|Bid||0.0000 x 40000|
|Ask||0.0000 x 45900|
|Day's Range||4.9600 - 5.0300|
|52 Week Range||3.2200 - 5.6900|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||17.02|
|Forward Dividend & Yield||0.46 (9.44%)|
|Ex-Dividend Date||Dec 11, 2020|
|1y Target Est||N/A|
Virgin Media boss Lutz Schuler is getting used to winning. Downloads on his fibre broadband network hit a record high on March 31 as gamers feasted on the latest update to Call of Duty: Warzone, the first-person shooter played by 80m people. Such demand came just days before he survived two skirmishes of his own. In early April, Schuler emerged victorious from a tussle with O2 chief Mark Evans to become the leader of Virgin Media and the mobile network following their £31bn mega merger. A second triumph followed last week, when the competition watchdog provisionally backed the deal, batting away concerns that it would affect service quality and increase prices. But after winning these early battles, the towering German is now preparing for a longer war. Integrating the two companies will mean juggling job cuts and technical challenges while launching new mobile, TV and broadband bundles to compete with BT. Schuler only needs to look back 10 years to find a cautionary tale. The merger of Orange UK and T-Mobile to create the network Everything Everywhere sapped staff morale as they grappled with clashing systems and duplicated teams a year after the deal was announced. Despite slashing more than 2,500 jobs, boss Tom Alexander eventually made way for Orange executive Olaf Swantee after customers tumbled and profits slipped. Swantee accelerated the restructure, rebranding the network to EE and paring back the mobile mast estate before selling the network to BT for £12.5bn in 2016. Virgin Media and O2’s respective owners Liberty Global and Telefonica may have had the Orange-T-Mobile tie-up in the back of their mind when they handed Schluer his promotion. The 53-year-old finds himself on familiar ground once again after overseeing the merger of Hansenet with Telefonica’s German unit a decade ago.
While CommScope (COMM) intends to separate its Home Networks business to create an independent publicly traded entity, Verizon (VZ) is testing the efficacies of 5G and mobile edge computing in connected and autonomous vehicles.
Rating Action: Moody's assigns first-time Ba3 rating to ATP and its senior secured notes, outlook is stableGlobal Credit Research - 14 Apr 2021New York, April 14, 2021 -- Moody's Investors Service, ("Moody's") has today assigned a Ba3 corporate family rating (CFR) to ATP Tower Holdings, LLC (ATP) and its proposed $375 million senior secured notes due 2026. The outlook for the ratings is stable. This is the first time Moody's assigns a rating to ATP.Proceeds from the bond issuance will be used to repay existing debt, fund the company's expansion plan and general corporate purposes.