3 Telecom Stocks Seeing Action: Verizon in Court, AT&T’s Pac-12 Deal, Cheaper iPhone is T-Mobile’s Gain
Verizon Communications (NYSE:VZ): Verizon and the Federal Communications Commission are scheduled to make oral arguments in a U.S. Court of Appeals on Monday over whether the company should be allowed to manage its network as it wishes. The results of the arguments will likely have resounding repercussions for the industry as a whole.
Verizon is fighting for the ability to charge fees to content providers so that their data is delivered to customers through an express lane. The FCC, in the meantime, is arguing that Internet service providers should keep the channels as open as possible so that all suppliers of legal content have an equal ability to send their products over the Web, Seeking Alpha reports.
AT&T (NYSE:T): AT&T entered into a deal with the Pac-12 conference to gain broadcast rights to the conference’s sporting events, which AT&T will do by debuting three networks devoted to the conference through its U-verse service. In exchange, AT&T will be providing wireless internet services for Pac-12 schools and the company will also gain exclusive marketing rights during broadcasts of Pac-12 events.
T-Mobile (NYSE:TMUS): Apple’s (NASDAQ:AAPL) release of a cheaper version of the iPhone 5 tomorrow on all four major American wireless providers is expected to boost T-Mobile’s market share. While previous Apple releases were only made available to AT&T or Verizon customers for a period of time, this time all of the wireless providers will be on an even playing field.
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