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AT&T, Inc. (NYSE:T) and Verizon Communications finish multi-billion dollar network upgrades in the fight for Apple iPhone and Google-Android subscribers and they’ve quietly seen a huge income tax windfall. Now, Craig Moffet of Bernstein Research, the telecom sector’s most consistently bearish analyst, said that the tax windfall, stemming from stimulus incentives in the wake of the financial crisis, may reverse in the coming years and hit the cash coffers at AT&T and Verizon.
Sprint Nextel Corp. (NYSE:S): The previous week saw quite a few developments in the telecom sector. Sprint Nextel Corp. continued to be aggressive with their 4G LTE rollout and announced the expansion of their LTE coverage to another eleven cities and counties in the upcoming weeks. The third largest United States wireless carrier is also planning to ask for an additional $10 per month surcharge on all iDEN subscribers, starting January 1st, in a bid to move the remaining iDEN subscribers and accelerate the network’s shutdown.
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Verizon Communications Inc. (NYSE:VZ): According to GigaOM, Redbox (NASDAQ:CSTR) Instant by Verizon (NYSE:VZ) is said to be launching on December 6 and may have an advantage over Netflix (NASDAQ:NFLX) because of the newer titles that aren’t yet available to on demand, but can be rented instantly at a lower cost through Redbox kiosks.
Vodafone Group PLC (NASDAQ:VOD): The world’s first SMS text ocured on the Vodafone’s GSM network twenty years ago on December 3, 1992 and Vodafone Ghana is marking the anniversary with two new SMS bundles for their customers.
Level 3 Communications Inc. (NASDAQ:LVLT) and TW Telecom (NASDAQ:TWTC) announced they have made a long-term settlement-free Internet traffic exchange agreement. The agreement, commonly known as a peering agreement in the Internet industry, allows the two Internet service provider networks to exchange data, allowing Internet customers on one network to send and receive Internet content with customers on the other network more efficiently and cost-effectively.
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