Verizon to Offer Square Readers and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): Current Price: $34.90
AT&T was able to give $3 million to fund the festivities surrounding President Obama’s swearing-in ceremony two weeks ago, one of the largest contributions in history to a presidential inauguration. According to a report filed to Congress on Wednesday night, the company spent $3.4 million on lobbying during the last three months of the year, covering everything from sales of wireless spectrum, intellectual property protections and broadband affordability, among hundreds of other issues.
Sprint Nextel Corp. (NYSE:S): Current Price: $5.64
Sprint will support a Tel Aviv accelerator intending to assist in the developments in the next generation of mobile technology. Sprint has been collaborating with the Israel Mobile & Media Association on the lab specializing in LTE, which is generally marketed as “4G”. According to the network operator, it will not drive what developers and startups do in the lab, but it will assist them in accelerating their time to market.
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Verizon Communications Inc. (NYSE:VZ): Current Price: $43.69
Today, the company became the most recent company to sell Square’s credit card reader, giving business owners another way to obtain the mobile gadget for credit card processing. The carrier intends to offer the Square Card Reader at its stores countrywide for $9.97 with a $10 rebate to a Square account. After a user plugs the reader into the headphone jack of a smartphone or tablet, users are able to swipe credit cards through the device to be read and processed.
Vodafone Group plc (NASDAQ:VOD): Current Price: $27.37
Telenor (TELNY) and Vodafone Group continue to have reservations regarding their participation in a March auction of telecommunications bandwidth in India, according to the Wall Street Journal. The government made the decision to cut the base price for the auction in some service areas by 30 percent as a means to attract bidders in the next round.
Clearwire Corporation (NASDAQ:CLWR): Current Price: $3.19
The company has intentions to match Sprint Nextel Corp.’s proposed offer in an employee retention stock plan if the pending acquisition closes. According to Clearwire, it would settle employee-owned stock for $2.97 per share in cash.
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