Sprint COOPERATING with SEC and 4 Telecom Titans Attracting Interest

AT&T, Inc. (NYSE:T): In addition to a deal for the purchase of NextWave Wireless (WAVE), AT&T (NYSE:T) is also to acquire spectrum from Comcast (NASDAQ:CMCSA) and Horizon Wi-Com, a company which attempted to start up its own wireless broadband network, according to the Associated Press. AT&T expects to begin to deploy the spectrum in three years. The shares traded up $0.01 (0.03%) recently at $37.55.

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Sprint Nextel Corp. (NYSE:S) states that it is cooperating with a Securities and Exchange Commission investigation concerning its collection and remittance of state and local sales taxes, claiming that it follows a flawed lawsuit filed by New York Attorney General Eric Schneiderman. Sprint claims that it recently received an SEC subpoena concerning tax collections and payments, including those in New York. The telecommunications company asked a judge to dismiss the New York suit claiming $100 million in unpaid sales taxes as well as seeking triple damages. Schneiderman states that Sprint should collect taxes on the total amount of monthly access fees for mobile calling plans, while it has withheld approximately 25 percent based on the theory it doesn’t owe them on the interstate portion. The shares traded up $0.04 (0.93%) recently at $4.33.

Verizon Communications Inc. (NYSE:VZ): Verizon Wireless, a joint venture of Verizon and Vodafone (NASDAQ:VOD), could be forced to face tough conditions in order to convince regulators to approve its proposed deal with cable companies, reports Reuters, whp cited unnamed inside sources. Regulators are concerned about intentions by Verizon and Comcast (NASDAQ:CMCSA) to market each other’s products, and a new joint venture among Verizon and cable companies that would develop new technologies, the news service noted. The shares traded down $0.11 (0.25%) recently at $44.51.

MetroPCS Communications, Inc. (NYSE:PCS): Nobody looking at the long antenna sprouting from MetroPCS’ new Samsung Galaxy S Lightray 4G would suggest that Samsung is bringing sexy back, but for lovers of television, the throwback is important. The prepaid carrier has teamed with Samsung for the introduction of the Dyle Mobile TV service, which offers live, local broadcast TV via Metro’s 4g LTE network. The service is free once you buy the phone. The shares traded up $0.03 (0.35%) recently at $8.65.

Clearwire Corporation (NASDAQ:CLWR): Clearwire Belgium confirmed it intends to launch 4G in Brussels by the year’s end, according to the website Astel. The shares traded up $0.15 (12.36%) recently at $1.38.

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