Sprint on Track to Return to Black and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): The United States Supreme Court has refused to overturn legal immunity for telecom carriers that allegedly participated with a U.S. National Security Agency surveillance program during the last decade. The Supreme Court, without comment, decided not to review a December 2011 appeals court decision that upheld legal immunity for AT&T, Inc. in their effort to assist the NSA in monitoring telephone calls and Internet communications following the Sept. 11, 2001 terrorist attacks.
Sprint Nextel Corp. (NYSE:S): Sprint Nextel Corp.’s Chief Executive Officer Dan Hesse, who took over in December 2007, has worked to fix the mess he was handed after Sprint’s $36 billion acquisition of Nextel in 2005 failed, causing 3.1 million subscribers to leave the carrier. Now he says that Sprint is on track to return to the black in 2014. Wall Street has shown increasing faith. Sprint shares are up more than 122% this year, but Hesse is quick to qualify his optimism. I tell the team here, “You’re not going to see any mission accomplished signs anywhere on this campus.” Bloomberg Business Week reported, that this is a long process.
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Verizon Communications Inc. (NYSE:VZ): Nicola Palmer, Vice President of Network and Chief Technical Officer for Verizon Wireless (VZ, VOD), told CNet that the company is planning to launch voice over LTE services by late 2013 or early 2014. She said that consumer trials will begin in late 2013, with service likely to follow in the subsequent year.
Vodafone Group plc. (NASDAQ:VOD): Telecom major Vodafone Group plc. India said that they will accept Aadhaar cards as valid proof of identity and address for issuing new connections in Andhra Pradesh. The company is now the official Authentication Service Agency (NYSE:ASA) and Authentication User Agency (AUA) of Unique Identification Authority of India (UIDAI) and is all set to issue new connections in Andhra Pradesh using just the Aadhaar letters as per the Department of Telecom’s (DoT) directive.
MetroPCS Communications, Inc. (NYSE:PCS): According to a Securities and Exchange Commission (SEC) filing Tuesday, the combined MetroPCS Communications, Inc. and T-Mobile USA might abandon MetroPCS’s plans to support voice over LTE (VoLTE). The filing, a PowerPoint presentation by T-Mobile Chief Technical Officer Neville Ray, seemed to indicate that VoLTE handset users would be migrated to plain old LTE handsets.
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