Vodafone Launches New Data Plans and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T): Civil liberties advocates have filed thirty-three lawsuits against U.S. phone companies claiming that they allowed warrantless surveillance, and their day in federal court was cut short again. The U.S Supreme Court refused to hear their case without making a comment. The case, Hepting et al vs. AT&T Corp et al, already had been heard in the U.S. Court of Appeals for the Ninth Circuit in San Francisco. The Court of Appeals upheld a lower court decision that dismissed the claims against AT&T and other phone companies. Tis means that The Supreme Court’s ruling stands.
Sprint Nextel Corp. (NYSE:S): Softbank Corp, which is a Japanese mobile phone carrier, is rumored to be in talks about purchasing over two-thirds of Sprint Nextel, Reuters reports, citing Japanese public broadcaster NHK.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
Verizon Communications Inc. (NYSE:VZ) has continued its quick pace with the growth of their 4G LTE network, which has many wondering when the carrier will decide to end its 3G network and have its users rely only on its 4G LTE. Verizon states that it will end its 2G and 3G networks by 2021.
Vodafone Group plc (NASDAQ:VOD): Vodafone India has announced that it will launch three new unlimited roaming data plans for people who visit Saudi Arabia and Japan. Vodafone launched plans along with with Softbank’s network in Japan and Mobility’s network in Saudi Arabia.
Clearwire Corporation (NASDAQ:CLWR): Softbank has been considering purchasing a 75 percent stake in Sprint (NYSE:S), and continues its interest in acquiring Clearwire, according to CNBC’s David Faber. A deal between the the bank and Sprint possibly will be announced over the next week or two, Faber added. Softbank is interested in Clearwire’s spectrum.
Don’t Miss: Pushy Apple Gets Its Way in Korea.