Sprint Nextel Corp. (NYSE:S): Today, the company announced it has begun to offer the iPad mini and the 4G iPad. Sprint offers the iPads with various data plans enabling customers to connect to its 4G LTE network. These data plans are to be offered without a contract, allowing customers to either activate or cancel a plan at any time. Now, limited quantities of the new iPads are available at select Sprint retail locations.
Vodafone Group plc (NASDAQ:VOD): VODAFONE Australia’s boss Bill Morrow stated that he requires “billions of dollars more” from major shareholders as a means to turn the company around, as tries to repair its struggling network to return it to profitability. Yesterday, as he spoke at an American Chamber of Commerce lunch in Sydney, Mr Morrow reiterated his requests for regulatory intervention in the mobile industry as a way curb Telstra’s dominance, and he questioned whether or not there were enough profits to sustain three main players. Morrow stated, “I’m asking these shareholders who have put billions of dollars into Australia, I’m asking them for a lot more, billions more. To justify that I need to give them a return on their investment.”
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Leap Wireless International Inc. (NASDAQ:LEAP) announced management changes highlighting its commitment to improved business execution, and these changes will hopefully accelerate operational improvements along with enabling management to direct Leap’s long-term strategy in the midst of a industry transition. Jerry Elliott became part of the company earlier in the year, and he is expected to bring impressive operational experience to his new role as president and chief operating officer, which is effective immediately. Mr. Elliott is to is to be responsible for daily operational management for the company’s field operations, customer operations, and supply chain functions. This new role requires that Mr. Elliott continue reporting to S. Douglas Hutcheson, the company’s chief executive officer. Furthermore, Perley McBride was appointed as executive vice president and chief financial officer, as he replaced Mr. Elliott in the role, and will likely begin with the Leap on December 10, 2012. Anne Liu, who is the company’s previous vice president and controller was appointed as the company’s senior vice president and chief accounting officer, which is to be effective immediately.
MetroPCS Communications, Inc. (NYSE:PCS) will likely file a proxy on its sale to Deutsche Telekom’s (DTEGY) T-Mobile USA to the SEC in the next few days, according to the Wall Street Journal. The document is expected to include background concerning the deal and financial projections of the combined company.
Clearwire Corporation (NASDAQ:CLWR) options contracts reached a new 90-day record for its call contracts, and 11,758 call contracts were traded during the busy trading session. This contract spread showed a 0.96 put/call ratio as 1.0 call contracts were traded for each put contract. This skewed options ratio indicates that traders have begun to re-balance their portfolios as they brace for a price shift. The unusual volume is a reflection of investor outlook, and it confirms that a stock move will occur. It is necessary for Clearwire to keep investing heavily in its networks to continue to be competitive. Also, Sprint has begun to construct a next-generation network of its own, as it provided an option transfer from Clearwire in the future.
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