Clearwire POPS 3.4% with 3 Telecom Titans Attracting Interest Now
AT&T, Inc. (NYSE:T): According to electronista, an antitrust lawsuit has been filed by C Spire against AT&T claiming it unfairly uses its market influence as a way to prohibit the small provider from fully using its 700Mhz spectrum. The privately-owned regional wireless provider also claims that AT&T conspired with Motorola (NASDAQ:GOOG) and Qualcomm (NASDAQ:QCOM) to prevent regional carriers from having access to the newest devices. The shares traded up $0.24 (0.71%) recently at $34.1399.
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Verizon Communications Inc. (NYSE:VZ): Verizon Wireless and Samsung have confirmed that the 4G LTE-powered Samsung Galaxy S III is coming to Verizon. Verizon also announced that starting June 6 at 7 a.m. ET, the Samsung Galaxy S III is scheduled to be available for pre-order. Features of the device includes The Galaxy S III a 4.8-inch HD Super AMOLED display and also runs Google’s (NASDAQ:GOOG) Android 4.0 Ice Cream Sandwich. The shares traded up $0.15 (0.37%) recently at $41.18.
Clearwire Corporation (NASDAQ:CLWR): Due to the belief that Clearwire was undervalued at current levels, Crest Financial reported a 7.88% stake in shares of the company. Crest Financial said that it intends to converse with Clearwater to discuss the company’s business and strategies. They also intend to discuss the possibility of adding persons, suggested by Crest Financial, to Clearwire’s board. The shares traded up $0.04 (3.46%) recently at $1.195.
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