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AT&T Unveils New Data Plans and 2 Telecom Stocks Seeing Action

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AT&T (NYSE:T): Now, AT&T has started to offer expanded choices of shared data plans, which are to begin on March 22, and AT&T will offer larger Mobile Share plans, new Mobile Share — Data (only) plans, and new Business Pooled Nation for Data plans. The new plans are to build upon AT&T’s existing Mobile Share plans with expanded options of 30 GB, 40 GB, and 50 GB, which includes unlimited calls and texts. Furthermore, AT&T will offer new Mobile Share – Data plans for businesses and consumers and new Business Pooled Nation for Data plans for business customers. ”Our expanded Mobile Share plans make it even easier for business customers to choose a data option that’s right for them,” stated Joe Lueckenhoff, AT&T Senior Vice President, Business Product Management, “whether it’s a large business wanting to better connect with employees, or a small business owner needing a data-only plan.”

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MetroPCS Communications (NYSE:PCS): MetroPCS Communications again has argued that its merger with Deutsche Telekom AG’s T-Mobile USA is a more-attractive option for shareholders than continuing to be a stand-alone company. Last week, U.S. regulators approved the combination of wireless carriers MetroPCS and T-Mobile USA, which leaves MetroPCS shareholders as the only remaining major obstacle. On April 12, shareholders of pay-as-you-go carrier MetroPCS are to vote on whether or not to approve it. Hedge funds Paulson & Co. and P. Schoenfeld Asset Management LP claim that the new company would possess too much debt. MetroPCS, in an investor presentation that was filed on Monday with the U.S. Securities and Exchange Commission, stated that Deutsche Telekom’s debt terms are market-based and represent a favorable deal for the combined company.

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Verizon Communications (NYSE:VZ): The company is proposing a shake up the pay-television business based as it wants to tie the fees it pays to carry TV channels to how many people actually watch them, reports The Wall Street Journal. Verizon’s FiOS TV is the nation’s sixth-biggest pay-TV provider, has 4.7 million subscribers, and now, has begun talks with a number of “midtier and smaller” media companies concerning paying for their channels based on audience size, claims Terry Denson, the phone company’s chief programming negotiator. He declined to identify any of the media companies. Under the existing arrangements, distributors like cable and satellite operators are required to pay a monthly, per-subscriber fee to carry channels based on the amount of homes in which they agree to make the channels available, regardless of the number of people who actually watch those channels.

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Don’t Miss: BlackBerry CEO: Apple’s iPhone Is Not What It Once Was.


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