For Immediate Release
Chicago, IL – July 08, 2016 – 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 AT&T Inc (NYSE:T). (T), T-Mobile US Inc. (TMUS), Live Nation Entertainment, Inc. (LYV), CenturyLink Inc (NYSE:CTL). ( CTL) and Orange (ORAN).
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Here are highlights from Thursday’s Analyst Blog:
Telecom Stock Roundup
The U.S. telecom industry remained rather subdued last week despite the fact that almost all key stocks traded in the green. Nevertheless, a few developments were worth noting.
The 600 MHz low-band wireless spectrum auction, popularly known as Incentive Auction, kicked off by the U.S. telecom regulator Federal Communications Commission (FCC) on Mar 29, 2016, recently completed its first part.
In the first part, which is essentially a reverse auction, the airwaves are being freed by TV broadcasters who no longer have any productive use of the same. The TV broadcasters have agreed to free a substantial amount of 126 MHz of spectrums for a massive $86.4 billion.In the second part of the auction process, the FCC will resale these airwaves to wireless operators, cable MSOs (multi service operators) or tech firms through competitive bidding. The second part is known as forward auction.
U.S. telecom behemoth AT&T Inc. (T) has announced its plan -- AT&T THANKS -- to reward customers. The move came on the heels of its rival, T-Mobile US Inc.’s ( TMUS) similar but far more generous ‘Get Thanked’ offering. As part of AT&T’s plan, the company will be giving out movie tickets as freebies every week. Additionally, the company has tied up with Live Nation Entertainment, Inc. (LYV) to gain access to tickets for select concerts before they are made available to the public.
Regional wireline operator CenturyLink Inc. (CTL) has acquired certain core networking assets from a company formerly known as Active Broadband Networks Inc. CenturyLink has been focusing on shifting its network and shift network functions to the cloud for its business customers by providing software defined networking (SDN) and network functions virtualization (NFV) services. The acquisition is in sync with this strategy and is expected to enable the company to accelerate its top line.
Meanwhile, thriving WiFi networks throughout the U.S. have become a major concern for large wireless operators. Currently, cable MSOs have deployed more than 500,000 public WiFi hotspots. This exceeds millions if WiFi homespots are also taken into account. Research-based website Heavy Reading stated that growing transmission of high-speed data, voice and video packets through wireless networks are prompting cable TV operators to explore the wireless business.
Outside the U.S., French telecom behemoth Orange (ORAN) recently received a major contract to supply and maintain a public fiber network from the Vendee department in Western France. The 12-year project will receive an initial investment of €90 million (over $100 million) from the European Union’s regional development fund. All ISPs (Internet Service Providers) will be able to access this network.
Read the last Telecom Stock Roundup for Jun 30, 2016 .
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AT&T INC (T): Free Stock Analysis Report
T-MOBILE US INC (TMUS): Free Stock Analysis Report
LIVE NATION ENT (LYV): Free Stock Analysis Report
CENTURYLINK INC (CTL): Free Stock Analysis Report
ORANGE-ADR (ORAN): Free Stock Analysis Report
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