SOURCE: Five Star Equities

Five Star Equities

October 17, 2012 08:20 ET

Verizon Communications and AT&T to Face Stiff Competitor as Softbank Announces Deal With SprintNextel

Five Star Equities Provides Stock Research on Verizon Communications and AT&T

NEW YORK, NY--(Marketwire - Oct 17, 2012) - Japan's third-largest mobile carrier Softbank Corp. on Monday agreed to purchase a 70 percent stake in SprintNextel Corp. for approximately $20 billion. The deal will provide Sprint with a much needed influx of cash and enable them to become a major competitor to industry leaders AT&T and Verizon. Five Star Equities examines the outlook for companies in the Domestic Telecom Industry and provides equity research on Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T).

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Once the purchase is complete, by mid-2013, Softbank will become one of the world's largest telecom groups with roughly 90 million subscribers. The merger was the second announced this month as Deutsche Telekom AG owned T-mobile USA agreed to merge with MetroPCS. Analysts have speculated that Clearwire Corp. may be next in line.

"This is pro-competitive and pro-consumer in the U.S. because it creates a stronger No. 3... it competes with the duopoly of AT&T and Verizon. When you look at what Softbank has accomplished in Japan with the No. 3 carrier, it's something we can learn from," said Sprint Chief Executive Dan Hesse.

Five Star Equities releases regular market updates on the Domestic Telecom Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Verizon Wireless operates America's most reliable wireless network, with more than 107 million total connections nationwide. The company is scheduled to release its third quarter 2012 financial results on October 18, 2012. Analysts have estimated that he company's profit will rise 16.1 percent from the year-ago quarter.

With a powerful array of network resources that includes the largest 4G network in the nation, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. The company recently reported that the iPhone 5 was the fastest selling iPhone the company has ever offered. AT&T is scheduled to release third quarter 2012 results on October 24, 2012.

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