LONDON, February 15, 2013 /PRNewswire/ --
Telecom industry is one of the most dynamic sectors around. These companies need to constantly upgrade their offerings and infrastructure to attract and retain their customers. Sprint Nextel Corp. (NYSE: S) is looking forward to a year full of activities. It is expected to finalize its SoftBank Corp. and Clearwire Corporation deals in 2013. The company is also expanding its 4G infrastructure. Cincinnati Bell Inc. (NYSE: CBB),on the other hand,is divesting its non-core assets in the form of an IPO. The stock is expected to perform well as it is being lapped up by Hedge Funds. StockCall initiated free in-depth technical analysis on Cincinnati Bell and Sprint Nextel which are currently available upon sign up at
Cincinnati Bell Inc. Gets New CEO
Cincinnati Bell Inc. has a lot going on. The company recently appointed a new CEO as it selected Ted Torbeck for the position. Torbeck has considerable turnaround expertise and will help the company to focus on its core areas. Cincinnati Bell Inc. took a major step when it spun off its data center Cyrusone Inc. After the IPO of Cyrusone Inc., the company still retains more than 70 percent interest in this data storage REIT. Cyrusone Inc. has 23 data centers. Sign up for the free technical analysis on Cincinnati Bell Inc. at
Cincinnati Bell Inc. is an attractive option for Hedge Funds as evidenced by the large chunk of its stock being held by Black Rock Investments. While the stock appreciated 16 percent in the past 52 weeks, its YTD performance has been dismal. The stock lost 15 percent of its value so far this year. However, post-divestment it is likely to see some upward action.
Sprint Nextel Corp. to Finalize Softbank Corp. Deal
Sprint Nextel Corp. announced its quarterly results and reported quarterly losses at 44 cents per share, marginally higher than the 43 cents per share in net loss it incurred for the corresponding quarter of last year. However, it still performed better-than-expected as consensus estimates for the loss stood at 46 cents per share. Sprint Nextel Corp. also reported 3.2 percent increase in its revenue to $9 billion, again beating consensus estimate of $8.9 billion in revenue. Download the free report on Sprint Nextel Corp. by registering at
Sprint Nextel Corp. is going for a major overhaul as it will sell 70 percent of itself to SoftBank Corp. The deal is likely to be finalized this year and is worth $20 billion. Through this deal, Sprint Nextel Corp. will buy a stake in Clearwire Corporation, which recently reported its fourth quarter results and missed consensus estimates for both the top-line and bottom-line.
While the entire telecom sector is struggling with intense competition and the resulting price wars, Sprint Nextel Corp. still stood out with its weak results. The company failed to maintain its Average Revenue per User. However, its merger with SoftBank Corp. is expected to make things a little easier for Sprint Nextel. The company is looking to compete with AT&T and is going ahead with its 4G deployment. It is expected to yield the benefits of massive capital outlay for these infrastructural upgrades. The domestic teleco is moving in a positive direction as Omega Advisors upped their stake in Sprint Nextel Corp. by 30 percent in the fourth quarter. Further, there had been a number of insider purchases over the past couple of months. These transactions show management's confidence in the future direction of the company.
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