AT&T Rolls Out 4G LTE Network and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): While the debut of AT&T, Inc.’s 4G LTE networks coincides with the launch of a new iPhone, which is AT&T’s most popular smartphone, the press noted that the carrier did not mention anything about Apple’s iPhone 5. Instead, they are focusing on promoting some of their other 4G LTE capable devices: the Motorola Atrix HD, Sony Xperia ion, HTC One X, Samsung Focus 2, Nokia Lumia 900, Samsung Galaxy Note, and Pantech Element tablet.
Don’t Miss: AT&T and Sprint are Loving the iPhone 5.
Sprint Nextel Corp. (NYSE:S): Sprint Nextel Corp.’s CEO Dan Hesse said that the company has sold 1 million LTE devices so far. According to reports by FierceWireless, citing comments made at the Goldman Sachs Communacopia Conference, Samsung’s (SSNLF) Galaxy S III and HTC’s EVo 4G represent the bulk of the carrier’s 4G sales.
Verizon Communications Inc. (NYSE:VZ): Verizon Communications Inc. has stated that many people are coming off unlimited plans to go to shared plans.
Vodafone Group PLC. (NASDAQ:VOD): Vodafone, India’s second largest Telco has enticed PizzExpress CEO Vivek Mathur to be their Chief Commercial Officer. Mathur will replace Sanjoy Mukherjee who has decided to resign from his 10 year stint, next month, so that he can begin his own venture. At the present time, Sanjoy is responsible for the Telco’s sale, marketing, customer service, and channel management.
Frontier Communications Corporation (NYSE:FTR): Frontier Communications Corporation said that the hurricane-force storms that hit West Virginia, Pennsylvania, Indiana and the Carolinas in late June and early July had a severe impact on their operations. 277 central offices were impacted, causing the company to make a purchase of 203 generators and replace 167,000 feet of cable. Personnel was moved from non-affected states to those areas that were hit the hardest. Their incremental overtime and contractor costs, in the third quarter, are expected to be approximately $15 million over the second quarter and approximately $3 million in excess of their third quarter 2011 storm costs. Guidance from the IRS in August related to valuation rates and on September 11 related to lump sum methodologies has reduced pension contributions for 2012 to approximately $30 million. $30 million of total pension contributions will be made in increments of approximately $20 million and $10 million in the third and fourth quarters. More information will be given at the Goldman Sachs 21st Annual Communacopia Conference.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>