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Telecom & 5G · Week of Nov 2, 2026

Q3 results bring cost cuts and buybacks: the week in telecom

Third-quarter earnings dominated, with capital returns, cost programs and guidance changes, plus a Verizon-Ericsson network automation deal.

· ScoopByte newsroom

Third-quarter 2026 results made up most of the week's releases. TELUS reported a net loss of $660 million driven by an $800 million goodwill impairment tied to TELUS Health and announced an efficiency program targeting about $900 million in annualized cash savings exiting 2028. Telephone and Data Systems lowered TDS Telecom's 2026 revenue guidance while raising expected capital expenditures, and authorized an incremental $250 million share repurchase. Its tower unit Array reaffirmed guidance on 14% site rental growth. Chunghwa Telecom said its results beat the high end of its guidance, helped by a one-off asset gain.

Equipment and software suppliers also reported. Ceragon posted 11.7% revenue growth and updated its 2026 outlook. AudioCodes said recurring revenue from its Live and VoiceAI segments grew 16% and that it returned cash through buybacks and dividends. Outside earnings, Verizon and Ericsson expanded their work on AI-driven radio access network automation, and TELUS named two new board members effective January 1, 2027.

  1. TELUS Corporation

    TELUS Reports Third Quarter 2026 Results, Demonstrates Continued Discipline in Core Telecom; Advances Transformation Strategy

    TELUS reported a third-quarter 2026 net loss of $660 million, or $0.42 per share, driven by an $800 million pre-tax, non-cash goodwill impairment related to TELUS Health, and a 5 per cent decline in Adjusted EBITDA to $1.8 billion. The company announced an efficiency program targeting approximately $900 million in annualized cash savings exiting 2028 and said it is prioritizing the monetization of TELUS Health and TELUS Agriculture & Consumer Goods, with proceeds directed toward debt reduction.

  2. Telephone and Data Systems, Inc.

    TDS reports third quarter 2026 results

    TDS reported third-quarter operating revenues from continuing operations of $306.7 million and authorized an incremental $250 million share repurchase plan after buying back about 6 million shares in the quarter. TDS Telecom lowered its 2026 revenue guidance to $990 million to $1,010 million and raised expected capital expenditures to approximately $750 million, while adding about 76,000 marketable fiber service addresses.

  3. Array Digital Infrastructure, Inc.

    Array reports third quarter 2026 results

    Array reported third-quarter total operating revenues from continuing operations of $53.9 million, up from $47.1 million, with site rental revenues up 14%, and reaffirmed its 2026 guidance. The company says remaining spectrum sales to T-Mobile of approximately $30 million for 600 MHz and 700 MHz licenses received regulatory approval on October 7, 2026 and are expected to close in 2026.

  4. Ceragon Networks Ltd.

    Ceragon Reports 2026 Third Quarter Financial Results

    Ceragon reported third-quarter revenue of $95.5 million, up 11.7% year over year, with GAAP net income of $2.4 million and gross margin of 36.0%. The company updated its 2026 revenue outlook to $365 million to $375 million and said demand in India remained healthy despite significant supply constraints.

  5. AudioCodes

    AudioCodes Reports Third Quarter 2026 Results

    AudioCodes reported third-quarter revenues of $64.1 million, up 4.2%, and GAAP net income of $3.6 million, or $0.15 per diluted share, with services revenues up 19.9%. The company says combined annual recurring revenue for its Live managed services and VoiceAI segments reached $87 million, while cash and investments fell to $47.1 million after share repurchases and dividends.

  6. Chunghwa Telecom Co., Ltd.

    Chunghwa Telecom Reports Un-Audited Consolidated Operating Results for the Third Quarter of 2026

    Chunghwa Telecom reported third-quarter total revenue up 16.7% to NT$ 67.59 billion and net income attributable to stockholders of the parent up 29.5% to NT$ 12.22 billion. The company says results exceeded the high end of its guidance, aided by a one-off gain from asset revitalization, with enterprise ICT revenue up 19% and IPLC revenue up 33%.

  7. TELUS Communications Inc.

    TELUS Appoints Marc Allera and Bill Thomas to Board of Directors

    TELUS appointed Marc Allera, former CEO of EE and BT Group's Consumer Division, and Bill Thomas, former Global Chair and CEO of KPMG International, to its Board effective January 1, 2027. Board Chair John Manley said the two bring experience relevant to network investment, customer focus and capital allocation.

  8. Ericsson

    Verizon and Ericsson partner to transform AI-native Autonomous Networks

    Verizon and Ericsson expanded their collaboration on AI in radio access network automation, with Verizon planning a national rollout of the Ericsson Intelligent Controller this year. The companies say field deployments of rApps such as the AAS Cell Shaper delivered gains of up to 8.9% on downlink throughput, and that the rApps will advance Verizon's network autonomy toward L4.

This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not ScoopByte reporting.