SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Feb 6, 2013) - A recently proposal from the Federal Communications Commission to provide the U.S. public free access to WiFi could become a major obstacle for the $178 billion wireless industry. "For a casual user of the Web, perhaps this could replace carrier service," said Medley Global Advisors analyst, Jeffrey Silva. "Because it is more plentiful and there is no price tag, it could have a real appeal to some people." Five Star Equities examines the outlook for companies in the Telecom Industry and provides equity research on MetroPCS Communications Inc. (NYSE: PCS) and Verizon Communications Inc. (NYSE: VZ).
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The Washington Post has recently reported that the FCC has proposed the idea of creating super WiFi networks around the U.S., which would allow the public to make cellphone calls or surf the Internet free of charge. The FCC's plan has been in discussion for years but gained traction after endorsements from Google and Microsoft. The companies believe that easy access to free public WiFi would spur "millions of devices that will compose the coming Internet of things". If approved, it would still take several years before the FCC's proposal would be in full effect.
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MetroPCS has been among the fastest growing wireless broadband providers in the U.S. and is currently the fifth largest facilities-based wireless broadband provider in the U.S. based on number of customers served. At the end of the fourth quarter of 2012 the company had approximately 8.9 million subscribers. MetroPCS is scheduled to release fourth quarter results on Tuesday, February 26th.
Verizon Wireless reported operating revenues in the fourth quarter of 2012 topped the $30.0 billion mark for the first time in company history. At the end of 2012, the company had 98.2 million retail connections, an increase of 6.6 percent when compared to a year ago. Shares of Verizon have gained nearly 20 percent in the past year.
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