[ad_1]
The merger of T-Mobile and Sprint
Washington – F. B: US antitrust authorities on Friday approved a $ 26 billion merger between T-Mobile and Sprint in the third and fourth operators.
The agreement aims to create a third operator in the United States to compete with industry leaders, Verizon and AT & T.
The agreement provides that Sprint sells some of its prepaid activities to Dish Network to allow a new competitor, as well as withdraw some of its badets.
T-Mobile, owned by Deutsche Telekom, based in Germany, and Sprint, controlled by the Japanese company Softbank, said the merger would allow them to better compete with large companies through the gradual transition of the sector to the fifth generation Internet.
Twitter shares up 9% after announcement of results
Twitter shares rose nearly 9% at the end of the trading session on Friday after business results exceeded badysts' expectations.
Twitter users surged 14% in the second quarter, exceeding badysts' expectations.
Revenues increased 18% to $ 841.38 million, compared to badysts' estimates. Advertising revenue reached $ 727 million, up 21% from the previous year.
The company expects revenues of between $ 815 and $ 875 million in the third quarter of this year.
At the end of the negotiations, Twitter rose 8.9% to $ 41.52.
Since the beginning of the year, the company's shares have increased by more than 33%.
US stocks hit record highs
Most US stocks peaked on Friday, after economic growth figures and the publication of earnings results, Wall Street earned weekly gains.
The Dow Jones Industrial Average index rose 0.1% to 27,192.4 points, gaining weekly gains of 0.1%. Standard & Poor's rose 0.7% to 3,025.8 points, its highest level ever recorded, posting weekly gains of 1.6%. While the Nasdaq grew by 1.1% to 8,330.2 points, it reached a new record, recording gains of 2.3% this week. Twitter's profits outpaced badysts' estimates in terms of the number of users and revenue, increasing the share by about 9%.
Oil prices rise to the rules and make weekly gains
Oil prices rose Friday after the publication of US mining data, realizing weekly gains. On the settlement, NYMEX US crude futures prices rose 0.3% to $ 56.20 a barrel.
During the week ending the US crude rose 0.8% per week. Brent crude for September delivery increased 0.08% to $ 63.44 per barrel. Baker Hughes revealed a decline in the number of oil rigs in the United States for the fourth consecutive week.
Source link
