Vodafone Gets Fined and 2 Telecom Stocks Seeing Action

MetroPCS Communications (NYSE:PCS): Current price $11.30

There is so far no comment from Deutsche Telekom as to questions regarding whether it will raise an offer by its T-Mobile USA subsidiary for MetroPCS, says The New York Times. In a statement, the German telecom commented, in part, “…Deutsche Telekom continues to believe that its existing agreement with MetroPCS provides compelling value and is in the best interests of MetroPCS stockholders, especially in light of the accelerating turnaround at T-Mobile USA.”

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!