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AT&T Inc. (T)

  • Mar. 30, 2011, 3:40 PM
    Investors may be following the potential merger of AT&T (T +2.3%) and T-Mobile (DTEGY.PK +1.1%), but the real telecom to watch is Vodafone (VOD -0.1%), fund manager David Green says. In a year or so, huge cash flow will start to come out of Verizon (VZ +0.9%), and 45% of it will go to Vodafone. When that happens, Green believes Vodafone could substantially raise its dividend yield.
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  • Mar. 30, 2011, 12:25 PM
    Unsurprisingly, AT&T (T) CEO Randall Stephenson says to expect divestitures of assets and customers as the company moves through a lengthy approval process for a $39B takeover of T-Mobile (DTEGY.PK), but that it's too early to know what's required beyond that. Verizon Wireless (VZ, VOD) is certainly keeping an eye on some castoff assets that it might scoop up.
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  • Mar. 29, 2011, 2:52 PM
    Telecom stocks are out front for the second straight day, but it's not just optimism over AT&T's (T) bid for T-Mobile (DTEGY.PK). Some of the advance could be defensiveness; telecoms are "a good place to hide" amid the recent market swings, one portfolio manager says. Also, high dividend yields are attractive to investors looking to switch out bond positions.
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  • Mar. 29, 2011, 1:39 PM
    Perhaps the first of many, New York's attorney general is reviewing the $39B AT&T (T)/T-Mobile (DTEGY.PK) deal that could create a "near duopoly" in mobile phones. Eric Schneiderman says he will "closely scrutinize" the deal for competitive concerns, particularly around low-cost phone availability.
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  • Mar. 29, 2011, 11:34 AM
    The smartphone market should grow 49% this year, four times faster than the overall mobile phone market, IDC reports - though that's off last year's 74% growth on pent-up demand. The firm says shipments will pass 450M units, Android (GOOG) will take the OS lead with 39.5% share to Apple's (AAPL) 16%, and that by 2015 Windows Phone (MSFT) will be No. 2 behind Android.
  • Mar. 29, 2011, 7:56 AM
    JPMorgan's (JPM) decision to single-handedly underwrite AT&T's (T) $20B bridge loan is a 'credit negative,' says S&P analyst Sean Jones. The move "highlights JPM's increased appetite for risk," and "may encourage more banks to take on greater single-risk exposure, which would be credit negative for the industry."
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  • Mar. 28, 2011, 2:52 PM
    Sprint (S) formally announces its opposition to AT&T's (T) deal with T-Mobile (DTEGY.PK): "The proposed acquisition would create a combined company that would be almost three times the size of Sprint in terms of wireless revenue and would entrench AT&T's and Verizon's duopoly control over the wireless market... Sprint urges the US government to block this anti-competitive acquisition." (PR)
  • Mar. 28, 2011, 10:53 AM
    After missing out on a big one, the AT&T (T)/T-Mobile (DTEGY.PK) deal, Goldman Sachs (GS) slips to fifth place in the "league tables" of U.S. M&A, and second place globally, according to Dealogic's measure of deal sizes. Both ranks are led by J.P. Morgan (JPM), part of AT&T's side, while T-Mobile's bank Morgan Stanley (MS) is No. 2 in U.S. and No. 3 globally.
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  • Mar. 28, 2011, 9:55 AM
    Robert W. Baird upgrades AT&T (T +1%), Verizon (VZ +0.8%), Leap Wireless (LEAP +4%) and Metro PCS (PCS +2.1%), calling AT&T's proposed acquisition of T-Mobile (DTEGY.PK) a "watershed event" benefiting all wireless carriers. "Reducing the number of nationwide providers... should improve pricing stability, which is all the more important in the face of surging data traffic."
  • Mar. 25, 2011, 3:50 PM
    Latest example that it's likely to be a big year for M&A activity: JPMorgan Chase (JPM) provides a $20B bridge loan to AT&T (T) to help its planned purchase of T-Mobile (DTEGY.PK) - the largest unsecured loan a bank has ever made to a client. A doubling of deal volume, as well as big deals such as AT&T's, has pushed worldwide M&A to $717B so far this year, up 58% Y/Y.
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  • Mar. 24, 2011, 10:36 AM
    An AT&T (T +1.2%) takeover of T-Mobile (DTEGY.PK) would transform it into a "truly wireless-first carrier," which could be worth an additional $5/share, Sanford Bernstein's Craig Moffett writes. In contrast to skepticism about regulatory approval, Moffett thinks the deal “has a real chance of approval,” given the skills of AT&T’s regulatory team.
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  • Mar. 24, 2011, 9:37 AM
    Regulators should block AT&T’s (T) planned takeover of T-Mobile (DTEGY.PK), FT's John Gapper writes. The U.S. already performs badly in fixed-line broadband services in terms of price and speed compared with other countries, and unless they're stopped, Verizon (VZ) and AT&T are on their way to replicating in mobile the power they exert in fixed-line, Gapper says.
  • Mar. 24, 2011, 8:58 AM
    Sure, Sprint (S +0.45%) has its problems and AT&T's (T) deal for T-Mobile (DTEGY.PK) isn't going to help. But the firm's shares are so battered at this point that they're actually trading at a discount to Sprint's net assets. Sprint's FCC licenses alone are worth $19.9B vs. the stock's $13.6B market cap.
  • Mar. 23, 2011, 5:50 PM
    T-Mobile (DTEGY.PK) customers who had dumped AT&T (T) - and there are many - aren't going back. "Look at the comment stream of almost any article on the deal and you will find similar reactions," Chunka Mui claims, adding that this sentiment, on top of the long regulatory approval process, will create opportunities for Verizon (VZ) and others to poach T-Mobile customers.
  • Mar. 22, 2011, 4:26 PM
    Sprint (S +2.5%) CEO Dan Hesse says he believes that AT&T's (T -0.6%) plan to take over T-Mobile (DTEGY.PK) would stifle innovation and hurt consumers. He gets support from consumer groups who worry that the deal would effectively render Verizon (VZ) and AT&T a duopoly: "They can totally cream the other guys... for consumers, [prices] will go up."
  • Mar. 22, 2011, 12:43 PM
    With a mega-merger like AT&T (T)/T-Mobile (DTEGY.PK) getting started, "the capex cake will not grow long-term," says Swedbank as analysts predict crimped margins and fewer orders for equipment suppliers like Ericsson (ERIC), Nokia Siemens (NOK, SI) and Alcatel-Lucent (ALU). Margins are higher in the U.S. to begin with, and a behemoth mobile firm would have power to demand lower prices on infrastructure.
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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.