|Bid||77.70 x 1000|
|Ask||78.84 x 900|
|Day's Range||76.64 - 77.99|
|52 Week Range||59.96 - 85.22|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||19.98|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Leveraging 5G Ultra Wideband network, Verizon (VZ) partners with Sony to promote next-gen live sports viewing experience with excellent wireless connectivity, low-latency and high-definition video.
(Bloomberg Opinion) -- The merger floodgates broke open five years ago, and now U.S. Senator Elizabeth Warren wants to close the hatch. Her proposed bill to substantially restrict big corporate tie-ups is more a presidential campaign statement than viable legislation — and it certainly won’t score her any more points with the Wall Street crowd — but she is calling attention to the maniacal pace of dealmaking in corporate America and the need to modernize antitrust laws that have permitted some recent problematic transactions.More than $7 trillion of takeovers of U.S. companies have been announced since this day in 2014 — 52,694 companies to be exact.(1) That compares with just $4.4 trillion of deals in the previous five-year period. The transactions grew over time as balance sheets flush with cash and income statements desperate for growth created a perfect storm, which more often than not was stoked by pliable regulators. The Walt Disney Co. acquired 21st Century Fox Inc.; Charter Communications Inc. bought Time Warner Cable Inc.; CVS Health Corp. took over Aetna Inc.; Marriott International Inc. merged with Starwood Hotels & Resorts Worldwide Inc.; and T-Mobile US Inc. is trying to buy Sprint Corp. Those are just some of the more recognizable names. Warren, one of the top-polling candidates heading into the Democratic primaries, wants to ban deals in which one company has annual revenue of more than $40 billion, or both businesses generate more than $15 billion in sales, according to a draft of the bill reviewed by Bloomberg News. (A notable exception would be companies facing insolvency.) That could effectively prevent every top airline, insurer, manufacturer, oil producer, retailer, technology platform and other conglomerates — perhaps even Warren Buffett’s M&A vehicle, Berkshire Hathaway Inc. — from making any acquisitions. It would sound the M&A death knell. The idea, however, is unlikely to gain broad support among lawmakers.Even so, it’s hard not to notice the rising drumbeat of politicians concerned about overreach by corporate giants, particularly those in the tech field. Senator Amy Klobuchar, another Democratic presidential candidate, plans to introduce separate antitrust legislation soon, Bloomberg News reported, citing a person familiar with the matter. (Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent of Bloomberg News and Bloomberg Opinion, is also campaigning for president.)For the Trump administration’s part, the U.S. Justice Department is already investigating whether tech giants — namely Apple Inc., Amazon.com Inc., Facebook Inc. and Google — are using their unchecked power to engage in harmful business practices. But as I wrote in July, if regulators are so concerned about protecting consumers from tech overreach, their glowing endorsement of T-Mobile’s takeover of Sprint is a funny way of showing it; it will shrink the U.S. wireless market from four to three major carriers and remove a company that’s helped to keep customer prices in check.Antitrust regulation under President Donald Trump has at times created questionable optics. Makan Delrahim, the Justice Department’s top antitrust enforcer, seemed to switch his stance on AT&T Inc.’s takeover of Time Warner Inc. as Trump railed against the deal. Time Warner was the parent of CNN, which Trump views as his personal nemesis. (I’ve argued that whatever the case, scrutiny of the megamerger was warranted considering the broad market power it gave to AT&T as media companies without such scale struggle to compete.) By comparison, Disney and Fox, which was controlled by Trump pal Rupert Murdoch, closed their megadeal with few regulatory hiccups. Warren has criticized other giant deals, such as the merger of SunTrust Banks Inc. and BB&T Corp. and the combination of seed makers Bayer AG and Monsanto Co. Given that they aren’t household names, though, most Americans are unfazed by or unaware of such deals, even though they may feel the effects later. Her bill would direct the government to take into account not just whether a merger will lead to higher prices but also what the impact might be on workers, privacy and industry innovation. To justify the cost of buying another large company, dealmakers tend to come up with ambitious estimates of synergies, a euphemism for layoffs. It’s clear that the meaning of “harm” needs to be expanded in the antitrust sense, and laws need to take a more holistic view of the potential consequences of M&A as the lines between industries continue to blur. The Big Tech factor also needs to be weighed, as some deals are being done in part to respond to companies like Amazon that are spreading their tentacles into new areas. On Wednesday, TV-network operators CBS Corp. and Viacom Inc. completed their own merger, a bid to cut costs and create more scale to compete against a new roster of even more powerful media giants: Amazon, Apple, AT&T and Disney. Even then, ViacomCBS Inc., as the merged entity is now called, may not be big enough, and so it may be only a matter of time before it gets swallowed. Warren’s overly broad proposal likely isn’t the answer. But Democrats do seem ready to at least try to rein in a market that’s gotten out of hand. For dealmakers, this may be last call at the M&A party.(1) Data compiled by Bloomberg as of Thursday morning. Excludes terminated deals.To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Daniel Niemi 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 the business of entertainment and telecommunications, as well as broader deals. 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.
