Vodafone NEARING Agreement with Zain and 4 Telecom Titans Attracting Traders
AT&T, Inc. (NYSE:T): Two years ago, the No. 2 carrier stopped offering unlimited plans to new customers, however, those customers who are already using it can keep it. They also introduced shared data plans this summer. AT&T sometimes slows down speeds drastically once a customer has reached a certain level of usage in a month. The shares traded up $0.40 (1.09%), they were recently at $36.96.
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Sprint Nextel Corp. (NYSE:S): Sprint Nextel Corporation (NYSE:S) moved up 1.99% to $4.88 during mid day trading and their total traded volume was 11.57 million shares. Sprint Nextel is ahead of their 52-week low with 131.43% and their last month price volatility remained 5.45%. Their beta coefficient was 1.11 with a target price of $4.78. Their shares traded up $0.09 (1.88%), they were recently at $4.87.
Verizon Communications Inc. (NYSE:VZ): The United States Court of Appeals for the Federal Circuit has ruled that a district court’s judgment of infringement against Verizon, on ActiveVideo’s ’582 patent, has been reversed. Since the appeals said, “The lower court’s judgment of infringement with respect to other ActiveVideo patents is affirmed,” and because “Verizon, has not argued either before the district court, or on appeal, that a finding of non-infringement of the ’582 patent should result in a reduction of damages,” the court affirmed the damages against Verizon in full. In addition to this, the district court’s grant of summary judgment of invalidity of Verizon’s ’748 patent was vacated. It was remanded for further proceedings and the district court’s entry of a permanent injunction was reversed. Their shares traded up $0.87 (2.05%), they were recently at $43.12.
Vodafone Group PLC (NASDAQ:VOD): According to Bloomberg, Vodafone Group PLC.,(NASDAQ:VOD) is nearing an agreement with Kuwait’s Mobile Telecommunications Co., known as Zain, to expand access to networks across the Middle East. Their shares traded up $0.12 (0.41%), they were recently at $29.30.
Leap Wireless International Inc. (NASDAQ:LEAP): Sprint and Leap Wireless are selling the iPhone at a high price without a contract. However, they plan to offer a service plan that is cheaper than those of AT&T and Verizon. Their shares traded up $0.12 (2.09%), recently at $5.76.
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