80.46 -0.13 (-0.16%)
Pre-Market: 7:00AM EDT
|Bid||78.73 x 900|
|Ask||81.27 x 800|
|Day's Range||79.08 - 80.85|
|52 Week Range||59.96 - 85.22|
|Beta (3Y Monthly)||0.57|
|PE Ratio (TTM)||21.15|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||88.53|
In the short-term, the 5G tech revolution will be underwhelming. But in the long-term, it has the potential to radically change networks and transform economies for the better— and, if we’re not careful, the worse.
This week, AT&T; CEO Randall Stephenson noted that AT&T; (T) is on track to reduce its leverage multiple to about 2.5x by the end of this year.
J. Braxton Carter, Executive Vice President & Chief Financial Officer of T-Mobile US, Inc. will present and provide a business update on Tuesday, September 24, 2019 at 8:40 a.m.
Dish Network is more than likely not dishing into purchasing DirecTV, sources close to Dish CEO Charlie Ergen told the New York Post.
Yesterday, Pennsylvania joined other states in a lawsuit to block the $26.0 billion T-Mobile–Sprint merger. It is the 18th state trying the stop the deal.
Budding social entrepreneurs have until Sept. 26 to submit their world-changing ideas and earn a trip to T-Mobile's Changemaker Lab PLUS up to $10k in seed funding
(Bloomberg Opinion) -- AT&T Inc. CEO Randall Stephenson seems to be coming around to the right idea that the wireless carrier would be better off without its shrinking DirecTV business. Oddly enough, his decision could hinge on a legal trial in December that has little to do with his company but everything to do with how far antitrust regulators can be pushed in the Trump administration.It was the $67 billion takeover of DirecTV four years ago that first turned AT&T into a diversified communications conglomerate. Stephenson overpaid and underestimated how quickly the satellite-TV service would lose subscribers to cheaper online alternatives. With AT&T now squarely focused on expanding its 5G wireless network and integrating HBO and the other WarnerMedia assets it acquired last year, the company is finally considering parting ways with DirecTV, the Wall Street Journal reported Wednesday, citing unidentified sources. The pivot comes as activist investor Elliott Management Corp. puts pressure on Stephenson and AT&T’s board to streamline its operations. I explained in January how a sale of DirecTV might help AT&T pay down its mountain of debt more quickly and remove a cloud over its stock price. AT&T also has far too many pay-TV products, and it’s already started to play down the DirecTV brand by changing the name of DirecTV Now, a skinny live-TV streaming platform, to AT&T TV Now:One option is spinning off the unit into a separate publicly traded entity, though it’s hard to see the appeal for investors of a stand-alone DirecTV. It wouldn’t have the same advantages AT&T gets through its scale and simultaneous control of popular programming. For example, HBO went dark on Dish Network Corp.’s satellite-TV services last year because of a carriage dispute between the companies, leaving many HBO fans the choice to either switch to DirecTV or subscribe to the HBO Now app for $15 a month — both properties of AT&T. DirecTV has also lost customers rapidly while turning to desperate price increases to shore up profit margins.AT&T’s other option for unloading DirecTV is to combine the business with Dish, which is beset by the same industry challenges. Charlie Ergen, the billionaire who controls Dish, said in an interview in July that he sees “industrial logic” for putting the two together. They could substantially cut costs, and the added cash flow would aid Ergen in his efforts to build a nationwide wireless network.Regulatory friction is seen as the biggest obstacle to a DirecTV-Dish merger, with Reuters reporting Wednesday that the companies aren’t discussing a deal for that reason. But the way I see it, Stephenson and Ergen may just be awaiting the outcome of T-Mobile US Inc.’s attempt to buy Sprint Corp., as I wrote in June. Should that deal proceed, it would set a precedent for allowing the merger of two direct competitors in a highly concentrated market. So far, T-Mobile and Sprint — the No. 3 and No. 4 U.S. wireless carriers, respectively, behind AT&T and Verizon Communications — have received clearance from both the U.S. Department of Justice’s antitrust division and the Federal Communications Commission. However, 18 state attorneys general — and counting — have joined a lawsuit to block the transaction on the grounds that it will lead to higher prices for consumers, discourage industry innovation and hurt workers. The trial is set to begin Dec. 9.(1) A triumph by the companies may embolden Stephenson and Ergen. They could even argue that the pay-TV market isn’t as concentrated, with numerous new streaming-TV apps posing competition to the traditional distributors. Walt Disney Co. has constructed a $13-a-month bundle for Disney+, Hulu and ESPN+ that almost rivals denser cable-TV packages in content, and certainly does in price. The wild card, of course, is President Donald Trump. It’s been reported that he tried meddling in AT&T’s takeover of Time Warner, a unit now called WarnerMedia, because of personal grievances with the news network CNN, one of the assets AT&T inherited in the deal. As for DirecTV and Dish, “the biggest ‘regulatory’ obstacle may be the president and his undying desire to punish CNN,” analysts for New Street Research wrote in a report Thursday. Stephenson said in December 2016, when AT&T was integrating the DirecTV purchase, “We did DirecTV not because we love satellite technology, but because it gave us access to some premium content.” It’s a refrain both he and his deputy and heir apparent, John Stankey, have repeatedly recited. But the subsequent $102 billion acquisition of WarnerMedia gave AT&T all the premium content it needs. DirecTV is just a distraction now. (1) Ergen also plays a key role in the T-Mobile-Sprint merger trial. The carriers were required by the Justice Department to divest certain assets to Dish so that it can enter the wireless market and foster competition.To contact the author of this story: Tara Lachapelle at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis 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.
In order to be a more sustainable company, Sprint (S) signs agreement with Duke Energy Renewables for a new 182 megawatts wind power project in Texas.
Pennsylvania is joining more than a dozen states that have filed a lawsuit aimed at stopping T-Mobile US's $26 billion purchase of Sprint, New York Attorney General Letitia James said in a statement on Wednesday. The U.S. District Court in Manhattan has ordered that the trial be delayed to Dec. 9, a victory for the states, which said they needed more time to investigate the deal. The Federal Communications Commission has indicated it plans to approve it and has begun the process of formally doing so.
Sprint (S) stock fell about 0.88% on Tuesday and closed the trading day at $6.78. It was trading 15.88% below the 52-week high of $8.06.
Currently, AT&T; has reached parts of 21 cities with its 5G mobile services. The company plans to reach certain parts of 29 cities by the end of this year.
Randall Stephenson, chairman and CEO of AT&T (T) states that investors should expect share buybacks to be added to the mix of the company's capital allocation approach.
AT&T; fell about 1.6% on September 16. The stock closed the trading day at $37.31, 3.72% below the 52-week high of $38.75 it saw on September 11.
The activist investor wants AT&T to commit to increasing its dividend by 2% a year and spend of its remaining free cash flow on buybacks and half on debt repayment.
The Un-carrier embraces Hispanic and Latino culture with charitable giving, employee education and participation in 80+ events nationwide between September 15 – October 15
AT&T; rose almost 4.6% in the week that ended on September 13 to close at $37.91. AT&T; has been rising since the beginning of 2019 after struggling in 2018.
As the wireless industry rolls out the 5G technology, the latest network deployment is triggering demand for tower leasing which looks encouraging for the days ahead.