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News For AMT;CCI;SBAC;VZ;T;S;CLWR;TDS From The Last 14 Days Check below for free stories on AMT;CCI;SBAC;VZ;T;S;CLWR;TDS the last two weeks. |
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| May 22, 2013 |
| 09:09 EDT |  | CLWR, S | Clearwire board recommends holders vote for increased offer from Sprint
Clearwire (CLWR) announced that its Special Committee of the board have each approved the revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. The Special Committee of the board determined that the revised offer, when compared with other potential transactions reasonably available to the company at this time, is the most favorable potential transaction to the company's unaffiliated stockholders and that the terms of the revised offer are advisable, fair to and in the best interest of such stockholders. The Clearwire board recommends that stockholders vote their shares FOR all of the proposals relating to the transaction with Sprint by returning the WHITE proxy card with a "FOR" vote for all proposals. |
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| 08:42 EDT |  | VZ | Vodafone an attractive way to play trends at Verizon Wireless, says RW Baird at RW Baird
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| 07:42 EDT |  | SBAC, VZ | Barclays to host a conference
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| 07:24 EDT | | VZ | NetEvents International to host a summit
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| 07:08 EDT |  | VZ, T | Phone companies start selling subscriber data, WSJ reports
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| 06:02 EDT | | VZ, T | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports. |
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| May 21, 2013 |
| 13:43 EDT | | CLWR, S | Clearwire reschedules special shareholder meeting
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| 13:36 EDT | | S, CLWR | Clearwire holder Crest Financial protest company's delay of vote on merger
Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (CLWR), protested the decision of the Clearwire Board of Directors to adjourn the Clearwire special meeting to consider Sprint's (S) increased offer price of $3.40 per share. Crest said that it has sent a letter to the Clearwire Board of Directors urging them to resist Sprint's new offer so that Clearwire can pursue direct offers through a competitive process once the bidding war over Sprint is concluded. Crest's letter to the Clearwire Board said, "Sprint's new offer for Clearwire still significantly undervalues Clearwire and its assets and provides no protections to minority stockholders." |
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| 12:11 EDT |  | CLWR | Follow-up: Clearwire upgraded to Market Perform from Sell at Janco
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| 12:08 EDT | | CLWR | Clearwire upgraded to Market Perform from Sell at Janco
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| 10:24 EDT | | CLWR | Sprint, Clearwire deal likely gets done, says Wells Fargo
Wells Fargo believes Sprint's (S) raised offer for Clearwire (CLWR) is likely enough to get the deal approved by shareholders. Wells has an Outperform rating on Sprint and Market Perform rating on Clearwire. |
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| 10:00 EDT | | AMT | On The Fly: Analyst Upgrade Summary
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| 09:48 EDT | | CLWR | Clearwire resumes trading, up 3.7% to $3.38
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| 09:32 EDT | | S, CLWR | Clearwire to resume trading at 9:45 am ET
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| 09:23 EDT | | CLWR, S | Clearwire receives increase offer from Sprint
Clearwire (CLWR) confirmed that it has received a revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Special Committee of the Clearwire board will review this revised proposal from Sprint. |
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| 09:22 EDT | | S, CLWR | Clearwire receives increase offer from Sprint
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| 09:03 EDT | | S, CLWR | Sprint increases offer for Clearwire to $3.40 per share from $2.97
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| 09:01 EDT | | S, CLWR | Sprint increases offer for Clearwire to $3.40 per share
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| 08:57 EDT | | CLWR, S | Sprint to raise bid for Clearwire above $2.97 prior offer, DJ says
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| 08:55 EDT | | CLWR | Clearwire trading halted, pending news
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| 07:43 EDT | | T | FierceWireless to host a breakfast meeting
Pre-Conference Breakfast at CTIA 2013 is being held in Las Vegas on May 21 at 10:30 am. |
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| 07:32 EDT | | VZ | CTIA–The Wireless Association to host a conference
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| 06:03 EDT | | CLWR, S | Clearwire to postpone today's vote on Sprint deal, NY Post reports
Clearwire (CLWR) will postpone today's shareholder vote on Sprint's (S) $2.97 per share takeover offer, New York Post reports. Reference Link |
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| 06:02 EDT | | AMT | American Tower upgraded to Outperform from Neutral at Macquarie
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| 05:50 EDT | | VZ | Vodafone to invest $3.15B Verizon dividend on business, WSJ reports
Vodafone Group said it will keep the $3.15B dividend payment it will receive from Verizon Wireless and invest it in its flagging operations in Europe, which weighed heavily on its full-year profit, reports the Wall Street Journal. Reference Link |
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| 05:40 EDT | | S | Softbank confirms waiver, expects Sprint deal to close in six weeks
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| 05:36 EDT | | T | AT&T provides statement regarding Oklahoma tornado
