Sprint BEHIND in LTE and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T) set a sales record with Apple’s (NASDAQ:AAPL) iPhone 5 over the weekend. This was the fastest-selling iPhone ever offered. According to AT&T, customers ordered more iPhones from them than any model both on its first day of preorders and over the weekend. The shares traded up $0.26 (0.70%) recently at $37.52.
Sprint Nextel Corp. (NYSE:S) lags by more than a year in the development of its LTE network, while more devices attempt to make 4G standard issue. Additionally, Sprint has been losing customers during its slow Nextel divestment for the establishment of LTE as it adds fewer customers than its peers. The main competitors of the company are the major US telecoms, AT&T (T) and Verizon (VZ). The company also faces competition from companies like Nokia (NYSE:NOK) and Research in Motion (NASDAQ:RIMM), which both possess similar stock prices to Sprint as they attempt to make a rebound in the 2013 market. The shares traded up $0.02 (0.38%) recently at $5.28.
Leap Wireless International Inc. (NASDAQ:LEAP) intends to begin offering the iPhone 5 beginning on Sept. 28 for customers using its Cricket branded mobile service. The shares traded up $0.17 (2.83%) recently at $6.24.
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