AT&T and District 6 Reach Tentative Agreement and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T) and the Communications Workers of America (CWA) District 6 decided upon a tentative agreement with wireline workers in the telco’s Southwest territory. District 6 is responsible for covering nearly 22,000 CWA members working in Texas, Oklahoma, Kansas, Arkansas and Missouri. Currently, the CWA and AT&T will give union members and locals details about the agreement along with its intentions to schedule a ratification vote.
Sprint Nextel Corp. (NYSE:S): According to Key financials, Sprint is ahead of its 52 week low with 170.00 percent, and its last month price volatility continued to be 2.25 percent. The company’s beta coefficient was 1.11 with a target price of $6.34. Furthermore, in its share capital, Sprint possesses 3.00 billion outstanding shares and all shares were floated in market. The company also has insider ownership of 0.33 percent with its institutional ownership continuing to be 88.84 percent. As of now, the company’s current year earnings per share saw a 16.79 percent increase as the five year EPS growth rate was 73.48 percent.
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Verizon Communications Inc. (NYSE:VZ): Verizon Wireless has decided to expand its network capabilities, with its new cell sites located in the Hawaii Islands. The company has introduced 4G sites in Princeville, Kukui’ula, Kilauea, Moloa’a, Anahola, Nawiliwili, Wailua, Lihu’e, Kapa’a, Knudsen Gap, Koloa Town and Kalaheo. The expansion has full intentions that the 4G space would will probably boost the company’s data revenues and tap potential opportunities in the LTE market.
Vodafone Group plc (NASDAQ:VOD) has already begun to invest strongly in technology that should let people make payments via mobile phones, but formerly considered going much further than that. Vittorio Colao has informed The Telegraph: “We looked into [becoming a bank] for the last 15 years – very seriously. I even got a banking licence in Italy.” Now, the mobile phone company abandoned the idea because “at the end of the day, they require different skills,” according to Mr Colao.
Leap Wireless International Inc. (NASDAQ:LEAP): Janco Partners has begun to cover Leap Wireless, giving the stock a Long Term Buy rating. Janco Parners said that because LEAP will probably be driven by events they have begun to use a Long Term Buy rating, recognizing that it could take additional time to realize value than many investors are willing to wait.
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