3 Telecom Stocks Seeing Action: Vodafone’s Verizon Deal, AT&T’s Aio Services, Sprint’s Latest Move

Vodafone (NASDAQ:VOD): Vodafone stands to acquire a large amount of cash — possibly as much as $130 billion — from a sale of its nearly 50 percent stake in Verizon Wireless (NYSE:VZ). Some investors think that the best use of the money is to pay back a large dividend to shareholders, while others feel the money is better spent in investing in the company’s infrastructure. With Vodafone’s recent acquisitions of companies in the cable business in Europe, it may be making a move to offer bundles of services to customers across the continent.

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AT&T (NYSE:T): AT&T is intending to roll out its contract-free Aio Wireless service nationally next month after its pilot run in 11 major markets, mostly in Florida. Its plans vary from $40 to $70 per month. Although AT&T already operates the GoPhone brand, AllThingsD notes that “with Aio, [AT&T] is aiming to establish a more fully separate brand identity.”

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Sprint (NYSE:S): Sprint is making its latest move to catch up to Verizon and AT&T by rolling out its Clearwire 2.5 GHz spectrum. This LTE network should be able to cover more areas of the country with greater speed, including high-traffic areas like major cities. Sprint will continue to expand by adding other sites, projecting that it will be spending more than $5 million in each of the next five years in developing its network coverage.

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Don’t Miss: AT&T Keeps Magenta, Expands Aio Nationwide.

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