Welcome to Faulkner's Telecom Daily. We publish Monday through Friday, updating top stories as events warrant.
Monday, November 9...
T-Mobile Declares 74 Percent Revenue Growth, Expands Home Internet Pilot by
T-Mobile announced a massive expansion of its Home Internet pilot, and reported "strong" year to year revenue growth of more than 74 percent for the 2020 third quarter. The news, it should be noted, is no doubt made possible by this year's merger with Sprint that propelled it to "record-high postpaid net additions" that it claims equate to "nearly as much as the rest of the industry combined." Revenues totaled $19.3 billion, an amount that compares to 2019 Q3 sales of $11.1 billion. Of this amount, Service revenue alone improved 62 percent, accounting for $14.1 billion. Income, meanwhile, was $1.3 billion, or $1 per share, a total that is up by 49 percent from 19Q3 earnings of $870 million, or $1.01 per share. Net customer additions - which the carrier noted marked the "record-high" 23rd consecutive quarter of "industry-leading performance" - were 2.035 million, with a total customer count of 100.4 million. Postpaid net additions were 1.98 million, while postpaid phone net customer additions were 689,000. T-Mobile also announced the expansion of its Home Internet pilot service to an additional 130 markets across nine states. This $50/month service was created to bring "more competition to home broadband — especially in underserved rural markets — through LTE-based coverage." 5G home broadband services, T-Mobile claims, are also "coming soon." A list of the newly launched coverage areas - which include portions of Michigan, Minnesota, New York, North Dakota, Ohio, Pennsylvania, South Dakota, West Virginia, and Wisconsin - are available via the T-Mobile Web site.
Android Police: "Older" Android Devices to No Longer Load Some Secure Web
Sites in 2021
According to recent reports, a number of the top SSL-secured Web sites will no longer be able to load on "older" Android devices starting in 2021. This news comes via Android Police, which noted that Let's Encrypt plans to officially stop signing new SSL certificates that contain DST Root X1. Essentially, this decision would mean that proper certificates would not be installed on some devices, causing those pages to either "encounter issues or fail to load entirely." The certificate authority - which Android Police noted has certificates used by approximately 30 percent of all web domains - has seen all of its certificates to date cross-signed with IdenTrust's DST Root X3 root. At issue is that the companies' partnership expires on September 1, 2021, and, per AP, the group "doesn't plan on entering another cross-signing agreement." This change would mean that any browsers or operating systems without a Let's Encrypt root certificate will no longer load with sites using IdenTrust. Although Let's Encrypt plans to cease cross-signing activity by default on January 11, 2021, sites can continue generating cross-signed certificates for the remaining eight months. Devices running Android 7.1 or lower are expected to be primarily affected. Android Police noted that the only work-around is to run the Firefox browser, but that this "doesn't prevent applications and other functions outside the browser from breaking."
AT&T Announces Next Chairman
AT&T appointed William Kennard as Chairman of its Board of Directors, effective the date of Randall Stephenson's January 2021 retirement. Kennard is the former General Counsel (1993-97) and Chair (1997-2001) for the US Federal Communications Commission (FCC), a US Ambassador to the European Union (2009-2013); and executive with The Carlyle Group, among other firms. Kennard joined AT&T’s Board in 2014, and currently serves on the Corporate Governance and Nominating Committee and the Public Policy and Corporate Reputation Committee.
....Brady Hicks, Faulkner Information Services
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