Dallas,TX 1/16/2010 12:46:24 AM
News / Business

Top Communications Stocks are S, PCS, LEAP

Communications Stocks

Sprint Nextel Corporation (NYSE:S) is amongst the top gainer in the early few minutes. The stock has spurted 1.63% and is trading at $3.75 with an unusual massive volume of 50.87 million shares. The stock has a 52-week range of $2.03-$5.94. Sprint Nextel Corporation (Sprint Nextel) is a holding company that offers a range of wireless and wireline communications products and services for individual consumers, businesses and government customers. The Company conducts its operations through two segments: Wireless and Wireline. Sprint Nextel owns wireless networks and a global long distance, Tier 1 Internet backbone. The Company offers digital wireless service to subscribers in all 50 states, Puerto Rico and the United States Virgin Islands under the Sprint brand name utilizing wireless code division multiple access (CDMA) technology.

 

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MetroPCS Communications, Inc. (NYSE:PCS) is amongst the top gainer in the early morning trade and soared 1.36% to $6.32 on a massive volume of 5.33 million shares. The stock has a 52-week range of $5.65-$18.98. MetroPCS Communications, Inc. (MetroPCS) is a wireless communications provider that offers wireless broadband mobile services under the MetroPCS brand in selected metropolitan areas in the United States over its own licensed networks or networks of entities, in which the Company holds a substantial non-controlling ownership interest.

 

Leap Wireless International, Inc. (NASDAQ:LEAP) climbed up 5.65% over its previous day’s price and now trades at $14.59 on a massive volume of 4.49 million shares. Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless service in the United States under the Cricket brand. Cricket service is offered by Cricket, a wholly owned subsidiary of Leap, and is also offered in Oregon by LCW Wireless Operations, LLC (LCW Operations), and in the upper Midwest by Denali Spectrum Operations, LLC (Denali Operations). Cricket owns an indirect 73.3% non-controlling interest in LCW Operations through a 73.3% non-controlling interest in LCW Wireless, LLC (LCW Wireless), and owns an indirect 82.5% non-controlling interest in Denali Operations through an 82.5% non-controlling interest in Denali Spectrum, LLC (Denali).

 

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