Markets

Warren Buffett’s Berkshire Hathaway added Verizon and Chevron to its portfolio. Here’s why that’s surprising.

Warren Buffett’s Berkshire Hathaway added Verizon and Chevron to its stock portfolio. Buffett has avoided telecoms because he views the industry as unpredictable. The investor backed Occidental Petroleum in its bidding war with Chevron in 2019. Visit Insider’s homepage for more stories. Warren Buffett’s Berkshire Hathaway revealed billion-dollar stakes in […]
Warren Buffett’s Berkshire Hathaway added Verizon and Chevron to its portfolio. Here’s why that’s surprising.
Markets

SoftBank just made $12 billion after Sprint’s stock rocketed 70%

SoftBank made about $US12 billion after Sprint’s stock price rocketed more than 70% on Tuesday. The Japanese conglomerate is Sprint’s parent, owning nearly 85% of the wireless carrier’s shares. The stock surge boosted the value of SoftBank’s holding from about $US17 billion to $US29 billion. Sprint’s shares shot up after […]
SoftBank just made $12 billion after Sprint’s stock rocketed 70%
News

Shares in a telecoms company jumped 130% after it pivoted to blockchain

Telecoms investment business Stapleton Capital changed its name to Blockchain Worldwide and going after blockchain investments instead of telecoms. Share price jumps as much as 130% on the announcement. Several companies have seen big bumps in their stock price after pivoting to blockchain or cryptocurrencies. LONDON – The price of […]
Shares in a telecoms company jumped 130% after it pivoted to blockchain
Markets

Billionaire David Teoh is disappointed at TPG’s share price

David Teoh, the executive chairman of TPG Telecom, is disappointed at the telco’s share price fall over the past year. The share price, which closed at $6.03 yesterday, has halved since July last year. “Your directors are all shareholders in the company and each of us is, of course, disappointed […]
Billionaire David Teoh is disappointed at TPG’s share price
News

Telstra’s own statements are being used against it in a patent court case

Telstra, facing court action alleging major patent infringements, has had its own words turned against it after losing a bid to suppress information said to make the telco vulnerable to hackers. After losing the suppression case, Telstra released a statement to Business Insider saying the information in question “does not […]
Telstra’s own statements are being used against it in a patent court case
Markets

Telstra shares are on a tear

Shares in Telstra jumped after the ACCC (Australian Competition and Consumer Commission) rejected a proposal to allow other operators to use its mobile network in remote areas. A short time ago, Telstra shares were up 5.2% to $4.45. Domestic roaming would allow smaller operators such as Vodafone and TPG to […]
Telstra shares are on a tear
Markets

Vocus profits have hit a record and its shares are soaring

Acquisitions have been good for telco Vocus Communications. The telecommunications player just posted a 94.9% rise in net profit to $47.2 million for the six months to December. Revenue was up more than 400% to $885.9 million. A short time ago, its shares were up 10% to $4.845. The company […]
Vocus profits have hit a record and its shares are soaring