Sprint Negotiates With Clearwire and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T) has been named to the Dividend Channel ”S.A.F.E. 25” list, signifying a stock with above-average ”DividendRank” statistics including a strong 5.3% yield as well as a superb track record of at least two decades of dividend growth.
Sprint Nextel Corp. (NYSE:S) is in discussions with Clearwire (NASDAQ:CLWR) to acquire the 49% of the company that they do not already own. Sprint hopes the possible buyout will coincide with the closing of their transaction with Softbank, Faber added. A merger announcement could come the end of the year, the reporter said. Shares of Clearwire jumped 12%, or 29c, to $2.69 following Faber’s report, while Sprint shares declined 4c to $5.62.
Are you worried about the Fiscal Cliff? Click here to get our Gold & Silver Premium Newsletter OVER 50% OFF now!
Verizon Communications Inc. (NYSE:VZ): After a retiree association failed to convince a court to stop the move, telephone company Verizon Communications Inc. said that they have transferred $7.5 billion in pension obligations to Prudential Insurance. Members of the Association of BellTel Retirees sued in Dallas federal court two weeks ago to stop the deal because they believe that it will weaken the legal protections for retirees. It effectively turns the company’s defined-benefit pensions into annuities to be paid by Prudential. Annuities aren’t covered by the federal Pension Benefit Guaranty Corp.
Vodafone Group PLC.’s (NASDAQ:VOD) global enterprise unit is looking to bring more businesses to cloud computing in order to fight the effects of reduced information and technology spending amid a harsh economic environment. “The macro environment is still forcing companies to think about how to spend on IT,” Vodafone Global Enterprise Chief Executive Officer Jan Geldmacher said at the Bloomberg Enterprise Technology Summit in London today. “The trend is continuing that companies try to get costs down on IT, telecom and communications.”
Juniper Networks, Inc. (NYSE:JNPR) announced that Availity has selected their data center switching, WAN routing and security solutions to use as an upgrade for their national health information network that spans multiple distributed data centers. Juniper’s data center and enterprise switching and routing solutions will enable Availity to systematically scale and process more than 2 billion health care business transactions annually and scale their network to serve emerging information demands associated with health care reform.