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U.S. Morning Call: T-Mobile reports big customer growth

Wednesday, August 07, 2013 - 04:25

Aug 8 - T-Mobile recorded total customer net additions of 1.1 million in the second quarter, the largest customer growth its seen in four years.

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Two total -- again. That's the top of your Thursday morning call. The wireless carrier gained one point one million customers last corner that's the largest subscriber growth in four years. Just you go was losing over half a million key contract subscribers to rivals offering cooler phones. Had T-Mobile do. Any ad that emulated Apple's PC vs Mac commercials well kinda team -- big marketing push for its new pricing policy. Which meant eliminating. Subsidies in me upgrading phones easier is the secret to its recent success. Also finally landed a deal with apple to sell iphones which helped boost revenue. Bigger rival AT&T and Verizon have taken notice of team all the success and followed suit with announcements of their own version of T-Mobile offer of more frequent phone upgrades. Shares -- team mobile up in the premarket. This customers surge and make things Telecom and attractive take. We'll have to see. And check out shares of a Telecom up 7% in European trade it and seven to 4% of T-Mobile. If you're into watching stocks Groupon. Is -- name 30 shares up nearly 22%. In the premarket and 80% for the year. -- walked just about every body else hated the stock well this morning several firms have raised their price targets for. Bond. Maybe Eric koskie. Who took the reins from founder and -- Mason a few months back and has the interim. Take that title now he's made permanent CEO. Or maybe rising revenues that topped Wall Street expectations in the second quarter. Another thing investors love a new 300 million dollar share buyback program. Betty and Tesla. Well good luck. Iran must -- reported earnings so strong at a Morgan Stanley note gut that the company's results surpassed. Already high expectations. Quote that continued to rise nearly as fast as they share price. Test the stock is up 14%. Premarket to 157. Dollars. Its -- year close to 34 dollars a share. We get -- first today priceline.com. Report after the bell and at 927. Dollars a share it online travel discount looks like -- pointed. Out across. The 1000 dollar share mark. A level usually only reserved for things involving Warren Buffett. And no stock in the S&P 500 index has ever crossed the mark. And market today August 7 yesterday 2013. That was when the New York Times say it is not up for sale. That last. -- -- if you'd follow. Private equity giant Blackstone is ready to sell hotel hotel chain worldwide. Back to the public sources tell Reuters Blackstone has picked fourth bank to leave the offering which could come to market in the first half a 2014. Accident took -- private right before the financial crisis for a whopping 26 point seven billion dollar deal. But with the travel industry booming analysts say this is a good time to get back into the market. Hotel chain was founded in 1919 by Conrad Hilton now best known as Paris Hilton's great grandfather she's been quoted as saying. -- -- all my money on my out without my family and I work very hard. Well maybe he had a little head start. An -- for a look at markets US stock futures point to a slightly higher open this morning yesterday yes and he's not first three game losing streak in a month. Jobless claims for last week expected to -- up slightly to 340000. Also due out today hitting store sales at a cost go missed analysts' estimates in July hurt by the stronger dollar that weighed on global sales. -- Thursday morning call remembered follow us on Twitter at Reuters Insider and get more great at Reuters dot com slash. I was very hard.

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U.S. Morning Call: T-Mobile reports big customer growth

Wednesday, August 07, 2013 - 04:25