At least, that’s what AT&T Randall Stephenson believes. On a conference call with analysts on Tuesday, Stephenson teased big things on the no-contract front once AT&T completes its acquisition of Leap Wireless International, Inc. (NASDAQ:LEAP), which is expected later this quarter. Leap operates its prepaid business under the Cricket name. Shares of Leap Wireless International, Inc. (NASDAQ:LEAP) closed at $17.44 in last trading session. Yesterday share price of the company was traded in the range of $17.40 to $17.52. Company now has a market value of $1.38 billion. Leap Wireless International, Inc. (NASDAQ:LEAP) price to sales ratio in past twelve months was calculated as 0.46 and price to cash ratio as 1.50.
China Mobile Ltd. (ADR) (NYSE:CHL) E-commerce is the sole provider of payments services to China Mobile’s network. In 2013, China Mobile E-commerce’s mobile payment services had over 100 million registered users, 31 million monthly active users, and monthly and annual transaction volumes exceeding RMB10 billion and RMB130 billion, respectively. China Mobile Ltd. (ADR) (NYSE:CHL) stock traded in the range of $48.01 – $48.44 and at the end of the day, it closed at $48.24. Average trading volume of the company is $997.68 M. China Mobile Ltd. (ADR) (NYSE:CHL) return on equity ratio is recorded as 36.50% and its return on assets is 24.80%.
Last week, T-Mobile US Inc (NYSE:TMUS) announced that it was ‘taking on the US banking market’ with a mobile app and a prepaid card. The story stated that the company was targeting this service at the 68 million Americans that do not have traditional banking accounts, many of whom rely on expensive alternatives like payday lenders. T-Mobile US Inc (NYSE:TMUS) after opening at $31.80, moved up 1.54% to $32.31 on last trading day. Company’s 52 week range is $16.01 – $34.10.
NII Holdings Inc (NASDAQ:NIHD) the $517 million market capped telecom services provider in countries like “Brazil, Mexico, Argentina, Peru and Chile” has had a big bull run at the markets over the past week, ever since it was disclosed that the telecom carrier has tied up with smart phone major Apple Inc (NASDAQ:AAPL) to exclusively supply the fast selling iPhone 5s and iPhone 5c models to its Brazilian customers through its subsidiary “Nextel Brazil”. NII Holdings Inc (NASDAQ:NIHD) stock hit highest price at $2.75, beginning with a price of $2.65 and increased 4.56% to the close at $2.75 with day range of $2.63 – $2.82. The total market capitalization of the stock is $474.20 million.