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News Breaks
August 21, 2014
14:11 EDTVZ, GOGOGogo advances after blog discusses takeover speculation
Shares of Gogo (GOGO), which provides in-flight connectivity solutions, are climbing after a blog reported that there have been rumors that Verizon (VZ) could be interested in buying the company. WHAT'S NEW: Wall Street is "buzzing" with speculation that Verizon could be interested in acquiring, partnering with, or launching a joint venture with Gogo, a blog on Runway Girl Network stated earlier today. Verizon once provided telephones on domestic flights and has always been interested in the space, the blog added. Runway Girl Network, in addition to highlighting the achievements of women in aviation, says it combines "talented aviation journalists" and "first-hand knowledge of the passenger experience" to report news. ANALYST REACTION: In a note to investors today, Wells Fargo analyst Andrew Spinola wrote that Verizon, in addition to potentially being attracted to Gogo's aviation broadband, could be interested in the company's 4 MHz of 800MHZ spectrum. 800MHz spectrum is one of the most valuable spectrum bands, according to the analyst, who said that Gogo may now be trading at a level that is about equal to the value of its underlying spectrum. But there are a number of reasons why Verizon may not buy Gogo, Spinola believes. Among these are the fact that Verizon has said that it's not interested in providing aviation wifi services. Further, with Gogo transitioning to satellite, its spectrum should eventually become available for sale, reducing the need to acquire the entire company, the analyst explained. He kept a Market Perform rating on Gogo. PRICE ACTION: In mid-afternoon trading, Gogo climbed 91c, or 5.5%, to $18.
News For GOGO;VZ From The Last 14 Days
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November 18, 2015
11:33 EDTVZSprint announces launch of LTE Plus network
In celebration of the launch of its new LTE Plus network, Sprint (S) is introducing the biggest wireless offer in U.S. history - 50% off the price of most Verizon (VZ), AT&T (T) and T-Mobile (TMUS) rate plans, the company says. New customers can sign up for this offer nationwide Nov. 20 through Jan. 7, 2016. LTE Plus, available today in 77 major markets, takes advantage of Sprint's rich triband spectrum portfolio, and it uses some of the world's most advanced technologies in wireless, such as carrier aggregation and antenna beamforming. Customers who switch get 50 percent off most current rate plan prices from their current carrier. AT&T, T-Mobile and Verizon customers switching to Sprint also can take advantage of iPhone Forever, where they are eligible to upgrade every time a new iPhone launches. Customers must port one line, and can add up to 9 additional lines on the account. Customers must choose from the 50 percent off rate plans available from their current carrier. Cricket and MetroPCS customers also can switch and save 50 percent off their parent company's postpaid rates. 50 percent off pricing remains valid until Jan. 8, 2018, for activations between Nov. 20, 2015, and Jan. 7, 2016.

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