Vodafone to Receive $4.5B JV Dividend and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): AT&T’s move today comes just over a month after Verizon Wireless made a similar decision to make all of their tablets and netbooks available without a contract. This change comes as a result of AT&T’s decision allowing customers to use their Mobile Share plans for tablet data usage for $10 more per month. This is actually $5 less since users will no longer be paying off subsidies. AT&T’s website has indicated that the costs will be 250MB for $14.99, 3GB for $30, and 5GB for $50.
Sprint Nextel Corp. (NYSE:S): Verizon and AT&T decided not to match Sprint’s $50 price drop on Apple‘s iPhone 4S ahead of the iPhone 5 expected release next month. Rankings also do not count Samsung’s Galaxy S III among top recommendations. Their shares traded down $0.09 (1.64%), they were recently at $5.11.
Verizon Communications Inc. (NYSE:VZ): Verizon Wireless said that there are now 64 companies who have expressed interest in buying their 700 MHz Lower A and B Block spectrum. They plan to sell this once the Federal Communications Commission formally approves their $3.9 billion purchase of AWS spectrum from Leap Wireless (NASDAQ:LEAP) and other cable companies as well as a spectrum swap between Verizon and T-Mobile USA. The Department of Justice has already signaled that they will approve the AWS deal and their attendant commercial agreements. Their shares traded down $0.38 (0.86%), they were recently at $43.68.
Level 3 Communications Inc. (NASDAQ:LVLT): Level 3 Communications Inc. announced that they have added a new, advanced data center facility space in Hayes, West London. The firm has decided to do this in response to the demand by United States based companies seeking to increase their global operations by using Level 3′s international network footprint and service portfolio, as well as to serve more of their enterprise customers. The new facility will better support Level 3′s major fiber routes across the Atlantic as well as their low latency routes to the Chi-X trading platform in Slough. Their shares traded down $0.68 (2.99%), they were recently at $22.10.
Vodafone (NASDAQ:VOD): After United States regulators partly cleared a $3.9 billion deal giving Verizon Wireless greater network access to enable them to meet the growing demand for secure, reliable cloud-based and managed services,Vodafone is set to receive a $4.5 billion (£2.9bn) dividend. Their shares traded up $0.19 (0.64%), they were recently at $29.44.
Don’t Miss: Apple and Samsung Agree To Disagree.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.