|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||31.51 - 31.89|
|52 Week Range||31.17 - 39.80|
|PE Ratio (TTM)||6.39|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||2.00 (6.33%)|
|1y Target Est||37.43|
Jun.22 -- Jennifer Fritzsche, analyst at Wells Fargo, discusses the race to 5G technology and AT&T Corp.'s focus on advertising. She speaks on "Bloomberg Markets."
If you can't beat your competitors, buy them out. At least, that's what these industry giants did.
Long-suffering Viacom (NASDAQ:VIA, NASDAQ:VIAB) shareholders found this out recently when the company joined forces with Netflix (NASDAQ:NFLX). Under the agreement, Viacom will produce content for NFLX. CBS (NYSE:CBS) and Warner Bros. have made similar deals with Netflix.
AT&T, which is fresh off its acquisition of Time Warner Inc., has a treasure trove of TV and digital content from brands such as CNN and TNT. Now the telecom giant is in talks to buy AppNexus for $1.6 billion, a deal that would help it monetize that content better, using data from wireless customers to serve highly targeted ads. Mr. Rupczynski said the deal would give AT&T immediate infrastructure and more data and could give marketers “more leverage” in dealing with Google and Facebook.
Frontier Communications’ (FTR) number of video customers decreased by ~2.9% sequentially to reach ~1.2 million at the end of the first quarter.
Recent stories on Netflix, Amazon, Hulu and other streaming services reported by The Business Journals and elsewhere.
Media giant Disney (DIS) has recently made a higher bid than rival bidder Comcast (CMCSA) for most of the assets of 21st Century Fox (FOXA). Disney is now offering more than $71.3 billion for Fox’s film, television, and entertainment assets, around 36% higher than its initial bid of $52.4 billion in December. Following the announcement, Comcast shares were up 1.77% to $33.39 on June 20, while Disney closed up 0.99% to $107.15 per share.
The Net Neutrality laws, which were repealed by the Federal Communications Commission (“FCC”) on Dec 14, 2017, finally received the death knell on Jun 11. The newly constructed FCC under Trump administration with Ajit Pai at the helm rescinded the Obama-era open-Internet rules. Notably, the rules had altered the dynamics of the Internet Service Providers (ISP) industry.
Pandora announces a new arrangement with AT&TBloomberg NewsThe Pandora Media application is seen in the App Store on an Apple iPhone. Pandora Media Inc. is one of the best performers in tech this year, with shares up nearly 75%. On the heels of a new partnership arrangement with AT&T Inc. (XNYS:T) Pandora’s (XNYS:P) Chief Financial Officer Naveen Chopra spoke with MarketWatch about how relationships with other tech companies can help the streaming-music pioneer drive more listeners to its products.
Jennifer Fritzsche, analyst at Wells Fargo, discusses the race to 5G technology and AT&T Corp.'s focus on advertising. She speaks on "Bloomberg Markets." (Source: Bloomberg)
AT&T (T) recently announced its new live TV streaming service, WatchTV, amid the growing popularity of online streaming services. AT&T’s WatchTV service is expected to be available for no cost for AT&T wireless customers with unlimited data plans.
SunTrust Robinson Humphrey analyst Matthew Thornton was upbeat Friday about Pandora Media Inc.'s new partnership with AT&T Inc. (t) through which subscribers to a newly announced AT&T unlimited-data plan can get Pandora Premium or one of a few other streaming services for free along with their plan. Thornton estimates that the partnership could help Pandora add about 500,000 new on-demand Pandora Premium subscribers over the next year.
Under the terms of the agreement, AT&T (T) will transfer the ownership of 18 Internet Data Centers in the United States and 13 in international locations to Brookfield.
After the announcement of the completion of AT&T’s (T) acquisition of Time Warner on June 14, the leading wireless service provider launched a new streaming service called AT&T WatchTV, according to CNBC. Initially, the AT&T WatchTV bundle is expected to show free television programming, excluding sports content.
AT&T's CEO is bullish on the future of TV. Netflix shares up 106% this year suggest he should temper his enthusiasm.
AT&T (T), which recently completed the long-awaited $85.4 billion acquisition of Time Warner, is reportedly looking for more content. AT&T is planning to acquire all of Otter Media, an Internet video company. AT&T currently co-owns Otter Media with The Chernin Group.
BT Group BT is the incumbent telecom operator in the United Kingdom. In 2016, it bought EE, the country's largest wireless telecom operator, creating the only company that owns fixed-line as well as wireless telephone networks in the U.K. The U.K. has been slow to move to converged services, but we believe this acquisition will lead BT to push convergence similar to leading operators in several other European countries. BT's scale as the U.K.'s largest fixed-line, broadband, and wireless telecom operator provides the company with a narrow economic moat due to cost advantages.
contain controversial provisions that could be used to withhold compensation to investors if the deal is delayed. The big box retailer sold $8.5bn bonds on Wednesday whose documents contain legal language used recently by other issuers to avoid paying such compensation, in defiance of investor requests that companies stop using the language. At issue are a pair of provisions that have been standard in bond documents for years but which have been used to save issuers cash in recent months and faced criticism as a result.
AT&T Inc. on Thursday unveiled a new video service, called WatchTV, that aims to use a “skinny bundle” of channels to recapture some of the millions of cord-cutters who dropped cable and satellite-TV. The package would offer a small number of TV channels to most subscribers for as little as $15 a month while giving free access to subscribers on unlimited data plans. AT&T said Thursday that the new service will come complimentary with two wireless plans.
DALLAS, June 21, 2018 /PRNewswire/ -- Randall Stephenson, AT&T Inc.* chairman and chief executive officer, and John Stephens, AT&T Inc. senior executive vice president and chief financial officer spoke today at the Wells Fargo Securities 2018 Telecom 5G Forum. AT&T is in a great position with regard to both subscription and ad-supported content.
There were days of silence when Comcast expected heavy negotiations. Weeks later, Mr. Murdoch announced a deal with rival Walt Disney Co. for $52.4 billion, nearly $12 billion less than the Comcast offer. “I don’t know what more I could do,” he told a close friend. After the holidays, he began gaming out strategies that could torpedo Disney’s Fox deal, people close to the company said, setting into motion media’s highest-stakes bidding war in years and the biggest bet of his career.
Telecom giant AT&T (T) is looking to acquire advertising technology firm AppNexus to gain a foothold in the digital ad sales market. AT&T is likely to pay ~$1.6 billion for AppNexus, which is a digital ad exchange. AT&T would allow advertisers to buy space targeting their audiences across several websites.
Sprint CEO Michel Combes – guiding the company ahead of the planned merger with T-Mobile – liked what he saw last week with a federal judge’s decision on the AT&T acquisition of Time Warner. It gives “even more comfort that our deal should be approved,” Combes said in an interview Thursday. Judge Richard Leon, who didn’t buy the federal government’s objection to the AT&T (NYSE: T) deal, is acknowledging that the “industry structure has changed,” Combes said.