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T-Mobile has agreed to sell its Wireline Business to Cogent Communications (NASDAQ: CCOI), a facilities-based network provider, for a purchase price of only $1.00. At the same time, T-Mobile has agreed to utilize IP transit services delivered by the Wireline Business for 4.5 years following closing, meaning that T-Mobile is effectively paying Cogent $700 million to offload this “legacy” unit.

Read more: T-Mobile Sells Sprint Wireline Business for One Dollar

SpaceX Chief Engineer Elon Musk announced Coverage Above and Beyond: a breakthrough new plan to bring cell phone connectivity everywhere. Leveraging Starlink, SpaceX’s constellation of satellites in low Earth orbit, and T-Mobile’s industry-leading wireless network, the Un-carrier plans to provide near complete coverage in most places in the U.S. – even in many of the most remote locations previously unreachable by traditional cell signals.

Read more: T‑Mobile Takes Coverage Above and Beyond with SpaceX

Verizon is upgrading to new equipment that is capable of utilizing the latest 400 Gbps per port optical technology. When the overhaul of the fiber core network — the superhighway Verizon uses to move customers’ data — is complete, Verizon will be able to manage 115 Tbps of data. This upgrade will significantly increase the bandwidth needed to support wireless, home internet, enterprise, small business and FIOS customers.

Read more: Verizon Supercharges Fiber Core Network

Bell Canada announced that it is set to deliver the fastest Internet speeds in North America of any major provider. As announced previously this year, Bell is already the fastest of any major provider in the country with 3Gbps and is now introducing even faster symmetrical speeds of up to 8Gbps, the fastest of any speeds offered today by any major provider. With these speeds, and in select areas of Toronto, Bell pure fiber Internet will have download speeds five times faster than cable technology and upload speeds 250 times faster than cable technology. Bell also will bring Wi-Fi 6E in the home, the fastest Wi-Fi technology available, and when coupled with North America's fastest Internet speeds, is set to transform the at-home experience.

Read more: Bell Canada Increases Internet Speeds

AT&T highlighted that Q2 2022 is one of the best quarters in over a decade due to record levels of customer additions. Revenues from continuing operations for the second quarter (Q2 2022) totaled $29.6 billion, reflecting higher mobility and consumer wireline revenues.

Read more: AT&T in Q2 2022: Higher-Than-Forecasted Customer Growth

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