MetroPCS, AT&T Face Infringement Suit and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): Current Price: $34.35
According to the company, it intends to expand fiber network as a means to reach 1 million more business customer locations by the end of 2015. Furthermore, the company hopes to expand wireline IP network to 57 million customer locations, which would cover 75 percent of customer locations in wireline service area by the end of 2015.
Sprint Nextel Corp. (NYSE:S): Current Price: $5.87
The company has been hedging a bet that FM is not over. Today, the Now Network announced that some Android and Windows Phone devices could possibly debut during year with support for terrestrial radio stations. The move will differentiate for Sprint, the first US carrier to make this type of initiative. As of now, these smartphones will likely include the NextRadio tuner app.
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: $43.oo
It is possible that Verizon Wireless is testing an inexpensive, LTE-only tablet with an unusual MIPS based processor, the CEO of processor manufacturer Ingenics claims.
Vodafone Group plc (NASDAQ:VOD): Current Price: $26.41
Executives at top European telecom companies, which includes Vodafone, Deutsche Telekom (DTEGY), France Telecom (NYSE:FTE), Telecom Italia (NYSE:TI), and Telefonica (NYSE:TEF), privately met with EU competition chief Joaqun Almunia and left considering the idea of creating a pan-European telecom infrastructure network, when considering the frustrations that the region’s disjointed market harmed the ability to compete, Financial Times reports, citing sources close to the talks.
MetroPCS Communications, Inc. (NYSE:PCS): Current Price: $9.46
Steelhead Licensing LLC has filed a patent infringement lawsuit against 13 phone makers and wireless service providers, which includes AT&T Inc. (NYSE: T), MetroPCS, and Research in Motion. Steelhead argues that in the lawsuit that the companies infringed upon a patent on 3G and 4G technology determining the time that the devices are able switch cells in a mobile network, shows a report in IT World Canada. The lawsuit has been filed via a U.S. District Court in Delaware.
Don’t Miss: Could 4K Be the Next HD?