3 Telecom Stocks Seeing Action: Verizon to Launch New Data Program, T-Mobile Unlikely to Merge, and AT&T Makes Some Moto X’s
Verizon (NYSE:VZ): The company plans on rolling out a new service called Verizon Max that will allow users to purchase different data options as a part of participating in Verizon Edge, which allows users to upgrade phones more often than they normally are allowed. Edge prevents customers from having access to unlimited data while upgrading more frequently, and Max is designed to help alleviate that problem.
T-Mobile US (NYSE:TMUS): A merger with competitor Sprint (NYSE:S) is now less likely after the company has posted improving sales figures and Sprint has invested heavily in its 4G network. The improved performance of both companies has moved talk away from them merging, as the likelihood regulators would allow such a deal is less than ideal. Craig Moffett of Moffett Research told Investors.com: ”Sprint’s capital spending is soaring and T-Mobile is undercutting everyone else’s pricing. Why would [regulators] do anything to compromise that? The view in Washington is, ‘If it ain’t broke, don’t fix it.’”
AT&T (NYSE:T): The Moto X and its innovative new Motomaker rolled out in AT&T stores Friday – a combination that allows customers to totally customize their purchases by choosing the colors of the phone as well as other features. However, ordering the phone in a custom color is a bit convoluted, as arstechnica notes that customers will have to go buy a Moto X card from a store, enter the number on the card into Motomaker and then purchase it online.