AT&T Extends With Fiserv and 4 Telecom Titans Attract Interest Monday
AT&T, Inc. (NYSE:T) has extended its relationship with Fiserv (NASDAQ:FISV), and it signed a multi-year, sole provider agreement for its CheckFreePay walk-in bill payment service. The contract will extend the walk-in bill payment capabilities for Wireline customers into 13 more states.
Sprint Nextel Corp. (NYSE:S) and SoftBank confirmed that they entered into a number of definitive agreements beneath which SoftBank is to invest $20.1 billion in Sprint, consisting of $12.1 billion which is to be distributed to Sprint stockholders and $8 billion worth of new capital, which is to make Sprint’s balance sheet stronger.
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MetroPCS Communications, Inc. (NYSE:PCS): Deutsche Telekom (DTEGY) looks to complete the merger between its T-Mobile unit and MetroPCS between April and June 2013, according to Reuters. CFO Timotheus Hoettges informs German daily newspaper Boersenzeitung that the transaction will probably not be carried out until 2Q13 and continues to believe that Deutsche Telekom’s shareholder remuneration policy for 2012 will not be affected by the merger plans.
JDS Uniphase Corporation (NASDAQ:JDSU) has completed the sale of its holographic security business to OpSec Security, Inc. and announced its agreement with OpSec on Sept. 19. JDSU has a strategic focus on serving the anti-counterfeiting market mostly via advanced security pigments, thread substrates, and printed features for the currency, pharmaceutical, and consumer electronic segments. The holographic security product line which was acquired by OpSec primarily addresses the transaction card market segment and gains revenue totaling about $5 million per quarter. The revenue and operating results from the holographic security product line for JDSU’s fiscal quarter, which ended on September 29, are to be categorized as discontinued operations, and not included in JDSU’s quarterly results from ongoing operations from the quarter, when JDSU’s operating results for the fiscal quarter are released.
Clearwire Corporation (NASDAQ:CLWR): Softbank’s $20.1 bilion stake in Sprint (NYSE:S) will not require Sprint to act in regards to Clearwire (NASDAQ:CLWR) other than those set forth in agreements Sprint previously entered into with Clearwire and some of its shareholders.