3 Telecom Stocks Seeing Action: AT&T’s Low-End Data Plans, Verizon’s Ad Response, and T-Mobile’s Jump Spawns a Trend
AT&T (NYSE:T): AT&T has released a new line of low-end shared data plans just before the release of its second-quarter results on Tuesday. Users can now buy 300-megabyte shared plans, including unlimited voice and text, that cost feature phone users $50 per month and smartphone users $70 per month. To further encourage users to sign up, the company is offering a $200 discount on unsubsidized iPhone 5 purchases, which can normally run about $650 to $850.
Verizon (NYSE:VZ): In response to a jab taken by AT&T about its reliability, Verizon maintains that others have merely “tried to claim reliability,” implying that AT&T’s claims are unfounded via a full-page ad in The Wall Street Journal. The round of attacks is the latest in the ongoing spat over speed and reliability as the two titans of telecom attempt to make headway in the fickle U.S. wireless market.
T-Mobile US (NYSE:TMUS): The fourth-largest carrier’s Jump plan sure has shaken things up in the wireless world, judging by the speed at which T-Mobile’s rivals introduced their own versions of the program. However, a closer look reveals that the plans are no more budget friendly, even though they don’t require service contracts.