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AT&T Inc. (T)

  • Jan. 8, 2013, 8:47 AM
    AT&T announces the sale of more than 10M smartphones in Q4 vs. 9.4M a year ago. "This included best-ever quarterly sales of Android and Apple smartphones." This would suggest Q4 iPhone sales in the 7M-8M range, says BI's Jay Yarow. AAPL +1%, T -1.3% premarket. (PR)
  • Jan. 7, 2013, 2:26 PM
    AT&T (T) introduces the U-verse Screen Pack, a $5/month movie streaming service for its TV subs. Some are calling the service a Netflix (NFLX) killer, but as AllThingsD's Peter Kafka points out, Screen Pack's relatively small content library makes it more on par with Comcast's Streampix, which hasn't exactly eaten Netflix's lunch. AT&T is also announcing new U-verse media-sharing apps, and a home security/automation service called Digital Life; the latter relies on a control panel developed by Cisco (CSCO).
  • Dec. 21, 2012, 5:57 PM
    AT&T (T) reaches a tentative 4-year deal with a branch of the CWA union that represents 20K wireline workers in 5 states. The deal, which comes ahead of the April 6 expiration of an existing agreement, stipulates annual wage hikes that gradually increase from 2.25% to 3%. It comes shortly after AT&T struck a deal with a CWA branch representing 22K workers. (PR)
  • Dec. 19, 2012, 1:50 PM
    Fresh off receiving a green light from the FCC to deploy 4G services in the 2.3 GHz. WCS band, as well as to buy WCS spectrum from Comcast, NextWave, and others, AT&T (T) has brought its LTE network to several new markets, as well as expanded coverage in New York, L.A., and elsewhere. Right now, AT&T mostly deploys LTE in the 700 MHz. AWS band, whose spectrum offers superior range relative to the WCS band, but less bandwidth - WCS is arguably better for urban areas.
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  • Dec. 18, 2012, 7:51 PM
    AT&T (T) gets the nod from the FCC to purchase Comcast (CMCSA) wireless licenses.
  • Dec. 17, 2012, 6:07 PM
    "With 20/20 hindsight, the Nextel merger was a mistake," states Sprint (S +0.2%) CEO Dan Hesse in a fairly candid interview. Hesse also admits Sprint had allowed its customer service to deteriorate, and that changing consumer perceptions will take time. As you'd expect, he still remains worried about AT&T and Verizon's market clout, SoftBank (SFTBF.PK) and Clearwire (CLWR) deals or not.  "Five years ago I wouldn’t have called them a duopoly. Today they’re darn close." (previous)
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  • Dec. 14, 2012, 2:24 PM
    Looking for ways to halt share losses to AT&T and Verizon, MetroPCS (PCS) and Leap Wireless (LEAP) are now providing financing options for prepaid phone purchases. A Leap exec claims the program could allow a customer to walk out of a store with an iPhone 5, which it sells for $500 without contract, after paying only $105. MetroPCS merger partner T-Mobile USA recently said it would end phone subsidies, but offer installment plans for purchases.
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  • Dec. 11, 2012, 1:18 PM
    In addition to lifting his Q4 iPhone activation forecast for AT&T (T +1.3%), JPMorgan's Philip Cusick is raising his postpaid net add forecast to 700K from 500K. Moody's, however, is cautioning multiples for U.S. telecom names have been inflated by yield-chasing investors, and could compress as dividend tax rates and interest rates rise. It also worries these events could drive telcos to perform "credit negative actions" to prop up their shares. AT&T closed the sale of $4B worth of debt today.
