SOURCE: Century Capital Research
NEW YORK, NY--(Marketwire - Jun 29, 2012) - Zacks Equity Research has stated in their June 2012 Telecom Stock Outlook that the telecommunications industry is identified as a major driver of global economic recovery. Research firm Ovum recently reported that global revenue of telecom service providers exceeded $1.91 trillion in 2011, an improvement of 6.7% year over year. The momentum is expected to remain high in 2012.
Most of the large national telecom service providers together with the regional prepaid telecom operators generated net subscriber addition in the first quarter of 2012. Verizon Wireless, a joint venture between Verizon Communications Inc. (VZ) and Vodafone Group plc. (VOD), added 501,000 post-paid subscribers out of total net addition of 734,000. AT&T Inc. (T) added a net 187,000 post-paid subscribers out of total net addition of 726,000. Sprint Nextel Corp. (S) gained a net 263,000 postpaid subscribers out of total net addition of 1.1 million. Additionally, Everybody's Phone Company (PINKSHEETS: EVPH) recently announced final discussions are underway with a major US based telecom provider to enable the Company to resell the carrier's long distance services to their clients. The Company expects to attract 5,000 new customers over the next 12 months and anticipates a 50% adoption rate of their new bundled product offering.
This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Century Capital Research one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.