AT&T Inc. (T) - NYSE
  • Oct. 11, 2012, 9:14 AM

    Clearwire (CLWR) +29.2% following a report SoftBank (SFTBF.PK) is thinking of buying a majority stake in Sprint (S) - investors are clearly betting Sprint's 4G network partner will also turn into a takeover candidate. However, MetroPCS (PCS) is down 7.8%, as the Street assumes a Softbank deal will lower the odds of a Sprint counter-offer to the T-Mobile deal, and perhaps put the carrier in a worse competitive position. Leap Wireless (LEAP) +3.4%.

    | Oct. 11, 2012, 9:14 AM | 1 Comment
  • Oct. 10, 2012, 4:30 PM

    Leap Wireless (LEAP) engages in some debt refinancing by closing a $400M term loan facility that matures in Oct. 2019. Borrowings can be made either at an interest rate of LIBOR (floor of 1.25%) + 3.5%, or the base bank rate (floor of 2.25%) + 2.5%. The facility will be used to redeem $300M worth of 10% senior notes due 2015. As of June 30, Leap, which has a market cap of just $467M, had over $3.2B in debt on its balance sheet.

    | Oct. 10, 2012, 4:30 PM
  • Oct. 9, 2012, 6:29 PM

    Verizon Wireless (VZ, VOD) says it will offer 4G LTE services in 400 markets by Oct. 18, well ahead of the carrier's year-end target. AT&T (T), by contrast, promises to have LTE in just 100 markets by year's end. Time will tell whether Verizon's 4G coverage edge, which it has heavily promoted, will help it gain a disproportionate share of iPhone 5 sales, as some have predicted.

    | Oct. 9, 2012, 6:29 PM | 5 Comments
  • Oct. 9, 2012, 12:31 PM
    IBM and AT&T (T) are partnering to offer a solution that includes the former's cloud storage and IT services, and the latter's telecom network. Bloomberg calls the deal the "closest relationship" IBM, whose offerings sometimes compete with the value-added services provided by telcos, has ever formed with a phone carrier. Cloud storage spending is taking off, and IBM is hoping to generate $7B in cloud-related revenue in 2015.
    | Oct. 9, 2012, 12:31 PM | 3 Comments
  • Oct. 7, 2012, 5:09 AM

    Time Warner Cable (TWC), Comcast (CMCSA) and other cable TV operators may withhold non-sports programming from their rivals after the FCC allowed program-sharing requirements to expire on Friday. The change is a blow to the likes of Dish (DISH), DirecTV (DTV), Verizon (VZ) and AT&T (T), which had wanted the rule to continue. (see also)

    | Oct. 7, 2012, 5:09 AM | 1 Comment
  • Oct. 6, 2012, 8:45 AM
    EchoStar (SATS) is reportedly in talks with Brazilian companies to launch a JV satellite-TV service in Brazil. The move would expand Dish Network's (DISH and EchoStar are controlled by Charlie Ergen) minimal exposure to fast-growing Latin America, and be a threat to DirecTV (DTV) which is counting on the region to fuel its own growth.
    | Oct. 6, 2012, 8:45 AM
  • Oct. 6, 2012, 8:15 AM
    Despite a Dividend 100 Index up 10% in 2012, dividend bargains are there to be had, especially if you look outside the U.S., Brett Arends suggests. And managers point to three attractive sectors in particular: pharmaceuticals, big energy and telecoms. Individual issues like JNJ, T, VZ and some global oil stocks look good, as well as ETFs like IDV, though it may be financials-heavy.
    | Oct. 6, 2012, 8:15 AM
  • Oct. 5, 2012, 12:34 PM

    The FCC is expected to ease rules mandating cable providers such as Comcast (CMCSA) and Time Warner Cable (TWC) offer rivals access to regional sports networks they own. Instead of requiring cable providers to provide access in the event satellite links are used to get the content onto cable networks, the FCC's chairman will handle enforcement on a case-by-case basis. The policy shift could be a negative for DISH, DTV, T, and VZ. (previous)

    | Oct. 5, 2012, 12:34 PM | 1 Comment
  • Oct. 5, 2012, 7:16 AM

    The Sprint (S) board schedules a noon phone meeting to discuss the possibility of renewing its pursuit of Metro PCS (PCS), say sources. When the board rejected what looked like a sealed deal for MetroPCS in February, Sprint's stock was just $2/share, but after a rally to $5, progress on the network upgrade, and the iPhone investment paying off, directors may have a change in attitude.

    | Oct. 5, 2012, 7:16 AM | 5 Comments
  • Oct. 4, 2012, 5:28 PM

    AT&T (T), fresh off announcing Nokia's Lumia 920 will be an exclusive, is growing its lineup of non-smartphone devices. Samsung's (SSNLF.PK) hyped Galaxy Camera, an Android point-and-shoot with a 21x optical zoom, will go on sale in the coming weeks. And so will two Windows 8 tablets: the Samsung Ativ and the Asus Vivo. As with the Lumia 920, AT&T is staying tight-lipped about pricing.

    | Oct. 4, 2012, 5:28 PM
  • Oct. 4, 2012, 12:55 PM

    MetroPCS (PCS -1.9%) briefly turned positive following a Bloomberg report claiming Sprint (S -3.6%) is "in the early stages of evaluating a counter offer" for MetroPCS, and could decide on whether to one-up T-Mobile's bid as early as next week. Leap Wireless (LEAP -5.5%), already pummeled yesterday, is near the day's lows following a brief spike. Sprint, which (unlike T-Mobile) uses the same 3G tech as MetroPCS, reportedly had a deal to buy the carrier in February, but its board got in the way.

    | Oct. 4, 2012, 12:55 PM | 1 Comment
  • Oct. 4, 2012, 10:54 AM

    Nokia's (NOK) Lumia 920 will be exclusive to AT&T (T), the carrier announces - many expected Verizon to also carry the device. Ma Bell says it will begin selling the high-end 920 and mid-range 820 in November (as expected), but provides no details about pricing. The Lumia 900 was priced aggressively from the start in an effort to kick-start Windows Phone sales. (earlier)

    | Oct. 4, 2012, 10:54 AM | 6 Comments
  • Oct. 4, 2012, 9:29 AM

    AT&T (T) will announce its support for Nokia's (NOK) flagship Lumia 920 phone today, sources tell Bloomberg.  The Windows Phone 8 device, which received an underwhelming response from investors when announced last month, is expected to go on sale in early November. Its steep unsubsidized pricing has raised some eyebrows.

    | Oct. 4, 2012, 9:29 AM | 25 Comments
  • Oct. 3, 2012, 12:45 PM
    Midday top 10 gainers: SRPT +162%. BIOL +38%. VRNG +25%. OCN +16%. KFS +16%. ASPS +14%. SNFCA +12%. TRU +10%. HOV +10%. ICAD +10%.
    Top 10 Losers: GST -21%. LEAP -16%. XRTX -15%. THTI -13%. PBM -12%. SSY -10%. HOLL -10%. KRA -10%. ATRS -9%. KIOR -9%.
    | Oct. 3, 2012, 12:45 PM | 2 Comments
  • Oct. 3, 2012, 11:13 AM

    After soaring yesterday on MetroPCS/T-Mobile reports, and rising more in premarket trading after the deal was announced, Leap Wireless (LEAP -15.4%) is more than giving back its gains, as investors conclude the deal's terms might not bode well for Leap. A downgrade to Neutral from JPMorgan also isn't helping: the firm doubts a suitor will arrive in the near-term, and calls Leap an "unattractive" target for Sprint (S +0.2%). MetroPCS (PCS -8.5%), meanwhile, has seen its losses steepen.

    | Oct. 3, 2012, 11:13 AM
  • Oct. 3, 2012, 9:10 AM
    More on the MetroPCS/T-Mobile USA merger: MetroPCS shareholders will get $1.5B in cash and a 26% stake in the combined company (MetroPCS closed with a $4.9B market cap yesterday), and Deutsche Telekom (DTEGY.PK) the remaining 74% stake. The deal is expected to close in 1H13. The WSJ notes the deal's reverse-merger structure could allow DT to gradually sell its stake and exit the U.S. market. PCS -2.1% after yesterday's big gains. LEAP +3.4%. S -1.2%.
    | Oct. 3, 2012, 9:10 AM | 7 Comments
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