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AT&T Inc. (T)

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  • Oct. 24, 2012, 7:33 AM
    AT&T (T): Q3 EPS of $0.62 beats by $0.02. Revenue of $31.5B (flat% Y/Y) misses by $120M. (PR)
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  • Oct. 24, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: AEP, ALXN, ATI, BA, BMY, CP, DAL, DPS, DTE, EAT, ECA, ELN, EMC, GD, GLW, HCBK, IACI, KMB, LCC, LL, LLY, LMT, LO, LVLT, MSI, NDAQ, NEE, NOC, NYB, OC, PVR, PX, RCI, REGN, RES, SAP, T, TMO, TROW, WYN
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  • Oct. 23, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: AEP, ALXN, ATI, BA, BMY, CP, DAL, DPS, DTE, EAT, ECA, ELN, EMC, GD, GLW, HCBK, IACI, KMB, LCC, LL, LLY, LMT, LO, LVLT, MSI, NDAQ, NEE, NOC, NYB, OC, PVR, PX, RCI, REGN, RES, SAP, T, TMO, TROW, WYN
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  • Oct. 19, 2012, 2:52 PM
    "You say the [U.S. mobile] market is overly saturated. I think that’s totally wrong ... I would say in the near future three lines, four lines, five lines per capita is possible," says SoftBank CEO Masayoshi Son, showing a clear interest in boosting Sprint's (S) subscriptions for tablets and other non-phone devices. AT&T (T) and Verizon (VZ) have sought to boost non-phone subscriptions via their shared data plans, but the plans are generally costlier than the ones that preceded them. (MetroPCS) (also)
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  • Oct. 19, 2012, 9:06 AM
    AT&T (T) is requesting the Department of Labor allow it to use $9.5B in preferred equity interest in its wireless division to help cover a pension shortfall that totaled $10.2B at the end of 2011. The contribution, which AT&T hopes will be approved by the end of 2013, will entitle cash distributions of $560M/year. AT&T would have the right to buy back the preferred interest after 5 years. (Verizon/Prudential)
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  • Oct. 18, 2012, 12:14 PM
    More on Nokia: 1) Stephen Elop suggests he wouldn't object to a Microsoft (MSFT) smartphone, claiming one would be "a stimulant to the [Windows Phone] ecosystem." Elop has said he has "no indications" a Microsoft phone is one the way, but the rumor mill has been busy (I, II). 2) China Mobile (CHL), the world's biggest carrier, will sell a Lumia 920 variant starting in November. 3) WPCentral reports AT&T's (T) U.S. exclusive on the Lumia 920 will last for 6 months.
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  • Oct. 15, 2012, 10:18 AM
    AT&T (T -1.1%) and Verizon (VZ -1.1%) edge lower after Sprint (S +0.2%) and SoftBank (SFTBF.PK) make their deal official - shares had already fallen a bit on Thursday following initial reports about the deal.  In the PR announcing the acquisition, SoftBank CEO Masayoshi Son bragged about his company's success in taking Japanese mobile share by "by introducing differentiated products to an incumbent-led market." SoftBank fell 4.9% in Tokyo today, adding to Friday's big losses. (more)
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  • Oct. 12, 2012, 4:59 PM
    SoftBank's (SFTBF.PK) history suggests an acquisition of Sprint (S -1%) would mean big things for the U.S. mobile industry, notes Tero Kuittinen. Thanks to aggressive pricing, SoftBank managed to turn an also-ran Japanese carrier (the former Vodafone Japan) into the market's subscriber add leader shortly after acquiring it in '06, and has kept its lead since. Should AT&T (T) and Verizon (VZ), who seem happy to maintain premium pricing, be worried? (more)
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  • Oct. 11, 2012, 11:07 AM
    More on Sprint/SoftBank: David Faber claims SoftBank's talks with Sprint (S +19%) also cover the acquisition of Clearwire (CLWR +38.8%). He adds a 3-way deal featuring T-Mobile was considered, but talks fell apart due to antitrust concerns, leading T-Mobile to go after MetroPCS (PCS -6.1%). Sources tell Faber a SoftBank/Sprint deal, though not yet finalized, could happen in a week or two. SoftBank reportedly thinks Sprint and Clearwire's spectrum will allow it to challenge the AT&T/Verizon "duopoly." (more)
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  • Oct. 11, 2012, 10:12 AM
    Sprint (S +12.6%) has given back a chunk of the early gains it saw on a report SoftBank is in talks to buy a majority stake in the #3 U.S. carrier. SoftBank's cool response to the report - the Japanese carrier calls it "based on speculation" - might have something to do with the pullback. Analyst Kevin Roe thinks the report could indicate a ~$6.40/share offer price - Sprint is currently moving at $5.68. Verizon (VZ -1.2%) and AT&T (T -0.9%) are off moderately. (also)
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  • 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%.
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  • 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.
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  • 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.
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  • 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.
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  • 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)
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  • 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.
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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.