AT&T Inc.

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  • Dec. 1, 2015, 1:40 PM
    • AT&T (NYSE:T) is taking advantage of a new ad technique at Turner Broadcasting (NYSE:TWX) to push its prepaid brand to a millennial audience -- through saturation.
    • The company's Cricket brand will be the only advertiser on an episode of animated show Family Guy airing tonight on Turner's youth-targeted Adult Swim network.
    • It's part of Turner's "Beyond the :30" offering. The network will place Cricket's logo where Adult Swim's usually is during the episode, and advertising throughout the show will be solely for Cricket (including a 90-second spot made by Adult Swim for the brand).
    • It's a test for both companies -- Turner for whether it can break out of linear TV ad pressures, and Cricket for whether it can make inroads for the key holiday shopping season.
    | Dec. 1, 2015, 1:40 PM | 5 Comments
  • Dec. 1, 2015, 10:15 AM
    • AT&T (T +0.2%) has won a five-year blanket purchase agreement from the GSA to offer fleet management solutions to U.S. government agencies -- including GPS tracking, vehicle monitoring and diagnostics.
    • Under an executive order, agencies with fleets of 20 vehicles or more must reduce greenhouse gas emissions. AT&T says it can improve the efficiency of fleets with its set of tools.
    • The General Services Administration leases a fleet of more than 204,000 vehicles, to 75 federal agencies.
    | Dec. 1, 2015, 10:15 AM | 19 Comments
  • Dec. 1, 2015, 7:09 AM
    • November monthly performance was: +0.26%
    • AUM of $1.75B
    • 52-week performance vs. the S&P 500 is: -4%
    • $0.16 in dividends were paid in November
    • Top 10 Holdings as of 10/30/2015: Apple Inc (AAPL): 3.52%, Microsoft Corp (MSFT): 3.36%, Exxon Mobil Corporation (XOM): 3.27%, General Electric Co (GE): 3.01%, AT&T Inc (T): 2.91%, Verizon Communications Inc (VZ): 2.75%, Johnson & Johnson (JNJ): 2.22%, Wells Fargo & Co (WFC): 2.15%, Chevron Corp (CVX): 2.1%, Pfizer Inc (PFE): 2.1%
    | Dec. 1, 2015, 7:09 AM
  • Nov. 30, 2015, 5:00 PM
    | Nov. 30, 2015, 5:00 PM | 26 Comments
  • Nov. 25, 2015, 7:23 PM
    • Wells Fargo has picked its winners in March's FCC broadcast incentive auction for wireless spectrum -- and it figures AT&T (T +0.2%) will dominate bidding that should total $30B-$35B.
    • Analysts at the bank predict up to $10B spending coming from the telecom giant for a nationwide block of 2x10 MHz airwaves.
    • T-Mobile (TMUS -3.7%) -- which has been signaling aggressive moves in the auction -- will be second, with $8B spent, the analysts said, while Verizon (VZ -0.6%) should be last with $5B in bids. Sprint (S -1.8%) has already said it's sitting this one out.
    • While AT&T backtracked a bit on pledges to spend $9B while it was digesting DirecTV (NASDAQ:DTV), the analysts think the benefits of a nationwide block may signal higher spending from the company.
    • Verizon, meanwhile, has credit to spend up to $10B, but probably won't: "Similar to what T has said publicly and based on our conversations with spectrum experts, we look for VZ to contribute in a meaningful way if 2x10MHz bands are made available."
    • Previously: T-Mobile -2.2% as it pledges $200 for each Sprint line that switches (Nov. 25 2015)
    • Previously: SoftBank spending: Arora on investment universe, Sprint worries (Nov. 24 2015)
    | Nov. 25, 2015, 7:23 PM | 33 Comments
  • Nov. 23, 2015, 8:34 PM
    • Data center operators probably aren't in a buying mood for facilities that might be for sale -- particularly CenturyLink's, Macquarie suggests in a new report -- but private-equity firms could come in with bids.
