CHICAGO, Oct. 17, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the T-Mobile US Inc. (NYSE:TMUS-Free Report), Liberty Global Plc. (Nasdaq:LBTYA-Free Report), Sprint Corp. (NYSE:S-Free Report) and Verizon Communications Inc. (NYSE:VZ-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
Telecom Stock Roundup
In the last week, most of the telecom stocks lost their value. This was in line with the broader market (S&P 500) movement due to serious concern over global economic growth. Nevertheless, this did not keep the telecom sector from witnessing consequential activities. Iliad S.A. dropped its plan to takeover T-Mobile US Inc. (NYSE:TMUS-Free Report). On the other hand, Liberty Global Plc. (Nasdaq:LBTYA-Free Report) received EU regulatory approval to acquire full control of Ziggo N.V.
Meanwhile, Sprint Corp. (NYSE:S-Free Report) has decided on discontinuing its WiMAX operations by late 2015 in order to focus more on LTE deployment. Verizon Communications Inc. (NYSE:VZ-Free Report) recently launched an Android-based smartphone named "Xperia Z3v."
Recap of the Week's Most Important Stories
- French telecom startup Iliad S.A. has dumped its plan to acquire T-Mobile US, the fourth largest national telecom carrier in the U.S. Since 2011, Iliad is the third company behind Sprint Corp. who ultimately discard plans of taking over T-Mobile US. T-Mobile US is an attractive takeover target amid the ongoing consolidation trend within the U.S. telecom industry. Since 2011, Deutsche Telekom has been exploring several options to divest its U.S. operations. (Read More: T-Mobile US Rejects Second Bid, Iliad Scraps Acquisition Plan.)
- Liberty Global a leading cable MSO (multi service operator) in Europe has recently received the European Union (EU)'s regulatory approval to acquire full control of Ziggo N.V., the largest cable MSO in the Netherlands. The company expects to close the deal in next month. At present, Liberty Global holds a 28.5% stake in Ziggo. Notably, the company will pay around $13.6 billion to acquire the remaining 71.5% stake including its outstanding debt. The deal will be completed through a stock and cash transaction. (Read More: Liberty Global Receives EU Go-Ahead for Ziggo Acquisition.)
- Sprint has reportedly announced plans to shut down its WiMAX service effective Nov 6, 2015. The company intends to shut down 6,000 cell sites by the end of 2015 and expects to incur a cost of around $50–100 million on tower shutdowns. The WiMAX network closure follows that of the iDEN Nextel network that Sprint had carried last year. The company is currently focused on deploying LTE service on the 800 MHz spectrum, now free post the iDEN network shutdown. (Read More: Sprint to Discontinue WiMAX in '15, Focus on LTE Deployment.)
- Verizon Wireless, a division of Verizon Communicationshas announced the launch of Sony's Xperia Z3v. Consumers can avail the new phone under Verizon's network starting Oct 23, 2014. Verizon is riding high on increased smartphone sales and the introduction of the best-in-class devices is likely to boost data revenues going forward. Further, Verizon reportedly activated Voice over LTE (VoLTE) service on the latest iPhone 6 and iPhone 6 Plus, bringing its first series of VoLTE handsets into the market. (Read More: Verizon to Sweeten Android Experience with Xperia Z3v.)
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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