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AT&T Inc. (T)

  • Jul. 15, 2013, 12:45 PM
    Midday top 10 gainers: LEAP +114%. IQNT +32%. FFEX +22%. TAYC +21%. LDK +19%. ADGE +17%. STP +17%. JKS +16%. AMCC +15%. GFED +14%.
    Midday top 10 Losers: BMJ -13%. INGR -10%. ARTW -9%. AEHR -9%. MDXG -8%. NCTY -8%. FHCO -7%. VSEC -7%. CRMB -7%. IMMY -7%.
    | Jul. 15, 2013, 12:45 PM | Comment!
  • Jul. 15, 2013, 9:11 AM
    Premarket gainers: LEAP +115%. KNDI +7%. SOL +6%. YGE +5%.
    Losers: SKM -6%.
    | Jul. 15, 2013, 9:11 AM | 1 Comment
  • Jul. 14, 2013, 2:21 AM
    Trading volume in Leap Wireless (LEAP) options leapt to 7,139 contracts vs an average of 1,320 contracts on Friday prior to the announcement that AT&T (T) has agreed to acquire the smaller carrier for $1.18B. The call-to-put ratio  was 20-1. "It appears that prior knowledge of this takeover may have been leaked and traded on," says options analyst Ophir Gottlieb. The authorities are pretty good at identifying the people who carry out these trades, including with deals involving Onyx Pharmaceuticals and Heinz.
    | Jul. 14, 2013, 2:21 AM | 9 Comments
  • Jul. 12, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: LEAP +29%. SNCR +3%. AT +3%. SHFL +2%. CYCC +2%.
    After-hours top losers: CODE -3%. DWA -3%. GOGO -2%. RSH -2%. GILD -2%.
    | Jul. 12, 2013, 5:30 PM | Comment!
  • Jul. 12, 2013, 5:23 PM
    More on AT&T/Leap: AT&T is paying $1.18B for Leap's equity, and assuming $2.8B in net debt. Leap shareholders will also receive net proceeds from the sale of spectrum Leap bought for $204M last August. Leap has 5M prepaid subs on a network covering 96M people, and AT&T says it will keep the Cricket brand and expand its reach. But this deal is mostly about acquiring Leap's spectrum (covers 137M people), much of which is unused and could be of use in AT&T's 4G buildout, especially in urban areas. Expect the FCC to closely scrutinize the deal; will new leadership yield a different outcome than the one for the T-Mobile deal? LEAP now +106.5% AH to $16.48, investors are betting on a higher bid. TMUS +4.1%. T -0.4%. (PR)
    | Jul. 12, 2013, 5:23 PM | 3 Comments
  • Jul. 12, 2013, 5:07 PM
    AT&T (T) is buying Leap Wireless (LEAP) for $15/share in cash. LEAP +88% AH to $15. Sprint (S) +1.7%. T-Mobile USA (TMUS) +0.4%.
    | Jul. 12, 2013, 5:07 PM | 6 Comments
  • Jul. 12, 2013, 1:26 PM
    Hulu's old media owners (DIS, CMCSA, FOXA) have decided not to sell the company, or even a stake in it, and will instead provide a $750M cash infusion while maintaining their current equity positions. Reported demands for a slew of streaming/licensing restrictions likely helped scuttle buyout/investment talks with the likes of DirecTV (DTV), Time Warner Cable (TWC), and AT&T/Chermin (T), much as they helped scuttle 2011 talks. Netflix (NFLX +4.4%) is probably pleased. (previous)
    | Jul. 12, 2013, 1:26 PM | 18 Comments
  • Jul. 11, 2013, 4:18 PM
    Sprint (S) overhauls its prices and provides lifetime unlimited voice/data guarantees just a day after the SoftBank (SFTBF.PK) merger closed. The carrier is offering smartphone users unlimited voice/text/data for $80/month for the first line on an account, with the price gradually dropping for lines 2-4. A $110/month plan that throws in 5GB of hotspot usage is also being rolled out. SoftBank CEO Masayoshi Son has made it clear Sprint will compete aggressively on price against AT&T (T) and Verizon (VZ), who have been trying to migrate subs to costly shared data plans. Sprint's announcement shortly follows the launch of T-Mobile's (TMUS) Jump smartphone upgrade plan.
    | Jul. 11, 2013, 4:18 PM | Comment!
  • Jul. 11, 2013, 2:19 PM
    A French court gives telecom regulator ARCEP the go-ahead to investigate AT&T (T) and Verizon's (VZ) interconnection deals with fellow carriers. ARCEP is interested in AT&T/Verizon's possible violation of net neutrality principles by charging carriers for heavy traffic loads (often stemming from video services such as Netflix and YouTube). Interestingly, ARCEP has the green light to probe AT&T/Verizon's non-EU activities as part of its efforts, to the extent they affect French Web users. The ruling comes amidst a dispute between Verizon and U.S. carrier Cogent over Netflix traffic, and EU raids on the offices of European carriers regarding possible interconnection abuses. (also)
    | Jul. 11, 2013, 2:19 PM | Comment!