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| 05:31 EDT | | S | DISH, Sprint to engage in talks
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| 05:23 EDT | | S | Sprint provides transaction update
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| May 20, 2013 |
| 13:29 EDT |  | S | Options with increasing implied volatility: UNXL NCT LYV CPRT S
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| 10:55 EDT | | CLWR, S | Crest asks Clearwire holders to wait until control of Sprint resolved for action
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| 10:20 EDT | | S | Sprint acquires Handmark and subsidiary OneLouder Apps
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| May 17, 2013 |
| 16:47 EDT | | VZ | Fitch affirms Verizon's IDR at 'A', outlook stable
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| 15:12 EDT | | VZ | Focus on Verizon Wireless stake ahead of Vodafone earnings, Reuters says
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| 11:08 EDT | | TDS | Telephone and Data up 3% after U.S. Cellular declares special dividend
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| 11:01 EDT | | S | U.S. Cellular declares $5.75 per share special dividend
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| 07:46 EDT | | CLWR, S | Clearwire investors to force Sprint to up bid, Reuters reports
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| 06:50 EDT |  | VZ | Verizon initiated with an Overweight at Barclays
Target $59. |
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| 06:49 EDT | | SBAC | SBA Communications initiated with an Overweight at Barclays
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| 06:49 EDT | | AMT | American Tower initiated with an Overweight at Barclays
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| 06:49 EDT | | CCI | Crown Castle initiated with an Equal Weight at Barclays
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| 06:49 EDT | | T | AT&T initiated with an Equal Weight at Barclays
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| May 16, 2013 |
| 19:11 EDT | | S | Dish sends letter to FCC over SoftBank, Sprint deal, Reuters says
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| 07:26 EDT | | AMT | JPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 16 at 8 am; not all company presentations may be webcasted. Webcast Link |
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| May 15, 2013 |
| 17:36 EDT | | S | Paulson gives quarterly update on stakes
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| 17:16 EDT | | TDS | Gabelli urges shareholders to vote for nominee Morris
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| 12:59 EDT | | T | Google confirms plan to sell Samsung Galaxy S4 in Google Play store
Says GS4 will be available on AT&T (T) and T-Mobile (TMUS) networks. |
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| 12:25 EDT | | T | AT&T CEO sees mobile business stronger in Q2
On the AT&T presentation at the JPMorgan Global Technology, Media and Telecom Conference, the CEO of AT&T Randall Stephenson said he was disappointed in the mobility business in Q1. Stephenson said "2013 is going to be driven by pretty much the plan we outlined in the first of the year, and that is you are going to continue to see additional penetration, smartphone growth in our mobility business. And first quarter in mobility was probably not our best quarter; I don't think we executed very well in the first quarter. It was a bit disappointing to me." However the CEO is more optimistic about Q2, saying mobility will "look markedly better" than in Q1. |
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| 07:35 EDT | | T, SBAC | JPMorgan to host a conference
41st Annual Global Technology, Media & Telecom Conference is being held in Boston on May 14-16 with webcasted company presentations to begin on May 15 at 8 am; not all company presentations may be webcasted. Webcast Link |
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| May 14, 2013 |
| 17:48 EDT | | CCI | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). |
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| 11:54 EDT | | VZ | Verizon CFO says 'very comfortable' with cash position, ability to pay dividend
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| 11:49 EDT | | VZ | Verizon CFO declines to comment on potential to purchase Vodafone JV stake
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| 09:44 EDT | | S | Sprint says will launch BlackBerry Q10 in U.S. in late Summer
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| 08:31 EDT | | S | DISH announces $2.5B debt offering, to be used to partially fund Sprint bid
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| 06:07 EDT | | T | AT&T may drop HTC Facebook phone, Bloomberg reports
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| 05:44 EDT | | S | Banks work deals from both sides of the field, WSJ reports
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| May 13, 2013 |
| 16:48 EDT | | VZ | Verizon Wireless to make $7B payment to Verizon, Vodafone
Verizon (VZ) disclosed in a regulatory filing that on May 9, the board of representatives of Verizon Wireless declared distributions to its owners in the aggregate amount of $7B, payable on June 25 in proportion to their respective partnership interests on the date of such distribution. Based on current ownership interests in Verizon Wireless, Verizon will receive cash payments aggregating $3.85B and Vodafone (VOD) will receive cash payments aggregating $3.15B. |
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| 09:50 EDT | | S, CLWR | Clearwire sends letter urging stockholders to vote 'for' proposed Sprint transaction
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| 08:24 EDT | | S | Softbank pressuring potential Dish investment banks, FT reports
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| 07:29 EDT | | VZ | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. |
