3 Telecom Stocks Seeing Action: T-Mobile’s Phase III, Softbank Ups Sprint Stake, AT&T and the S 3 Mini
T-Mobile US (NYSE:TMUS): Much anticipation has been built up around T-Mobile’s Uncarrier Phase III announcement, and many are expecting it to revolve around a family plan — or plans — of sorts. “T-Mobile is having the most success with single-line customers, who clearly get a better value for their money than being customers of Verizon or AT&T,” Nomura analyst Adam Ilkowitz said. “The third ‘uncarrier’ event from T-Mobile could focus on data plans for tablets or easing family plan transitions.”
Sprint Corp. (NYSE:S): A recent filing with securities regulators indicates that Softbank has upped its stake in Sprint to 80.5 percent, up from the 78 percent stake it picked up earlier this year for $21.6 billion through purchases of stock. The most recent purchases come through Galaxy Investment Holdings Inc., which Softbank is the parent of. The unit bought 74.56 million shares during August and the first 16 days of September for $498.5 million.
AT&T (NYSE:T): In a somewhat odd maneuver, AT&T announced that it will begin carrying the Samsung Galaxy S 3 mini on September 27 — it’s a smaller version of it’s older-generation smartphone. Why the company would choose to release the phone when the S 4 mini is already in the market wasn’t discussed, but the phone can be bought for 99 cents. It features a 4-inch WVGA display, 1GB of RAM, a 1.2GHz dual-core processor, 16GB of internal storage, a 5-megapixel rear camera, microSD card slot, 1,500mAh battery, Android 4.2, NFC, and 4G LTE.