"We believe AT&T (T) is overpaying for Leap’s (LEAP) spectrum," says BMO's Kevin...
"We believe AT&T (T) is overpaying for Leap’s (LEAP) spectrum," says BMO's Kevin Manning, expressing a common view. He estimates AT&T is paying $5.25B for Leap after factoring debt and lease obligations, or $2.31/MHz/POP. That's well above the prices attached to recent spectrum deals (I, II), something attributed to a desire to keep Leap out of T-Mobile's (TMUS) hands. Much of Leap's spectrum resides in the AWS band, where T-Mobile has a huge presence. Though few analysts expect a higher bid, Leap closed 13% above AT&T's offer price, in part due to expected spectrum proceeds. One unanswered question: What will happen to AT&T's AIO prepaid brand, given the carrier's plans to support Leap's Cricket brand? (AT&T/Leap: I, II)
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at Nasdaq.com (Mon, 12:47PM)
at Investor's Business Daily (Thu, 4:07PM)
at Nasdaq.com (Feb 25, 2015)
at Nasdaq.com (Feb 23, 2015)
at Nasdaq.com (Feb 10, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs