|Bid||68.80 x 1400|
|Ask||69.20 x 1800|
|Day's Range||68.92 - 69.77|
|52 Week Range||54.60 - 69.77|
|PE Ratio (TTM)||12.70|
|Earnings Date||Oct 22, 2018 - Oct 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||77.17|
More and more companies are turning to at-home 5G service to fill in the gaps in availability of broadband internet. Now, T-Mobile has revealed details about its plans for at-home 5G service to the FCC, as was first spotted by Fierce Wireless. The company's president and COO Mike Sievert submitted a filing to the FCC in which he addresses the "New T-Mobile," as the company will apparently be known if its bid to merge with Sprint is successful.
As of September 18, Sprint’s (S) market capitalization was ~$26.1 billion, making it the fourth-largest US wireless carrier in terms of market cap. By comparison, T-Mobile’s (TMUS) market cap is ~$58 billion, Verizon’s (VZ) is ~$224.7 billion, and AT&T’s (T) is ~$244.9 billion.
AT&T’s (T) closing price on September 14 was $33.60 per share. Based on that closing price, AT&T has a market capitalization of ~$244.2 billion—the highest among the major US mobile operators. AT&T’s highest price in the last 52 weeks stands at $39.80 per share, and its lowest price in the last 52 weeks was $30.13 per share.
Sprint (S) has been cutting its costs and reviving its profits over the past few quarters. In the first quarter of fiscal 2018, which ended in June, it realized ~$100 million in net cost reductions YoY (year-over-year) in combined operating expenses across cost of services and SG&A (selling, general, and administrative) expenses. During the Goldman Sachs Communacopia Conference on September 14, Michel Combes, Sprint’s CEO, spoke about the company’s cost-cutting initiatives.
Sprint (S) added 3,000 net prepaid subscribers in the first quarter of fiscal 2018, which ended in June. That compares to 170,000 in the previous quarter. The significant sequential fall was due to seasonally lower Boost brand gross additions.
Sprint (S), the fourth-largest wireless operator in the United States, spent $1.13 billion on cash capital expenditures, excluding leased devices, in the first quarter of fiscal 2018, which ended in June. During the Goldman Sachs Communacopia Conference on September 14, Michel Combes, Sprint’s CEO, spoke about the company’s capex going forward.
The nation's largest low-cost wireless carrier has submitted a letter to regulators in support of the merger.
The FCC (Federal Communications Commission) is planning to run two spectrum auctions beginning in November. The spectrum is anticipated to help mobile operators accelerate the development of 5G (fifth-generation) networks. During the Goldman Sachs Communacopia Conference on September 14, Michel Combes, Sprint’s (S) CEO, spoke about the company’s plans before the upcoming US spectrum auctions.
Last week, the FCC (Federal Communications Commission) announced that it needs more time to review the proposed merger between T-Mobile (TMUS) and Sprint (S). During the Goldman Sachs Communacopia Conference on September 14, Michel Combes, Sprint’s CEO, was asked how the company is preparing for its merger with T-Mobile.
The worst may be over for telecom stocks, argues Oppenheimer. Where we were: Some communications stocks have trailed the market this year. While the telecommunications sector will soon cease to exist under the S&P and MSCI Global Industry Classification System, replaced by the new communications services sector, many telecom stocks, by any other name, have still performed as poorly.
The Indian government has explored curbing the import of items such as telecom network equipment by raising import duties, the Economic Times reported on September 17. There are two reasons for hiking the import duties on so-called nonessential items. India’s government aims to support the rupee as well as the local companies. The country wants to be completely reliant on local supplies for its telecom network equipment needs by 2022, according to the report.
In the second quarter, AT&T (T) reported combined domestic wireless operations (AT&T Mobility) service revenues of $13.7 billion. This represented an ~5.5% reduction YoY (year-over-year). Excluding its new revenue recognition accounting standard, AT&T Mobility’s service revenues increased ~0.2% YoY to $14.5 billion.
Vodafone Australia and its rival TPG Telecom have agreed to do something similar to a T-Mobile–Sprint merger in Australia. The two operators are seeking to merge in a deal valued at $8 billion. They had reportedly been exploring a merger.