Google shares tumble as heavy AI spending trigger  billion cash burn

Google shares tumble as heavy AI spending trigger $9 billion cash burn

Google parent company Alphabet reported third-quarter financial results that missed Wall Street targets, driven by slowing search advertising growth and a sharp acceleration in capital expenditure for artificial intelligence infrastructure. The results prompted a 10% decline in after-hours trading, reflecting growing investor concern over elevated spending timelines and core revenue pressure. Read: Apple unveils 2026…

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MVNOs are doing the heavy lifting at Cell C

MVNOs are doing the heavy lifting at Cell C

Cell C CEO Jorges Mendes Cell C’s wholesale division grew revenue 20% to R1.76-billion in the year to 31 May 2026, adding 1.2 million mobile virtual network operator subscribers. Data traffic from those MVNO users rose 131%, against 47% growth across the group as a whole. It was comfortably the strongest performance in the group….

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