AT&T Raises Expectations and 4 Telecom Titans Attract Interest
AT&T, Inc. (NYSE:T) has continued to hope for a happy holiday in regards to smartphone sales. The wireless carrier has begun to sell smartphones at a record pace. The company has sold 6.4 million already during the first two months of the quarter, said Ralph de la Vega, who is the CEO of AT&T’s mobility arm. De la Vega, as he spoke at an investor conference today, and he stated that he now intends to sell 26 million smartphones during the year, which is 1 million more than previously expected.
Sprint Nextel Corp. (NYSE:S): Mad Money’s Jim Cramer has stated, ”I’d like to buy more. Don’t sell Sprint, it’s a good one.”
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Verizon Communications Inc. (NYSE:VZ) has begun contacting customers this week to request that they allow the company to sell their data, such as location, browsing information, and mobile app usage, to third-party marketers in exchange for coupons. Verizon has made the promise of one coupon up front, and there is also potential for e-mails, texts, snail mail, or mobile ads with additional offers considering what data is collected. The program has been named Verizon Selects, and it is Verizon’s attempt to bridge the gap between they ways in which marketers reach mobile users and what mobile users hope to see from marketers. Verizon has stated that it intends to analyze the information listed above along with “customer demographic and interest data” to “create specific insights.”
Vodafone Group plc (NASDAQ:VOD) director of small business Tim Stone is expected to leave in the new year, and he is to be replaced by channel partners sales director Nick Birtwistle. Stone has been employed by the company for 17 years working in the consumer and business sides of the business. He has been given the credit for increasing its MVNO market share along with driving revenue and growth in the small business division.
MetroPCS Communications, Inc. (NYSE:PCS) complained on Wednesday that the market has undervalued its shares before the anticipated merger with T-Mobile USA, and it also added that the market continues to be too focused in regards to whether or not Sprint Nextel Corp would make a counterbid. Following Reuters’ report that Sprint was unlikely to bid for MetroPCS, which has already agreed to merge with T-Mobile USA, MetroPCS shares dropped 7 percent on Tuesday. The Reuters report that was released on Monday cited unnamed sources.
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