NEW YORK, NY--(Marketwire - Jun 29, 2012) - Zacks Equity Research has stated in their June 2012 Telecom Stock Outlook that the telecommunications industry is identified as a major driver of global economic recovery. Research firm Ovum recently reported that global revenue of telecom service providers exceeded $1.91 trillion in 2011, an improvement of 6.7% year over year. The momentum is expected to remain high in 2012.

Most of the large national telecom service providers together with the regional prepaid telecom operators generated net subscriber addition in the first quarter of 2012. Verizon Wireless, a joint venture between Verizon Communications Inc. (VZ) and Vodafone Group plc. (VOD), added 501,000 post-paid subscribers out of total net addition of 734,000. AT&T Inc. (T) added a net 187,000 post-paid subscribers out of total net addition of 726,000. Sprint Nextel Corp. (S) gained a net 263,000 postpaid subscribers out of total net addition of 1.1 million. Additionally, Everybody's Phone Company (PINKSHEETS: [ EVPH ]) recently announced final discussions are underway with a major US based telecom provider to enable the Company to resell the carrier's long distance services to their clients. The Company expects to attract 5,000 new customers over the next 12 months and anticipates a 50% adoption rate of their new bundled product offering.

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