Telecom Stock Roundup: Verizon Drops Bloomberg TV, Inks Deal With A+E Networks
Zacks Investment Research | Jan 10, 2018 09:30PM ET
The U.S. telecom did not witness much development last week. Nevertheless, a few are worth taking note of.
U.S. telecom behemoth Verizon Communications Inc. (NYSE:VZ) hit headlines. The company’s pay-TV customers have lost access to Bloomberg TV. Per sources, Verizon has declined Bloomberg’s proposal to pay for content, which is easily accessible online for free. Verizon has advised customers to subscribe to Bloomberg's website and app to access Bloomberg TV.
On the other hand, Verizon and A+E Networks have signed an extended carriage deal, which will broadcast A+E Networks programming on the company’s digital and mobile media platforms. Moreover, the company will be streaming national Football League (NFL) playoff games on Yahoo (NASDAQ:AABA) Sports, under Oath brand, effective this weekend.
In a separate development, Verizon has enriched its portfolio of managed security detection and response services for enterprise customers with the acquisition of privately held Niddel Corp., a specialized provider of machine-learning-based automated threat hunting. However, the financial terms of the deal have not been disclosed.
Also, T-Mobile US Inc. (NYSE:T) revealed its preliminary subscriber statistics for 2017. The company added a net 5.7 million customers in 2017, which includes 3.6 million net customer additions in the lucrative postpaid segment. Of this, 2.8 million were postpaid phone additions and 0.8 million were from connected devices like tablets.
T-Mobile US is making its unlimited postpaid wireless service, T-Mobile ONE, more attractive with the inclusion of services from online video streaming service provider, Netflix Inc. (NASDAQ:NFLX) with no extra charges along with unlimited data for just $40 per line for a family of four (inclusive of all taxes and fees). The offer is open to both existing and new customers. Subscribers, who already have a Netflix account, can also avail this offer.
In a separate development, AT&T Inc. (NYSE:T) is planning to offer standards-based mobile 5G services to consumers in various U.S. markets by late 2018. The telecom service provider claims to be the first company in the United States to come up with 5G services in 2018, beating other players - Verizon, Sprint Corp. (NYSE:S) and T-Mobile US - in the race for 5G.
DISH Network Corp. (NYSE:S) has entered into a partnership with comScore to measure the effectiveness of addressable advertising campaigns across its legacy pay-TV service using Hopper set-top box and its next-generation Sling TV service, which provides online TV streaming (OTT) on various handheld gadgets. DISH Network currently carries a Zacks Rank #3 (Hold). You can see Original post
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