Vodafone, Leap Wireless to Sell Newest Apple Devices and 3 Telecom Titans Attract Interest
Sprint Nextel Corp. (NYSE:S): The company said, “The Sprint platform performed well with strong net subscriber additions, record third quarter postpaid and prepaid churn, and robust revenue growth, contributing to an adjusted operating income before depreciation and amortization of $1.28 billion, even as we continue to invest in Network Vision and position the company for future growth. As a result, we expect a 2012 adjusted OIBDA to slightly exceed the high end of the previously stated forecast of between $4.5$4.6 billion. Within that adjusted OIBDA expectation, we continue to anticipate full year consolidated net service revenue growth of 4-6%. Sprint now expects full year capital expenditures of less than $6 billion in 2012, excluding capitalized interest.”
Vodafone Group PLC. (NASDAQ:VOD): Following in the footsteps of their rival, Mobile Network Three, Vodafone Group PLC. revealed that they plan to sell the latest Apple iPads, the iPad Mini and the Fourth Generation iPad. The mobile operator told The Inquirer that they couldn’t give any details concerning the tablets’ pricing or release dates. However, Apple has said that both iPads will go on sale on November 2.
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Leap Wireless International Inc. (NASDAQ:LEAP): Cricket Communications, the subsidiary of San Diego-based Leap Wireless International Inc., that provides flat rate cell phone service, recently began selling the Apple iPhone 5 and iPhone 4S and 4 phones at five locations in San Diego and in nearly sixty other markets. The phones that cost $499 and $399 are being offered at $55 a month without any contract. The service includes unlimited talk, text and data.
MetroPCS Communications, Inc. (NYSE:PCS): MetroPCS Communications, Inc. had their target price raised by TD Securities from $60.00 to $61.00 in a research note issued to investors. The firm currently has a hold rating on their stock.
Clearwire Corporation (NASDAQ:CLWR): When Clearwire Corporation reports their earnings and after their biggest shareholder and customer, Sprint Nextel, expanded their stake in the company, their executives will be under pressure to provide an update concerning their efforts to raise new financing. While Clearwire has a predictable revenue stream, their ability to narrow their loss will depend on cost-cutting efforts.