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AT&T Inc. (T)

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  • Jul. 7, 2013, 1:09 AM
    AT&T (T) and Chernin Group have reportedly submitted a joint offer to acquire Hulu from Disney (DIS), 21st Century Fox (FOX) and Comcast (CMCSA), although it's not clear if the previous suitors of the Internet video service made bids ahead of the deadline on Friday for binding proposals. Those suitors include DirecTV (DTV), Yahoo (YHOO), Time Warner Cable (TWC) and KKR (KKR). Chernin is led by Peter Chernin, who founded Hulu when he was a senior exec at News Corp. (Previous)
  • Jul. 3, 2013, 2:00 PM
    Verizon's (VZ) rumored plan to expand into Canada could pay for itself just via roaming fee savings, thinks BMO's Kevin Manning. Manning estimates Verizon paid $300M-$350M in 2012 roaming fees, a range equal to 1/6 to 1/7 of the $2B he thinks Big Red would have to spend to become a Canadian mobile player. He sees the savings adding $0.06-$0.10 to EPS. Meanwhile, Macquarie thinks both Verizon and AT&T (T) are looking to make acquisitions before interest rates rise (presumably thanks to Ben Bernanke's plan to wind down QE). "Everyone is talking to everyone and nothing is off the table." (Verizon/Vodafone) (AT&T/Europe)
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  • Jul. 3, 2013, 10:07 AM
    Leap Wireless (LEAP +3.4%) jumps following an upgrade to Neutral from Macquarie's Kevin Smithen, which thinks the odds of a $10+/share acquisition by T-Mobile USA or Dish have grown. Smithen thinks the recent run-up in T-Mobile (TMUS) shares has made a deal easier for the #4 U.S. carrier to swallow, and considers the concentration of Leap's equity in a few holders "both a catalyst and an obstacle for a sale." He cautions Leap's "already eroding operating business" could be further pressured by T-Mobile's plans to enter Leap markets (via MetroPCS), but adds it could "drive Leap's Board and key holders to sell now."
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  • Jun. 20, 2013, 4:37 PM
    AT&T (T) considered buying up to a 29.9% stake in Telefonica (TEF) before the Spanish government said no, has mulled buying France Telecom (FTE)/Deutsche Telekom's (DTEGY.PK) Everything Everywhere U.K. mobile JV and Telefonica's O2 U.K. unit or Latin American ops, and "remains interested" in Vodafone (VOD) assets, Bloomberg reports. A merger with Telefonica has also been explored, even though AT&T's ties with America Movil (AMX) would complicate matters. Meanwhile, the FT reports CEO Randall Stephenson is meeting with EC telecom regulator Neelie Kroes. It safe to assume Ma Bell is serious about expanding abroad in order to offset slumping U.S. growth. (previous)
  • Jun. 6, 2013, 11:13 AM
    AT&T (T) has reportedly joined the ranks of companies weighing bids for Hulu (DIS, CMCSA, NWS): sources tell Kara Swisher Ma Bell is in talks with a company run by former News Corp. COO Peter Chermin to make a joint offer for the online video site. But before investors start mulling the potential U-verse and mobile implications, it should be noted Yahoo, DirecTV, Time Warner Cable, and Guggenheim Partners have also been named as interested parties in recent weeks. (previous)
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  • May 16, 2013, 11:07 AM
    Deutsche Telekom (DTEGY.PK) can sell its 74% stake in T-Mobile USA (TMUS +2.5%) prior to the end of an 18-month lockup period if it receives a buyout offer for the entire stake, says CFO Timotheus Hoettges. The comments seem to be giving a lift to the #4 U.S. carrier. T-Mobile CFO Braxton Carter recently stated his company wanted to extend the footprint of the MetroPCS brand by ~100M POPs over the next 6 quarters. T-Mobile is counting on 4G support to give MetroPCS an edge over prepaid rivals such as Leap (LEAP) and AT&T's 3G-only Aio prepaid service.
