3 Telecom Stocks Seeing Action: Verizon’s New Cloud, AT&T’s Aio Lands New iPhones, Vodafone CFO to Depart
Verizon Communications (NYSE:VZ): Verizon property Terremark has launched new computing and storage services under the Verizon Cloud brand, adding to its position as a ranking IaaS player. “Large enterprises, mid-size companies and small development shops will get the agility and economic benefit of a generic public cloud along with the reliability and scale of an enterprise-level service with unprecedented control of performance,” Verizon’s statement read.
AT&T (NYSE:T): Aio Wireless, AT&T’s no-contract carrier, is now offering the iPhone 5S and iPhone 5C. Aio is new to the U.S. market, having launched in May, but that Aio is carrying the iPhone should come as no surprise, since “for years AT&T and Apple have been partners,” CNET notes. Aio has both the 5S and 5C models in stock, and plans are starting at $40. Aio now has 240 stores operating across the U.S. and offers both 4G and LTE coverage.
Vodafone (NASDAQ:VOD): Vodafone’s current CFO, Andy Halford, will step down upon the completion of the company’s sale of its stake in Verizon Wireless for $130 billion in March. Replacing Halford is Nick Read, who currently heads Vodafone’s Africa, Middle East, and Asia Pacific business; the switch will take place in January, according to Vodafone. The sale of Vodafone’s stake in Verizon Wireless is the biggest in the company’s history, and the deal will “win investors another 54 billion pounds,” according to a recent statement.
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