3 Telecom Stocks Seeing Action: T-Mobile Offers No Money Down, AT&T Gets a Stadium, and Verizon Asks for a Presidential Veto
T-Mobile US (NYSE:TMUS): T-Mobile is stepping up its game against the nation’s larger carriers by now offering no money down on all phones, including the popular iPhone. The promotion begins Saturday, and rather than paying up front, the cost of the phone will instead be added to your bill in monthly installments. Venturebeat notes that the iPhone 5 and Galaxy Note II will cost an extra $27 per month, while most other top phones range from $5 to $25 per month.
AT&T (NYSE:T): AT&T has added a stadium to its list of assets after winning the naming rights for Cowboys Stadium in Dallas, which will be re-dubbed AT&T Stadium. The financial terms were undisclosed (it’s reportedly less than the $20 million owner Jerry Jones was hoping for), though the renaming is expected to take place immediately.
Verizon (NYSE:VZ): Verizon has called on President Barack Obama to intervene in an ITC ruling that would see the banning of Apple’s (NASDAQ:AAPL) importing of older AT&T-based models of the iPhone and iPad after finding that those products infringed upon a Samsung (SSNLF.PK) patent. Verizon lawyer Randal Milch wrote an open letter that called on Obama — and his veto power — to overturn the ruling, as the iPhone 4 is still a strong seller for the company.