While T-Mobile (TMUS) launches nationwide 5G network, Verizon (VZ) collaborates with Amazon's cloud computing arm, Amazon Web Services, for 5G edge computing.
The bills — which contained names, addresses and phone numbers, and many included call histories — were collected as part of an offer to allow cell subscribers to switch to Sprint, according to Sprint-branded documents found on the server. The documents explained how the cell giant would pay for the subscriber's early termination fee to break their current cell service contract, a common sales tactic used by cell providers. In some cases we found other sensitive documents, such as a bank statement, and a screenshot of a web page that had subscribers' online usernames, passwords and account PINs — which in combination could allow access to a customer's account.
Verizon (VZ) collaborates with Amazon Web Services to create an enhanced cloud computing technology for enterprise customers by deploying ultra-low latency applications at the edge of the 5G network.
The move is the latest in a string of concerted efforts by the U.S. government to dissuade other sovereign countries from using Huawei and ZTE gear to preempt alleged spying and siphoning of data.
T-Mobile (TMUS) hits a significant milestone by becoming the first telecom carrier to deploy nationwide 600 MHz 5G coverage across the United States.
After Verizon launched its 5G network in Fenway, other major U.S. mobile phone carriers are joining the race to deploy the fifth generation of mobile communications in the Bay State.
It's only the second year median worker pay disclosures have been required, and not all the more than 70 public companies in Washington state have released those figures.
With a lawsuit filed by states seeking to block the $26.5 billion merger between T-Mobile Us Inc (NASDAQ: TMUS) and Sprint Corp (NYSE: S) set to go to trial Dec. 9, key questions remain for investors. Bank of America Merrill Lynch analyst David Barden spelled out in a note to investors what they should look for ahead of the telecomm merger trial. Will A Settlement Be Reached? "The most debated point, based on our conversations with investors, is not the strength of the states’ case against the deal (most agree it is strong), but rather the will of the states to see this through to litigation," Barden wrote in a note.
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter. One of these stocks was T-Mobile US, Inc. (NASDAQ:TMUS). Is T-Mobile US, Inc. (NASDAQ:TMUS) a […]
T-Mobile (TMUS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
This Giving Tuesday, December 3, and throughout the holiday season, T-Mobile is serving up multiple ways for customers, employees and fans to give up to 5 million meals to communities in need. It’s a big goal, and to get there the Un-carrier is continuing its longstanding partnership with Feeding America, the country’s largest hunger-relief organization, as well as activating its T-Mobile Tuesdays app, social media channels and Team Magenta members across the country so everyone has the opportunity to do their GivingOnUs.
The turn of events offers a golden opportunity to other telecom equipment firms to fill the void and strengthen their position in the market, thereby augmenting top-line growth.
Changes at the top of Kansas City city government, the Royals and T-Mobile come as the organizations prepare to build on successes.
(Bloomberg) -- T-Mobile US Inc. said Friday that a hacker gained access to limited information contained in prepaid accounts.The hack, which was discovered in early November, affected less than 1.5% of T-Mobile customers and was quickly shut down by the carrier’s cybersecurity team, according to company statements. No financial data such as credit card information or Social Security numbers were included in the hack, and no passwords were compromised, the company said.The information that was accessed included names, billing addresses, phone numbers and account numbers, according to a notification sent to customers.T-Mobile said it was nearly done notifying customers affected by the breach. The company said it reported the “malicious, unauthorized access” to authorities.To contact the reporter on this story: Andrew Martin in New York at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In today's top stories, a well-respected analyst says future iPhones will drop the Lightning port and go completely wireless. Meanwhile, CNET tests T-Mobile's next-gen network.
From The Daily Charge: You'll need to pay up for special Samsung and OnePlus phones compatible with the new network. We debate whether it's worth it.