Telecom World Updates From The Pipe Report

On 9/22, Piper Jaffray will host a webinar to delve deeper in to the European collocation market, featuring Tim Anker, the founder of the Colocation Exchange for a Q&A session monitored by Piper Jaffray analysts. The webinar will begin at 10:30 am EST and can be accessed at www.piperjaffray.com/webinar. Current Piper Jaffray telecom world news: Wal-Mart WMT announced a wireless MVNO dubbed Wal-Mart Family Mobile” that runs on the T-Mobile network. The service introduces new low pricing for unlimited additional lines and we think will put pressure on prepaid competitors. See our 9/14 note for details. Level 3 LVLT launched an offering of $175M in convertible notes, which priced at 6.5%. Clearwire CLWR is beginning to offer dual-mode 3G/4G data cards and service to select customers in NY and LA as the company intends to cover those markets by year-end. Leap LEAP adopted a tax preservation plan aimed at securing the value of their NOLs in the event of a takeover. The plan, however, reads and acts more like an anti-takeover measure. See our 9/14 note for more details. TeleNav TNAV launched a mobile advertising platform to complement its navigation services. Meanwhile, Nokia updated its Ovi Maps service to include traffic, public transportation and the ability to “check-into” locations. Speaking at an investor conference, Sprint S CFO Bob Brust ruled out a near-term purchase of the rest of Clearwire. Instead, expect Sprint to build its ownership stake over time through additional funding. Verizon VZ reiterated its goal to launch LTE service in 30 NFL cities by the end of the year, covering 100M POPs. AT&T T noted that it plans to cover 70-75M POPs sometime next year; AT&T is also upgrading to HSPA+ in many 3G locations in the meantime. The Samsung Galaxy tablet was introduced as an Android-based competitor to the popular Apple AAPL iPad. The Galaxy will be available for all national carriers (or 3G, not 4G, networks). Time Warner Cable TWC CFO Robert Marcus, speaking at an investor conference, noted that its markets have been “very, very weak” in the third in the third quarter and will likely impact subscriber numbers. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.