AT&T To Offer Hotspots and 2 Telecom Stocks Seeing Action
AT&T (NYSE:T): Current price $37.85
Boingo said that it will offer AT&T subscribers access to its hotspots at international airports, and that service expansion is planned throughout the rest of 2013, according to TechCrunch. At the same time, Boingo subscribers will be allowed to access AT&T hotspots throughout the United States, free of charge. In the terms, which apply to AT&T customers who subscribe to either the 300 megabyte or 800 megabyte international roaming data add-on packs, and any Boingo subscribers, the consumers win out. The expansion will enable AT&T users traveling abroad to have a much wider amount of Wi-Fi access, which should in turn assuage their need to use add-on roaming packs and incur data overage charges.
Sprint Nextel Corporation (NYSE:S): Current price $6.29
As the Japanese wireless carrier Softbank buys an interest in Sprint Nextel for about $20 billion, it intends to sell $2 billion of bonds in the United States and in Europe to help fund the acquisition, says Bloomberg. The company might sell seven-year notes denominated in dollars and euros later in April, according to an inside source, who added that the bonds may be rated Baa3, the lowest level of investment grade, by Moody’s Investors Service. The billionaire Masayoshi Son’s Softbank offered last October to purchase a 70-percent stake in Sprint Nextel so as to enter the United States market and form the world’s third-biggest mobile-phone services provider.
Vodafone Group (NASDAQ:VOD): Current price $28.84
In June, Vodafone will finally switch on its 4-gigabyte network in Australia. Analyst Chris Coughlan believes that even though Vodafone will be the last major mobile network to turn its 4-gigabyte services on, the telco is relatively well positioned, commenting that “Vodafone has more 1800 MHz spectrum than the other two operators.”
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