3 Telecom Stocks Seeing Action: Verizon’s Upcoming Results, T-Mobile Calls out AT&T, and Vodafone Wins Kabel Bid
Verizon Wireless (NYSE:VZ):
With the company’s quarterly report and earnings due on Thursday, analysts and observers are speculating as to what will drive the company’s results. Forbes is asserting that the company’s performance will be driven by its lead in the LTE industry, as it has so far helped Verizon overcome a saturated market to post impressive market share gains in the past year, the publication notes. Also eagerly anticipated are hints about where the company’s collective head is at in regards to the Vodafone (NASDAQ:VOD) merger, as it could have profound impacts on the company’s future performance.
T-Mobile USA (NYSE:TMUS):
T-Mobile took a chance to lambast AT&T (NYSE:T) for its Next plan, with the fourth largest carrier saying it is a relative copy of T-Mobile’s recently announced Jump plan. ”What AT&T announced isn’t a strategy; it’s a reaction to our Un-carrier moves,” T-Mobile said in a statement. Though AT&T’s response was to be expected, T-Mobile’s calling out of AT&T wasn’t.
Vodafone Group (NASDAQ:VOD):
Vodafone has an open door to its 9 billion-pound acquisition of Kabel Deutschland, as Liberty Media admitted defeat with chairman John Malone stating that the company would be turning its focus on southern Europe. Last month, Kabel’s board said it would recommend Vodafone’s 87 euro-per-share offer, which values the company at $7.7 billion. The total value of the acquisition will top 9.1 billion pounds, as it includes 2.6 billion pounds in debt. The offer beat Liberty’s by 2 euros per share.