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Stock Market & Financial Investment News

News Breaks
June 16, 2014
10:41 EDTDISH, TMUS, DTV, T, SDISH rises after JPMorgan upgrades, sees potential for T-Mobile deal
Shares of satellite broadcaster DISH Network (DISH) are climbing after JPMorgan upgraded the stock, saying that the company has many potential catalysts and its the shares have an attractive risk/reward ratio. WHAT'S NEW: Over the next 18-24 months, DISH's stock could be boosted by a number of events, including the company's acquisition of all or part of T-Mobile (TMUS), JPMorgan analyst Philip Cusick wrote in a note to investors earlier today. Such a deal could accelerate the growth of both companies, the analyst contended. Additionally, DISH could rise as a result of partnerships it could form with carriers in order to utilize some of its spectrum, the analyst contended. Alternatively, DISH could conclude to sell or lease other parts of its spectrum, added the analyst. Cusick summarized that DISH has many potential positive catalysts and its shares are unlikely to decline significantly, upgrading the stock to Overweight with a $72 price target. WHAT'S NOTABLE: AT&T (T) recently agreed to buy DISH's satellite broadcasting peer DirecTV (DTV). However, Cusick does not believe that DISH is currently looking to sell itself. Various media reports have claimed that Sprint (S) is in talks about a potential merger with T-Mobile. Reuters said in early June that Sprint agreed to purchase T-Mobile for approximately $40 per share. CNBC's David Faber reported last week, citing sources, that Sprint and T-Mobile have agreed on a $2B break-up fee for their potential tie-up transaction. PRICE ACTION: In early trading, DISH rose 1.3% to $59.75.
News For DISH;TMUS;DTV;T;S From The Last 14 Days
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September 25, 2014
10:16 EDTT, DTVDirecTV shareholders vote in favor of merger with AT&T, Bloomberg reports
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September 24, 2014
09:17 EDTDISHComcast accuses TWC deal opponents of extortion, Re/code reports
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05:03 EDTTAT&T to offer Samsung Gear S
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September 23, 2014
15:12 EDTDTVDirecTV to host special shareholder meeting
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12:19 EDTTAT&T, Vodafone 'laying groundwork' for deal, BSN reports
Vodafone (VOD) and AT&T (T) are "laying the groundwork" for a possible acquisition, merger or partnership deal, according to Bright Side of News, citing sources close to both companies. Shares of Vodafone have moved out of negative territory and are up 0.5% following the report. Reference Link
September 22, 2014
10:01 EDTTGernin Group and AT&T's Otter Media to acquire majority stake in Fullscreen
Otter Media, a venture between The Chernin Group and AT&T, agreed to purchase a majority stake in Fullscreen, a global online media company. As part of the deal, Fullscreen CEO and Founder George Strompolos will continue as CEO and maintain a material ownership stake in the company. Otter Media was established by AT&T and The Chernin Group to invest in, acquire and launch over-the-top video services. Fullscreen's management team will all continue in their roles in the company. The transaction is expected to close within the next month, subject to regulatory approval. WPP, which had invested in Fullscreen in a round of Series A funding led by The Chernin Group in 2013, will continue as a strategic shareholder in the company.
07:14 EDTTGSM Association to hold a conference
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06:58 EDTTMUSIliad enacts mid-October cut-off date for T-Mobile offer, Reuters says
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September 20, 2014
21:29 EDTTMUSIliad faces obstacles in T-Mobile bid, Bloomberg says
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September 19, 2014
18:40 EDTTMUSIliad sets mid-October deadline for T-Mobile bid, Reuters reports
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12:20 EDTTMUSIliad financing talks yet to yield higher T-Mobile bid, Bloomberg reports
Iliad talks with potential partners for additional financing have not yet resulted in a higher bid for T-Mobile (TMUS), Bloomberg reports, citing people familiar with the matter. Iliad is facing hurdles while Deutsche Telekom (DTEGY) reconsiders plans for its U.S. unit, Bloomberg adds. Reference Link
11:28 EDTTMUSIliad seeking additional financing for T-Mobile bid, Bloomberg reports
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07:36 EDTSSprint price target cut to $8-$10 from $11-$11.75 at Wells Fargo
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September 18, 2014
12:23 EDTT, DTVAT&T ex-partners look to FCC to hinder DirecTV offer, Reuters says
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09:34 EDTTAT&T extends NetBond security services to IBM SoftLayer platform
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September 17, 2014
15:50 EDTDTV, DISHDISH, DirecTV support committee passage of STAVRA legislation
DIRECTV (DTV) and DISH (DISH) issued the following statement regarding the passage of the Satellite Television Access and Viewer Rights Act, or STAVRA, out of the Senate Committee on Commerce, Science, & Transportation: "We thank Chairman Rockefeller, Ranking Member Thune and the rest of the Senate Commerce Committee for passing bipartisan legislation that makes important reforms to the outdated laws governing today’s video market, while ensuring continuity of service to more than 1.5M distant signal subscribers who would, otherwise, lose service at the end of this year. We look forward to working with Congressional leadership to see this reauthorization swiftly passed into law, and also look forward to continuing the important discussion regarding retransmission consent reform, and in particular protecting consumers from local channel blackouts.”
15:06 EDTTAT&T met with Mexican telecommunications regulators, Bloomberg says
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13:34 EDTT, DTVAT&T could need significant debt to pursue America Movil assets, WSJ says
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12:53 EDTSSprint management to meet with Jefferies
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11:39 EDTTVerizon says tower sales options more favorable in current market
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