3 Telecom Stocks Seeing Action: T-Mobile’s Big Push, Telefonica Shows Slight Growth, and Verizon Signs on With the NFL
T-Mobile US (NYSE:TMUS): T-Mobile has added 15 MetroPCS cities under its belt, 13 of which overlap with coverage offered by Leap Wireless (NASDAQ:LEAP), which is in the midst of being acquired by AT&T (NYSE:T). T-Mobile’s expansion is a push to remain competitive after AT&T started offering LTE service to its GoPhone prepaid customers in June. MetroPCS is aiming for the opening of 1,000 new stores this year.
Telefonica (NYSE:TEF): Telefonica experienced a modest gain in revenue over the past year. Thursday’s press release on earnings shows 0.5 percent growth year-over-year from the second quarter of 2012. The company reduced its debt by 10 billion euros, and total users by the end of June reached 317.3 million, an increase of 2 percent. Not everything has been smooth sailing for the company — earlier this month, European Union regulators raided buildings of major European Internet providers on fears the companies may have abused their market position.
Verizon Communications (NYSE:VZ): Verizon and the National Football League have signed on to a $1 billion deal that begins in 2014 and will allow users to view football games on wireless devices. The new terms put a 40 percent premium over Verizon’s current pact with the league and gives Verizon expanded coverage by adding Sunday game broadcasts by Fox (NYSE:FOXA) and CBS (NYSE:CBS).
Investing Insights: Is AT&T Stock Undervalued?