AT&T Inc. (T) - NYSE
  • Nov. 15, 2012, 11:11 PM

    Google (GOOG) has held talks with Dish Network (DISH) about building a massive 4G network using Dish's spectrum, the WSJ reports, while cautioning the talks "aren't advanced and could amount to nothing." Such a tie-up would be costly for Google and risk hurting carrier support for Android, but there would also be benefits. Google "wants people to watch 10 hours of YouTube a day ... what hurts them is [wireless carriers] restricting capacity," observes BTIG's Walter Piecyk. Sprint (S) and Clearwire (CLWR) have been named in the past as potential Dish partners (I, II).

    | Nov. 15, 2012, 11:11 PM | 2 Comments
  • Nov. 15, 2012, 10:14 AM

    Another investment firm jumps in to say a DirecTV (DTV +2.4%) merger with Dish Network (DISH +2.9%) looks increasingly likely as Bernstein Research takes the plunge. While a marriage of the satellite players was previously viewed as a regulatory no-go, the current competitive landscape makes the issue less relevant. If a deal is struck, synergies come into play as contract negotiations with large media companies become a little bit easier to manage.

    | Nov. 15, 2012, 10:14 AM
  • Nov. 15, 2012, 8:16 AM

    Leap Wireless (LEAP) announces a bit of a management reshuffle, with CFO Jerry Elliott becoming COO and Perley McBride taking the finance job. Elliott only joined Leap in May, while McBride was most recently EVP of finance at the Weather Co. (PR)

    | Nov. 15, 2012, 8:16 AM
  • Nov. 14, 2012, 8:16 PM

    Warren Buffett's Berkshire Hathaway discloses several changes to its portfolio, including a stake in Deere & Co. (DE) and selling off 5.3M shares of CVS Caremark (CVS). Firm also added to its existing investments in: Wells Fargo (WFC), Bank of New York Mellon Corp. (BK), General Motors (GM), DirecTV (DTV), DaVita (DVA), National Oilwell Varco (NOV) and Viacom (VIAB). It reduced stakes in: Johnson & Johnson (JNJ), Kraft Foods (KRFT), Lee Enterprises (LEE), Procter & Gamble (PG) and US Bancorp (USB). (13-F)

    | Nov. 14, 2012, 8:16 PM | 3 Comments
  • Nov. 14, 2012, 10:44 AM

    Jefferies raises its price target to $35 on Dish Network (DISH -1.1%) with consolidation talk picking up in the sector. Though a Dish-DirecTV (DTV +1.1%) marriage is the merger most often discussed, analysts note almost any combination of TV/Satellite/Telecomm players is still on the table.

    | Nov. 14, 2012, 10:44 AM
  • Nov. 14, 2012, 9:35 AM
    After insisting for much of last year that it needed the aborted T-Mobile deal to go through to address a spectrum shortage, AT&T (T) now claims a series of smaller spectrum purchases, highlighted by its deals with Qualcomm and Nextwave, leave it "well-positioned" to address its 4G needs. DSLReports: "AT&T has a long history of over-emphasizing capacity and spectrum constraints in order to get what they want from regulators and politicians." (capex plans)
    | Nov. 14, 2012, 9:35 AM | 3 Comments
  • Nov. 13, 2012, 1:18 PM

    AT&T (T) is doing its best to poach Sprint (S) subscribers still using its legacy Nextel network, ahead of the network's planned June '13 shutdown. Ma Bell introduced new "rugged" phones today, aimed at the kind of professional workers that make up much of Nextel's subscriber base, and is offering a $5/month push-to-talk to go with them. Sprint's recapture rate for departing Nextel subs stood at 59% in Q3.

    | Nov. 13, 2012, 1:18 PM | 2 Comments
  • Nov. 9, 2012, 1:02 PM

    Leap Wireless (LEAP +6%) is rallying for the second day in a row thanks to new speculation a spectrum deal or full-blown sale will happen. Sprint's (S) cancellation of a conference presentation, together with Leap's Wednesday earnings call remarks regarding its willingness to sell excess spectrum, are the triggers this time around. Nomura suggests investors stay cautious, noting the $2.8B value assigned by Leap to its spectrum is barely above its $2.6B net debt position. Leap filed its Q3 10-Q this morning.

    | Nov. 9, 2012, 1:02 PM
  • Nov. 9, 2012, 12:18 PM
    The rise of AT&T and Verizon in the TV/Internet market at the expense of DirecTV (DTV -0.2%) and Dish Network (DISH +0.8%) increases the odds the two satellite players merge. Not only does a DISH-DTV deal appear more likely to clear regulatory hurdles now, by the numbers it makes more sense than ever. Another point to consider, Dish Network CEO Charlie Ergen wasn't exactly shy about the topic on his company's earnings call.
    | Nov. 9, 2012, 12:18 PM | 3 Comments
  • Nov. 9, 2012, 9:20 AM

