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AT&T Inc. (T)

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  • Jun. 7, 2011, 2:10 PM
    AT&T (T) gets a little help from its friends in its quest to win approval of a T-Mobile (DTEGY.PK) takeover. Eight tech giants - Facebook, MSFT, YHOO, ORCL, RIMM, QCOM, BRCD and Avaya - and 10 venture capital firms file letters with the FCC supporting AT&T’s argument that the deal will help meet the growing need for wireless broadband services.
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  • May 31, 2011, 3:37 PM
    As critics line up against the proposed $39B mega-merger between AT&T (T) and T-Mobile (DTEGY.PK), Sprint (S) ratchets up the pressure, formally asking the FCC to block the takeover while urging consumers to send Twitter messages. Sprint shares have jumped 13% in the past two weeks, and some see the rise as an "interesting tea leaf" forecasting the deal's fate.
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  • May 28, 2011, 3:09 PM
    The FCC asks AT&T (T) for more info on its planned merger with T-Mobile USA (DTEGY.PK), including claims on spectrum shortages, coverage overlaps and plans to close facilities.
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  • May 27, 2011, 2:46 AM
    Lawmakers from both sides of the aisle expressed skepticism yesterday that AT&T's (T) planned purchase of T-Mobile (DTEGY.PK) would bring consumers the benefits the two companies claim, and worried about the impact on innovation and competition. State regulators are equally concerned.
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  • May 25, 2011, 3:21 PM
    Sprint (S +1%) has "a better product, a better network, better customer service" than before, resulting in lower churn and higher customer satisfaction, and the stock's low valuation makes it a good time to step in and buy, TPG-Axon's Dinakher Singh says. AT&T's (T) deal with T-Mobile (DTEGY.PK) is a "huge win" because it took out the company’s "worst competitor."
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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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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.