Verizon Communications Inc. (NYSE:VZ) is set to expand its cable business scope with the expansion of its cable “quad play” deals. Under the quad play deals, Verizon Communications Inc. (VZ) is offering customers of Time Warner Cable Inc (NYSE:TWC) or Cox Communications, Inc to sign up for both Verizon wireless and cable services through one step.
Verizon Communications Inc. (VZ) is offering this deal for customers of Time Warner Cable Inc (TWC) in areas of Arizona, New York, California, Texas and Massachusetts. In these locations TWC customers will be able to purchase the packages of Verizon Wireless smartphone and tablet service as well as Time Warner Cable Internet, video and voice service via only one phone call. The same applies to the customers of Cox Communications; they will be able to do get the same services in San Diego and Santa Barbara, Calif.
These new offering to customers are a part of Time Warner Cable’s deal of $3.6 billion spectrum purchase, which Verizon (VZ) announced in December. Under the terms and conditions of that deal, Verizon agreed to buy 122 Advanced Wireless Systems (AWS) spectrum licenses from SpectrumCo, LLC, through a joint effort with Comcast Corporation (NASDAQ:CMCSA), Time Warner Cable, and Bright House Networks.
This deal also matters because it allows theses cable companies and Verizon (VZ) to resell each other’s services and it is legally approved by the FCC with some terms and conditions in August.
In the last session, Verizon Communications Inc. (NYSE:VZ) stock began with a price of $45.02 and reached maximum highs of $45.10 throughout the trading session and finally plunged -0.86% to $44.77. VZ shares price fell -1.44% from its 20 days moving average, and 1.15% positively from 50 days moving average. VZ earnings per share current year earnings experienced a drop of -5.89%. Its weekly performance was 0.61%, monthly was at -0.82%, quarterly was recorded as 3.42% and yearly was 25.55%.
Comcast Corporation (NASDAQ:CMCSA) stock in the last session opened with a price of $36.86 and reached maximum highs of $37.17 throughout the trading session and finally surged 0.22% to $37.03.
CMCSA shares price was 2.77% from its 20 days moving average and 5.91% from 50 days moving average. Earnings per share of CMCSA for this year got a boost of 16.17%.
Its weekly performance was 1.65%, monthly performance at 2.72%, quarterly was 18.46% and yearly was 55.26%.
Time Warner Inc. (NYSE:TWC) stock in the last session traded at the beginning with a price of $99.97 and throughout the trading session climbed to a high of $99.99 and later, when day-trade ended, the stock finally decreased -0.41% to $99.29.
TWC shares price was 1.94% from its 20 days moving average, and positive 6.57% from 50 days moving average. Earnings per share of TWC for this current year got a boost of 36.52%.
Its weekly performance was 0.94% , monthly was at 5.11%, quarterly was recorded as 19.86% and yearly was 44.25%.