  • Jul. 10, 2013, 12:37 PM
    T-Mobile USA (TMUS +1%) will unveil an unlimited phone upgrade program called Jump at a 2:30 PM ET event today, The Verge reports. The program, discussed in a CNET report earlier this year, would allow subs to pay the same price for a new phone as new customers, possibly in exchange for trading in their existing phones and paying a small monthly fee. T-Mobile eliminated traditional phone subsidies (and related contract requirements) earlier this year, but does offer installment plans for the iPhone and other high-end smartphones. The report comes at a time when AT&T (T) and Verizon (VZ) are starting to require subs wait a full 24 months to receive a fresh subsidy.
    | Jul. 10, 2013, 12:37 PM | Comment!
  • Jul. 9, 2013, 3:31 AM
    Hulu has reportedly received acquisition offers from DirecTV (DTV) and a consortium comprising Guggenheim Digital Media and private-equity firm KKR (KKR), as well as from a group made up of AT&T (T) and Chernin. Time Warner Cable (TWC) offered to acquire a stake and become an investor alongside Hulu's owners, 21st Century Fox (FOXA), Disney (DIS) and Comcast (CMCSA). There's no word on bid amounts, although DirecTV has offered over $1B in the past.
    | Jul. 9, 2013, 3:31 AM | Comment!
  • Jul. 7, 2013, 1:09 AM
    AT&T (T) and Chernin Group have reportedly submitted a joint offer to acquire Hulu from Disney (DIS), 21st Century Fox (FOX) and Comcast (CMCSA), although it's not clear if the previous suitors of the Internet video service made bids ahead of the deadline on Friday for binding proposals. Those suitors include DirecTV (DTV), Yahoo (YHOO), Time Warner Cable (TWC) and KKR (KKR). Chernin is led by Peter Chernin, who founded Hulu when he was a senior exec at News Corp. (Previous)
    | Jul. 7, 2013, 1:09 AM | 13 Comments
  • Jul. 5, 2013, 4:18 PM
    AT&T (T) has updated its privacy policy to give it the right to sell anonymous data about its users' locations and browsing/app activity to third parties. Potential buyers include marketers, retailers, research firms, and government agencies. Though privacy advocates can't be thrilled, Ma Bell and other U.S. carriers see a multi-billion-dollar opportunity enabled by the mobile data boom and the development of more powerful big data/analytics platforms. Verizon (VZ) launched its Precision Market Insights division last October to address the opportunity.
    | Jul. 5, 2013, 4:18 PM | 5 Comments
  • Jul. 3, 2013, 2:00 PM
    Verizon's (VZ) rumored plan to expand into Canada could pay for itself just via roaming fee savings, thinks BMO's Kevin Manning. Manning estimates Verizon paid $300M-$350M in 2012 roaming fees, a range equal to 1/6 to 1/7 of the $2B he thinks Big Red would have to spend to become a Canadian mobile player. He sees the savings adding $0.06-$0.10 to EPS. Meanwhile, Macquarie thinks both Verizon and AT&T (T) are looking to make acquisitions before interest rates rise (presumably thanks to Ben Bernanke's plan to wind down QE). "Everyone is talking to everyone and nothing is off the table." (Verizon/Vodafone) (AT&T/Europe)
    | Jul. 3, 2013, 2:00 PM | 1 Comment
  • Jul. 3, 2013, 10:07 AM
    Leap Wireless (LEAP +3.4%) jumps following an upgrade to Neutral from Macquarie's Kevin Smithen, which thinks the odds of a $10+/share acquisition by T-Mobile USA or Dish have grown. Smithen thinks the recent run-up in T-Mobile (TMUS) shares has made a deal easier for the #4 U.S. carrier to swallow, and considers the concentration of Leap's equity in a few holders "both a catalyst and an obstacle for a sale." He cautions Leap's "already eroding operating business" could be further pressured by T-Mobile's plans to enter Leap markets (via MetroPCS), but adds it could "drive Leap's Board and key holders to sell now."
    | Jul. 3, 2013, 10:07 AM | Comment!
  • Jun. 28, 2013, 1:30 PM
    AT&T (T) declares $0.45/share quarterly dividend, in line with previous. Forward yield 5.07% For shareholders of record July 10. Payable August 1. Ex-div date July 8. (PR)
    | Jun. 28, 2013, 1:30 PM | 5 Comments
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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.