3 Telecom Stocks Seeing Action: Verizon Launches One Signup, AT&T Grows LTE Footprint, and Cooperman Expands Sprint Stake
Verizon Wireless (NYSE:VZ): The signup page for Verizon’s HTC One is up and running, though a ship date for the popular phone has yet to be confirmed. Verizon has been promising the phone for the end of summer, and as the time rapidly approaches, buyers can now put in their email addresses so that they’ll be the first to receive more information as it becomes available, though they cannot actually buy the handset quite yet.
AT&T (NYSE:T): America’s second largest mobile network just got a little bit bigger: Wednesday morning, AT&T initiated six new LTE markets, spanning from parts of Minnesota on south to Ohio. AT&T has been diligently working to fill the weak points in its coverage, and the company is not expected to slow its LTE rollout anytime soon.
Sprint Corp. (NYSE:S): Leon Cooperman of Omega Advisors has taken a liking to Sprint, buying up more shares of the carrier as disclosed in his 13F filing. His Sprint position is now more than 95 million shares, up from the 65 million shares he held previously.