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| May 12, 2013 |
| 12:01 EDT | | T | AT&T, CWA reach tentative agreement in East wireline talks
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| May 11, 2013 |
| 13:39 EDT | | S | Softbank says Dish-Sprint deal poor match, Bloomberg reports
The CEO of SoftBank (SFTBF) Masayoshi Son criticized the concept of Dish Network's (DISH) offer to buy Sprint Nextel (S), saying the satellite company would be a poor fit for a wireless carrier, while the synergies of a SoftBank-Sprint deal will result in significant cost savings. Reference Link |
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| May 10, 2013 |
| 17:16 EDT | | CLWR, S | Crest Financial takes first step to perfect appraisal rights of Clearwire shares
Crest Financial Limited, the largest of the independent, minority stockholders of Clearwire (CLWR), has told its brokerage firms to take all necessary steps to perfect Crest's rights under Section 262 of the Delaware General Corporation Law to seek appraisal for the common stock of Clearwire that it beneficially owns. The Delaware law permits Clearwire shareholders electing to exercise their appraisal rights to ask the Delaware Court of Chancery to determine the fair value of their Clearwire common stock if the Sprint (S)-Clearwire merger is consummated and certain other conditions are satisfied. The law states that a Clearwire stockholder that votes FOR the Sprint-Clearwire merger cannot elect to exercise its appraisal rights. Crest has long argued that the price Sprint Nextel is offering to pay Clearwire stockholders for their shares is highly inadequate, that the merger was structured in a way that unfairly disadvantages minority stockholders and that Clearwire would be better off if it remained a stand-alone company. Crest also commended Glass, Lewis & Co., a leading proxy advisory firm, for its recommendation urging that Clearwire stockholders vote against the proposed merger with Sprint. Crest said is strongly disagreed with the view of ISS that the Sprint-Clearwire merger should succeed. |
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| 12:17 EDT | | CLWR, S | ISS recommends Clearwire holders vote 'FOR' proposed transaction with Sprint
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| 09:23 EDT | | CLWR, S | Sprint says ISS recommends Clearwire shareholders vote in favor of merger
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| 07:09 EDT | | S | Dish gets Jefferies Group financing in Sprint bid, Bloomberg reports
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| 07:08 EDT | | VZ, S, T | ESPN considers subsidizing wireless data plans, WSJ reports
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| 06:10 EDT | | S | On the Fly: Periodicals Wrap-Up
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| May 9, 2013 |
| 18:12 EDT | | S, CLWR | Softbank CEO says Sprint takeover to offer pricing advantage, WSJ reports
In an interview with The Wall Street Journal, Softbank (SFTBF) CEO Masayoshi Son said the proposed takeover of Sprint (S) will allow the combined company to bring a pricing advantage to the U.S. wireless market. The report also says Son has assured regulators networking equipment from Huawei Technologies would be removed from Clearwire's (CLWR) network as a condition for getting approval. Reference Link |
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| 15:09 EDT | | CLWR, S | Softbank CEO says Sprint wouldn't allow Clearwire bankruptcy filing, DJ reports
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| 14:06 EDT | | S, CLWR | Crest Financial issues statement urging Clearwire holders vote against merger
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| 12:54 EDT | | S | DISH Chairman says sale of spectrum or whole company options if Sprint bid fails
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| 12:44 EDT | | S | DISH's Ergen: If Sprint bid unsuccesful, could sell spectrum or whole company
Comment made on Q1 earnings conference call. |
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| 11:36 EDT | | T | AT&T unit Aio Wireless launches no-annual-contract service
Aio Wireless, a subsidiary of AT&T, announced earlier the launch of a new nationwide wireless service without an annual contract. Aio expects the service to roll out in multiple markets across the U.S. over the next year, with an initial launch in select stores in Houston, Orlando and Tampa, and with additional stores in these three markets opening in the coming weeks. Aio’s unlimited talk, text, and data rate plans range from $35 to $70 per month, with pricing varying by market, and will offer 4G download speeds of up to 4Mbs per second. AT&T does not expect this announcement to change its January financial guidance, the company noted. |
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| 09:40 EDT | | T | Jefferies to host a conference
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| 07:58 EDT | | S | Softbank says it will save Sprint $3B by 2017, Bloomberg reports
SoftBank (SFTBF) defended its takeover bid for Sprint Nextel (S) against a counteroffer by Dish Network (DISH), telling investors that its deal will bring about $3B in annual operating savings by 2017, reports Bloomberg. The merged companies will also be able to cut Sprint’s capital spending by 32% to 36%, SoftBank said. President Masayoshi Son presented the numbers to Sprint investors in a meeting in New York, sources said. Reference Link |
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| 05:50 EDT | | T | Samsung using its own parts to cut costs, WSJ reports
Samsung Electronics's (SSNLF) newsest smartphone, the Galaxy S 4, takes advantage of its chip- and display-manufacturing prowess to get its material costs closer to Apple's (AAPL) costs for the iPhone 5, reports the Wall Street Journal. Reference Link |
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| May 8, 2013 |
| 06:06 EDT | | S | Sprint holds off on giving DISH access to books, NY Post reports
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