Verizon Wireless, T-Mobile resolve lawsuits over ad campaigns

Verizon (VZ) and T-Mobile (TMUS) settled lawsuits over misleading advertising claims. Verizon sued T-Mobile for false savings promises, while T-Mobile countered over Verizon's ads. The case was dismissed in Manhattan federal court. Verizon reported 147 million subscribers as of June 30.

Verizon expanded its 6G Innovation Forum (6GIF) with nine new partners, including AWS, Cisco, Intel, and Nvidia, to advance AI-native 6G technologies. The telco has conducted successful ISAC field trials with Samsung and Qualcomm, exploring use cases like crowd-density detection and drone safety tracking. Verizon aims to scale 5G-Advanced capabilities and enable AI workloads, with plans to demonstrate technologies at the 2028 Summer Olympics in Los Angeles.

Verizon has signed a deal with Corning for 80 million miles of fiber through 2032 to build a converged network for broadband, mobile, and AI data-center connectivity, aiming to support 40-50 million broadband passings and serve AI hyperscalers. According to Verizon, this deal secures the physical foundation of America's AI economy.

T-Mobile CEO Mike Sievert discussed growth strategies at the Goldman Sachs Conference, highlighting double-digit customer lifetime value (CLV) increase in Q2 and positive performance against full-year postpaid account net additions outlook. He raised 2030 fixed wireless access guidance to 15 million customers and emphasized broadband, enterprise, and AI growth opportunities. The company is deploying AI to improve customer experience and plans significant investments in workforce programs. T-Mobi

The 27th China International Optoelectronic Exposition (CIOE) saw strong attendance, highlighting growth in optical communications. 800G optical modules dominate shipments, while 1.6T products are in low-volume supply but await downstream hardware readiness. Next-gen technologies like 12.8T XPO and 6.4T NPO were showcased, though not yet in mass production. Upstream supply constraints, particularly in optical chips and fiber, were noted. Companies like Zhihu Optronics (300308.SZ), Cambridge Tech

A surge in cellular phone service prices contributed to a higher-than-expected US inflation rate, likely influencing the Federal Reserve's decision to raise interest rates. According to the Bureau of Labor Statistics, the consumer price index excluding food and energy rose 0.3% in August, driven partly by a 5.9% increase in wireless telephone services. Economists attribute this to price changes by major carriers like AT&T and T-Mobile.