3 Telecom Stocks Seeing Action: T-Mobile Seeks Spectrum, Verizon’s Superstores, AT&T Faces a Request
T-Mobile US, Inc. (NYSE:TMUS): Shortly after news broke that T-Mobile may go after a block of Verizon’s spectrum, Verizon CFO Fran Shammo has confirmed that the Big Red is willing to sell its unused A Block spectrum assets. However, Shammo warns – perhaps as a negotiating tactic, Seeking Alpha notes — that Verizon is willing to deploy the spectrum itself if it doesn’t received a fair offer. The spectrum in question sits on the 700MHz band, which is well-suited for low-density areas where range is more important than bandwidth, SA points out.
Verizon Communciations (NYSE:VZ): Verizon has announced the creation of a series of superstores in major cities across the nation, where customers can explore just what they can do with their Verizon devices. The stores are designed to boost awareness of features and to turn the experience of smartphone shopping into something both entertaining and interactive. The first location is in the Mall of America in Minneapolis, while the next site to debut will be in Chicago.
AT&T (NYSE:T): AT&T is facing a request from several groups of its largest shareholders to produce information on just how the company is collaborating with government organizations such as the National Security Agency. The groups have called on AT&T to produce a semi-annual report in which the company would detail what sorts of information have been requested and divulged to the government. Verizon is also facing a similar set of requests.
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