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AT&T Inc. (T)

  • Mar. 22, 2013, 3:45 AM
    AT&T West (T) wireline staff "fail to ratify" a new three year contract after the company had reached a tentative agreement with the workers' union in February. The deal would have covered over 17,000 employees in California and Nevada. Staff in other parts of the country have approved new contracts over the past several months. (PR)
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  • Mar. 21, 2013, 8:10 PM
    FCC chairman Julius Genachowski will announce tomorrow he's stepping down, the WSJ reports. AT&T (T) and Verizon (VZ) might be pleased to see him go: worried about the telcos achieving near-duopoly status in the U.S. mobile market, Genachowski helped derail the AT&T/T-Mobile USA merger and required major concessions from Verizon before signing off on its cable spectrum purchases. He has also been a supporter of municipal broadband projects, which AT&T and other incumbents have tried to derail.
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  • Mar. 15, 2013, 4:17 PM
    AT&T (T) could acquire Vodafone's (VOD) non-U.S. assets if reported talks between Verizon (VZ) and Vodafone lead to a merger, thinks BofA/Merrill. Analyst David Barden estimates $70B would be enough for AT&T, which has made its interest in foreign expansion clear, to buy Vodafone's giant collection of international mobile properties. (tower sales)
  • Mar. 15, 2013, 12:26 PM
    With its cable spectrum purchases on the books, Verizon Wireless (VZ, VOD) is planning to build 5K 4G cell sites this year in the AWS band, whose airwaves feature less range but more bandwidth than those in the 700 MHz. band where Verizon's 4G buildout has taken place. The expansion suggests Verizon is now focused on improving 4G capacity/speeds rather than coverage (where it has an edge). Separately, Wells Fargo says checks indicate Verizon is taking share from AT&T (T), that both are taking share from Sprint (S), and that Sprint is taking share from T-Mobile.
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  • Mar. 14, 2013, 6:01 PM
    AT&T (T) is indeed thinking of selling cell towers (among other assets), a company spokesman tells Bloomberg. However, the evaluation process is said to be in its early stages. Bloomberg points out some other reasons why AT&T may want to raise cash: growing capex, huge stock buybacks, and a hefty dividend (4.9% yield). AT&T had $69.8B in debt on its balance sheet as of Dec. 30. (RBC report)
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  • Mar. 14, 2013, 3:55 PM
    AT&T (T) might sell wireless tower assets for a "mid-$5 billion" or higher price tag, thinks RBC's Jonathan Atkin. Noting T-Mobile USA and other peers have already sold towers to raise cash, Atkin believes Ma Bell could put ~14.5K towers on sales, and sees American Tower (AMT) as the most likely buyer. His comments come amidst multiple reports (I, II) of AT&T eying foreign investments/acquisitions.
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  • Mar. 11, 2013, 10:05 AM
    AT&T (T) will sell the BlackBerry Z10 (BBRY +5.2%) for $200 with a 2-year contract, starting on March 22. AT&T will also sell BES 10 to enterprise accounts. The announcement seems to be giving a lift to heavily-shorted BlackBerry - Bloomberg reported of a March 22 Z10 launch date last week. (PR)
  • Mar. 10, 2013, 3:59 AM
    AT&T (T) is reportedly looking at acquiring a 25% stake in Indian telecom venture Reliance Jio Infocomm for $3.5B in a deal that would represent the largest foreign direct investment in India. Reliance Jio Infocomm, which is controlled by the country's richest man, Mukesh Ambani, hasn't yet begun operating; it aims to break even within three years of starting services.
  • Mar. 8, 2013, 10:58 AM
    Looking to protect the duopoly/near-duopoly positions they have in many U.S. broadband markets, U.S. telcos and cable companies are lobbying hard to put an end to publicly-funded broadband networks, arguing (without irony) such networks hurt competition. AT&T (T), Time Warner Cable (TWC), Windstream (WIN), and Comcast (CMCSA) are some of the incumbents to have mounted lobbying efforts, which have led at least 19 states to place restrictions on public broadband investments.
  • Mar. 6, 2013, 6:37 PM
    AT&T (T) will begin selling the BlackBerry Z10 (BBRY) on March 15, N4BB reports. The timing of Verizon Wireless' Z10 launch is said to be "still up in the air, but could be as late as April with a white Z10 exclusive." AT&T's supposed launch date meshes with past comments from Thorsten Heins.
  • Mar. 6, 2013, 11:57 AM
    With the White House having given its support to legalizing the unlocking of cell phones, Sen. Ron Wyden has introduced a bill that would do just that. Passage of the bill could lead to a bump in churn for U.S. carriers, as consumers are no longer required to buy a new phone (and, should they want a subsidy, agree to a contract) to switch carriers. However, some phones only work on a particular carrier's network due to band compatibility issues, and carriers could start requesting more such devices in an effort to keep customers from leaving.
  • Mar. 5, 2013, 3:27 AM
    White House adviser David Edelman said the Obama Administration supports changing the law so that consumers can unlock their cell phones and tablet computers so they can work on another operator's network. Mobile users had been allowed to unlock their devices without their carrier's permission until a recent change in the regulation by the Library of Congress' Copyright Office.
  • Feb. 27, 2013, 7:08 PM
    Leap Wireless (LEAP -2.3%) might end up with a lot of spare iPhones in its warehouses. The prepaid carrier disclosed in its 2012 10-K it's on pace to buy only half the iPhones it has agreed  to purchase from Apple as part of its commitment. BTIG's Walter Piecyk thinks Leap, which sells the 16GB iPhone 5 for $500 without contract, could be on the hook for $100M worth of extra iPhone purchases in 2013, and $450 over the course of its 3-year deal.  (Muve spinoff)
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  • Feb. 27, 2013, 1:40 PM
    Leap Wireless (LEAP -1.6%) is spinning off its Muve Music service into a separate company; no details for now on whether Muve will be publicly traded, or whether Leap will maintain ownership. Muve, which provides access to a song library for $10/month, had 1.1M subs at the end of 2012, up from 600K a year earlier. But that still leaves it with a much smaller base than Spotify, and more competition could soon be on the way.
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  • Feb. 26, 2013, 11:59 AM
    Over 30 companies have sought licenses for AT&T's (T) Digital Life home automation/monitoring solution, an exec states at the Mobile World Congress. Ma Bell has been ramping its investments in connectivity services for non-traditional devices. The telco just formed a partnership with private OnAsset Intelligence to provide air cargo-tracking services, and (starting with 2015 models) will replace Verizon as GM's mobile connectivity partner for its OnStar service.
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  • Feb. 21, 2013, 1:00 PM
    Sprint (S -0.4%) is on the lookout for additional deals that can increase its spectrum position, says CEO Dan Hesse. The comments come even as rivals argue Sprint will have an oversized spectrum position if/when the Clearwire (CLWR +1%) acquisition goes through. Leap Wireless (LEAP -3.2%), always discussed whenever spectrum-related M&A deals are brought up, is adding to yesterday's post-earnings losses.
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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.