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News Breaks
August 21, 2014
14:11 EDTVZ, GOGOGogo advances after blog discusses takeover speculation
Shares of Gogo (GOGO), which provides in-flight connectivity solutions, are climbing after a blog reported that there have been rumors that Verizon (VZ) could be interested in buying the company. WHAT'S NEW: Wall Street is "buzzing" with speculation that Verizon could be interested in acquiring, partnering with, or launching a joint venture with Gogo, a blog on Runway Girl Network stated earlier today. Verizon once provided telephones on domestic flights and has always been interested in the space, the blog added. Runway Girl Network, in addition to highlighting the achievements of women in aviation, says it combines "talented aviation journalists" and "first-hand knowledge of the passenger experience" to report news. ANALYST REACTION: In a note to investors today, Wells Fargo analyst Andrew Spinola wrote that Verizon, in addition to potentially being attracted to Gogo's aviation broadband, could be interested in the company's 4 MHz of 800MHZ spectrum. 800MHz spectrum is one of the most valuable spectrum bands, according to the analyst, who said that Gogo may now be trading at a level that is about equal to the value of its underlying spectrum. But there are a number of reasons why Verizon may not buy Gogo, Spinola believes. Among these are the fact that Verizon has said that it's not interested in providing aviation wifi services. Further, with Gogo transitioning to satellite, its spectrum should eventually become available for sale, reducing the need to acquire the entire company, the analyst explained. He kept a Market Perform rating on Gogo. PRICE ACTION: In mid-afternoon trading, Gogo climbed 91c, or 5.5%, to $18.
News For GOGO;VZ From The Last 14 Days
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October 9, 2015
08:14 EDTVZOutlook for video distributors mixed, says Pacific Crest
Pacific Crest believes that the shift to Internet video will accelerate, likely creating high profits for "the largest and most differentiated" TV distribution players. It identifies current trends as positive for Netflix (NFLX), Google (GOOG, GOOGL) and Apple (AAPL). It predicts that Comcast (CMCSA), DISH (DISH), AT&T (T), Time Warner Cable (TWC), and Verizon (VZ) will be hurt by the current trends.
October 8, 2015
11:38 EDTVZVerizon raises grandfathered unlimited data plans by $20, The Verge reports
Verizon will raise the monthly cost of its grandfathered unlimited data plans by an additional $20 per line to $49.99, reports The Verge. A Verizon spokesperson confirmed the news and said the new rate will apply beginning in November. The change impacts customers who are out of contract. Reference Link
06:36 EDTVZDISH initiated with a Buy at Deutsche Bank
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October 7, 2015
19:34 EDTVZAT&T Mobility CEO says FCC auction unlikely to raise $60B, Re/code reports
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October 6, 2015
18:20 EDTVZVerizon to merge existing ad programs into AOL advertising network
Verizon announced that, starting in November, the company will combine its existing advertising programs -- Relevant Mobile Advertising and Verizon Selects -- into the AOL Advertising Network. The programs use online and device identifiers, including AOL browser cookies and Verizon's "Unique Identifier Header." When the Verizon and AOL programs are combined, the Verizon identifier will be inserted in certain web traffic that is then sent to Verizon companies and to certain partners, the company explained. Reference Link
October 5, 2015
19:04 EDTVZSony, Verizon cancel plans for Xperia Z4v smartphone in U.S., Verge says
Sony (SNE) and Verizon (VZ) have cancelled plans to launch the Xperia Z4v smartphone in the U.S., reports The Verge, citing spokesperson statements. "Sony is a strategic partner as we continue having ongoing discussions together as part of our future portfolio," remarked Verizon, while Sony itself stated that it "remains dedicated" to the U.S. market, the report adds. Reference Link
07:45 EDTVZJuniper upgraded on positive checks at Stifel
As noted earlier, Stifel upgraded Juniper (JNPR) to Buy from Hold. The firm says that its checks show that the company's routers have "strong traction...with webscale customers." The firm adds that the company's dependency on Verizon (VZ) and AT&T (T) appears to be declining, while its checks on Juniper's new products have been positive. Target $32.
October 2, 2015
12:02 EDTVZFrontier Communications, IBEW AFL-CIO reach agreement in Florida
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September 30, 2015
11:31 EDTVZOn Track Innovations files patent infringement lawsuits against AT&T, Verizon
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11:01 EDTGOGOGogo partners with Ultramain Systems
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10:50 EDTVZAT&T, Verizon could find it hard to sell enterprise businesses, CTFN says
The wireline units of AT&T (T) and Verizon (VZ) that serve corporate customers may be viewed as good units to sell if the companies need to raise cash to help defray spectrum acquisition costs, but a small number of potential buyers and low EBITDA multiples for the units could make any such divestitures challenging, contended CTFN. Level 3 (LVLT) could be seen as a potentially interested buyer, but a source within the company told CTFN that purchasing units that are part of other companies, known as a "carve out," doesn't match the company's usual M&A strategy. Reference Link
09:31 EDTVZVerizon Ventures partners with Grand Central Tech
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September 29, 2015
06:18 EDTVZPublicis signs advertising partnership with Verizon's Go90 service, WSJ reports
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