AT&T Receives FCC Approval and 4 Telecom Titans Attract Interest
AT&T, Inc. (NYSE:T) has intentions to create a new 4G band through the use of long-neglected airwaves, and these plans have now started to take final shape. On Tuesday, the company gained approval from the Federal Communications Commission as a way to purchase the 2.3 GHz Wireless Communications Service (WCS) airwaves that are owned by NextWave, Comcast, Horizon, and San Diego Gas and Electric. These licenses are to cover 82 percent of the U.S. population in the contiguous 48 states, and, together with AT&T’s current extensive WCS holdings, and it would present AT&T with control over the majority of the band. Furthermore, there are but a few WCS holders of any note, but AT&T will likely approach those operators in the near future due to gaining complete control of the band the the focus of AT&T’s plans.
Sprint Nextel Corp. (NYSE:S): The toughest phones in the world will come to Sprint. The third-largest carrier in the U.S. teamed with AT&T today to carry Sonim’s rugged phone line, which has been described as a set of unique, super-rugged phones with a three-year, no-questions-asked warranty.
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Verizon Communications Inc. (NYSE:VZ): Redbox Instant is Verizon’s up-and-coming joint venture which is preparing to compete with Netflix, and now, it is live in Google Play. This service will not make a public launch until early during 2013, according to a recent report from The Hollywood Reporter. However, Redbox recently informed GigaOm of a beta test that is to start during December, and it is rumored to begin today.
Vodafone Group plc (NASDAQ:VOD): Vodafone India employees may discover themselves removed from the company if they are guilty of breaking the company’s new set of safety laws, with specific staff members possessing police-like powers that check compliance. The firm’s global health and safety goal should “drive a zero fatalities culture, mindset and behaviour”. Generally, adherence to the law in European countries is viewed as enough, in regions such as India and Ghana, Vodafone requires compliance with International Safety Rating System (ISRS) Level 7, which explains the new set of strict staff controls, India’s Economic Times reports.
Clearwire Corporation (NASDAQ:CLWR): Last night, Crest Financial announced that it along with its affiliate and other related persons filed an amended Schedule 13D with the Securities and Exchange Commission which reveals that they acquired more Clearwire Corporation shares. Now, the Crest group is owner of 57,653,419 shares, or nearly 8.34 percent of Clearwire’s outstanding Class A stock, which has risen from 45,801,898 Class A shares of Clearwire, or nearly 6.62 percent of Clearwire’s outstanding Class A stock, which it owned previously. The Crest group’s purchase of additional Clearwire shares indicates that it is willing to continue its investments in Clearwire along with its confidence in Clearwire’s network build-out plan. Crest still opposes the proposed merger of Clearwire with Sprint Nextel Corporation (NYSE:S).