Verizon expected to take lead in mobile video, Wells Fargo analyst says

Wells Fargo analysts led by Jennifer Fritzsche said, after attending the 2015 CTIA-The Wireless Association show this week, they expect mobile video to dominate the discussion for the rest of the year. Verizon Communications Inc. is leading the way, Fritzsche said, as it prepares to launch its Internet-based mobile video service Go90 later this month. Dreamworks Animation Chief Executive Jeffrey Katzenberg said during the Verizon keynote, he expects to see a revolution in the future of content, with mobile as the key platform. AT&T Inc. is also gearing up to offer TV everywhere after acquiring DirecTV in July. Fritzsch wrote that she believes Sprint Corp. will enter the broadcast auction, but it will take time. Sprint is likely in the early stage of laying out a game plan, Fritzsche wrote. Shares of Sprint are up more than 15% in the year to date, outperforming Verizon’s stock, down 3%, and AT&T, down more than 2%. The S&P is down more than 5% in the year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply