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Opening Glance: Telecom Services

By Associated Press
July 3, 2008 | Comments (0)

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Telecommunications service providers opened mixed Thursday as the broader market wavered after a report on the service sector came in much weaker than expected but unemployment held steady. Low-cost wireless carriers Leap Wireless International Inc. and MetroPCS Communications Inc. tumbled after Metro's subscriber numbers disappointed investors.

How some key telecom stocks performed Thursday:

Verizon Communications Inc. rose 8 cents to $35.72.

AT&T Inc. fell 43 cents to $32.46.

Sprint Nextel Corp. fell 18 cents, or 2.1 percent, to $8.56.

MetroPCS fell $1.83, or 11 percent, to $15.35.

Leap fell $3.10, or 7.6 percent, to $37.57.

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