Sprint Nextel Corporation (NYSE:S) Inks a Deal with Radio Stations to Broadcast FM Channels - IQNT, PT, IDCC

Pompano Beach, FL -- (SBWIRE) -- 01/11/2013 -- Sprint Nextel Corporation (NYSE:S) has a preliminary agreement with radio stations to install chips into particular smartphones so they can transmit FM stations directly, the Kansas City Business Journal published.

What Sprint Nextel’s Charts Are Signaling for Traders? Find Out Here

It is an increasing trend among tech firms: Find a mean that allow consumers to access broadcast programming, which more and more finds itself outside usual channels.

Sprint announced the deal marks the first time a US wireless carrier will present the ability to access FM broadcasts directly and not by using live streaming.

So far today, Sprint Nextel Corporation (NYSE:S) shares lost -0.17% to $5.93 while the stock is changing hands within a range of $5.86 – $5.96. In the past year, the stock has traded between $2.10 and $6.04. Its average daily trading volume is 34.98 million shares.

Why Should Investors Buy Sprint Nextel After the Recent Fall? Just Go Here and Find Out

Looking at other stocks within industry, Inteliquent, Portugal Telecom, SGPS and InterDigital, Inc. are in the gainers list. Let’s have a quick look on their Market performance.

Inteliquent (NASDAQ:IQNT) shares are up +1.35% to $3.00 while the stock is trading within the range of $2.96 – $3.06 in the current trading session. In the last 12 months, shares have floated between $2.10 and $14.15. This stock, on average, has trading volume of 906,359 shares.

What was the Moving Force behind IQNT On Bullish Run? Read This Research Report

In this session so far, Portugal Telecom, SGPS (ADR) (NYSE:PT) shares moved up +0.54% reaching $5.58. The stock is trading in a range of $5.53 – $5.62. In the last year the stock has moved within a range of $3.73 – $5.72. The Company’s average daily trading volume is 304,991 shares.

Why Should Investors Buy PT After The Recent Gain? Just Go Here and Find Out

Another rival company, InterDigital, Inc. (NASDAQ:IDCC), is trending +1.85% higher to $43.99. The stock price is hovering in range of $43.11 to $44.04. In the previous 52 weeks, shares price ranged between $22.37 and $46.75. Their average daily trading volume is 602,041 shares.

For How Long IDCC will Fight for Profitability? Read This Trend Analysis report

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