3 Telecom Stocks Seeing Action: Verizon Spooks Canada, AT&T Tops Customer Satisfaction Survey, and T-Mobile Partially Shuns Motorola’s New Phone
Verizon Mobile (NYSE:VZ): Verizon is terrifying Canadian telecom companies with its plans to dive into the market there, potentially through a takeover of several startups, one of which is Russian owned. The head of Canadian Bell, George Cope, has published an open letter to Canadians warning about the hazards of the situation, and told his country that “we would like to ensure Canadians clearly understand a critical situation impacting their world-leading wireless industry.”
AT&T (NYSE:T): AT&T grabbed the top spot in J.D. Power and Associates’s 2013 wireless customer care survey. The company received an aggregate score of 795 out of 1,000, continuing a larger trend of wireless satisfaction climbing to increasingly higher levels since 2009.
T-Mobile US (NYSE:TMUS): T-Mobile seems less enthused than its competitors over carrying Motorola’s new Moto X, opting only to offer the phone online through Motorola’s website. AT&T, Verizon, and Sprint (NYSE:S) have all elected to sell the phone in-store. In a statement, the company stayed mum on the decision, saying, “the Moto X is compatible with T-Mobile’s network; however, we have no further announcements at this time.”