Fcc investigation on stock back dating
Installation of equipment in the already completed sites will begin at the earliest. Per a recent Bloomberg report, Verizon is close to a new deal with the National Football League (NFL) for digital streaming rights.This deal will allow Verizon’s subscribers to easily access games on all devices — Internet-connected TVs, tablets and phones.
In the last five trading sessions, share price movement of the major telecom stocks witnessed a mixed trend. However, leading pay-TV operators like Comcast, Charter Communications (NASDAQ:) lost significantly in the same time period while America Movil gained the most. We do not foresee any significant changes in the telecom industry or overall global economic factors that can affect the industry in the coming week.The company is trying to attract fiber-to-the-home (FTTH) customers through a five-day promotion, starting from Thanksgiving Day on Nov 23 til Nov 27.Verizon is also offering attractive discounts on smartphone purchases.There were a couple of notable developments in the telecom space last week.Recently, Ajit Pai, the Commissioner of Federal Communications Commission (FCC), revealed a draft plan for a complete roll back of Net Neutrality.There is little doubt that if the FCC repeals Net Neutrality laws, the ISP (Internet Service Provider) industry will be a major beneficiary. It will also act as a stumbling block for the development of online video.
The telecom and pay-TV behemoth has decided to challenge the DOJ lawsuit in the court within the stipulated 60 day time period.
(Read more: Verizon-AT&T Team Up with Tillman to Construct Cell Towers) 5.
On Oct 27, 2016, Qualcomm entered into a definitive agreement with the Netherlands-based mobile chipset giant for the latter’s acquisition.
Beside the above-mentioned developments, Verizon Communications Inc. Verizon and AT&T inked a joint deal with Tillman Infrastructure to build cell towers in the United States.
Privately held, Tillman is the owner and operator of towers, small cells and smart cities infrastructures.
The deal is a follow up of Verizon’s previous contract with NFL, which allowed streaming in devices with screens of 7 inches or less. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.