|Bid||7.00 x 45900|
|Ask||7.23 x 28000|
|Day's Range||7.05 - 7.16|
|52 Week Range||5.35 - 7.90|
|Beta (3Y Monthly)||0.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.27|
This week's stories will set you up for big things to come. They include new plans for the Sprint campus, new digs for J. Rieger & Co. and WeWork, and a new investment fund for women-led companies.
(Bloomberg) -- Makan Delrahim, the U.S. Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc. and Sprint Corp. that he can pitch as a win for consumers. Here’s how he may do it.If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp. enough airwaves, prepaid customers and network access to emerge as a new national wireless competitor.That would allow T-Mobile and financially struggling Sprint to merge and create a stronger No. 3 rival to AT&T Inc. and Verizon Communications Inc. Dish’s role would satisfy the government’s longstanding demand that there be four national mobile-service companies remaining.“The right deal could be a genuine win for consumers, and if Delrahim structures it right, the facts and history will stand by him,” said Jonathan Chaplin, an analyst with New Street Research LLC.The Justice Department is nearing a final decision. While the broad outline of an accord has been established, key issues are still being debated -- including possible limits on Dish’s ambitions as a wireless carrier. The company owns billions of dollars in unused airwaves that could be tapped to create an even more formidable competitor if it’s free to obtain sufficient outside investment to build its own network, according to people familiar with the matter.Under that broad outline, Sprint’s airwaves would land in more financially stable hands. The No. 4 U.S. carrier has the most mobile-phone spectrum in the U.S. but has limited ability to build a network given its years of losses and financial constraints. Combining with No. 3 T-Mobile would solve those problems.Opponents LurkEven if Delrahim gives his blessing, he’ll still have to convince opponents that consumers won’t see higher prices and fewer choices. One point he’ll likely to highlight is that the deal provides a path to putting Dish’s trove of airwaves to work. The department declined to comment.Skeptics point out that the track record for competitors created by divestitures has been dismal. French communications firm Iliad SA became Italy’s fourth carrier last year after buying assets divested by two larger rivals that merged. Iliad had an initial surge in subscriber growth, followed by a slowdown across the sector.“The premise that this deal will be good for everyone may be a little overly optimistic,” said Phil Berenbroick of Public Knowledge, a consumer advocacy group in Washington. “It’s obvious how harmful they think the deal is if they have to create a remedy as extravagant as this.”New KidThe shift to wireless will be a challenge for Dish, which is better known as the second-largest U.S. satellite TV provider. Dish has no experience selling phones or operating a mobile service. As part of the deal taking shape, the company would take over fewer than 9 million prepaid customers from Sprint to get its wireless business started. But that’s a tiny runway to competing against incumbent carriers with 10 times more subscribers.The future looks better for T-Mobile. With Sprint’s spectrum, it will have nearly twice the wireless capacity of any other carrier. The company’s cost per gigabyte, a measure of how expensive it is to deliver service, will be cut in half, Chaplin said.“If that isn’t a recipe for lower prices and share gains, I don’t know what is,” he said.Judgment DayThe merger has already won a nod from the chairman of the Federal Communications Commission, provided the combined company divests its Boost prepaid business, freezes prices and deploys a 5G network that would cover 99% of the U.S. population within six years.If the Justice Department approves, T-Mobile and Sprint would gain an important ally as they fight a lawsuit challenging the merger brought in June by 13 states and the District of Columbia. The states argue the tie-up will harm competition and lead to higher prices.Chaplin said investors may provide a crucial clue when the Justice Department announces its now-expected approval.“Watch what happens to the stock price of AT&T and Verizon on the day the deal is announced,” he said. “That will be the best litmus test of whether the deal is good for consumers, or not. If their stock prices fall, it is probably a good deal for consumers.”\--With assistance from Todd Shields.To contact the reporters on this story: Scott Moritz in New York at firstname.lastname@example.org;David McLaughlin in Washington at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Collaboration between tech firms is likely to serve as a major landmark in the 5G history of the country, and sow the seeds for delivering the state-of-the-art technology beyond urban areas.
