Softbank/Sprint Deal Could Impact NTELOS (NTLS) - Analyst
Tweet
Share
E-mailGet Alerts S Hot Sheet
Price: $21.57 --0%
Rating Summary:
15 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 2
Rating Summary:
15 Buy, 13 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 2
Join SI Premium – FREE
Commenting on the implications the Softbank/Sprint (NYSE: S) deal would have on others, analysts at Wells Fargo highlighted NTELOS Holdings (NASDAQ: NTLS).
"S is an important roaming partner for NTLS and contributes the majority of NTLS's roaming / wholesale revenue," the analyst notes. According to the original agreement, Sprint's current contact with NTLS goes until July 2015 - but Sprint could overbuild beginning in 2014. For Sprint, it likely will come down to a build vs. buy decision. In 2011, Sprint paid NTLS ~ $120MM in roaming revenue which we expect to grow in the mid-teens in 2012."
"S is an important roaming partner for NTLS and contributes the majority of NTLS's roaming / wholesale revenue," the analyst notes. According to the original agreement, Sprint's current contact with NTLS goes until July 2015 - but Sprint could overbuild beginning in 2014. For Sprint, it likely will come down to a build vs. buy decision. In 2011, Sprint paid NTLS ~ $120MM in roaming revenue which we expect to grow in the mid-teens in 2012."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Chipotle Mexican Grill (CMG) PT Raised to $3,300 at Wells Fargo
- Wells Fargo Upgrades Neurocrine Bio. (NBIX) to Overweight 'as the Company is Knocking on the Doors of the Large-Cap Club'
- RTX Corp. (RTX) PT Lowered to $119 at Wells Fargo
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
