T-Mobile US today announced it would give its customers free shares in the company, and would use that effort to encourage customers to refer more people to the carrier to earn more shares. T-Mobile's stock was trading at around $43.56 per share immediately after the announcement.
HTC's woes continue. The struggling smartphone maker will be removed later this month from the main Taiwan Stock Exchange's FTSE TWSE Taiwan 50 Index, the main index in the country. The move not only reflects HTC's battered share price but how far the company has fallen in recent years.
Sprint parent SoftBank's recent purchases of the carrier's shares have boosted its stock price up around 50 percent since before starting the buying spree in August. The share purchases are a reflection of SoftBank's confidence and have added $6.7 billion to Sprint's market value since Aug. 7.
Sprint parent SoftBank bought around $87 million more shares in the carrier, a sign of confidence that SoftBank is standing behind Sprint as the company continues its turnaround push.
Sprint extended CEO Marcelo Claure's contract until May 31, 2019, and said he will get 10 million shares of company stock if his turnaround efforts can push Sprint's stock to at least $8 per share.
As AT&T prepares to report its first-quarter earnings later today, it could come under more pressure from investors to show financial progress. The pressure is coming at a time when AT&T is investing $18 billion to purchase AWS-3 spectrum, $48.5 billion to buy DirecTV and billions more to move into the Mexican wireless market.
Investors last week dumped the stocks of Verizon Communications, AT&T, Sprint and T-Mobile US in a hurry amid growing concerns that the carriers' wireless pricing battles are unsustainable long term and that rising costs of spectrum will combine with the price war to drive down carriers' profitability.
T-Mobile US is selling stock in an offering that is likely going to raise $1 billion. The carrier indicated it will use the proceeds for capital expenditures and spectrum purchases beyond what it may acquire in the ongoing AWS-3 auction.
It might be difficult for some to believe, but BlackBerry's stock is out of the doldrums and is up more than 50 percent this year as investors have started to believe in CEO John Chen's turnaround strategy.
T-Mobile US said it plans to sell new shares in a move that could raise as much as $1.8 billion. The company could use the cash to acquire spectrum in upcoming auctions.