Back in late May, yours truly suggested the 5G opportunity Nokia (NYSE:NOK) has ahead of it made NOK stock a buy. The 37 commercial 5G contracts Nokia had inked at the time was lighting the path ahead for Finland's telecom-tech giant, despite the fact that NOK was still facing its share of headaches.Source: Shutterstock In the meantime, the figure has been ramped up to 42 contracts. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond But that early-June news did nothing to bolster beaten-down Nokia stock. However, a rebound of NOK stock may be in the works. The comeback is just going to take some time to pan out, as NOK does indeed appear to have become a "show me first" stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe show is coming. Setting the StageOne of the 42 5G deals that NOK has received was with Taiwan Star Telecom, which is growing its existing network to prepare for 5G service. It was the "off the shelf," complete nature of Nokia's portfolio that made NOK the easy choice for TST.China Mobile (NYSE CHL) confirmed at last month's Mobile World Congress that it would be the first to utilize Nokia's Massive MIMO solution, laying the ground work for its 5G network. China Unicom (NYSE:CHU) announced on Wednesday that Nokia's optical fronthaul hardware would help usher in its foray into 5G. Sprint (NYSE:S), T-Mobile (NASDAQ:TMUS) and BT Group (NYSE:BT) are all also tapping Nokia for help on the 5G front.Given NOK's confirmed 5G contracts, CEO Rajeev Suri's June comment that his company wins "two-thirds of the time" when competing with rival Ericsson (NYSE:ERIC) for new business isn't a tough idea to believe. His company is making new deals at a pace Ericsson has somehow been unable to keep up with.But that just hasn't mattered to investors, who ultimately dictate the price of NOK stock. Slow Moving, But Not That SlowWhen Nokia's CEO, Suri, commented in May that "5G is not the future anymore. It is here, and Nokia is leading it. We are winning deals and rolling out some of the world's first 5G networks" he didn't necessarily mean that NOK was literally in the process of rolling out 5G networks.For that matter, he didn't mean that it would launch the networks during that week or month. It can take several weeks -- if not months -- just to put the new hardware in place and put it into operation. In some cases, the installations called for by inked contracts likely aren't even scheduled to happen until next year.Revenue from such deals can't be booked yet, of course, and none has been. NOK made that point in conjunction with its Q1 report, and Suri reiterated it last month. The publicly available details of those contracts are minimal, at best; NOK doesn't divulge the specifics of deals it makes, nor should it.With 42 contracts in hand, however, analysts and investors alike are arguably underestimating how much revenue is in its pipeline for the latter part of this year and all of next year.Meanwhile, NOK will sign additional 5G deals, which aren't factored into most analysts' estimates.Analysts' alarmingly anemic average estimates for NOK adds further credence to that theory. They've estimated that its revenue will drop by 3%, and only recover by about as much in 2020. The following year's revenue growth outlook is only marginally better. Earnings per share is projected to improve at a faster clip, but still modestly, and still not rapidly until 2021. Click to EnlargeIt's going to take some time for Nokia's 5G opportunity to bear fruit, but it may not take nearly as much time as the pros are suggesting. The Bottom Line on NOK StockSo far, NOK has gotten little to no credit for its newly-won contracts, as investors struggle to get past the company's disappointing first -quarter results. Unfortunately, the upcoming second -quarter results may be equally disappointing.Any Q2 trouble may already be more than priced into Nokia stock, though.Whatever's in the cards, from Q3 on, the telecom technology giant is far better positioned to top revenue and earnings estimates than most investors appear to believe. The weakness of Nokia stock since April is still a dip worth buying if you can stomach a few quarters of volatility.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Seriously, Nokia's 5G Portfolio Makes NOK Stock Worth a Shot appeared first on InvestorPlace.
While Crown Castle International's (CCI) site-rental revenues will likely improve, intense competition amid growth potential of the tower sector might dent net revenues from network services.
AT&T plans to post its second-quarter results on July 24. Before we dive into its estimates, let’s recap its first-quarter performance.
The next generation of wireless service is available in the Windy City, covering approximately 700,000 people CHICAGO , July 11, 2019 /PRNewswire/ -- Sprint's (NYSE: S) on-the-go customers can now experience ...
T-Mobile US Inc and Sprint Corp expect to extend a July 29 deadline to complete their $26-billion merger, according to two sources close to the deal. T-Mobile and Sprint have agreed to a series of deal concessions, including to sell the prepaid brand Boost, to gain merger approval, but they still need a green light from the U.S. Department of Justice. The parties are haggling over restrictions over who can buy the divested assets if they are sold in the future, with T-Mobile and Deutsche Telekom seeking to prevent them from going to a cable or technology company, the Wall Street Journal reported on Thursday.
