3 Telecom Stocks Seeing Action: Sprint Needs More from Dish, T-Mobile’s Busy Quarter, and Verizon’s Need For More Operating Systems
Sprint (NYSE:S): While the company is still weighing Dish Network’s (NASDAQ:DISH) offer of $25.5 billion, the carrier has prodded the company for more details, as it is reportedly not blown away by the bid that Dish put in. The board is concerned over Dish’s ability to acquire the necessary financing amounting to some $9.3 billion, and has expressed skepticism about Dish’s $11 billion cost savings estimate, as Sprint thinks staff overlap would be limited.
T-Mobile (NYSE:TMUS): T-Mobile put the finishing touches on a busy quarter by announcing that it has moved 500,000 iPhones since its launch in mid-April. The carrier added 3,000 net branded customers, and added 202,000 prepaid users, but lost 199,000 in postpaid subscribers. T-Mobile’s EBITDA od $1.2 billion was a 12.5 percent increase over the previous quarter, but a 7.5 percent decline over the same quarter last year. Meanwhile, the company solidified its acquisition of MetroPCS, and launched its new NYSE ticker on May 1.
Verizon (NYSE:VZ): Verizon’s CEO Dan Mead came forth on Wednesday, stating he believes there is more than enough room for more than two dominant operating systems, and that the BlackBerry (NASDAQ:BBRY) and Windows (NASDAQ:MSFT) mobile OS play a crucial role in the market. ”Three to four operating systems is good for the industry and good for us.” Currently, Verizon does not carry any Windows 8-equipped devices, but it does carry the BlackBerry Z10 — with plans to add the Nokia (NYSE:NOK) Lumia 928, and potentially the BlackBerry Q10.
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