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AT&T Inc. (T)

  • Aug. 31, 2011, 2:21 PM
    According to terms of their merger contract, AT&T (T) may be obligated to pay T-Mobile parent Deutsche Telekom (DTEGY.PK) $3B in cash if the deal is spiked “because of the failure to obtain regulatory approval." AT&T also may be forced to enter into a roaming deal on “terms favorable to both parties” and transfer some wireless spectrum, givebacks valued at another $3B.
    | Aug. 31, 2011, 2:21 PM | 2 Comments
  • Aug. 31, 2011, 1:53 PM
    The Justice Department’s decision is a “victory” for Sprint (S +7.9%) that could allow it to merge with T-Mobile (DTEGY.PK -6.6%) if the AT&T (T -4.6%) deal is barred, Pacific Crest's Steve Clement says. “They’re both sub-scale relative to the big guys, so it makes sense to find a way to get together and extract the synergies you’d get longer-term."
    | Aug. 31, 2011, 1:53 PM | 1 Comment
  • Aug. 31, 2011, 1:31 PM
    As AT&T (T -4.5%) plunges on news of the DOJ's lawsuit to halt the T-Mobile merger, the company states it's "surprised and disappointed" by the move. Meanwhile, though the FCC hasn't made its own decision on the merger, Chairman Julius Genachowski suggests the agency "has serious concerns" about the deal's impact on competition.
    | Aug. 31, 2011, 1:31 PM | 4 Comments
  • Aug. 31, 2011, 11:45 AM
    Sony (SNE) and HTC (HTCCF.PK) are unveiling new Android tablets: the former's Tablet S tries to stand out via an asymmetric design which supposedly makes it easier to hold, while the latter's Jetstream (exclusive to T) touts its 4G support. However, neither will undercut the iPad (AAPL) on price - and that's the only way iPad rivals have thus far stoked demand.
    | Aug. 31, 2011, 11:45 AM | Comment!
  • Aug. 31, 2011, 10:41 AM
    The Justice Department files suit, seeking to block the merger between AT&T (T -4.1%) and T-Mobile (DTEGY.PK -6.4%). "AT&T's elimination of T-Mobile as an independent low-priced rival would remove a significant competitive force from the market," reads the complaint. Sprint (S +6.6%) spikes on the news.
    | Aug. 31, 2011, 10:41 AM | 6 Comments
  • Aug. 31, 2011, 8:51 AM
    Seeking goodwill for its $39B deal to buy T-Mobile (DTEGY.PK), AT&T (T) says it will restore 5,000 outsourced call-center jobs, and commits to maintaining its and T-Mobile’s 25,000-plus existing U.S. call-center jobs. AT&T CEO Randall Stephenson says he has grown comfortable that the firm would still meet its projected cost savings despite the jobs move.
    | Aug. 31, 2011, 8:51 AM | 2 Comments
  • Aug. 30, 2011, 10:24 AM
    Wells Fargo reiterates an Outperform on Sprint (S +3.5%) after channel checks show the carrier to be faring well against Verizon Wireless (VZ, VOD) and AT&T (T), against whom it's struggled in recent years. The firm speculates Sprint, which soared recently on a report it will carry the next iPhone, may be getting a boost from its cheap data pricing.
    | Aug. 30, 2011, 10:24 AM | Comment!
  • Aug. 30, 2011, 9:06 AM
    Leap Wireless (LEAP) +4.8% premarket after last night's disclosure that Pentwater Capital Management had increased its stake in the pay-as-you-go wireless carrier to 5.65%. Pentwater has repeatedly criticized Leap management for not doing enough to earn a return for shareholders.
    | Aug. 30, 2011, 9:06 AM | Comment!
  • Aug. 29, 2011, 5:54 PM
    AT&T's (T) 5.9% dividend yield is drawing some attention from income and value investors. Ben Sender thinks the yield, along with AT&T's low payout ratio and high profit margin, makes for a compelling risk/reward balance; and EconMatters believes the yield makes AT&T "an ideal hedge" against the Fed's low interest rate policy.
    | Aug. 29, 2011, 5:54 PM | Comment!
  • Aug. 29, 2011, 7:48 AM
    Verizon Wireless (VZ, VOD), AT&T (T), and T-Mobile are forming a $100M mobile payments JV that will enable consumer payments via NFC technology. The venture, named Isis, will compete directly with Google Wallet (GOOG), and has already struck deals with leading credit-card providers. (previously)
    | Aug. 29, 2011, 7:48 AM | Comment!
  • Aug. 26, 2011, 1:36 PM
    The FCC is restarting its 180-day review of the AT&T/T-Mobile (T) merger, with 98 days left to go. AT&T has said it expects to close the deal in Q1 2012, though an FCC announcement earlier this month has fed hopes among the deal's opponents that the agency will give it close scrutiny.
    | Aug. 26, 2011, 1:36 PM | 1 Comment
  • Aug. 26, 2011, 10:18 AM
    A J.D. Power study finds Verizon (VZ) to be the most reliable wireless carrier in the vast majority of the U.S.; AT&T (T), by contrast, is placed "at or close to the bottom" of rankings for much of the country. Verizon is hoping its reputation for superior coverage and reliability will help the company's premium pricing strategy succeed.
    | Aug. 26, 2011, 10:18 AM | Comment!
  • Aug. 25, 2011, 2:09 PM
    Samsung (SSNLF.PK) reportedly plans to sell its popular Galaxy S II smartphone in the U.S. via AT&T (T), Sprint (S), and T-Mobile - but not Verizon (VZ). At first glance, this is good news for Motorola (MMI) and HTC (HTCCF.PK), and incrementally so for Apple (AAPL). But it's possible Verizon's just waiting for Samsung's rumored 4G Celox phone to arrive.
    | Aug. 25, 2011, 2:09 PM | Comment!
  • Aug. 25, 2011, 4:26 AM
    The FCC yesterday asked AT&T (T) for more details on why it needs to buy T-Mobile (DTEGY.PK) following the accidental disclosure that AT&T could expand its high-speed wireless service to 97% of the U.S. for less than a tenth of the $39B it would pay for T-Mobile.
    | Aug. 25, 2011, 4:26 AM | 2 Comments
  • Aug. 24, 2011, 10:35 AM
    Analysts find mostly good news but some bad in the report that Sprint (S -0.7%) will sell the new iPhone (AAPL). Wells Fargo: "With an iPhone in its arsenal, S’s value message will continue to resonate with customers - especially vs. T and VZ." But "be careful what you wish for," Baird says, citing pressure on Sprint’s EBITDA given "upfront iPhone subsidy costs."
    | Aug. 24, 2011, 10:35 AM | 1 Comment
  • Aug. 19, 2011, 12:47 PM
    MHR Capital continues to take a bigger stake in Leap Wireless (LEAP +0.2%), adding another 1.9M shares this week to its tally according to a SEC filing. Fellow-shareholder Pentwater Capital is trying to block the investment firm - co-founded by LEAP's chairman - from taking a controlling interest.
    | Aug. 19, 2011, 12:47 PM | Comment!
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.