Sprint Aims to Expand Mobile Broadband

Today, Sprint Nextel (NYSE:S) introduced several lower-priced mobile broadband plans with the hopes of pushing its data services.

Sprint’s new plans will encompass tablets, mobile hot spot cards, USB cards, and connected laptops (Netbooks), ranging in price from $19.99 to $79.99.

With these plans, the company will push consumers toward either tablets or mobile hot spot purchases, which has seen some modest success on both 3G and 4G networks. The tablets will come with a few plans: $19.99 per month (1 gigabyte of data), $34.99 (3 gigabytes), $49.99 (6 gigabytes), and $79.99 (12 gigabytes).

Previously, Sprint’s only options consisted of a $59.99 plan for 5 gigabytes and $89.99 for 10 gigabytes.

The data plan has both its 3G network and 4G WiMax network, which is run by Clearwire (NASDAQ:CLWR).

How does this compare to Sprint’s competitors? Verizon Communications (NYSE:VZ) and AT&T (NYSE:T) offer $50 plans for 5 gigabytes of data while Verizon offers a second $80 plan for 10 gigabytes.

With the $49.99 plan, Sprint customers will be able to view approximately 6,700 more Web pages, 2,000 additional photos and 67 extra YouTube videos each month. It competitors have experienced a greater adoption of connected devices thanks to Apple Inc.’s (NASDAQ:AAPL) iPad, a product that Sprint doesn’t currently offer.

Here’s how these stocks are trading on the news:

  • Sprint Nextel Corp. (NYSE:S): The shares recently traded at $2.86, down $0.05, or 1.72%. Its market capitalization is $8.57 billion. They have traded in a 52-week range of $2.85 to $5.35. Volume today was 25,904,415 shares versus a 3-month average volume of 63,960,000 shares. The company’s trailing earnings are $-0.84 per share. About the company: Sprint Nextel Corporation offers a range of wireless and wireline communications services to consumer, business, and government customers. The Company develops, engineers, and deploys various technologies, including two wireless networks offering mobile data services, instant national and international push-to-talk capabilities, and a global Tier 1 Internet backbone. Get the most recent company news and stock data here >>
  • Clearwire Corporation (NASDAQ:CLWR): The shares recently traded at $1.84, down $0.09, or 4.66%. Its market capitalization is $459.46 million. They have traded in a 52-week range of $1.24 to $7.37. Volume today was 3,465,790 shares versus a 3-month average volume of 7,906,930 shares. The company’s trailing earnings are $-17.67 per share. About the company: Clearwire Corporation provides wireless broadband services. The Company operates a wireless network in the United States as well as other countries. Get the most recent company news and stock data here >>
  • Verizon Communications Inc. (NYSE:VZ): The shares recently traded at $37.00, down $0.52, or 1.39%. Its market capitalization is $104.75 billion. They have traded in a 52-week range of $31.60 to $38.95. Volume today was 16,844,939 shares versus a 3-month average volume of 16,782,200 shares. The company’s trailing P/E is 14.88, while trailing earnings are $2.49 per share. The company pays a dividend of $2.00 per share for a dividend yield of 5.30%. About the company: Verizon Communications Inc. is an integrated telecommunications company that provides wire line voice and data services, wireless services, Internet services, and published directory information. The Company also provides network services for the federal government including business phone lines, data services, telecommunications equipment and payphones. Get the most recent company news and stock data here >>
  • AT&T, Inc. (NYSE:T): The shares recently traded at $29.19, down $0.23, or 0.78%. Its market capitalization is $172.98 billion. They have traded in a 52-week range of $27.20 to $31.94. Volume today was 21,908,315 shares versus a 3-month average volume of 31,326,700 shares. The company’s trailing P/E is 14.81, while trailing earnings are $1.97 per share. The company pays a dividend of $1.72 per share for a dividend yield of 5.80%. About the company: AT&T Inc. is a communications holding company. The Company, through its subsidiaries and affiliates, provides local and long-distance phone service, wireless and data communications, Internet access and messaging, IP-based and satellite television, security services, telecommunications equipment, and directory advertising and publishing. Get the most recent company news and stock data here >>
  • Apple Inc. (NASDAQ:AAPL): The shares recently traded at $379.26, down $5.36, or 1.39%. Its market capitalization is $352.49 billion. They have traded in a 52-week range of $297.76 to $426.70. Volume today was 15,451,415 shares versus a 3-month average volume of 20,651,000 shares. The company’s trailing P/E is 13.70, while trailing earnings are $27.68 per share. About the company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers. Get the most recent company news and stock data here >>

Investing Insights: Amazon Shares Climb Higher While Apple Struggles.

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