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February 20, 2014
07:39 EDTDTVDirecTV reports Q4 Latin America net subscriber additions 231K
Excluding changes in foreign exchange rates, DTVLA fourth quarter revenues grew 24% driven by a 15% increase in the average number of subscribers and an 8% increase in local currency ARPU's. When factoring in unfavorable changes in foreign currency, most notably in Venezuela, Argentina and Brazil, DTVLA ARPU declined 7.8% to $51.47 and revenues increased 6% to $1.77B compared to the fourth quarter of 2012. Net subscriber additions of 231,000 in the quarter decreased from 658,000 in the prior year period due to a decline in gross subscriber additions, along with a higher average monthly churn rate. Fourth quarter gross subscriber additions declined to 989,000 principally due to lower imports of set-top boxes for new customers in Venezuela, as well as lower subscriber additions in Argentina, Colombia and Chile associated with more challenging economic and competitive conditions. Average monthly post-paid churn increased to 1.85% and total average monthly churn increased to 2.21% mostly due to higher churn in Brazil related to the effect of a higher mix of mass market subscribers along with more challenging economic and competitive conditions. DTVLA ended the year with 11.57M subscribers, an increase of 12% compared with the year ended December 31, 2012.
News For DTV From The Last 14 Days
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July 1, 2015
15:23 EDTDTVDISH's Ergen awaits AT&T-DirecTV approval before more T-Mobile talks, FBN says
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13:57 EDTDTVAT&T-DirecTV deal set to be cleared by U.S. antitrust officials, Bloomberg says
AT&Tís (T) proposed $48.5B deal to buy DirecTV (DTV) is slated to be cleared by U.S. antitrust officials without any conditions, Bloomberg reports, citing a personal familiar with the deliberations by the Justice Department. The merger still requires approval from the FCC, which may demand concessions such as following net neutrality rules, the report says. Reference Link
June 30, 2015
18:11 EDTDTVAT&T, DirecTV merger may get U.S. approval next week, Reuters says
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June 29, 2015
17:25 EDTDTVAT&T, DirecTV elect to further extend merger termination date
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15:32 EDTDTVDoubtful that FCC votes on AT&T, DirecTV deal this week, CTFN says
Sources said it is looking "increasingly doubtful" that the FCC will vote this week on the proposed merger between AT&T (T) and DirecTV (DTV), according to CTFinancialNews. Reference Link
June 23, 2015
05:41 EDTDTVAT&T upgraded to Buy from Neutral at UBS
UBS analyst John Hodulik upgraded AT&T (T) to Buy citing an attractive valuation at current share levels. Hodulik expects the phone giant's core domestic wireless business to show "meaningful improvement" in Q2. He also thinks financial benefits from the DirecTV (DTV) acquisition are being underappreciated by the market. Hodulik raised his price target for AT&T shares to $42 from $34. The stock was also upgraded this morning by Barclays analyst Amir Rozwadowski. AT&T shares closed yesterday up 5c to $35.04.
05:35 EDTDTVAT&T upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Amir Rozwadowski upgraded AT&T (T) to Overweight saying earnings estimates should move higher following the close of the DirecTV (DTV) acquisition. After visiting AT&T's headquarters, Rozwadowski believes synergies from the deal are "too material to ignore." He raised his price target for AT&T shares to $39 from $34. The stock closed yesterday up 5c to $35.04.
June 22, 2015
09:52 EDTDTVKimberly-Clark names DirecTV CEO Michael White to board of directors
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