Broadcom's (NASDAQ: AVGO) stock rose about 3.8% over the past 12 months. During that same period, the S&P 500 declined 9.3%, and the PHLX Semiconductor Sector index lost 13.2% of its value. Broadcom outperformed the market and many of its industry peers for four reasons.
PALO ALTO, Calif., January 26, 2023--Antel, the leading Mobile Operator in Uruguay, is working with VMware, Inc. (NYSE: VMW) for a use case driven trial using the VMware Telco Cloud Platform to support a Proof of Concept (PoC).
The Competition and Markets Authority (CMA) said in November it was investigating whether the deal between the two U.S.-listed companies could substantially hurt competition in Britain, adding that it had until March 22 to decide. Broadcom and VMware did not immediately respond to Reuters' requests for comment.