3 Telecom Stocks Seeing Action: Verizon-Vodafone Talks Roll On, T-Mobile’s Moto X, Sprint’s Spectrum
Verizon Wireless (NYSE:VZ): Vodafone (NASDAQ:VOD) reported that it is indeed in discussions with Verizon over the sale of the U.K. carrier’s 45 percent stake in Verizon Wireless to the U.S. company, though it warned, “there is no certainty that an agreement will be reached.” The deal, should one materialize, is expected to run in the $130 billion range, and Bloomberg reports that the sides are in advanced talks.
T-Mobile US (NYSE:TMUS): Google’s Motorola unit seems to have produced a winner with the Moto X, which has garnered praise from around the industry. T-Mobile subscribers only have a little bit longer to wait for the cutting-edge handset, as it’s scheduled to drop in T-Mobile outlets in September. No specific date was given, and the Moto Maker customization program won’t be available yet.
Sprint Corp. (NYSE:S): Now that Sprint owns a good block of spectrum belonging to U.S. Cellular in Chicago and St. Louis, the carrier is giving U.S. Cellular users two to five months to switch services before their phones go dead. Some 420,000 subscribers will be affected by Sprint’s actions, while the carrier is offering a number of incentives to lure them over to its CDMA and LTE networks; needless to say, not many are pleased with the turn of events.