Sprint to Shed Nextel Name and 4 Telecom Titans Attracting Interest
Sprint Nextel Corp. (NYSE:S): Sprint Nextel Corp. is shedding the old push-to-talk Nextel network, but they will officially remove the name after they close their $20 billion deal with Softbank. In an Security and Exchange Commission filing yesterday that included a question and answer for employees, the company said that they will become a unit of Sprint Corp, which is expected to succeed Sprint Nextel’s NYSE listing in the united States.
Vodafone Group PLC.(NASDAQ:VOD): After losing more than half a million customers in the second quarter of this year while competitors Orange and Yoigo gained market share, Vodafone Group PLC.’s Spanish division will bring back subsidized smartphones.Vodafone and rival Telefonica used Spain as a testing ground for getting rid of the costly subsidies for new customers and ended the policy in this past march and April.
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MetroPCS Communications, Inc. (NYSE:PCS): Mavenir Systems, a leading innovator of mobile infrastructure solutions for 4G LTE operators, announced that they provided MetroPCS Communications, Inc. with their suite of application servers that will support the world’s first commercial launch of Rich Communication Services (NYSE:RCS) on a 4G LTE network based on the GSMA 5.0 standard. Mavenir’s VoLTE solution, launched commercially by MetroPCS earlier this year, is a platform that helped MetroPCS leverage the investment in their 4G LTE network and quickly offer differentiated services and new value to their customers.
Leap Wireless (NASDAQ:LEAP): Leap Wireless International Inc. will release their third-quarter 2012 financial results on Wednesday, November 7, before the opening bell. The Zacks Consensus Estimate for the quarter is is a loss of 76c, representing an annualized growth of 15.32%.
Frontier Communications Corporation (NYSE:FTR): Frontier Communications Corporation anticipates a free cash flow, excluding integration costs and integration capital expenditures, of $900 million-$1 billion. “We expect that in 2012, our cash taxes will be approximately $15 million and we will incur operating expenses and capital expenditures for integration activities of approximately $80-50 million, respectively. We made total net contributions to our pension plan for 2012 of $28.5 million, including $18.2 million in the third quarter and $10.3 million in October 2012.” These contributions reflect the positive impact of funding rate changes contained in the Highway Investment Act of 2012.
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