Sprint and 3 Telecom Titans Ring Up Trading Interest
Sprint Nextel Corp. (NYSE:S) and MetroPCS (NYSE:PCS) shares move, following confirmation of the resignation of T-Mobile USA CEO Philipp Humm. An analyst at BTIG has earlier commented that T-Mobile USA could consider purchasing MetroPCS or Sprint following the resignation, which is likely the catalyst for the stocks.
Leap Wireless International Inc. (NASDAQ:LEAP) has been upgraded by Guggenheim and its price target increased to $10, on the new shift of its strategy towards pricier products which might reduce its subsidy expense, more flexible service plans, and its impressive value proposition.
Level 3 Communications Inc. (NASDAQ:LVLT) reports that it was chosen by TVRL GmbH & Co. KG, which operates the popular music TV service Putpat, to support that firm’s increasing requirement for very high storage and availability needs for various delivery formats, while at the same time ensuring rigorous content security along with workflow optimization. Accordint to the arrangement, Level 3 will deliver colocation, dedicated Internet access, content delivery and storage services.
Alcatel-Lucent, S.A. (NYSE:ALU) should benefit from the misfortune of the Telefonica-owned (NYSE:TEF) United Kingdom carrier O2, which predicts that it will run out of capacity in parts of its network by 2014 or 2015, due to burgeoning mobile data traffic, for which it will have to adopt “small cell” base stations in response. Alcatel-Lucent was pioneer leader in the small cell market, and also has a supply agreement with Telefonica. The development should help out Ericsson (NASDAQ:ERIC) as well, to the extent that strained networks factor into 4 gigabyte investments.
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