Verizon and Comcast TEAM UP in Michigan and 4 Telecom Titans Ring Interest
AT&T, Inc. (NYSE:T): Broadcasters could show interest in a compromise between SiriusXM Radio (NASDAQ:SIRI) and AT&T allowing AT&T to better use WCS bands through technology similar to LTE, and give the Satellite Digital Audio Radio Service (SDARS) protection. Because the spectrum is becoming more crowded and spectrum use changes, there is increased potential forinterference between services operating on adjacent frequency bands. The shares closed up $0.14 (0.40%) Friday at $35.17.
Sprint Nextel Corp. (NYSE:S): There have been numerous complaints by Sprint Nextel (NYSE:S) subscribers with the Android-powered HTC Evo 4G LTE smartphone regarding an inability to access Google Wallet, whether they were unable to set up a Wallet account on the device or received an alert reading, “Unfortunately, Google Wallet has not yet been certified in your country or on your device/carrier.” The shares closed up $0.11 (3.46%) Friday at $3.29.
Verizon Communications Inc. (NYSE:VZ) is working with Comcast (NASDAQ:CMCSA) to sell each other’s services in Michigan and Metro Detroit. This should assist them with AT&T competition in Michigan. On Thursday, the two companies stated that the business relationship utilizes each company’s strengths by allowing more options for video, phone, Internet, and wireless service. Incentives are offered with the purchase of new packages. The shares closed up $0.62 (1.43%) Friday at $43.95.
Vodafone Group plc (NASDAQ:VOD) has been removed from Goldman’s Conviction Buy list due to the fact Vodafone outperformed its peers because of strong results and guidance both for its own ops and its 45% owned Verizon Wireless. Because of its growth profile and balance sheet, Vodafone remains Goldman’s top pick among Euro telcos. The shares closed up $0.05 (0.16%) Friday at $27.67.
Frontier Communications Corporation (NYSE:FTR) intends to consolidate its operations in the Muskegon area in its downtown local headquarters building by the completion of the year, company officials announced this week. Twenty-five service and repair technicians will be relocated from its building at 2441 Olthoff in Muskegon’s Port City Industrial Park to 860 Terrace, its downtown office building. The shares closed up $0.10 (2.55%) Friday at $4.02.
Don’t Miss: Here’s Why Verizon Can’t Be Beat on 4G.
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