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Stock Market & Financial Investment News

News Breaks
December 18, 2012
17:02 EDTAMT, CLWR, SAmerican Tower releases information regarding Sprint takeover of Clearwire
American Tower (AMT) released information about its business in light of Sprint's (S) contemplated acquisition of 100% ownership of Clearwire (CLWR), which is subject to regulatory approval. For the quarter ended September 30, Sprint and Clearwire accounted for approximately 15% and 3%, respectively, of American Tower's consolidated operating revenues. American Tower currently has separate leases for antenna space with Sprint and Clearwire on the same site at approximately 1,800 communications sites owned or operated by American Tower. The revenue generated from Clearwire on these sites represented approximately 1% of American Tower's consolidated operating revenues for the quarter ended September 30. The average remaining current term on the long-term lease arrangements on these sites with Sprint and Clearwire is approximately nine and five years, respectively.
News For AMT;S;CLWR From The Last 14 Days
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April 1, 2015
10:01 EDTAMTOn The Fly: Analyst Upgrade Summary
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07:42 EDTAMTAmerican Tower upgraded to Strong Buy from Outperform at Raymond James
As previously reported, Raymond James upgraded American Tower to Strong Buy from Outperform. The firm expects 2H and 2016 leasing trends to benefit from T-Mobile low-band spectrum deployment, Spring expanding its high-band overlay, AT&T and Verizon capex, reduced Nextel churn, and the potential build-out of FirstNet's network. Raymond James views American Tower's recent underperformance as an attractive opportunity to play the above trends and raised its price target to $114 from $112.
07:29 EDTAMTAmerican Tower resumed with an Overweight at JPMorgan
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06:40 EDTAMTAmerican Tower upgraded to Strong Buy from Outperform at Raymond James
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06:02 EDTSStandard General wins RadioShack bid, Reuters says
A Delaware bankruptcy judge has approved Standard General's bankruptcy bid for RadioShack's (RSHCQ) assets, Reuters reported yesterday, citing court proceedings. Standard plans to keep most of the company's roughly 1,740 stores open in partnership with Sprint (S), which will occupy roughly one-third of each location. Reference Link
March 31, 2015
08:50 EDTSSprint, Softbank to partner with Tidal music streaming service, TechCrunch says
Jay Z's Tidal music streaming service is partnering with Sprint (S) and Sprint-owner Softbank (SFTBF), reports TechCrunch, citing statements by Vania Schlogel, an executive at Tidal's parent company Aspiro. TechCrunch notes that during a recent launch event, singer Alicia Keys emphasized that the service looks to offer "exclusive experiences" between artists and consumers. Reference Link
March 30, 2015
07:30 EDTAMTAmerican Tower closes Verizon transaction
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March 26, 2015
09:02 EDTSSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Sam’s Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
March 24, 2015
08:52 EDTSSprint CEO may make 'unfortunate misstep,' says FBR Capital
FBR Capital says its vendor checks indicate new Sprint CEO Marcello Claure has undertaken a strategic review of the company's competitive positioning. The firm believes Truco, the strategic advisory group brought in by Claure, is advocating a "premature network rip and replace program." FBR says this approach of converting Sprint's 1.9GHZ spectrum to uplink would be an "unfortunate misstep and a missed opportunity to embrace the technology shift underway." The firm sees risk of Sprint under-investing and weakening its franchise value further. It has a Market Perform rating on the name.
March 23, 2015
07:13 EDTSRadioShack bankruptcy auction to begin Monday, WSJ says
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March 18, 2015
13:59 EDTST-Mobile announces 'Un-contract,' 'Carrier Freedom' initiatives
Today, during an event held to announce Un-carrier 9.0 − Un-carrier for Business − T-Mobile (TMUS) unveiled two new major Un-carrier initiatives for consumers. First, with T-Mobile’s new "Un-contract," customers will now have more certainty in their wireless pricing than ever before. Consumers and businesses with the Simple Choice rate plan will find that rates won’t go up as long as they’re a T-Mobile customer and keep their plan − and even customers with unlimited 4G LTE will lock in their rates for a minimum of two years. The Un-carrier also launched "Carrier Freedom," a new move where T-Mobile will now cover all outstanding phone and tablet payments up to $650 per line when customers from AT&T (T), Verizon (VZ) or Sprint (S) switch to T-Mobile.

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