Vodafone Reduces Prices for Hajj and 4 Telecom Titans Attracting Interest
AT&T, Inc. (NYSE:T) had a press event in New York last night, in which it showcased numerous new devices, and nearly all of possessed both 4G LTE and touch-screen displays. These two features worked well together in the the MiFi Liberate, AT&T’s newest mobile hotspot. The MiFi Liberate was developed by Novatel Wireless, and it is the first 4G LTE mobile hotspot featuring its very own touch-screen display.
Sprint Nextel Corp. (NYSE:S) board members intend to have a special phone meeting at noon today for discussions regarding if the company should bid for MetroPCS (NYSE:PCS), The Wall Street Journal reports, citing those familiar with the matter.
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): Last month, Motorola announced the release of the Droid RAZR HD and Droid RAZR MAXX HD for Verizon. However, it is still unclear when these devices will be in stores, but clues indicate that the launch could be soon, as the Droid RAZR HD screen protectors have begun to show up in Verizon stores, which means it’s possible the device will hit the shelves in a few weeks.
Vodafone Group plc (NASDAQ:VOD): With the Islamic pilgrimage Hajj almost underway, Ghana’s pilgrims will be given a massive 70 percent discount on roaming fees from Vodafone Ghana as it hopes to allow them to keep in contact with their families, the company has confirmed.
Leap Wireless International Inc. (NASDAQ:LEAP) is forced to fend for itself as the combined company of MetroPCS Communications Inc. and T-Mobile USA diminishes takeover prospects for the unprofitable wireless carrier. Leap’s Chief Financial Officer Jerry Elliott stated in August that the company was considering options including a sale since it has lost money every year since 2006. Analysts predict that it will continue to post deficits until 2016, according to data gatherec by Bloomberg, and investors have given little value to the company’s operations, which pushes Leap’s price-sales ratio to 0.15, which is currently the lowest among similar-sized U.S. wireless carriers.
Don’t Miss: Here’s the Next Stop for Nokia’s Lumia.