    • CenturyLink (NYSE:CTL), the nation's third-largest local phone company, plans to sell 59 centers worldwide, and while Macquarie had thought Digital Realty Trust (NYSE:DLR) would get involved, analyst Kevin Smithen has changed his view after attending an industry trade show.
    • He now doubts that a buyer will come from among Digital Realty, DuPont Fabros (NYSE:DFT), Equinix (NASDAQ:EQIX), CyrusOne (NASDAQ:CONE), CoreSite or QTS Realty, with a limited "pool of logical and capable buyers" for assets from CenturyLink, or from Verizon (NYSE:VZ) or AT&T (NYSE:T). But near term, "private equity seems like the most likely acquirer of assets this size."
    • While CenturyLink assets are for sale, Verizon CFO Fran Shammo tried to shut down "speculative" reports that the company would pursue $10B in asset sales.
    | Nov. 23, 2015, 8:34 PM | 3 Comments
  • Nov. 23, 2015, 8:18 PM
    • AT&T's (NYSE:T) wireless capex is likely to end up down 21% this year, according to Evercore estimates -- and that's a bigger drop than even they expected after AT&T said a year ago it would reduce expenditures.
    • CFO John Stephens said earlier this month the company planned to put $9B into its wireless network this year. Along with $3.99B in the first half, Evercore's team figures wireless capex fell to $2B-$2.1B for Q3.
    • That means getting to $9B for the year (a 21% drop which would be "far worse than our initial expectations") implies Q4 capex of "nearly $3.0B (which seems like a lot to ask)."
    • AT&T provided a three-year outlook at its analyst day in August, at which it saw total capex of $21B this year (along with run-rate cost synergies of about $2.5B or more each year through 2018).
    | Nov. 23, 2015, 8:18 PM | 19 Comments
  • Nov. 23, 2015, 1:49 PM
    • AT&T (T -0.4%) has come to a new long-term, multiplatform distribution deal with A&E for its subscribers on U-verse TV and DirecTV.
    • The deal includes linear TV, "TV Everywhere," video on demand and mobile viewing.
    • Channels included in the deal by A&E -- a joint venture between Hearst and Walt Disney (DIS -0.6%) -- feature A&E as well as Lifetime, History, Lifetime Movies and the upcoming Viceland, among others.
    | Nov. 23, 2015, 1:49 PM
  • Nov. 16, 2015, 7:46 AM
    • The latest 13F from Berkshire Hathaway (BRK.A, BRK.B) shows a new 59.3M share stake in AT&T (NYSE:T), and the GM stake taken up to 50M shares from 41M. At least part, if not all of the T stake is the result of shares received in the DirecTV merger.
    • Phillips 66 (NYSE:PSX) is up to 61.5M shares from about 30M; Kraft Heinz (NASDAQ:KHC) 325.6M shares from zero; Suncor (NYSE:SU) 30M shares from 23.3M, John Malone (LMCK, LMCA) a total of about 24M shares from about 13M.
    • Buffett trimmed his Wal-Mart (NYSE:WMT) position to 56.2M shares from 58.3M.
    • AT&T +1.4% premarket
    | Nov. 16, 2015, 7:46 AM | 28 Comments
  • Nov. 13, 2015, 6:49 PM
    • Along with a price hike for its unlimited wireless phone plans on Sunday, Verizon (VZ -1.3%) is bringing back activation fees, instituting a $20 charge for new lines of service.
    • The carrier had waived the fees just a few months ago when it abandoned phone subsidies and service contracts; they were $40 at the time for customers who signed two-year deals.
    • AT&T (T -1.1%) charges a $15 fee for devices sold through its installment program, or $45 for a two-year contract or purchased device.
    • Verizon is raising the price of its unlimited data plan by $20/month on Sunday, a move in line with recent ones by its competitors. Sprint (S +0.7%) raised its own unlimited data plan by $10/month at the end of September.
