AT&T (NYSE:T): Current price $36.49
The communications giant reported on Monday that it would begin selling the highly anticipated BlackBerry (NASDAQ:BBRY) Z10 touchscreen smartphone to customers by March 22, with early sales of the devices to commence on Tuesday. BlackBerry hopes that the new devices, which are already on sale in Canada, Great Britain and over 20 other countries, will help it get its market share back in the United States, which was once a bastion for the smartphone industry pioneer. The domestic launch of the new devices had been delayed because of a longer carrier-testing phase peculiar to the United States. As has been predicted, AT&T said it would sell the devices for $199.99 with a two-year contract.
MetroPCS Communications (NYSE:PCS): Current price $10.01
T-Mobile USA says that the Communications Workers of America’s reference of a Department of Labor inquiry into its call centers is irrelevant to its proposed purchase of MetroPCS. In a letter to the Federal Communications Commission last week, the CWA suggested that the agency look into the DOL’s investigation in 2012 on the closure of seven T-Mobile USA call centers in the United States. In a filing with FCC on Friday, T-Mobile said that while CWA recognizes that the DOL investigation was unrelated to the MetroPCS deal, it raises the matter so as to suggest that that the FCC cannot take seriously T-Mobile and MetroPCS’s assurances that the merger will not result in meaningful job losses in the United States.
Leap Wireless International (NASDAQ:LEAP): Current price $0.079
Subject to its wholly-owned subsidiary Cricket Communications redeeming all of its 7.75 percent senior secured notes due in 2016 and certain other conditions, Leap Wireless has entered into an amendment to its existing senior secured credit agreement on March 8 to provide for a new “delayed-draw incremental term loan facility” of as much as $1.425 million. The terms allow for borrowings, in whole or in part, in a single drawing by Cricket at any time on or before May 7 and will mature in March 2020 bearing interest rates at LIBOR plus 3.50 percent or at the bank base rate plus 2.50 percent, as chosen by Cricket.
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