The two carriers are wrestling with a deal about how to handle assets divested to Dish Network as part of the $26.5 billion merger, according to a Thursday report.
T-Mobile and Sprint have agreed to a series of deal concessions, including to sell the prepaid brand Boost, to gain merger approval, but they still need a green light from the U.S. Department of Justice. The parties are haggling over restrictions over who can buy the divested assets if they are sold in the future, with T-Mobile and Deutsche Telekom seeking to prevent them from going to a cable or technology company, the Wall Street Journal reported on Thursday. The Justice Department has indicated that it wants the new competitor to be strong enough to compete with the industry giants, which would be Verizon Communications Inc, AT&T Inc and T-Mobile if this merger goes through.
While Qualcomm (QCOM) will have the freedom to adopt a range of technologies for Internet-connected cars, AT&T (T) will mark the debut of streaming service with HBO Max in spring 2020.
T-Mobile US Inc. shares are on track for their highest close since July 20, 2007, following an announcement that the telecommunications stock will replace Red Hat in the S&P 500 index at the open on Monday, July 15. Shares are up 3.2% in Wednesday trading. Citi Research analyst Michael Rollins said that the S&P 500 addition is "a potentially positive catalyst for T-Mobile shares that could broaden investor investor." He calls the stock his top pick in wireless regardless of whether the company's deal for Sprint Corp. gains approval. Shares are up 23% so far this year, while the S&P 500 has gained 19%.
T-Mobile news for Wednesday about the wireless company joining the S&P 500 has TMUS stock up.Source: Mike Mozart via Flickr (modified)T-Mobile (NASDAQ:TMUS) is joining the S&P 500 thanks to a couple of different changes. The first change is that the index has relaxed some of its rules, which allows TMUS to join it.The rule change is that companies no longer have to have 50% of their shares in the hands of public investors. That is good t-Mobile news as only has 37% of its outstanding shares belonging to public investors, reports Barron's.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe other reason that T-Mobile is able to join the S&P 500 is that a new spot has opened up on the index. This spot was previously held by Red Hat. However, that company is no longer on the public market after being acquired by IBM (NYSE:IBM).The T-Mobile news about is joining the S&P 500 is actually a little ahead of its debut on the index. TMUS won't be officially replacing Red Hat on the index until next week, Yahoo Finance notes. * 7 Retail Stocks to Buy for the Second Half of 2019 While T-Mobile is joining the S&P 500, there's no guarantee it will be a part of the index for long. This is due to the company currently attempting a merger with rival wireless company Sprint (NYSE:S).Following the T-Mobile news about the company joining the S&P 500, TMUS stock was up 4% as of Wednesday afternoon. The stock is also up 15% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks As of this writing, William White did not hold a position in any of the aforementioned securities.The post T-Mobile News: TMUS Stock Joins S&P 500 Index appeared first on InvestorPlace.
OVERLAND PARK, Kan., July 10, 2019 /PRNewswire/ -- Sprint (NYSE:S) is proud to announce that Ultimate Care, a home health care company based in New York, has selected Sprint as its exclusive mobile service provider to give home health aides reliable access to important medical and employee resources when working in patients' homes. As part of the relationship, Sprint is providing the company's employees with Samsung smartphones to improve overall efficiency and give them instant access to critical resources needed to properly care for their patients. "We're honored to be working with Ultimate Care to help their employees better serve their patients," said Thomas Malloy, account executive at Sprint.
The deal, which closed Tuesday after being announced on March 1, marks an end to a pivotal business landmark in the Kansas City metro and a new chapter for the roughly 4 million-square-foot, 190-acre complex in Southern Johnson County.
The U.S. Federal Communications Commission on Wednesday voted 3-2 to auction a key band of underused 2.5 GHz spectrum to help advance next-generation 5G wireless networks and scrap requirements that it be used for education. The mid-band spectrum was reserved in the 1960s for what is now known as the Educational Broadband Service. Sprint Corp uses leased spectrum in the 2.5 GHz band in its existing 4G network and 5G network that it is being rolled out.