    • At least Verizon waited until after T-Mobile's (TMUS +2%) "Un-carrier X" event to drop the news; T-Mo's John Legere is fond of lambasting competitors for broad line activation charges, though every carrier has one somewhere.
    | Nov. 13, 2015, 6:49 PM | 14 Comments
  • Nov. 13, 2015, 3:58 PM
    • AT&T (T -1.1%) keeps ticking ahead with Mexico plans, with today's offering of no-charge Mexico Roaming Bonus for customers on its Mobile Share Value plans, who can receive unlimited texts from Mexico to anywhere, and unlimited calling within Mexico and to the U.S.
    • The company has been rebranding plans as "AT&T Unidos," available in both Iusacell and Nextel Mexico's retail spots. It plans to invest $3B to expand high-speed mobile Internet to 100M customers in Mexico over the next three years, starting with 40M this year.
    • The Mexico roaming plan also includes 1 GB of data access when in Mexico, with additional gigabytes priced at $20.
    • In 2015, the "big four" U.S. carriers have all been tweaking and expanding their access plans for Mexico with various incentives for roaming, calling/texting and data.
    | Nov. 13, 2015, 3:58 PM | 3 Comments
  • Nov. 9, 2015, 8:22 PM
    • AT&T (NYSE:T) says it's pushing its fiber reach into 23 cities, centered primarily around nine key metro areas and their surroundings, in an effort to extend its gigabit service even further.
    • Pricing varies, but service tends to focus on three bundles that offer a mix of 1-gigabit or 300-Mbps Internet service with TV and telephone. In most of the new markets, standalone high-speed Internet comes at $110/month for a gigabit or 300 Mbps at $80/month.
    • Key metros for multi-city expansion include Atlanta; Chicago; Nashville; Houston; Miami; and Orlando, Fla.
    • AT&T is pursuing fiber-to-the-home service for an additional 11.7M locations as one of the agreements it made to seal its acquisition of DirecTV.
    | Nov. 9, 2015, 8:22 PM | 22 Comments
  • Nov. 2, 2015, 9:59 AM
    • A legal setback for satellite firms comes as the U.S. Supreme Court has turned away a joint challenge by DirecTV (T +0.2%) and Dish Network (DISH +0.2%) over state taxes in Massachusetts and Tennessee.
    • The firms had argued that taxes in those two states were intended to increase market share for cable companies at the expense of satellite TV, and violated the Commerce Clause of the Constitution.
    • Massachusetts had put a 5% excise tax on satellite firms, while Tennessee had exempted sales taxes on the first $15 of each cable bill (but not satellite bills).
    | Nov. 2, 2015, 9:59 AM
  • Oct. 26, 2015, 4:15 PM
    | Oct. 26, 2015, 4:15 PM
  • Oct. 23, 2015, 4:03 PM
    | Oct. 23, 2015, 4:03 PM
  • Oct. 22, 2015, 4:22 PM
    • AT&T (NYSE:T) is up 2.2% after hours following a third quarter where it beat EPS consensus, but missed revenue expectations that it yesterday called "inflated," and raised its earnings outlook for the full year.
    • Revenues were up 19% Y/Y to $39.1B mainly due to the DirecTV acquisition. The company said it looked like analysts who expected $40.4B were counting the DirecTV deal for the full month of July, rather than from July 25 -- from where it said it was permitted to count revenue under GAAP.
    • It pointed to solid gains in domestic wireless (2.5M net adds) and a positive move under DirecTV (26,000 domestic net adds), as well as 192K IP broadband net adds.
    • Cash from operations came to $10.8B and free cash flow was $5.5B.
    • For the full year, AT&T now sees EPS in the range of $2.68-$2.74, above consensus of $2.64, and free cash flow of $15B or better.
    • Conference call coming at 4:30 p.m. ET.
    • Previously: AT&T slips to session low, saying consensus for Q3 'inflated' (Oct. 21 2015)
    | Oct. 22, 2015, 4:22 PM | 3 Comments
Company Description
AT&T Inc, through its subsidiaries and affiliates, provides wireless and wireline telecommunications services in the United States and internationally. The Company has three reportable segments: Wireless, Wireline, and Other.