3 Telecom Stocks Seeing Action: Verizon’s Canadian Strategy Switch, AT&T Takes Another JD Trophy, and Sprint Gets a Red One
Verizon Wireless (NYSE:VZ): Verizon has reportedly decided to delay making bids for smaller Canadian local carriers Wind and Moblicity, according to sources which indicated that the carrier was waiting until after a January spectrum auction was completed. The Globe and Mail writes that Verizon ”will focus on deciding whether to participate” in the auction, while the strategy could be signaling that the carrier is having second thoughts about expanding north, or might simply be trying to secure itself more favorable terms.
AT&T (NYSE:T): AT&T has secured the top scores in a J.D. Power consumer poll, this time taking the consumer purchase experience poll. It can put that trophy next to the customer service one that it stole from Verizon earlier this year. This time, AT&T took the honors from Sprint (NYSE:S), which held the purchase experience award last — however, there were some unusual circumstances that likely contributed, namely Sprint shutting down the Nextel iDEN network, Gigaom explains.
Sprint (NYSE:S): While it seems that the larger networks (notably AT&T) have been nailing all the exclusive deals recently, Sprint has scored one for itself: the third largest U.S. wireless network will be the only carrier to offer HTC’s One smartphone in a vibrant red color. The phone has the same internals as the black and silver variants. Sprint will also offer the HTC One in a buy-one-get-one-free deal. The promotion, which runs from August 16 through 30, works for any hue of the handset, CNET says.