Clearwire Discusses Severance and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): Current Price: $34.01
AT&T has reported a slight rise in its revenue along with a reduced net loss for Q4, which is mostly accounted for through smartphone and broadband sales. On Thursday, the company reported $32.6 billion in revenue for the three months that ended on December 31, which has risen from 0.2 percent from the same quarter in 2011. AT&T’s net loss for the quarter totaled $3.9 billion, which is a 42 percent improvement from the $6.7 billion net loss the previous year.
Verizon Communications Inc. (NYSE:VZ): Current Price: $42.73
On Thursday, the first of nine e-waste recycling rallies hosted by Verizon Wireless across the country was held at the company’s facility located in Temple Terrace, Florida, claims a Verizon press release. Last year, Verizon collected over 531,000 pounds of e-waste that was recycled, instead of going to landfills. Verizon’s recycling rallies operate with a zero-landfill goal, which indicates that all the materials that are collected will either be reused or recycled, according to the statement.
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Vodafone Group plc (NASDAQ:VOD): Current Price: $26.93
By leveraging existing fiber infrastructure that is owned by Vodafone spanning parts of lower Germany, Huawei successfully demonstrated two record-breaking, 200G transmissions. One spanned 1,500km and the other 3,325km over an “ultra-long-haul solution.” Which should create perspective concerning the type of data haul these types of theoretical networks are able to achieve, and Huawei has stated that this ultra-fast connection is “equivalent to downloading 40 HD videos in one second.”
Alcatel-Lucent, S.A. (NYSE:ALU): Current Price: $1.74
Investor demand for riskier assets continues to increase, and it has allowed struggling French telecoms equipment maker Alcatel-Lucent to raise its refinancing by nearly $550 million to $2.65 billion and loosen its financial covenants, which will provide a boost to the loss-making company’s turnaround efforts. Investors are pouring money into higher-yielding, more risky leveraged loans and the wider financial markets return to stability as well as a lack of investment opportunities in many other asset classes resulting from the sluggish economic outlook.
Clearwire Corporation (NASDAQ:CLWR): Current Price: $3.29
Sprint Nextel Corp.’s $2.2 billion acquisition of Clearwire Corp. has not yet been finalized, but Clearwire employees are set to attend retention and severance meetings next week. Beginning on Monday, Clearwire employees are slated to meet individually with human resources representatives in order to discuss possible bonuses, cash payments, and severance possibilities that are to begin if the Sprint (NYSE: S) transaction closes, according to a note that was given to workers and included in a Securities and Exchange Commission filing.
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