T-Mobile closed out carrier earnings season the way it has for years — on top, with 777,000 postpaid phone additions and raised guidance. Then the week turned dark for the chip sector: Intel announced 15,000 layoffs, suspended its dividend, and watched its stock suffer the worst single-day collapse since 1974, raising hard questions about America's flagship chipmaker just as CHIPS Act money flows. And the Sixth Circuit stayed the FCC's net neutrality rules outright, wielding the Supreme Court's new anti-deference doctrine in its first big telecom test.
Earnings season put the big carriers' diverging playbooks on display: Verizon missed on revenue as customers held phones longer, while AT&T beat on postpaid adds and leaned hard into its fiber-plus-wireless bundle. But the week's most strategic moves happened off the income statement — T-Mobile committed roughly $4.9 billion to a joint venture with KKR to acquire fiber builder Metronet, its second fiber JV in three months, and Microsoft named Lumen its network partner for AI data-center capacity, an early marker of the AI-fiber trade that would define August.
A single faulty software update ended the week by grounding airlines, silencing broadcasters, and knocking out 911 centers: CrowdStrike's botched Falcon sensor push bricked some 8.5 million Windows machines in the largest IT outage in history. Earlier in the week, EchoStar relaunched Boost Mobile as a self-declared fourth carrier on its cloud-native 5G network with a $25-forever flagship plan, the FCC proposed requiring all phones be unlocked 60 days after activation, and Nokia's second quarter confirmed that operator equipment spending remains stuck in a deep trough.
AT&T disclosed one of the largest telecom breaches in history: call and text records of nearly every wireless customer — roughly 110 million people — stolen from a third-party cloud platform. No content was taken, but the metadata map of who contacted whom, when, and for how long is an intelligence asset in its own right, and the disclosure put cloud vendor risk at the top of every carrier's board agenda. The same week, Samsung bet its foldable franchise on Galaxy AI at Unpacked, and Brussels filed its first-ever Digital Services Act charges against X over deceptive blue checkmarks.
A holiday-shortened week in the U.S. still managed to move the regulatory ground under the industry's feet. The Supreme Court closed its term with Corner Post, extending the window to challenge federal agency rules just days after overturning Chevron deference — a one-two punch that puts decades of FCC rulemaking within reach of fresh litigation. In Brussels, regulators charged Meta over its pay-or-consent ad model, the second-ever Digital Markets Act case. And in the world's second-largest mobile market, India's brutal price war officially ended as Jio and Airtel's first tariff hikes since 2021 took effect.