(Bloomberg Opinion) -- Players beware when Charlie Ergen holds all the cards. As T-Mobile US Inc. and Sprint Corp. continue to fight in Washington for their long-awaited merger, the wily satellite-TV billionaire is the companies’ best hope for getting the deal through. Unless, of course, he walks away.Ergen, the 66-year-old chairman and co-founder of Dish Network Corp., has a reputation for being an finicky dealmaker, with a tendency to upset merger processes and then drop out. The former professional poker player would say he’s simply not afraid to fold his cards – or alienate his peers. Case in point: A few years ago, Ergen offered to buy both Sprint and Clearwire, which then turned into a bidding war against Sprint for Clearwire, a collection of wireless-spectrum assets. Ergen ultimately gave up on both pursuits, but not before driving Sprint to pay about 70% more than it initially bid. Sprint got Ergened. Back to present day, and what do you know: Sprint’s fate pretty much rests in Ergen’s hands, as the U.S. Department of Justice determines whether to approve or reject its $59 billion takeover by T-Mobile. Makan Delrahim, the DOJ’s head of antitrust, reportedly wants the companies to divest assets that could be used to create a new viable fourth competitor as a check on the industry’s pricing power. So Ergen, who had been among the merger’s biggest opponents, is now ostensibly ready to be the deal’s savior by acquiring those assets and committing to morphing Dish into a full-fledged wireless carrier. Maybe. Over the years, Ergen had gamed the government auction system to scoop up Dish’s own valuable spectrum licenses, which have a use-it-or-lose-it provision with nearing deadlines. Taking on the scraps from the T-Mobile-Sprint deal could ease that pressure and help Ergen make good on his promises to build a network. But if unnamed sources cited by the New York Post are to be believed, Deutsche Telekom AG, T-Mobile’s parent, is insisting it will only hand those assets to Dish if it vows not to sell more than a 5% stake in itself to a third party such as Google or Amazon.com Inc., which are two giant would-be threats to the industry.It makes sense that T-Mobile’s side would be worried about Dish teaming up with one of those deeper-pocketed companies, as I wrote last month. And agreeing not to do so certainly isn’t in Dish’s best interests. Ergen has said he needs a partner for Dish’s network build-out, which presumably would entail some sort of shared ownership.For that reason, Ergen could just walk away once again. Without him, there may be no T-Mobile-Sprint merger. After all, 13 states and the District of Columbia have sued to block the deal in a trial that may start in October. No deal could also mean T-Mobile turns to Dish to fulfill its spectrum needs.“Charlie is very hard to understand and predict,” billionaire dealmaker John Malone, owner of the Liberty media assets and director emeritus at Charter Communications Inc., said of Ergen a few years ago. “He’s very creative, but he’s a poker player.” (Ironically, Fox Business Network reported that because some at T-Mobile and Sprint are skeptical of Ergen’s dealings with the DOJ, they’re “praying” Charter and Malone will bid for the divested assets.)John Legere, T-Mobile’s outspoken and genial CEO, has been an ideal pitchman for the deal, smoothly handling inquisitions by Congress over the past year and constantly using his highly followed social media channels to promote the merger. But his style may be no match for Ergen’s whimsy. At the end of Legere’s latest episode of “Slow Cooker Sunday” this week – where he demonstrated recipes for Cajun corn on the cob and lemon feta drumsticks – the magenta-apron-wearing executive took a moment to make a wish. I think I know what it was. This may be the week that finally yields a decision from the DOJ, and what that decision will be is still anyone’s guess. But what I can say for certain is something I’ve said many times before: Good luck betting against Charlie Ergen. To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering deals, Berkshire Hathaway Inc., media and telecommunications. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
As part of the sale-leaseback agreement, Sprint Corporation (S) will relocate from 11 buildings, it presently occupies, to four surrounding buildings on the campus.
A deal to sell the 17-building Sprint campus in Overland Park to Wichita-based Occidental Management has closed. The deal comes on the heels of speculation that the U.S. Justice Department is close to a decision on Sprint's $26.5 billion merger with T-Mobile.
Cowen & Co. analyst Gregory Williams reiterated his bullish view of Dish Network Corp. shares on Tuesday, writing that the satellite-TV company is “generally in a win-win situation” regardless of whether T-Mobile US Inc.’s deal for Sprint Corp. ultimately gains approval.
