3 Telecom Stocks Seeing Action: Verizon’s Edge Goes Live, AT&T Beefs Up U-Verse, and Sprint Readies BB10
Verizon Wireless (NYSE:VZ): New details have been revealed about Verizon Edge, the “upgrade-often, month-to-month plan” that went live on Sunday. The program is expected for unlimited data customers as well, but Kellex at Droid Life found that “unlimited data no longer exists and that in order to participate, [the user would] have to go with a Verizon Max option.” In simpler words, “you cannot keep unlimited data and use an Edge plan.”
AT&T (NYSE:T): After losing 61,000 broadband customers during the second quarter of this year, AT&T is launching a faster version of its U-verse service to help slow the bleed and fend off competition from cable companies. AT&T will be implementing a new, 45 Mbps U-Verse broadband service in 40 new markets and eventually wants to offer U-verse at speeds of up to 100 Mbps, Gigaom reports. On its own, the new U-Verse will cost around $76 per month.
Sprint Corp. (NYSE:S): In what will likely benefit both companies, Sprint will be making the BlackBerry (NASDAQ:BBRY) Q10 QWERTY-keyboard equipped smartphone available on its network starting August 30, for $199.99 before taxes. As per all Sprint phones, users can take advantage of the telecom’s unlimited data packages.