3 Telecom Stocks Seeing Action: T-Mobile’s Latest Report, Verizon Poses Threat to Canadian Telcos, and AT&T Scores a Winner
T-Mobile US (NYSE:TMUS): T-Mobile shares are up over 4 percent as the fourth-largest wireless carrier announces that its revenue increased 27.5 percent. It was aided significantly by the inclusion of MetroPCS results for the months of May and June this year and by higher equipment revenues due to record smartphone sales. The carrier picked up 685,000 contract customers in the second quarter against the consensus of 140,000.
Verizon Wireless (NYSE:VZ): Analysts are concluding that if Verizon were indeed to move into the Canadian wireless market, its presence could pose a “major risk” to the share prices of this country’s three major telecom carriers. Even just the potential threat of Verizon’s residence has wiped 5 billion Canadian dollars off the combined market capitalization of the incumbent three when it was reported that the U.S. telecom giant had tabled an initial $700-million offer for Wind Mobile Canada.
AT&T (NYSE:T): An exceptionally favorable review (“the best Windows Phone device ever made”) for the Nokia (NYSE:NOK) Lumia 1020 is good news for AT&T, which has an exclusive carriage agreement for the new handset. Not surprisingly, the review was centered heavily on the 41 megapixel camera that the Lumia sports, though it does mention that “while Windows Phone does well with fairly low specs, the increased RAM does help with camera and gaming functions.”
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