The stock market began to sell off on Friday, but a lack of sellers on low volume meant there was little follow through. Investors were a little on edge with the Nasdaq today, with a notable downgrade on Apple (NASDAQ:AAPL), weakness in many semiconductor stocks and investors' worries about whether the Federal Reserve will actually cut interest rates now. As a result, the Nasdaq slipped 78 basis points, closing near the key 8,100 level at 8,098. Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsBefore Friday's better-than-expected labor report, the market had been pricing in as much as a 50-basis-point cut in the Fed Funds rates. Consensus expectations still call for a 25 bps cut. In any regard, all but removing the hopes for a 50 bps cut -- there's still a ~6% chance this month -- is denting equities. Worth mentioning though is that the market is 100% pricing in some form of a cut. We detailed why this is important for tech stock specifically on Friday. We won't rehash that conversation. However, we will just say that, should the Fed opt to not cut rates -- and remember, this is the same Fed that was way too hawkish in Q4 2018 -- stock market investors will throw a tantrum. Google-Dish to Battle the New "Big Three?"Typically used in reference of Detroit's three largest automakers, the "Big Three" of telecom very well could become AT&T (NYSE:T), Verizon (NYSE:VZ) and T-Mobile (NASDAQ:TMUS), assuming the latter is able to close on its acquisition of Sprint (NYSE:S). * 7 A-Rated Stocks to Buy for the Rest of 2019 However, part of getting the T-Mobile/Sprint deal approved requires divesting enough assets for a fourth large carrier to emerge. Short of working out a few of the details, it seems that Dish Networks (NASDAQ:DISH) will be the emerging player. Rumors that Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) is considering teaming up with Dish were quickly squashed by the company. But it brings up an interesting point. Surely investors will boo GOOGL getting involved in a capital-intensive business like telecom, no matter how strong its balance sheet is or how much free-cash flow such a business generates. Capital-intensive businesses generally come with a high valuation and dividend yield (which makes the Big Three of telecom and auto more similar than just the nickname). Want more? Rumors say former Ford (NYSE:F) CEO Alan Mulally is negotiating for Google in these alleged talks. Speculation and potential coincidences aside, I don't know that I believe GOOGL is considering such a move. That's even with its Android operating system and its line of Pixel smartphones. But it wouldn't be the worst way to pump life into its handset/smartphone business, even if it is capital intensive. In any regard, shareholders would have a fit and the c-suite knows it. Tesla TodayTesla (NASDAQ:TSLA) made headlines -- when is that not the case? -- when its CEO Elon Musk opened up further about the automaker's self-driving car plans. One Twitter (NYSE:TWTR) user asked, "Do consumers have limited time left to buy a Tesla car since prices would have to go up severalfold to balance supply & demand once you solve FSD?"Musk's answer: Yes. Of course, the next question then turns to solving FSD (full self-driving). Level 5 autonomous driving is no easy feat, and it's hard to imagine that it will come into play to the point where consumers have to worry about how much time they have left to buy a Tesla vehicle near today's prices. Musk also said the company is working on launching new self-driving chips for older Teslas by the end of the year. Last but not least regarding Tesla, Morgan Stanley analyst Adam Jonas stuck with his full-year vehicle deliveries forecast of 347,000. That's below the company's estimate of 360,000 to 400,000 and despite its second-quarter results of 95,200 came in ahead of consensus. Jonas also lowered his revenue estimates for Q3 and Q4, while maintaining a $230 price target and an equal-weight rating. Other News in the Nasdaq TodayApple was also in the analyst spotlight Monday, catching a downgrade to "sell" from "hold" at Rosenblatt Securities. The analyst has a $150 price target, implying about 25% downside. He believes that iPhone and iPad revenue will be disappointing in the second half. Apple fell 2.06% on the day.Finally, Broadcom (NASDAQ:AVGO) is apparently making progress on its deal for Symantec (NASDAQ:SYMC). The company is also apparently considering a purchase of the privately held Tibco, but the deal will be "sidelined" if the SYMC deal moves forward. That seems to be the case on Monday, with AVGO reportedly making progress on securing the financing for the deal. An announcement could come later this month. In any regard, investors still aren't happy about the news, pushing AVGO down 2.72% to roughly $275 on the day. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long GOOGL, T, AAPL and AVGO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post Nasdaq Today: Google-Dish vs. T-Mobile, AT&T and Verizon? appeared first on InvestorPlace.