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  • Dec. 11, 2012, 11:05 AM
    Apple (AAPL +3.1%) has bounced to $546 with the help of positive analyst commentary. While Morgan Stanley talks up potential iTV interest, JPMorgan is raising its forecast for Q4 AT&T (T) iPhone activations to 8M from 7M. Also, ISI's Brian Marshall is expecting a strong Chinese iPhone 5 launch - China Unicom (CHU) just announced its pre-orders have topped 300K. (Apple Monitor)
  • Dec. 6, 2012, 4:25 PM
    Why was T-Mobile USA finally able to reach an iPhone deal? Because it's ending phone subsidies next year. In a radical move, the struggling low-end carrier says all phones it sells will soon have to be paid for in full, up-front or via installments. With the iPhone 5 (AAPL) selling for $649-$849 unsubsidized, its sales stand to be disproportionately affected. T-Mobile's move will hurt business with customers who demand high-end hardware for $200 or less, but will also allow it to shift entirely to its cheap Value Plans.
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  • Dec. 6, 2012, 12:12 PM
    It looks like T-Mobile USA is finally getting the iPhone: Deutsche Telekom (DTEGY.PK) says its U.S. unit "has entered into an agreement with Apple (AAPL +2.1%) to bring products to market together in 2013." It doesn't provide further details, other than to say the deal will hurt DT's 2013 free cash flow (likely thanks to big purchase requirements/subsidies). Many were expecting an announcement this week. MetroPCS (PCS +1.7%), slated to merge with T-Mobile USA, is up a bit.
  • Dec. 6, 2012, 9:27 AM
    Akamai (AKAM) +6.8% after announcing a long-rumored CDN reseller deal with AT&T (T). The companies say they'll offer "an exclusive suite of global CDN and telecom solutions" that rely on Akamai servers deployed on AT&T's network, and which will be jointly managed. Dan Rayburn reported in August Akamai was willing to guarantee AT&T $100M or more in sales, far more than Limelight (LLNW) was offering. The deal is a coup for Akamai, especially since many carriers are looking to offer home-grown CDNs. (PR)
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  • Dec. 5, 2012, 2:39 PM
    Though Verizon (VZ) has an edge on AT&T (T) when it comes to 4G LTE coverage, AT&T might soon open a lead in download speeds. Research firm TBR says it believes AT&T will launch 4G services based on the LTE Advanced standard, which supports 100 Mbps+ speeds (in lab environments anyway), in 2H13, citing recent executive comments. Verizon has said it will support LTE Advanced, but hasn't provided a timetable. Clearwire's (CLWR) LTE network will support the standard from the start.
  • Dec. 5, 2012, 11:21 AM
    AT&T (T) has bumped up its 2012 smartphone sales forecast to 26M from 25M, while adding 6.4M smartphones were sold over the first 2 months of Q4. For reference, Ma Bell sold 6M smartphones in the first 2 months of Q4 last year, and 6.1M in the whole of Q3. The disclosure is a modest positive for Apple (AAPL), given the iPhone accounted for 77% of AT&T's Q3 smartphone sales. And also for Synchronoss (SNCR), whose software provisions and activates AT&T's smartphones.
  • Dec. 4, 2012, 6:19 PM
    A U.S. appeals court has upheld a 2011 FCC ruling that requires major carriers such as Verizon Wireless (VZ) and AT&T (T) to strike mobile data roaming deals with smaller rivals on "commercially reasonable terms." In theory at least, this should make it easier for smaller carriers such as U.S. Cellular (USM), Leap Wireless (LEAP), and NTELOS (NTLS) to offer nationwide data services. However, the fact 4G phones rely on a smorgasbord of frequency bands could cause some problems.
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  • Dec. 4, 2012, 9:21 AM
    MetroPCS (PCS) -7.2% after 3 sources tell Reuters Sprint (S) is unlikely to make an offer for the discount carrier in the near-term, out of concern it would complicate the regulatory review of the SoftBank (SFTBF.PK) deal. Sprint could revisit a MetroPCS bid after the SoftBank deal closes, but with the T-Mobile/MetroPCS deal expected to close somewhere in 1H13, and Sprint and SoftBank shooting for a mid-2013 close, Sprint might not have much time. LEAP -1.6%. (previous)
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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.