Vodafone LOSES 180K Customers and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): AT&T (NYSE:T) is expected to report their second quarter earnings in a conference call, scheduled for 9:30 am ET, before the market opens on Tuesday, July 24. According to First Call, analysts are looking for earnings per share of 63c on revenue of $31.72B, with a consensus range of 60c-64c for EPS, and $31.19B-$32.3B for revenue. In their first quarter conference call, the company noted that they were seeing impressive strength in all growth drivers. They also forecasted a higher wireline revenue for the fiscal year 2012 and mentioned that they were on track to double their LTE markets by year end. The company reported mixed second quarter results, but were able to beat their EPS, while narrowly missing revenue estimates. At the Nomura U.S. Media, Cable & Telecom Summit in May, Randall Stephenson,Chief Executive Officer, for AT&T, stated that recent price increases in wireless should help to boost their second quarter results. Over the past three months, sentiment on the street has been mostly positive and movement in the stock has reflected that. Since the release of their first quarter results, in late April, their shares traded sharply higher, and earlier this month, they made a fresh 52-week increase of $36.21. Their shares traded down $0.03 (0.09%) recently at $35.2565.
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Sprint Nextel Corp. (NYSE:S): Sprint Nextel Corp., has begun selling driver tracking services to auto insurers. Sprint said that their integrated, end-to-end, usage-based insurance (UBI) services are designed specifically for the auto insurance industry. They will be the first wireless carrier to offer a low-cost turnkey trial program for insurance carriers so that they can begin their own trials and pilot programs. Their shares traded down $0.16 (4.37%), they were recently at $3.5005.
Verizon Communications Inc. (NYSE:VZ): Verizon FiOS, in an agreement with NBC Universal, announced their multi-platform content offering for NBC Universal’s coverage of the London 2012 Summer Olympic Games. Their shares traded down $0.36 (0.81%), they were recently at $44.135.
Vodafone Group plc (NASDAQ:VOD): In spite of their commitment to a sweeping network upgrade, almost 180,000 consumers have hung up on Vodafone this year, and this customer exodus continues. Their shares traded down $0.3 (1.06%), they were recently at $27.896.
Alcatel-Lucent, S.A. (NYSE:ALU): Alcatel-Lucent (NYSE:ALU), and AuthenTec (NASDAQ:AUTH), are jointly supporting Portugal Telecom’s (NYSE:PT) launch of “Meo Go!” This new service will enable their subscribers to utilize smartphones and tablets for internet access and content, and will include 60 live TV channels as well as video-on-demand. These offerings were previously confined to TVs and PCs. Shares traded down $0.02 (1.75%), they were recently at $1.125.
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