|Bid||0.00 x 2200|
|Ask||0.00 x 900|
|Day's Range||32.39 - 32.72|
|52 Week Range||31.17 - 39.80|
|PE Ratio (TTM)||6.82|
|Forward Dividend & Yield||2.00 (6.04%)|
|1y Target Est||N/A|
T-Mobile US (TMUS.O) said it is getting advice on its proposed $26 billion merger with Sprint Corp (S.N) from a lobbying firm whose staff includes several members of President Donald Trump's election team such as former campaign manager Corey Lewandowski. Lewandowski is among those advising the No. 3 wireless company on its deal as it bolsters its defenses ahead of a what will likely be a tough regulatory review process, T-Mobile said in a statement last week. T-Mobile US agreed in April to buy Sprint in an $26 billion, all-stock deal that will combine the third and fourth largest U.S. wireless carriers.
WASHINGTON—T-Mobile US Inc. is getting advice from Corey Lewandowski, the former campaign manager for President Donald Trump, as part of a lobbying effort to help the telecommunications company secure federal approval for its proposed takeover of Sprint Corp. T-Mobile said late Thursday in a statement it hired Turnberry Solutions in August. “Corey Lewandowski is now affiliated with that firm and they have offered perspective to T-Mobile on a variety of topics, including the pending transaction,” the company said.
After a choppy year, the Dow Jones Industrial Average is just barely positive. The DJIA, as of Tuesday’s close, has risen 0.47% so far this year.
On April 29, T-Mobile (TMUS) and Sprint (S), the third- and fourth-largest US mobile operators, announced a merger aimed to raise competition with dominant players Verizon (VZ) and AT&T (T) and creating a stronger network with improved spectrum and higher cost synergies. The proposed merger deal is an all-stock offer for Sprint shareholders that would give Sprint an implied enterprise value of $59.0 billion.
Comcast (CMCSA) has spurred tensions with the Walt Disney Company (DIS) following its decision to make a better offer for most of 21st Century Fox’s (FOXA) assets, which Fox planned to sell to Disney according to a deal struck in December 2017 for $52.4 billion. Fox’s board has already agreed to deal with Disney for most of Fox’s film, television, and cable channels and its National Geographic and FX properties along with its regional sports networks.
The meteoric rise of Alphabet Inc (NASDAQ:GOOGL, NASDAQ:GOOG) seems improbable. Back in the late 1990s when the company was launched, and Google stock was still a question mark, there were already many top-notch search engines on the market. Google also crafted a powerful business model, based on the clicks of simple text ads.
Wireless equipment revenue includes tablet and handset sales, while service revenue includes subscription charges for postpaid and prepaid subscribers. In the first quarter, T-Mobile’s equipment revenue rose ~15.2% YoY (year-over-year) to $2.4 billion from $2.0 billion.
Media behemoth Comcast (CMCSA) is getting ready to bid on most of 21st Century Fox’s (FOXA) assets, according to a Reuters report. Comcast hasn’t disclosed its bid price, but according to the reports, it’s looking for financing options to offer a higher bid than the Walt Disney Company’s (DIS) acquisition price. Notably, Disney agreed to acquire Fox’s media and film business for $52.4 billion in December 2017.
On May 15, T-Mobile (TMUS) stock closed at $56.37 per share. Based on that closing price, T-Mobile has a market capitalization of ~$47.7 billion—the third-largest among major US wireless players. T-Mobile’s 52-week low is $54.60 per share, while its 52-week high is $68.50 per share.
If the deals go through as many expect, Comcast’s consolidated debt would more than double from $65 billion to a “staggering” $164 billion, excluding any cash flow the Philadelphia-based company would generate before the transactions would close, according to Neil Begley, a Moody’s senior vice president and lead media analyst. "To put potential all-debt-financed Fox and Sky acquisitions in perspective, Comcast would be the second-most indebted non-financial, non-government related company after only AT&T Inc., pro forma for the potential Time Warner Inc. acquisition,” he said in a press release. Not surprisingly, Moody's has placed has placed Comcast Corporation's A3 long-term debt ratings on review for downgrade in case Roberts pulls the trigger on the all-cash deals.
The telecom giant added Bala Subramanian, formerly of Best Buy, to the post last month, according to his LinkedIn profile. “Bala will lead our efforts to provide a seamless omnichannel customer experience,” according to an AT&T spokesman. “He has a strong track record of leading digital transformations and we look forward to the value Bala and his team will deliver for our customers and employees.” Dallas-based AT&T is investing in digital services – including its website – to help engage more customers and drive traffic to its products as it looks to compete with rivals such as Verizon, T-Mobile and Sprint.
The U.S. administration is mulling a settlement of the trade embargo on ZTE as part of the ongoing trade talks between the two warring countries.
Traditional pay-TV providers have probably been the most hated companies in the country with their exorbitant prices and poor service. The American Customer Satisfaction Index (or ACSI) offers a widely recognized benchmark for customer satisfaction in several industries. According to the latest report by ACSI, the average score of pay-TV providers fell 3% from last year to 62 out of 100, an 11-year low.
AT&T Inc. is already testing just how tough antitrust enforcers in Washington are going to be on media deals that combine content and distribution. Comcast Corp. could be next to challenge their limits. The cable giant’s possible bid for 21st Century Fox Inc. assets would need approval from a Justice Department that has raised the bar for such deals, known as vertical tie-ups.
As of May 15, T-Mobile’s (TMUS) market capitalization was ~$47.7 billion, making it the third-largest US mobile operator. In comparison, AT&T’s (T) market cap was ~$197.1 billion, Verizon’s (VZ) was ~$197.5 billion, and Sprint’s (S) was ~$20.5 billion.
In this part, we’ll look at T-Mobile’s (TMUS) adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) growth trends over the past few quarters. In the first quarter, the company’s adjusted EBITDA expanded significantly YoY (year-over-year) from $2.7 billion to $3.0 billion, mainly due to higher service revenue, lower net losses on equipment sales, and new revenue accounting standards (which made a $95.0 million difference), according to the company. T-Mobile’s adjusted EBITDA margin expanded YoY from 36% to 38%.
The fight for Fox is not the first time that Comcast and Disney have crossed swords. In 2004, Comcast made a $54bn unsolicited offer for Disney, with Brian Roberts, the company’s chief executive, saying a purchase would “restore the Disney brand” following a fallow few years.
Service revenue forms stable revenue streams for mobile operators such as T-Mobile (TMUS), AT&T (T), Verizon (VZ), and Sprint (S). In the first quarter, T-Mobile led the US wireless sector in YoY (year-over-year) service revenue growth for a 16th consecutive quarter, with its service revenue growing ~6.5% YoY to $7.8 billion.
Do the very vocal supporters of Net Neutrality actually want Net Neutrality? Apparently not. Rather than negotiate a straightforward legislative solution and get it enacted as a matter of federal law, self-styled consumer advocates are instead staging a series of publicity stunts hoping to turn a largely technical issue into a campaign issue in upcoming elections. At the state and local level, lawmakers are also being whipped into passing unenforceable resolutions, laws and local ordinances, all of which, their promoters know full well, are pre-empted by federal law.
Let’s now look at T-Mobile’s (TMUS) capital expenditure, which it has been putting toward improving its network and procuring additional spectrum. The mobile operator has continued to enhance its network through the deployment of lower-band spectrum. In the first quarter, T-Mobile’s capex rose sequentially to $1.3 billion from $0.9 billion, mainly due to seasonality.
As AT&T waits for the final verdict on the acquisition of Time Warner, the telecom giant is pushing back against a small cable channel that wants to participate in the case against the big tie-up.