Boost Mobile iPhone Chatter and 4 Telecom Titans Attracting Interest Now
AT&T, Inc. (NYSE:T): According to Bloomberg, AT&T is considering upgrading rural phone lines to better handle higher-speed Internet, which could possibly slow the effort to sell remaining underperforming assets.
Sprint Nextel Corp. (NYSE:S): According to TechnoBuffalo’s “trusted source,” Sprint subsidiary Boost Mobile plans to begin offering Apple’s (NASDAQ:AAPL) iPhone 4 and iPhone 4S, beginning September. Yesterday, Cricket Wireless, a unit of Leap Wireless, announced plans to become the first U.S. prepaid carrier to offer Apple devices.
Verizon Communications Inc. (NYSE:VZ): The company is set to acquire Hughes Telematics (HUTC) for $12 per share in cash, totaling $612M, under a definitive merger agreement Verizon recently announced. This transaction is expected to expand the capabilities of Verizon in automotive and fleet telematics, as well as provide growth in important vertical segments, which include machine-to-machine services which were propelled by customer trends and connected lifestyles.
Leap Wireless International Inc. (NASDAQ:LEAP): Because it believes the subsidy is reasonable and the phone could expand the Leap Wireless’ market, Deutsche Bank sees Leap Wireless’s deal to offer the iPhone as a minor positive, but the firm believes that the high price point will prevent the iPhone from being a game changer for Leap. Deutsche maintains a Hold rating on the stock with an $8 price target.
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