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AT&T Inc. (T)

  • Aug. 9, 2011, 11:11 AM
    Cablevision (CVC) drops 10% after reporting Q2 results that fell short of expectations. The Street might be particularly bothered by a 27K sequential decline in video subscribers, and a mere 5K gain in broadband subscribers - another indication of strong competition from VZ and T. Time Warner Cable (TWC) also fell after announcing Q2 results. (PR)
    | Aug. 9, 2011, 11:11 AM | Comment!
  • Aug. 4, 2011, 8:01 AM
    Gartner sees the number of mobile connections worldwide rising to 7.4B in 2015 from 5B in 2010, with mobile data revenue rising 115% along the way. Mobile data has been driving revenue growth for T, VZ and S, but the largest beneficiaries of these trends will likely be carriers in developing markets, such as CHL, CHU, MBT, and AMX.
    | Aug. 4, 2011, 8:01 AM | Comment!
  • Aug. 4, 2011, 7:39 AM
    Deutsche Telekom's (DTEGY.PK) T-Mobile USA division, set to be acquired by AT&T (T), reports a Q/Q net loss of 50K subscribers during Q2, including a loss of 281K postpaid subs. This continues a long string of subscriber losses for the carrier, and could bolster arguments that T-Mobile can't effectively compete as an independent carrier.
    | Aug. 4, 2011, 7:39 AM | Comment!
  • Aug. 3, 2011, 5:16 PM
    Leap Wireless (LEAP) falls 7.4% AH after reporting Q2 revenue of $760.5M (+14% Y/Y), below a $779.5M consensus. The company had a net gain of 29K voice subscribers, but a net loss of 132K broadband subscribers. Total subscriber churn rose 1.1% Q/Q to 4.2%. Voice subscriber churn rose 0.8% to 3.6%. Free cash flow was -$170M. (previously)
    | Aug. 3, 2011, 5:16 PM | Comment!
  • Aug. 3, 2011, 1:40 PM
    Bank of America sees a soft Q2 for Leap Wireless (LEAP -3.4%) - due to report after the close - maintaining a Buy rating with a $20 price target. Analysts see the shift of cellular business from voice to data pressuring firms on the lower-income end of the model, including LEAP rivals MetroPCS (PCS -1.1%) and Sprint (S +2.1%).
    | Aug. 3, 2011, 1:40 PM | 1 Comment
  • Aug. 2, 2011, 2:53 PM
    Leap Wireless (LEAP -18.3%) is falling in sympathy with rival MetroPCS (PCS -32.8%), as the latter's weak results bring into question the long-term success of discount wireless carriers. Leap, which has over $2.4B in net debt compared with $832M in equity, has seen negative free cash flow each of the last 3 years.
    | Aug. 2, 2011, 2:53 PM | Comment!
  • Aug. 2, 2011, 2:32 PM
    Strategy Analytics estimates 13% of U.S. households will subscribe to a "quad play" package of telecom services by 2016. That should benefit T and VZ, who are well-positioned to offer such packages in many areas, and be detrimental to CMCSA, TWC, and CVC, who have struggled to successfully bundle mobile services via partnerships.
    | Aug. 2, 2011, 2:32 PM | Comment!
  • Aug. 2, 2011, 10:42 AM
    AT&T (T -1.2%) may have reason for concern about lousy earnings from MetroPCS (PCS -32.3%) and Sprint (S -4%), Dave Kansas muses, since its proposed deal with T-Mobile (DTEGY.PK) would look better to regulators if AT&T had more competition. Sprint and others opposed to the deal will have a stronger argument that AT&T/T-Mobile would be too powerful.
    | Aug. 2, 2011, 10:42 AM | 1 Comment
  • Aug. 2, 2011, 8:55 AM
    More on MetroPCS (PCS): Q2 earnings missed the mark as margins declined on higher costs and a sharp slowdown in subscriber growth. New customer growth was the lowest in nearly 2 years as the pre-paid wireless provider tries to remain relevant in a market dominated by Verizon Wireless (VZ, VOD)and AT&T (T). Shares -16.5% premarket.
    | Aug. 2, 2011, 8:55 AM | Comment!
  • Aug. 2, 2011, 7:48 AM
    Synchronoss Technologies (SNCR), a developer of subscriber management software for service providers, is up 6.7% premarket after reporting Q2 non-GAAP revenue and EPS of $55.4M (+49% Y/Y) and $0.21, beating a consensus of $54.6M and $0.20. AT&T (T) accounted for nearly 50% of Q2 revenue. (PR)
    | Aug. 2, 2011, 7:48 AM | Comment!
  • Jul. 28, 2011, 1:32 PM
    AT&T’s (T) bid to acquire T-Mobile (DTEGY.PK) got a boost yesterday from 11 state attorneys general and a Louisiana regulator, all of whom suggested that the takeover would lead to better mobile service and thus would serve the public interest. But a top law firm that has handled past class actions against AT&T is trying to block the merger by inundating it with arbitration claims.
    | Jul. 28, 2011, 1:32 PM | 2 Comments
  • Jul. 28, 2011, 12:53 PM
    Time Warner Cable (TWC) drops 4.2% after releasing Q2 results. The market isn't pleased with the loss of 130k residential video subscribers, below analyst estimates, as competition from AT&T (T) and Verizon (VZ) takes its toll. Comcast (CMCSA -1.2%), Cablevision (CVC -0.8%), and Charter (CHTR -1.9%) are moving lower in sympathy. (PR) (transcript)
    | Jul. 28, 2011, 12:53 PM | Comment!
  • Jul. 26, 2011, 9:23 AM
    Ahead of Juniper's (JNPR) Q2 results today, there are concerns about whether the company can benefit further from Cisco's (CSCO) struggles. Investors are also concerned about customers waiting for upgrades to the company's innovative QFabric switching platform, and mixed capex messages from AT&T (T) and Verizon (VZ).
    | Jul. 26, 2011, 9:23 AM | Comment!
  • Jul. 25, 2011, 1:04 PM
    BGR reports AT&T (T) is informing employees it expects a surge in store traffic in September, suggesting this is when Apple's (AAPL) next iPhone will be introduced. During its FQ3 CC, Apple talked of a "future product transition" possibly affecting FQ4 sales, which was taken by many to mean a new iPhone will soon arrive.
    | Jul. 25, 2011, 1:04 PM | 4 Comments
  • Jul. 22, 2011, 4:41 PM
    Bernstein's Craig Moffett sees cable providers such as Comcast (CMCSA), Time Warner Cable (TWC), and Cablevision (CVC) having a rough Q2, expecting them to collectively lose 322K subscribers. However, Moffett doesn't see "cord cutting" as a big culprit, given the cable losses are offset by 386K net additions for AT&T (T) and Verizon's (VZ) fiber-based services.
    | Jul. 22, 2011, 4:41 PM | Comment!
  • Jul. 22, 2011, 3:35 PM
    A review of Verizon (VZ) and AT&T's (T) Q2 results shows the former outpacing the latter: While Verizon added 2.2M total subscribers and 1.3M retail post-paid subs, AT&T added 1.1M and 331K, respectively. AT&T did beat Verizon in iPhone activations, though this was likely impacted by AT&T having a larger iPhone user base to draw upgrades from.
    | Jul. 22, 2011, 3:35 PM | 1 Comment
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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.