I was once an IBO for ACN. They make out to be this great company and state, "You Will Earn Money". Personally, I never made a dime from ACN, but I do know others who have. I'm writing to share my experiences with ACN and also to share what they don't tell you in those meetings they have.
What is ACN?
ACN is the world's largest direct marketing telecommunications company. is a company where you sell services such as cable, energy, phones, etc.. When you sign up you can sell their services to yourself or other companies and make profit off their bill they pay each month. It sounds very good since everybody pays their bills. The only problem is that you have to convince someone t
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DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d94f3b/zambia_telecoms)
has announced the addition of the "Zambia
- Telecoms, Mobile and Broadband" report to their offering.
Zambias GDP growth has remained almost unaffected by the global economic
crisis. After briefly dipping to 4.5% in 2009 it is expected to return
to the level of between 5% and 6% p.a. from 2010 which it has enjoyed
consistently over the past six years. The countrys telecommunications
market is dominated by mobile network operator Zain (formerly Celtel)
which has a market share of almost 75%. However, the fastest subscr
The telecom industry is rich with companies paying both high and solid dividends. When looking at telecom companies, is important to have both a stable stream of dividend income, as well as diversity geographically. Listed below are five high yielding telecom companies to consider for your portfolio.
1. Vodafone (VOD)
The first stock on my list, Vodafone, is a UK company which currently has a dividend yield of over 5%. As of November 2010, the company had over 340 million subscribers, with significant operations in India, Europe, and elsewhere around the world. It is also important to note that Vodafone owns 45% of Verizon, making it a major player in the US phone market as well.
2. AT&T (T)
This pure American play has a yield of almost 6% and with a market cap of over $170 billion, it is the big dog in the US. While it is second to Verizon in number of subscribers, AT&T is currently trying to buy T Mobile from Deutsche Telecom, which would make it the largest phone company in the US. One possible downside to this stock is that if ACN the deal were to fall through, the shares could take a hit.
3. Telkom Indonesia (TLK)
When talking about emerging markets, discussion usually gravitates to the BRICs (Brazil, Russia, India, China), but Indonesia is one emerging market that is often overlooked. The nation is rich with oil reserves and has the fourth to largest population in the world. The stock currently has a yield of over 4.2% and a market cap of almost $18 billion.
4. Telefonica (TEF)
Telefonica is a play on emerging markets, specifically in Central and South America. The company has over 290 million subscribers (as of March 2011) which includes the 60 million customers of Vivo, Brazil's largest mobile phone company. Telefonica also owns a 9.7% stake in China Unicom. A possible headwind is its home nation of Spain, where the economy continues to deteriorate. The stock currently yields around 9%.
5. Chunghwa Telecom (CHT)
Chunghwa Telecom is Taiwan's largest telecommunications company and currently yields more than 5.4%. The company is Taiwan's largest internet, broadband, mobile, and fixed line ACN operator, and is one of the most profitable Asian telecom companies.
Dividend stocks provide a source of income to grow your portfolio as well as a source of income during retirement. The companies listed above may be able to provide opportunities for you in terms of growth and income. It is important to consult a financial advisor regarding your investments.
Full Disclosure: I am currently long Telefonica, but have no plans to initiate any new positions of any securities mentioned above in the next 72 hours.
Happy investing to all. May the market be kind.
To cut to the chase, ACN "high speed" internet could be defined by many as a scam. This is if your definition of scam is a sub-standard service being sold at a standard price.
Now that the meat of my still unfounded argument is out of the way I'd like to tell a little antipodal story to give you some indication of how much ACN sucks. I don't have a bone to pick with this company at all. Turtle-speed internet, sweat shops and third-rate technology however, really gets under my hide.
A friend of ACN mine told me on one occasion that he got himself an internet package through one of his cousins. Thinkin
Aviva's decision to consolidate its European interests under a single Irish holding company is by no means unique, and follows moves taken by several multinational corporations to consider the benefits of Irish company formation and relocate to Ireland in the wake of proposed tax reforms in the US.
Last May, US president Barack Obama declared his intention to clamp down on the channelling of US company profits through registered offices overseas and to dampen corporate enthusiasm for outsourcing jobs to foreign countries.
Since then there has been a noticeable increase in Irish company formation applications as a number of notable firms have moved their place of incorporation
Accenture, the contractor hired to fix ongoing problems with the federal health exchange website, has been heavily criticized by some of its largest clients, including federal agencies, according to a published report.
The Washington Post reports that the U.S. Postal Service Inspector General's Office recommended this past June that the agency consider terminating more than $200 million in contracts with Accenture. The recommendation cited an "absence of business ethics" by the firm, including a 2011 settlement with the Justice Department to resolve allegations of "kickbacks" and "bid-rigging" in federal contracts. Accenture, which paid $63 million to resolve the claims, denied the allegations.
The Obama administration announced ACN last month that it had tapped Accenture to become the lead contractor for Healthcare.gov after cutting ties with CGI Federal, which handled the site's troubled launch this past Oct. 1. Technical glitches blocked many prospective customers from initially using the site, and while enrollment has picked up, the numbers have struggled to recover from the early setback and reach the administration's benchmarks.
Accenture's contract to oversee Healthcare.gov is believed to be for one year and worth an estimated $91 million. Experts interviewed by the ACN Post were divided over whether Accenture was the right choice to tackle the ongoing problems of the site, with one IT consulting firm executive saying Accenture was "at the top of the stack" in the industry. However, the same executive also questioned whether Accenture's relative lack of experience in health care would be an issue. Citing the government spending tracker website USASpending.gov, the Post reported that less than $50 million of Accenture's $10 billion in federal contracts has involved the Centers for Medicare and Medicaid Services.
The Post reports that nearly 30 projects undertaken by Accenture over the past 10 years have encountered problems like technical malfunctions and cost overruns. Among the troublesome federal projects spotlighted by the Post include a computer system for the Department of the Interior's Mineral Management Service, which regulates the oil industry. A 2007 report quoted an accounted as telling auditors that the system took longer to use than the one it replaced.
Between 2004 and 2007, the Post reports that the Pentagon and four states canceled Accenture contracts to develop online voting for voter registration systems. And in 2006, a report by the IT firm The Wendell Group blasted a tax office computer system for the District of Columbia developed by Accenture. The report found that the system incorrectly calculated penalties and interest on tax bills and called it "poorly designed" and "mismanaged."
"There is a real concern," Daniel I Gordon, the former head of government procurement policy for the Obama administration, told the Post. "This company has problems in their past performance that are relevant and recent ... The real question is whether the government did its due diligence."
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