Malady Kyle sold $47K of VZ

Verizon (VZ) and Ericsson (ERIC) stocks rose on Thursday after announcing a successful real-world 6G test. The companies completed a 6G field call in the 7 GHz band, moving the technology from lab tests to real-world use. Verizon's stock increased by 2.19%, while Ericsson's stock surged by 9.03%. Analysts give Verizon a Moderate Buy rating with a $49.77 price target, while Ericsson has a Moderate Sell rating with a $9.60 price target.

SpaceX agreed to pay $8B for US low-band spectrum, causing shares of AT&T, Verizon, and T-Mobile to fall. The deal requires FCC approval. European telecom shares also declined, with Deutsche Telekom down 8.6% this year. The European Union proposed reserving two-thirds of its equivalent spectrum for European firms and sovereign use.

Shares of AT&T (T), Verizon (VZ), and T-Mobile (TMUS) fell after SpaceX (SPCX) acquired Grain Management's low-band spectrum, raising competition concerns in the telecom sector.

SpaceX (SPCX) acquired 14 MHz of 800 MHz spectrum licenses for $8B, aiming to compete in wireless communication. Shares of AT&T (T), T-Mobile (TMUS), and Verizon (VZ) fell on the news. SpaceX may need more spectrum and infrastructure spending to compete, impacting carriers' finances and potentially raising spectrum auction prices.

Bain Capital and Tillman Global Holdings completed a $1.5 billion investment in Eaton Fiber and its acquisition of Ripple Fiber. The deal supports Eaton Fiber's expansion of Verizon's fiber broadband to over one million locations. Verizon acquired Ripple Fiber's customers and some network assets. Ripple Fiber's shareholders will continue to support Eaton Fiber.

Bernstein cut price targets for Verizon (VZ), Comcast (CMCSA), T-Mobile (TMUS), and Charter (CHTR) due to competition from SpaceX's (SPCX) Starlink mobile plans. Bernstein maintained 'Market Perform' ratings, citing competitive pressure and pricing moves. Despite cuts, all four stocks rose in morning trade, with CHTR up 2.3%.