3 Telecom Stocks Seeing Action: AT&T Gets Sued by Al Jazeera, Verzion Launches New Droids, and T-Mobile Supports New Mobile Wallet
AT&T (NYSE:T): AT&T has been sued by news network Al Jazeera over its refusal to to carry the Qatar-based broadcaster’s new U.S. cable news channel as part of its pay-television service, Bloomberg reports. AT&T is violating an agreement with Al Jazeera’s U.S. unit by refusing to broadcast the channel, according to a court filing.
Verizon (NYSE:VZ): Verizon rolled out its two newest Droid phones Wednesday: the Motorola Droid MAXX and the Motorola Droid Ultra. The Droid MAXX comes with a substantially larger battery than its counterpart and sports twice the internal storage capacity at 32GB. The differences have warranted a price gap between the phones, with the MAXX costing $100 more than the Ultra.
T-Mobile US (NYSE:TMUS): T-Mobile is rolling out new SIM cards for phones that are compatible with the new mobile wallet app ISIS. The app allows users to store credit cards and rewards card information and simply use the phone as a card, swiping it across terminals as one would a credit card. Currently, ISIS only works with some cards, including Capital One, American Express, and Chase Freedom credit cards.