    In another piece of good news for Apple (AAPL), AT&T (T) says its iPhone 5 supply situation is improving ahead of the holiday season. The online Apple Store still shows 3-4 week shipping times for all models. Separately, AT&T is now offering a $100 discount on 3G/4G tablets in exchange for a 2-year data contract. If other carriers follow suit, that could provide a a lift to sales of 3G/4G tablets, which have proven much less popular than Wi-Fi-only models. Qualcomm (QCOM) made cautious remarks about 3G/4G tablet demand on Wednesday's earnings call. (Piper's checks)

    | Nov. 9, 2012, 9:20 AM | 9 Comments
  • Nov. 8, 2012, 11:41 AM
    Verizon Wireless (VZ, VOD) plans to finish its 4G LTE rollout by the middle of 2013, says CFO Fran Shammo. That's 6 months ahead of Verizon's original plan, and 18 months ahead of AT&T (T), which wants to offer LTE to 300M Americans by the end of 2014. Verizon plans to cover 260M people by year's end, well above AT&T's 150M. Shammo adds 13% of Verizon's customers now use its expensive shared data plans, and that he'd "love to see [Windows Phone 8] be a successful platform. (AT&T capex)
    | Nov. 8, 2012, 11:41 AM
  • Nov. 7, 2012, 6:53 PM

    Cord-cutting isn't doing tremendous damage to the pay-TV industry, but it is leading penetration rates to fall a bit. U.S. pay-TV providers collectively shed 127K subs in Q3, per Bernstein's data, as a net loss of 499K cable subs offset a net gain of 372K telco/satellite subs. But that figure is below Q2's 410K decline, and still leaves the industry with a small net increase over the last 4 quarters. (Nielsen)

    | Nov. 7, 2012, 6:53 PM
  • Nov. 7, 2012, 6:20 PM

    AT&T (T -3.3%) plans to tap debt markets to help finance its investment plans: its net debt-to-EBITDA ratio is expected to rise to 1.8 from 1.42 over the next 2 years. With corporate debt yields remaining extremely low, it wouldn't be surprising if AT&T also used the proceeds to buy back stock, something it has been very fond of doing lately. Some think AT&T's buildout partly stems from its failure (unlike Verizon) to sell off rural assets. "They're doing it because they really have to do it," says analyst Jonathan Chaplin.

    | Nov. 7, 2012, 6:20 PM | 1 Comment
  • Nov. 7, 2012, 1:36 PM

    U.S. cell tower owners American Tower (AMT +2.4%), SBA (SBAC +1.6%), and Crown Castle (CCI +0.8%) are also getting a lift from AT&T's (T -2.3%) capex plans, which include a push to offer 4G LTE services as a broadband option for rural areas. Wells Fargo expects AMT to benefit from AT&T's plan to adds 10K new cell sites and 40K small cells, while Citi views Ciena (CIEN +8%), Juniper (JNPR +1.8%), Cisco (CSCO -0.9%), and Adtran (ADTN +4.2%) as beneficiaries of Ma Bell's wireline investments.

    | Nov. 7, 2012, 1:36 PM | 1 Comment
  • Nov. 7, 2012, 10:17 AM

    In addition to hiking its dividend, AT&T (T -2.9%) says it plans to spend $22B on capex each of the next 3 years, up from 2011's $19B-$20B. $8B will be spent on building AT&T's 4G LTE network, which trails Verizon (VZ -1.5%) in terms of coverage, and $6B on expanding its wireline broadband network. AT&T is also guiding for mid-single-digit annual EPS growth over this time. Capex-starved telecom equipment/component names are rallying. CIEN +11.2%. ADTN +8.1%. APKT +5.8%. JNPR +2.1%. JDSU +6.8%. ALU +2.5%. (investor day: webcast, slides)

    | Nov. 7, 2012, 10:17 AM | 2 Comments
  • Nov. 7, 2012, 9:07 AM
    Leap Wireless International (LEAP): Q3 EPS of $0.32 may not be comparable to consensus of by -$0.70. Revenue of $774M (+1.4% Y/Y) in-line. Shares -1.9% premarket. (PR)
    | Nov. 7, 2012, 9:07 AM
Company Description
AT&T, Inc. provides telecommunication services and products, including wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking and wholesale services. It operates business... More
Sector: Technology
Industry: Telecom Services - Domestic
Country: United States