Sprint on Wednesday unleashed a promotion offering new customers a 50% price cut on their existing plans from AT&T, T-Mobile US and Verizon Communications. The promotion is similar to one Sprint rolled out in late 2014. The new offer adds customers of T-Mobile (TMUS). While recycled in part, Sprint’s 50%-off promotion may gain more traction this time, owing to its 4G network upgrade, some analysts say. Sprint’s stock fell 4% after Sprint CEO
Macquarie Securities downgraded American Movil, which faces intensified competition in Mexico from AT&T (T) as growth slows in Brazil and at its U.S. subsidiary, TracFone. Kevin Smithen, an analyst at Macquarie, said in a research note that America Movil’s (AMX) plans to expand in Europe seem at a dead end. TracFone, meanwhile, added only 13,000 subscribers in the September quarter. Revenue was flat from the year-earlier period. T-Mobile US (TMUS)
T-Mobile US (TMUS) will provide customers with free video streaming of 24 popular apps — including HBO, Netflix and Walt Disney’s Watch ESPN — as part of its latest Uncarrier promotion announced Tuesday. The streaming video will not count toward customer data caps, said T-Mobile. The company said it will use new technology to stream video more efficiently over its 4G LTE network. T-Mobile’s announcement poses a challenge to Verizon Communications