3 Telecom Stocks Seeing Action: Former Verizon Exec Takes Up at Vimpelcom, T-Mobile’s 3 New LGs, and AT&T Brings New LTE Markets
Verizon Wireless (NYSE:VZ): A former Verizon Wireless finance executive has joined up with Vimpelcom, Russia’s third-largest mobile carrier, to help it cut down its $23 billion in debt. Andrew Davies, formerly the chief financial officer at Verizon Wireless, left the company in June to become Vodafone’s (NASDAQ:VOD) financial representative at the joint venture.
T-Mobile US (NYSE:TMUS): T-Mobile is strengthening its smartphone lineup with the additions of three new LG phones, including the G2, which was announced Wednesday. The latter features a sizable 5.2-inch display, 13-megapixel camera, and unusual back-panel controls, CNET reports. T-Mobile will also be carrying Optimus F6 and Optimus F3, which are smaller phones with 4.5-inch and 4-inch displays, respectively.
AT&T (NYSE:T): AT&T has reinforced its LTE market by adding 28 locations, bringing its grand market total to 359. Wednesday’s rollout includes several new markets, including Stockton, California; Topeka, Kansas; and Laredo, Texas, while the company has also expanded its coverage across San Francisco, Los Angeles, Seattle, and Milwaukee, among other areas.