Leap Wireless International (NASDAQ:LEAP): Current Price: $5.19
Leap Wireless’s music platform, Muve Music, was originally launched in January 2011, but has since been spun off into a separate entity, being licensed with other telecom carriers globally. The company allows Leap customers to download unlimited songs, ringtones, and ringback tones at $10 more per month. On average, subscribers download over 100 songs and listen to 20 hours of music per month.
MetroPCS Communications (NYSE:PCS): Current Price: $10.05
The company delayed a shareholder vote on its proposed acquisition by T-Mobile by two weeks to react to shareholder opposition, and John Paulson, the carrier’s largest shareholder with a 9.9 percent stake, came out against the deal by arguing that the merger would place the company under too much debt to be competitive in the U.S. Furthermore, he sent a letter to the company board that made his case and filed it with securities authorities on Friday, according to Bloomberg. Paulson opposes terms adding $15 billion in debt to the combined company in the form of high-interest notes that are due to T-Mobile parent Deutsche Telekom.
Level 3 Communications (NASDAQ:LVLT): Current Price: $19.73
Peter van Oppen has been appointed as a director, which brings the carrier’s total amount of board members to 14. Van Oppen was named as a partner at Trilogy Partnership, which is a private investment firm focused on technology and telecommunications, in 2006 and was the chief executive officer at Advanced Digital Information Corporation prior to that. ”We are pleased to welcome Peter van Oppen to the Level 3 board of directors,” stated Level 3′s chairman Walter Scott Jr, adding, “We believe Level 3 will benefit from Peter’s experience as a chairman and CEO of a global data storage company for over a decade as well as his extensive management and consulting experience.”
Frontier Communications Corporation (NYSE:FTR): Current Price: $4.20
Frontier Communications plans to start trading ex-dividend on March 6, and it has a cash payment of 10 cents per share, which is scheduled to be paid on March 29. Those shareholders who purchased FTR stock previous to the ex-dividend date are eligible for the cash dividend payment. This marks the fifth quarter that FTR paid the same dividend, and the company named a new chief financial officer, John M. Jureller, last week.
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