MetroPCS Shops for a Suitor and 4 Telecom Titans Dialing Forward
AT&T, Inc. (NYSE:T): The Samsung Galaxy Note II, Galaxy Rugby Pro, Galaxy Express, and Galaxy Tab 2 10.1 have all been added to the AT&T, Inc. 4G LTE family with a beastly wave of Android goodness. These devices have all appeared in one form or another in the past. Now they are coming to AT&T’s ever growing LTE connectivity environment with their most powerful set of features and builds ever. The Samsung Galaxy Note II will likely be the most noted device of the family, taking the original Galaxy Note (also on AT&T’s LTE network) and boosting its greatness with a 1.6GHz quad-core Exynos processor and a massive 5.5-inch display.
Sprint Nextel Corp. (NYSE:S): Sprint Nextel Corp.’s revenue has increased in 7 out of the last nine quarters thanks to strength of their prepaid and wholesale segment.
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Verizon Communications Inc. (NYSE:VZ): Verizon Communications Inc. and Redbox’s parent company Coinstar Inc., have offered details and a target date for a joint online venture, announced earlier this year, and intended to compete in the rapidly crowding streaming movie and TV market with Netflix, Amazon.com Inc. and Apple Inc. According to a Bloomberg report, the announced features of the new product, called Redbox Instant, include a subscription-based online video streaming service and separate online movie sales and rentals. The new features are in addition to Redbox’s existing kiosk DVD services.
Vodafone Group plc. (NASDAQ:VOD): British mobile phone giant Vodafone Group Plc. expects to incur costs worth £500 million ($809 million) over the next four years for the integration of Cable & Wireless Worldwide. The company acquired Cable & Wireless Worldwide this past July for £1.04 billion. The deal is part of Vodafone’s future growth strategies that hinge on five components that include increasing mobile data services, enlarging growth in enterprise segments, expanding growth in emerging markets including Eastern Europe, India and Africa, growing in new areas and maintaining liquid investment in quality networks.
MetroPCS Communications, Inc. (NYSE:PCS): According dealReporter, MetroPCS Communications, Inc., is having conversations with “a number” of strategic suitors including Sprint (NYSE:S), Dish Network (NASDAQ:DISH) and T-Mobile USA. A possible MetroPCS deal is seen as the “first step” in supporting a broader industry consolidation.
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