MetroPCS Communications (NYSE:PCS): Current price $10.52
T-Mobile USA is ready to slash jobs at its headquarters in Bellevue, Washington, prior to its planned merger with the flat-rate carrier MetroPCS, say multiple reports from The Seattle Times and AllThingsD, which indicated that the job cuts could come this week. The Seattle Times reported that the cuts could cause over 100 layoffs, affecting marketing and other groups. The reports emerge during intensified scrutiny over the deal from MetroPCS investors. Beyond that, a group of 62 House Democrats sent a letter to FCC Chairman Julius Genachowski, urging that the agency force T-Mobile promise to protect jobs as a condition its approval of the deal, saying that they will push back against “another consolidation of two companies that leads to the reduction of American jobs.”
AT&T (NYSE:T): Current price $36.38
On Wednesday, AT&T said it would dedicate between $600 to $800 million in capital during the next two years to simultaneously support current broadband network capabilities and also to expand access to next-gen services such as U-verse in its Kentucky market. The company said that this planned investment should have an impact on both its wireline and emerging LTE-based wireless broadband services in this market. Its plan to expand broadband services in Kentucky is being reinforced by its ambitious three-year, $14 billion Project Velocity IP initiative, which is designed to expand and improve AT&T’s wireless and IP-based wireline networks across the domestic market.
Verizon Communications (NYSE:VZ): Current price $47.42
Verizon Wireless has filed a patent for a mobile surveillance system that could wirelessly transmit surveillance data back to a server if the owner of the system is in danger, said a patent filing with the United States Patent & Trademark Office, FierceWireless. Although Verizon filed the patent application on Sept. 2, 2011, it was published this week. In the filing, Verizon describes a mobile surveillance system that includes wearable wireless devices, created to transmit data wirelessly about a dangerous event happening to the user of the system, or to send that user an alert telling them about some kind of emergency event.
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