Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF

Verizon is acquiring Frontier Communications for $20 billion, expanding its fiber and wireless services. The deal is expected to close in 18 months and achieve $500 million in annual cost synergies by year three. Verizon also reaffirmed its FY24 guidance.

Related tickers: FYBR, VZ, RSPC, XTL.

Charter Communications Inc (NASDAQ:CHTR) reported fiscal first-quarter 2024 revenue growth of 0.2% year-on-year to $13.68 billion, missing the consensus of $13.74 billion. EPS of $7.55 missed the consensus of $7.92. The stock price dropped after the results. Revenue growth of 1.9% in Internet, 37.8% in Mobile service, and 1.3% in Commercial aided the top line. Charter lost 72,000 residential Internet customers, compared to 67,000 additions last year. Residential video customers decreased by 392,000 versus a decrease ...Full story available on Benzinga.com

Related tickers: CHTR, YALL, RSPC.