Vodafone Faces Charges in India and 4 Telecom Titans Attract Interest
AT&T, Inc. (NYSE:T): As it continues expansion of its LTE footprint in the US, AT&T has released its 4G LTE service in 10 additional cities today, including Hartford, Connecticut; New Haven, CT; Boise, Idaho; Boulder, Colorado; Bowling Green, Kentucky; Lexington, KY; Lancaster, Pennsylvania; Harrisburg, PA; Providence, Rhode Island; and Ogden, Utah. Now, the AT&T customers located in the regions will likely see the company’s 4G LTE on their devices, if they possess LTE capabilities.
Sprint Nextel Corp. (NYSE:S) LTE network includes 49 markets and will add 150 more. The company has been struggling to catch up to AT&T’s 125 markets and Verizon’s 470, and it continues to try to compete with the Long Term Evolution efforts of large competitors like Verizon Wireless and AT&T. However, the company is making good time. Sprint’s LTE network has hit 49 markets, including Dallas, Atlanta. and Baltimore, and it intends to add 150 more in the “coming months,” according to its announcement on December 19.
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Verizon Communications Inc. (NYSE:VZ): On Saturday night, for the Detroit Lions versus Atlanta Falcons game, Verizon Wireless customers will find it far easier to browse the internet from smart phones. The stadium can now debut free WiFi for Verizon subscribers, making Ford Field the ninth WiFi-enabled NFL stadium.
Vodafone Group plc (NASDAQ:VOD): In India, investigators filed criminal charges against telecom companies Bharti Airtel Ltd. and Vodafone Group for alleged corruption regarding the allocation of bandwidth during 2002, according to the Wall Street Journal. Court documents filed by the Central Bureau of Investigation indicate that they’ve been charged with criminal conspiracy and criminal misconduct.
Leap Wireless International Inc. (NASDAQ:LEAP): Zacks has decided to keep a neutral rating on the company’s shares according to a research report that was sent to investors. As of now, the firm possesses a $7.25 price target on the stock.