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  • Apr. 15, 2013, 5:00 PM
    If Dish (DISH -2.3%) fails to buy Sprint (S +13.8%), it will have "few other attractive options" in mobile, points out TownHall Research: it thinks Dish's mobile efforts could be delayed by a over a year if Sprint turns it down. FBR notes Sprint, Dish, and Clearwire (CLWR -3.2%) have a combined $45B in debt, and predicts a higher bid from SoftBank (SFTBF.PK), whose scale and ability to reposition Sprint remain selling points. With Charlie Ergen saying Dish wants to differentiate its offerings via integrated services rather than pricing, rivals (T, VZ, PCS) are likely hoping Dish beats out SoftBank, which many believe plans to launch a price war. (more)
  • Apr. 15, 2013, 11:03 AM
    MetroPCS (PCS -3.6%) and Leap Wireless (LEAP -2.5%) slump in the wake of Dish Network's $25.5B offer for Sprint. The offer, which comes shortly after Bloomberg reported Dish had proposed a tie-up with T-Mobile USA (DTEGY.PK), removes T-Mobile/MetroPCS as an M&A target (for now, at least), and lowers the odds of an offer for Leap. Should a Dish/Sprint merger happen, it would also potentially create a tougher rival for the low-end carriers, though Sprint/SoftBank would arguably do the same.
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  • Apr. 11, 2013, 12:52 PM
    Paulson & Co. says it will support Deutsche Telekom's (DTEGY.PK) revised offer for MetroPCS (PCS -0.1%). Schoenfeld Asset Management, another opponent of the original deal, says it's reviewing the deal terms. Nonetheless, with Paulson's votes added to the existing support of Madison Dearborn (another major MetroPCS investor), the deal's odds are looking good. MetroPCS shares are near breakeven, after trading higher AH yesterday on news of DT's new bid. LEAP -1.6%.
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  • Apr. 10, 2013, 3:56 PM
    Leap Wireless (LEAP +3.1%) is closing with a solid gain after the WSJ reported Deutsche Telekom is preparing a higher bid for prepaid rival MetroPCS. Leap, which had 45.4% of its float shorted as of March 15 (that's actually down from late-2012 levels), has often risen and fallen on M&A speculation.
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  • Apr. 2, 2013, 5:30 PM
    Verizon (VZ) doesn't "currently have any intention to merge with or make an offer for Vodafone (VOD), whether alone or in conjunction with others," the telco announces, addressing an FT report about a possible joint bid with AT&T (T). Verizon does reiterate it "would be a willing purchaser" of Vodafone's 45% stake in Verizon Wireless, but that's pretty well-known. VOD -3.9% AH. VZ -0.8%. T -0.3%.
  • Apr. 2, 2013, 5:26 AM
    Verizon Communications (VZ) and AT&T (T) have reportedly been working on a $245B breakup bid for Vodafone (VOD) whereby Verizon would realize its long-held dream of gaining full control of Verizon Wireless and AT&T would obtain Vodafone's non U.S. assets. "Usually reliable people" tell the FT that Verizon and AT&T would offer 260p a share in what would be the biggest takeover in history. Vodafone shares are +4.8% at 195.64 pence in London.
  • Mar. 14, 2013, 6:01 PM
    AT&T (T) is indeed thinking of selling cell towers (among other assets), a company spokesman tells Bloomberg. However, the evaluation process is said to be in its early stages. Bloomberg points out some other reasons why AT&T may want to raise cash: growing capex, huge stock buybacks, and a hefty dividend (4.9% yield). AT&T had $69.8B in debt on its balance sheet as of Dec. 30. (RBC report)
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  • Mar. 14, 2013, 3:55 PM
    AT&T (T) might sell wireless tower assets for a "mid-$5 billion" or higher price tag, thinks RBC's Jonathan Atkin. Noting T-Mobile USA and other peers have already sold towers to raise cash, Atkin believes Ma Bell could put ~14.5K towers on sales, and sees American Tower (AMT) as the most likely buyer. His comments come amidst multiple reports (I, II) of AT&T eying foreign investments/acquisitions.
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  • Feb. 21, 2013, 1:00 PM
    Sprint (S -0.4%) is on the lookout for additional deals that can increase its spectrum position, says CEO Dan Hesse. The comments come even as rivals argue Sprint will have an oversized spectrum position if/when the Clearwire (CLWR +1%) acquisition goes through. Leap Wireless (LEAP -3.2%), always discussed whenever spectrum-related M&A deals are brought up, is adding to yesterday's post-earnings losses.
  • Jan. 25, 2013, 10:56 AM
    AT&T (T) continues its spectrum-buying binge by acquiring 700 MHz.-band spectrum from Verizon Wireless (VZ, VOD) in exchange for $1.9B and higher-frequency spectrum. The licenses AT&T is buying cover 42M people in 18 states, and will be used to deploy 4G services. The deal comes shortly after AT&T agreed to buy ATN's wireless ops and spectrum, and received an FCC green light to buy 2.3 GHz. spectrum from NextWave and others. Verizon agreed to sell a large chunk of 700 MHz. licenses in exchange for receiving FCC approval for its cable spectrum purchases.
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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.