For Immediate Release
Chicago, IL - April 16, 2012 - 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
Verizon Communications Inc.
(
VZ
),
Vodafone Group plc
(
VOD
),
AT&T Inc.
(
T
),
Sprint Nextel Corp.
(
S
) and
Clearwire Corp.
(
CLWR
).
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free Profit from the Pros newsletter:
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Here are highlights from Friday's Analyst Blog:
More LTE Markets for Verizon
The largest U.S. mobile service provider
Verizon Communications Inc.
(
VZ
) is expanding its Long Term Evolution (LTE) based 4G networks to
more cities. The LTE offers mobile broadband download speeds of
5-12 Mbps and upload speeds of 2-5 Mbps.
Verizon will expand its LTE services across major cities of
California - Bakersfield, Sacramento, Fresno, Modesto, San
Francisco Bay Area, Salinas and Monterey, Stockton, San Luis Obispo
and Visalia as well as Reno in Nevada in coming weeks.
Additionally, the company has its expansion plan in the Ohio
area covering two markets - Greater Columbus and Cleveland -
scheduled on April 19. Besides, Verizon will also cover
Sarasota-Bradenton in Florida later in the month.
Mobile broadband services are currently the industry's most
powerful growth drivers. Since the launch in December 2010, Verizon
has deployed 4G LTE services in 203 markets, covering more than 200
million people. The company expects to expand its 4G networks to
400 markets by the end of this year and the entire nationwide 3G
footprint by mid-2013.
Verizon Wireless, a joint venture between Verizon and
Vodafone Group plc
(
VOD
) is way ahead of its rivals
AT&T Inc.
(
T
) and
Sprint Nextel Corp.
(
S
) in deploying LTE networks. The LTE coverage of AT&T, the
second-largest U.S. mobile service, has reached 74 million
Americans. The company expects this number to double by the end of
this year and deployment to reach to 80% of the U.S. population by
the next year. Further, AT&T plans to introduce LTE in several
markets by this summer. The addition of 12 markets will take the
number to 40 from the current 28.
Sprint, the third-largest wireless operator, was the first to
launch 4G services in 2010 through WiMax (a wireless broadband
technology) network in collaboration with
Clearwire Corp.
(
CLWR
). Now, the company plans to launch its own LTE networks in
mid-2012 and expects to complete the deployment by year-end 2013.
Initially, LTE services will be deployed in six markets including
Atlanta, Baltimore, Dallas, Houston, Kansas City and San
Antonio.
The LTE deployments have become the benchmark of mobile
technology and the life-blood for operators across the world. It
will allow the global carriers to take advantage of new and unused
spectrums, and simultaneously expand their abilities to deliver the
strongest and the most advanced networks. In addition, enhancement
of network capabilities will lead to the creation of new job
opportunities, economies of scale and open up markets that were
previously inaccessible.
Nevertheless, LTE poses a major risk to Verizon's wireless
segment as the other wireless service providers may delay their
deployment of LTE or change their selection and adopt different
next-generation technologies, including those that are incompatible
with Verizon.
We are maintaining our long-term Neutral recommendation on the
stock. Currently, the stock retains the Zacks #3 (Hold) Rank for
the short term (1-3 months).
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CLEARWIRE CORP (
CLWR
): Free Stock Analysis Report
SPRINT NEXTEL (
S
): Free Stock Analysis Report
AT&T INC (
T
): Free Stock Analysis Report
VODAFONE GP PLC (
VOD
): Free Stock Analysis Report
VERIZON COMM (
VZ
): Free Stock Analysis Report
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