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AT&T Inc. (T)

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  • May 24, 2011, 3:55 PM
    Grumbles are growing over AT&T’s (T) planned $39B takeover of T-Mobile (DTEGY.PK), as Leap Wireless (LEAP) is the latest to come out against a deal. The acquisition "would reduce competition and decrease innovation and investment in the wireless industry," it says. Sprint (S) and MetroPCS (PCS) already have been vocal in their disapproval.
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  • May 20, 2011, 10:36 AM
    Sprint Nextel (S +3.5%) shares rally on Piper Jaffray's upgrade to Overweight from Neutral, which notes "improving operational trends" including improved revenue per customer, and increased confidence in its 4G network build. The pending merger of AT&T (T) and T-Mobile (DTEGY.PK) could “shake some gross add share loose” for Sprint.
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  • May 17, 2011, 9:39 AM
    Is Sprint (S) a match for CenturyLink (CTL)? CTL is the largest U.S. telecom company that lacks a wireless business, and Sprint needs a partner with AT&T (T) acquiring T-Mobile (DTEGY.PK). CTL has "a really good balance sheet and looking for areas to invest its capital... If Sprint can stabilize and then begin to grow its customer base, it becomes a growth vehicle for them."
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  • May 12, 2011, 2:11 PM
    AT&T (T) has promised to give Deutsche Telekom (DTEGY.PK) $6B - $3B in cash plus $2B worth of spectrum and a roaming agreement valued at $1B - as a breakup fee if U.S. regulators reject its proposed $39B purchase of T-Mobile USA, Reuters reports. The previously known cash agreement already is unusually high at 7.7% of the total deal price; the additions would imply a huge 15.4% break-up fee.
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  • May 11, 2011, 11:48 AM
    AT&T (T -0.4%) becomes the second carrier after Verizon (VZ -0.2%) to say it will sell Cisco's (CSCO +0.8%) Android-based Cius tablet computer. AT&T plans to offer the device in the fall to business customers but didn't disclose a price. (PR)
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  • May 11, 2011, 11:35 AM
    On Capitol Hill, AT&T (T -0.4%) chief Randall Stephenson says the proposed T-Mobile (DTEGY.PK) buyout is about capacity, as the firm's running out of airwaves and needs spectrum to "drive innovation and competitive prices." Meanwhile, Sprint Nextel (S -1.1%) CEO Dan Hesse previews his testimony at Sprint's annual meeting, saying the "very bad" AT&T deal will create a "1980s-style duopoly."
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  • May 9, 2011, 8:52 AM
    AT&T (T) suits up for the first of what will likely be several congressional hearings over its planned $39B acquisition of T-Mobile USA (DTEGY.PK). Sprint (S) and other rivals are preparing to testify on Wednesday as well, warning the tie-up will reduce competition and stifle innovation.
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  • May 6, 2011, 9:48 AM
    Morningstar sees plenty of debt capital capacity available at attractive terms to fund leveraged buyouts, which should lead to resurgence in M&A activity among private equity groups. Its latest list of top takeover candidate investment ideas: ATLN, AKAM, AEO, CLWR, CLD, LEAP, MYGN, HK, RRC, SNV.
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  • May 4, 2011, 4:38 PM
    Leap Wireless (LEAP): Q1 EPS of -$1.26 misses by $0.19. Revenue of $780M (+14% Y/Y) beats by $41M. Shares +0.04% AH. (PR)
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  • May 4, 2011, 8:23 AM
    AT&T (T), Verizon (VZ) and T-Mobile USA (DTEGY.PK) are scaling back their Isis mobile payments JV and will not build a network that would collect fees on transactions. The carriers are now creating a "mobile wallet" that stores a user's credit card information, but they need a new business plan, which is good news for traditional card companies like Visa (V) and MasterCard (MA).
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  • May 4, 2011, 12:10 AM
    Notable earnings after Wednesday's close: ACE, ARIA, ATML, BMC, BMR, CLD, CLWR, CXO, ERTS, ETP, EXPD, GG, GLBL, IO, JDSU, KIM, LBTYA, LEAP, MET, MTZ, MUR, NWSA, ONNN, PRU, RIG, TSLA, TSO, WFMI, WFR, WIN, WMB
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  • May 3, 2011, 11:58 AM
    A number of mobile phone firms are moving today, in sympathy with MetroPCS (PCS +8.3%) after it added record customers in Q1. MetroPCS said in a call it hoped an AT&T (T)/T-Mobile (DTEGY.PK) tie-up would free up divested spectrum to smaller companies that need it for growth. T +1.6%; VZ +0.9%; DTEGY.PK +0.7%; USM +0.6%.
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  • May 3, 2011, 9:27 AM
    The Justice Department reportedly extends its review of AT&T's (T) proposed $39B purchase of T-Mobile (DTEGY.PK), asking for more information and sending civil investigative demands to competitors, seeking data on how the transaction might affect their businesses - confirming the government's intent to "do a deep dive into the transaction to understand what the implications are."
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  • Apr. 27, 2011, 11:15 AM
    In a 5-4 split, the Supreme Court backs AT&T's (T +0.9%) Mobility unit and its ability to block customers from pursuing a class-action suit, ruling that arbitration requirements in phone contracts trump California law. The ruling could affect tens of millions of arbitration deals in California alone.
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  • Apr. 27, 2011, 7:33 AM
    Another cloud storage stock bites the dust as CenturyLink (CTL) acquires SAVVIS (SVVS) for $2.5B, or $40/share, an 11% premium. CenturyLink is the third largest telecom provider in the U.S.; the deal gives it more enterprise heft to compete with AT&T (T) and Verizon (VZ).
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  • Apr. 26, 2011, 1:38 PM
    AT&T's (T +1.3%) first bond offering since July will be for $3B in notes, ahead of $3.25B in maturities this year. It's not unusual for a company its size to have a lot maturing each year, and costs are low (average investment-grade corporate yield: 3.95%). AT&T had $59B in long-term debt before a $20B bridge loan to help finance acquiring T-Mobile (DTEGY.PK +1.4%).
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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.