Cincinnati Bell (NYSE:CBB) announced on 7 April that it has entered into agreements to sell its wireless spectrum licenses and certain related assets to Verizon (VZ) Wireless for cash and an assumption of certain Cincinnati Bell liabilities with a total value to Cincinnati Bell of approximately $210M. CBW has agreed to sell to Verizon Wireless all of its right, title and interest in its wireless spectrum licenses for cash consideration of $194M. Cincinnati Bell Inc. (NYSE:CBB) shares after opening at $3.37 moved to $3.48 on last trade day and at the end of the day closed at $3.36. Company price to sales ratio in past twelve months was calculated as 0.56 and price to cash ratio as 152.48. Cincinnati Bell Inc. (NYSE:CBB) showed a positive weekly performance of 0.90%.
The cloud pricing war has a new combatant, CenturyLink Inc. (NYSE:CTL) which is promising to undercut Amazon.com Inc.s’ Amazon Web Services by half. In what’s being called a bold move, the telecom carrier is not just joining the cloud pricing fray, but adding dimension to the fight. CenturyLink, Inc. (NYSE:CTL) shares fell -0.37% in last trading session and ended the day on $34.83. CTL return on equity ratio is recorded as -1.30% and its return on assets is -0.50%. CenturyLink, Inc. (NYSE:CTL) yearly performance is 0.43%.
Windstream Hosted Solutions, part of Windstream (NASDAQ:WIN), and one of the nation’s premier providers of enterprise-class cloud and managed hosted solutions, has partnered with Racemi, a Software as a Service (SaaS) provider, to enable business to quickly and automatically migrate their existing physical and virtual servers to Windstream’s cloud. Windstream Holdings, Inc. (NASDAQ:WIN) shares moved down 0.22% in last trading session and was closed at $9.14, while trading in range of $9.10 – $9.19. Windstream Holdings, Inc. (NASDAQ:WIN) year to date (YTD) performance is 18.09%.
AT&T Inc. (NYSE:T) announced that it is welcoming industry veteran Shelley Goodman to oversee operations in Illinois and Wisconsin. Goodman will oversee the sales and operations for more than 1,500 employees, 86 AT&T-owned retail locations, and more than 750 national retail partners and authorized dealers. AT&T Inc. (NYSE:T) weekly performance is 3.31%. On last trading day company shares ended up $35.63. AT&T Inc. (NYSE:T) distance from 50-day simple moving average (SMA50) is 5.39%. Analysts mean target price for the company is $35.57.
In addition to providing on-the-ground support to Arkansans and communities affected by tornadoes that devastated the state on April 27, Verizon Communications Inc. (NYSE:VZ) has expanded its support by donating $50,000 to the Arkansas Chapter of the American Red Cross. Additionally, the company is currently matching employee donations of $25 to $1,000 with a 1-to-1 match. Verizon Communications Inc. (NYSE:VZ) weekly performance is 2.57%. On last trading day company shares ended up $47.12. Verizon Communications Inc. (NYSE:VZ) distance from 50-day simple moving average (SMA50) is 0.63%. Analysts mean target price for the company is $53.64.
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