MetroPCS in Sights of Deutsche Telekom and 4 Telecom Titans Attracting Interest
Sprint Nextel Corp. (NYSE:S): Sprint Nextel Corp. said the number of Femtocells deployed in their network now tops 1 million, an increase of 50,000 since late July when the company disclosed in a Federal Communications Commission filing that they had deployed 950,000.
Verizon Communications Inc. (NYSE:VZ): Verizon Wireless announced that in the coming weeks, they will offer the iPad mini and the fourth generation iPad. These devices will come with a range of attractive data plans that will allow customers to connect to the 4G LTE network.
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Vodafone Group PLC.(NASDAQ:VOD): Vodafone Group PLC. India expects their business services segment, which caters exclusively to corporate clients, to contribute at least 15% of their total revenues in the next five years. “We are looking to increase contribution of our Business Services division from 10% at present to 15% in the next three to five years time frame,” Vodafone India’s Director for Business Services, Naveen Chopra told PTI. Chopra said that for increasing the contribution to 15%, the division will have to grow 50 to 60% more than their consumer business.
MetroPCS Communications, Inc. (NYSE:PCS): Deutsche Telekom AG is confident that a deal to merge their T-Mobile USA unit with U.S. carrier MetroPCS Communications, Inc. will go through. “We do, however, need to explain more clearly the benefits for both sides,” Rene Obermann told Reuters at a conference in Munich. Earlier this month, Japan’s Softbank agreed to buy a 70% stake in rival carrier Sprint Nextel and there have been reports that they may also look to acquire MetroPCS. Obermann declined to comment when asked whether Softbank could make a rival bid for MetroPCS.
Level 3 Communications Inc. (NASDAQ:LVLT): “We are reiterating the guidance we provided earlier this year,” said Sunit Patel, Chief Financial Officer of Level 3 Communications Inc.”We expect CNS revenue to continue to grow in the fourth quarter and we remain confident in our expectations for a 20%-25% adjusted earnings before interest, taxes, depreciation and amortization growth for the fiscal year 2012 from the starting point of $1.216 billion of pro forma adjusted EBITDA for 2011. We continue to expect capital expenditures for the fiscal year 2012 to be approximately 12% of total revenue and we continue to expect, in the aggregate, to generate positive Free Cash Flow for the second through fourth quarter.”