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Zacks Analyst Blog Highlights: Sprint Nextel, Virgin Mobile USA, iPCS Inc, Verizon and AT&T

Posted on: Fri, 30 Oct 2009 17:00:00 EDT

Symbols: VZ, T, S, VM, IPCS

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Here are highlights from Thursday's Analyst Blog:

Sprint Posts Bigger Loss

Sprint Nextel (NYSE: S | Quote | Chart | News | PowerRating)
reported third-quarter 2009 results with net loss per share of 17 cents,
exceeding the Zacks Consensus Estimate of 15 cents and the year-ago loss
per share of 11 cents.

The third-largest US wireless carrier posted a net loss of $478 million,
47% more than the net loss of $326 million reported a year ago. Sprint
remains significantly challenged by the volatile economic backdrop,
which has contributed to the sustained decline in the wireless
subscriber base and associated revenues.

Sprint is acquiring Virgin Mobile USA (NYSE: VM | Quote | Chart | News | PowerRating)
to strengthen its presence in the fast-growing prepaid market. The
company recently announced plans to buy its wireless affiliate iPCS
Inc (Nasdaq: IPCS),
which will expand Sprint's service territories and offer cost synergies.

Sprint is aggressively deploying 4G WiMax mobile broadband service
having already launched its service in 17 US cities including 10 markets
launched in October. The company targets to launch 4G services in
additional US cities during the fourth-quarter 2009. The 4G WiMax
service is expected to play a critical role for Sprint's survival in the
domestic wireless market given the continued market share losses to
larger rivals.

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For full details on Verizon Communications (VZ) VZ. Verizon Communications (VZ) has Short Term PowerRatings at TradingMarkets. Details on Verizon Communications (VZ) Short Term PowerRatings is available at This Link.

For full details on AT&T Inc (T) T. AT&T Inc (T) has Short Term PowerRatings at TradingMarkets. Details on AT&T Inc (T) Short Term PowerRatings is available at This Link.

For full details on Sprint Nextel Corp (S) S. Sprint Nextel Corp (S) has Short Term PowerRatings at TradingMarkets. Details on Sprint Nextel Corp (S) Short Term PowerRatings is available at This Link.

For full details on Virgin Mobile USA, Inc. (VM) VM. Virgin Mobile USA, Inc. (VM) has Short Term PowerRatings at TradingMarkets. Details on Virgin Mobile USA, Inc. (VM) Short Term PowerRatings is available at This Link.

For full details on iPCS Inc (IPCS) IPCS. iPCS Inc (IPCS) has Short Term PowerRatings at TradingMarkets. Details on iPCS Inc (IPCS) Short Term PowerRatings is available at This Link.

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