Seeking Alpha

AT&T Inc. (T)

  • Mar. 21, 2011, 2:10 PM
    The AT&T (T) deal "would be phenomenal... if it happens," Credit Suisse's Jonathan Chaplin says, but a merger between two of the four biggest U.S. cellphone operators carries “enormous” regulatory risks. “We can’t see how [AT&T] would get this through without massive divestitures and concessions... We have never seen a deal with more regulatory risk attempted in the U.S."
  • Mar. 21, 2011, 11:53 AM
    In more market aftereffects of the AT&T (T)/T-Mobile (DTEGY.PK) tie-up, cell service-tower companies tumble on the prospect that one less 4G network will need to be built: American Tower (AMT) -6.9%; Crown Castle (CCI) -4.9%; SBA Communications (SBAC) -8.1%. But RBC says buy the dip, rating all three Outperform and expecting new site leases will keep coming.
    | Comment!
  • Mar. 21, 2011, 10:53 AM
    A deal between AT&T (T) and T-Mobile deal may cause short-run pain for network equipment stocks ADTN, ALU, CIEN, ERIC, JNPR, NOK and PWAV. In the long run, T will have more market clout with its suppliers, and may push its own vendors (ALU, ERIC and JNPR) into T-Mobile's network.
    | Comment!
  • Mar. 21, 2011, 10:25 AM
    How the AT&T (T) deal for T-Mobile (DTEGY.PK) might affect the competition: Verizon (VZ) may consider a deal with Sprint (S), MetroPCS (PCS +6.2%) or Leap Wireless (LEAP +12.8%), though they would come with “a variety of issues.” Sprint is at risk since it has lost a potential merger partner and faces an even bigger competitor, while Clearwire’s (CLWR -3.2%) predicament has "grown worse."
    | 1 Comment
  • Mar. 21, 2011, 10:12 AM
    AT&T's (T +1.8%) purchase of T-Mobile USA (DTEGY.PK +12.9%) means Sprint (S -12.3%) is further eclipsed by Verizon (VZ +3.1%) and the new AT&T; "three out of every four wireless subscriptions [would] belong to those two companies [and] puts [Sprint] into a much weaker no. 3 position," likely forcing it to compete more aggressively on price to differentiate itself and attract subscribers.
    | Comment!
  • Mar. 21, 2011, 9:08 AM
    JPMorgan Chase (JPM) extends its market share lead over Goldman Sachs (GS) in merger advice after AT&T's (T) $39B purchase of T-Mobile USA (DTEGY.PK). The deal prompts bankers to announce the start of a trend, which they expect to continue this year and represent the full recovery of the M&A market. JPM +1.2%, GS +1.2% premarket.
    | Comment!
  • Mar. 21, 2011, 9:00 AM
    Premarket gainers: CRIS +15%. URG +15%. VRGY +10%. URZ +9%. TSEM +8%. URRE +8%. DNN +7%. UEC +7%. GPL +6%. CCJ +6%. TIF +5%. T +5%. ALU +5%. CIGX +4%. VOD +4%. USU +4%. SSN +4%. WTSLA +4%. SVU +4%. SLW +4%. BCS +4%.
    Losers: XNPT -12%. S -11%. AMT -7%. CTIC -4%.
    | 1 Comment
  • Mar. 21, 2011, 8:05 AM
    Shares of Sprint Nextel (S) - soon to be the only major wireless carrier without the iPhone (AAPL) - are down a whopping 12% premarket. Sources say AT&T's (T) courting of T-Mobile USA (DTEGY.PK) was partly a ploy to break up merger talks between Sprint and T-Mobile, and that Sprint remains "a lackluster target." DT +13.4% in Frankfurt. T +2.7%. VZ +2%.
    | Comment!
  • Mar. 20, 2011, 8:11 PM
    The AT&T (T)/T-Mobile (DTEGY.PK) combo makes sense on many different levels, Roger Entner writes: "At 7.1x Ebita and about $1,000 per sub, AT&T has struck a great bargain. DT, which acquired VoiceStream for $24B in 2001, is profitably exiting a growing headache." And Sprint (S)? The merger will allow (and force) it to clearly define itself as the value leader in the U.S. market.
  • Mar. 20, 2011, 3:11 PM
    Deutsche Telecom (DTEGY.PK) will receive $25B in cash from AT&T (T), and the remainder in shares - giving it an 8% stake in the U.S. carrier. JPMorgan (JPM) will lend AT&T $20B for 18 months to fund the cash portion. The value of synergies created "is expected to exceed the purchase price," AT&T says. (PR)
    | 1 Comment
  • Mar. 20, 2011, 3:05 PM
    Breaking: AT&T (T) to buy T-Mobile USA from Deutsche Telecom (DTEGY.PK) for $39B in cash and stock. Noting the cut-throat nature of the U.S. telecom market, AT&T says the deal "quickly provides the spectrum and network efficiencies necessary for AT&T to address impending spectrum exhaust in key markets driven by the exponential growth in mobile broadband traffic on its network." (PR)
  • Mar. 9, 2011, 7:41 AM
    Sprint (S) is once again considering a tie-up with T-Mobile USA (DTEGY.PK) as both struggle to stay competitive with larger rivals AT&T (T) and Verizon (VZ). But sources say a quick deal is unlikely, as the firms disagree on deal price and the leadership structure of a combined company.
  • Mar. 2, 2011, 1:29 PM
    Aside from the appearance of Steve Jobs (still on medical leave), few surprises so far in Apple's (AAPL +1%) event: The iPad 2 is coming March 11, thinner, lighter and with front and back cameras, and available on AT&T (T) and Verizon Wireless (VZ, VOD) from the start. The tablet generated $9.5B in revenue last year.
  • Mar. 1, 2011, 4:22 PM
    AT&T (T -1.1%) and other corporations do not have personal privacy rights to prevent disclosure of federal government records about them, the U.S. Supreme Court rules. The justices unanimously overturn an appeals court ruling that corporations can assert personal privacy in claiming the records should be exempt from disclosure.
  • Feb. 25, 2011, 2:51 PM
    Consumer Reports says Verizon's (VZ) iPhone4 (AAPL) has the same "you're holding it wrong" problem as the AT&T (T) version: "It can occur when you hold either version of the phone in a specific but quite natural way in which a gap in the phone's external casing is covered. The phone performs superbly in most other respects, and using the iPhone4 with a case can alleviate the problem."
  • Feb. 22, 2011, 4:21 PM
    Leap Wireless International (LEAP): Q4 EPS of -$3.28 may not be comparable with consensus of -$1.10. Revenue of $708M (+13% Y/Y) beats by $76M. Shares -3.9% AH. (PR)
    | Comment!
Visit Seeking Alpha's
T vs. ETF Alternatives
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.