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AT&T Inc. (T)

  • Mar. 22, 2011, 10:25 AM
    Verizon Wireless (VZ) CEO Daniel Mead says he has no interest in buying Sprint (S) even though Verizon will lose its top U.S. position in a merger of AT&T (T) and T-Mobile (DTEGY.PK). So who might come calling? 24/7's Doug McIntyre speculates that a buyer, such as SK Telecom, could come from overseas. "There is a sucker born every minute even among the world’s largest companies."
  • Mar. 22, 2011, 9:08 AM
    AT&T (T) follows its planned takeover of T-Mobile (DTEGY.PK) with the unveiling of the first 3-D smart phone in the U.S.: the LG Thrill 4G, featuring a "glasses-free" 4.3-inch stereoscopic 3-D display plus 4G speed. The iPhone may no longer be exclusive to AT&T, but the LG Thrill 4G is, and will go on sale in AT&T stores later this year.
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  • Mar. 21, 2011, 3:36 PM
    Key to AT&T’s (T) triumph over Sprint (S) in the T-Mobile USA (DTEGY.PK) acquisition: If the deal falls through, the company owes T-Mobile $3B in breakup fees. Sprint apparently had offered much less and couldn’t agree on a valuation.
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  • Mar. 21, 2011, 2:37 PM
    It's been a nice week for Evercore Partners (EVR +10.2%): First, it was an adviser in Berkshire Hathaway's (BRK.A) $9B takeover of Lubrizol (LZ). It had a hand in Charles Schwab’s (SCHW) $1B stock purchase of OptionsXpress (OXPS). Then, the big fish, AT&T’s (T) proposed $39B acquisition of T-Mobile USA (DTEGY.PK).
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  • 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.
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  • 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.
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  • 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."
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  • 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.
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  • 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.
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  • 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%.
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  • 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%.
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  • 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)
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  • 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.
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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.