Telecom Stock Roundup: Sprint Exploring Wireless Tie-up With Cable MSOs, Qualcomm To Face FTC Lawsuit
Zacks Investment Research | Jun 28, 2017 09:50PM ET
Last week has been quite eventful for the telecom industry. Per a recent The Wall Street Journal report, U.S. national wireless carrier Sprint Corp. (NYSE:S) is exploring a merger or network-resale agreement with two major U.S. cable multi-service operators (MSOs), Comcast Corp. (NYSE:S) and Charter Communications Inc. (NASDAQ:CHTR) .
The approval of the negotiation is likely to provide boost to Sprint as well as the two U.S. cable MSO’s wireless offerings. However, nothing concrete has been confirmed by any of the companies'.This reported negotiation with Comcast and Charter Communications has put Sprint’s merger talks with T-Mobile US Inc. (NYSE:S) on hold till the end of this July.
Moreover, Sprint’s wholly owned prepaid subsidiary, Virgin Mobile USA, has inked a deal with tech giant Apple Inc. (NASDAQ:AAPL) , to relaunch itself as an exclusive iPhone carrier, amidst stiff competition poised by others on similar policies.
According to a recent report by Business Insider, U.S. telecom behemoth Verizon Communications Inc. (NYSE:VZ) , is considering licensing consumer data from other leading telecom operators. Verizon wants to have access to a significant chunk of wireless consumer data that can be used for ad targeting. To this end, the company is exploring the possibility of forming a data partnership with peers, such as, T-Mobile US, Sprint, Telefonica SA (NYSE:TEF) and Vodafone Group plc. (NASDAQ:VOD) .
Meanwhile, largest mobile chipset manufacturer Qualcomm Inc.’s (NASDAQ:QCOM) proposal, forwarded in Apr, 2017, to dismiss the anti-trust lawsuit filed against it by the U.S. Federal Trade Commission (FTC) was recently denied by the U.S. District Judge, Lucy Koh, of the Northern District of California in San Jose. The ruling judge stated that FTC’s antitrust lawsuit against the company can proceed.
Per a recent report by the New York Post, Charter Communications is considering bidding for privately held Cox Communications Inc. Notably these two companies are the second and third largest cable MSOs, respectively, in the U.S. However, neither company has confirmed the news.
In a separate development, leading wireless tower operator and real estate investment trust Crown Castle International Corp. (NYSE:CCI) has concluded the acquisition of privately-held Wilcon Holdings LLC. With this acquisition, Crown Castle will attain ownership rights of over 28,000 route miles of fiber. Crown Castle currently carries a Zacks Rank #3 (Hold). You can see Original post
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