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AT&T Inc. (T)

  • 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.
  • 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.
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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.