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Calls Purchased on Crown Castle International Corp. (CCI)
Thursday, March 24, 2011 - 12:38pm | 121Shares of Crown Castle International Corp. (NYSE: CCI) are higher on the session by 2.23%, currently trading at $39.85. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the...
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Sprint Ticks Higher On Bloomberg Chatter (S)
Thursday, March 24, 2011 - 7:49am | 94A Bloomberg story is being cited as the reason for today's pre-market action in shares of Sprint (NYSE: S). The story highlights M&A possibilities for Sprint. This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while unconfirmed...
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Merger Ideas for Sprint
Wednesday, March 23, 2011 - 8:31pm | 124Sprint (S) served 49.9 million customers at the end of 2010. The company added a net 1.7 million subscribers in 2010, compared to a net loss of 1.1 million in 2009. In its wireless segment, the company generated $28.59 billion in revenues, which was an increase of 2.9%. However, the company has a...
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Turkcell to Distribute an Aggregate Gross Cash of $850.31M
Wednesday, March 23, 2011 - 3:16pm | 47Turkcell (NYSE: TKC) announced today that the Company Board of Directors convened on March 23, 2011 decided to distribute an aggregate gross cash of TRY1,328,696,972 (app. $850,311,642), which correspond to 75% of Turkcell's distributable income to be paid in cash to our shareholders.
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Unconfirmed Rumors circulate that (LEAP) will be acquired at $22.00 a share
Wednesday, March 23, 2011 - 12:15pm | 18Unconfirmed Rumors circulate that (LEAP) will be acquired at $22.00 a share...
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Goldman Sachs Suggests Buying Calls on American Tower Corporation (AMT)
Wednesday, March 23, 2011 - 9:30am | 140Goldman Sachs is out with a research note this morning, where it suggests that traders buy upside calls on American Tower Corporation (NYSE: AMT) ahead of earnings. Goldman Sachs Telco Analyst, Jason Armstrong, is bullish on the towers, and sees 31% upside to Buy rated AMT (12 month price target...
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Citi Maintains Hold Rating On USM
Wednesday, March 23, 2011 - 8:37am | 95Citi has issued a report reiterating its Hold Rating for United States Cellular Corp (NYSE: USM). Citi writes, "Management was supportive of the prospects for industry consolidation that would allow for USM to better differentiate itself as a value leader within the wireless category, while...
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Cramer: Verizon Should Buy Sprint, Netflix (V, S, NFLX)
Tuesday, March 22, 2011 - 3:04pm | 200Should Verizon (NYSE: VZ) buy Netflix (NASDAQ: NFLX) and/or Sprint (NYSE: S)? That's the recommendation Jim Cramer gave on CNBC this afternoon. “I propose that Verizon or AT&T (NYSE: T) should buy Netflix…before Apple (NASDAQ: AAPL) buys them,” Cramer said. “When Groupon comes public, when...
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Sprint Introduces America's First 4G "Glasses-Free" Device with QHD 3D Display
Tuesday, March 22, 2011 - 2:01pm | 78Sprint (NYSE: S) today announced the upcoming availability of its 21st and 22nd 4G-capable devices – HTC EVO 3D and HTC EVO View 4G. HTC EVO 3D takes the mobile multimedia experience to a new level, providing the ability to capture and view in 3D and share at 4G speeds, offering consumers the...
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TDS Announces Sale of $300 Million of 7% Notes
Tuesday, March 22, 2011 - 1:45pm | 104Telephone and Data Systems, Inc. (NYSE: TDS) announced today that, on March 21, 2011, it sold $300 million of 7 percent Senior Notes due 2060. The notes are callable at par on and after March 15, 2016. Closing is expected to occur on March 28, 2011. The notes are expected to be listed on the New...
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Options Brief: NII Holdings, Inc. (NIHD)
Tuesday, March 22, 2011 - 12:53pm | 99Shares of NII Holdings, Inc. (NASDAQ: NIHD) are higher on the session by 1.64%, trading at $39.10. Overall call volume is now running at 2.00x the daily average, with 52% of all calls traded being purchases on the offer. 3,929 contracts have traded on the session so far. NII Holdings, Inc....
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Blackberry Tablet Coming April 19 (RIMM, AAPL, SPLS, BBY, ODP, RSH, T, S, VZ)
Tuesday, March 22, 2011 - 11:29am | 260The Blackberry PlayBook tablet from Research In Motion Ltd. (NASDAQ: RIMM) will be in stores April 19. RIM is releasing the PlayBook in an attempt to close the gap that Apple (NASDAQ: AAPL) has created with the iPad. Apple has sold over 15 million iPads in the past year. Demand for the PlayBook...
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Wireless Spectrum Shortage… I Don't Think So.
Tuesday, March 22, 2011 - 10:09am | 3816 Reasons Why I Believe There Will Not be a Spectrum Shortage in the Next Decade I recently did a write up on Clearwire (CLWR). In doing the research for that company I came across quite a bit of opinion on the future scarcity of wireless spectrum. At first, this made me question my negative...
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Sprint Introduces New Mobile Solution to Combat Distracted Driving
Tuesday, March 22, 2011 - 10:02am | 212Sprint (NYSE: S) CEO Dan Hesse today announced to attendees at the International CTIA WIRELESS 2011 Show that Sprint later this year will offer Sprint Drive FirstTM – the wireless carrier’s first safe-driving solution to help wireless consumers safely manage their mobile devices and focus on...
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LEAP Pre-Release Is "Solid," Citi Reports
Tuesday, March 22, 2011 - 9:17am | 166Leap Wireless (NASDAQ: LEAP) pre-released better 1Q/11 net adds of 300k “vs. our estimate of 250k on lower churn of ‘less than 3.5%' vs. our estimate of 3.7%, implying better distribution productivity and better retention from its all inclusive rate plans,” Citi reports. “We estimate these results...