Clearwire Shareholders Demand Higher Offer and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): Current Price: $33.74
According to Reports that have surfaced, AT&T is considering making an acquisition in Europe. It is possible that the company is considering the purchase of Dutch carrier KPN or UK carrier Everything Everywhere in hopes to offset slowing growth within the U.S. The chatter regarding a potential AT&T buyout of Dutch provider KPN cause the Dutch wireless carrier’s shares to rise 3.8 percent, closing at 4.40 euro, which is a five-week high. AT&T and KPN have not made any official comment concerning these rumors.
Sprint Nextel Corp. (NYSE:S): Current Price: $5.63
Today, Sprint confirmed that its fans will have a direct impact on various competition elements of the newly titled The Sprint Unlimited At Daytona, which is the 75-lap non-points race beginning the NASCAR Sprint Cup Series season on Saturday, February 16 at 8 p.m. EST, on Fox. This will be located at at Daytona International Speedway, and fans have been invited to design the race by casting votes on the amount of laps in each segment, the type of pit stop a team makes after the first segment, how many cars will be eliminated after the second segment, and which fire suit Miss Sprint Cup will wear in Victory Lane after the final segment.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.
Verizon Communications Inc. (NYSE:VZ): Current Price: $42.69
Hurricane Sandy’s impact and pension costs caused the company’s quarterly earnings to decline. On Tuesday, Verizon reported a Q4 loss totaling $4.22 billion, or $1.48 a share, which is over double the loss a year ago. Damages from Hurricane Sandy had a cost of about 7 cents a share, and pension charges reduced earnings by $1.55 a share, according to Verizon. The company saw its revenue increase to $30.05 billion, which is a 5.7 percent increase over a year ago.
Vodafone Group plc (NASDAQ:VOD): Current Price: $25.99
On Sunday, Vodafone Egypt increased the prices of its prepaid mobile credit cards by 15 per cent, which infuriated some customers. A few retailers took advantage of the situation by increasing the prices of all prepaid mobile cards, which includes those of the two other mobile operators of the country, Mobinil and Etisalat.
Clearwire Corporation (NASDAQ:CLWR): Current Price: $3.20
Clearwire investors holding 29 percent of the outstanding minority shares are disappointed with Sprint’s (NYSE:S) $2.2 billion bid and want a higher offer, according to Reuters. Sprint holds more than a 50 percent stake in Clearwire, but the deal must gain the approval from holders of just over 50 percent of the minority shares. The investors usually say that Clearwire is worth over $2.97 per share due to its valuable wireless spectrum that would be important for Sprint.
Don’t Miss: Is the iPhone Holding Verizon Back?