3 Telecom Titan Stocks Attracting Interest
AT&T, Inc. (NYSE:T): Within New York City, AT&T plans to re-allocate some bandwidth, or radio frequency, from 2G to its more developed 3G and 4G networks. Tom DeVito, vice president and general manager for the company in New York and new Jersey, said: “Dedicating more capacity to our advanced wireless networks will help more of our customers in New York City have a better experience overall. By re-allocating network resources from our 2G network to support our newer, advanced networks, we’re moving capacity to support the voice and mobile internet services our customers want.”
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Sprint Nextel Corp. (NYSE:S) is canceling its $30 per month plan with 5GB of data ($6 per GB), although clients who presently have this plan will be permitted to maintain it. The company is offering two new plans, including a 2GB of data ($10 per GB) at $20 per month and a 6GB ($8.33 per GB) plan at $50 per month. On top of the new rates, Sprint reports that it will begin assisting customers in tracking their data usage.
Verizon Communications’s (NYSE:VZ) Issuer Default Ratings and debt ratings have been pronounced by Fitch Ratings as follows: Long-term IDR at”A”, senior unsecured debt at “A”, Short-term IDR at “F1”, and Commercial paper at “F1”, with a rating outlook at Stable.
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