3 Telecom Stocks Seeing Action: AT&T to Sell Towers, Sprint Expands LTE, T-Mobile Fights Back
AT&T (NYSE:T): AT&T is looking to sell $5 billion worth of cellular towers on the market. This would allow the company to focus on other operations, such as European expansions or a potential stock buyback, while simultaneously raising much-needed cash on the company’s balance sheet. The cellular tower sector has been increasingly dominated by fewer and fewer companies as network providers seek to unload towers and then rent or contract their use back rather than to maintain ownership of the towers themselves.
Sprint (NYSE:S): Sprint has added 34 LTE markets to its network, bringing its total to 185. Even though this is still well behind some of the numbers of its competitors, it represents a shift in Sprint’s attention toward its infrastructure and its network rather than on business deals such as those between Sprint, Clearwire, and SoftBank.
T-Mobile US (NYSE:TMUS): T-Mobile CEO John Legere responded to claims that his company’s advertisements have presented factually incorrect attacks on industry rivals. He said he has no plans to alter any of the company’s marketing or PR campaigns, and that the accusations, leveled by the National Advertising Division, are unfounded. The telecom industry has been rocked with feuds over statuses such as “most reliable network” and other difficult-to-prove statements about different carriers.
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