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News Breaks
June 5, 2014
08:05 EDTSFXE, TMUSSFX Entertainment, T-Mobile announce extension of marketing alignment
SFX Entertainment (SFXE) and T-Mobile US, Inc. (TMUS) announced an extension of their marketing alignment with an 18-month program focused on building a deep cultural connection with the millennial audience through investments in festivals, media and custom events. As part of the new marketing program, T-Mobile will become the exclusive mobile partner to SFX in the USA. Further, T-Mobile will partner across SFX integrated media assets as well as partnering with Beatport on its upcoming Beatport Evolution Radio Show, which is a partnership with Clear Channel. SFX and T-Mobile will also partner to create original event concepts within the electronic music category. The program extends through to the end of 2015.
News For SFXE;TMUS From The Last 14 Days
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January 26, 2015
06:31 EDTTMUSCablevision to launch cheap mobile phone service, NY Times says
Cablevision (CVC) intends to unveil later today a cheap, Wi-Fi based mobile phone service, according to The New York Times. The first service of its kind to be introduced by a cable company, the offering will include unlimited data, talking and texting worldwide for $29.95 a month, or $9.95 a month for Cablevision’s Optimum Online customers, the newspaper stated. Incumbent wireless carriers include Verizon (VZ), AT&T (T), T-Mobile (TMUS), and Sprint ()S). Reference Link
January 23, 2015
09:04 EDTTMUSSprint guarantees T-Mobile customers $200 minimum trade in value for smartphones
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08:02 EDTSFXESFX Entertainment names Greg Consiglio as president and COO
SFX Entertainment (SFXE) named Greg Consiglio as President and COO of the company. Consiglio, who holds the same titles at Viggle (VGGL) will retain those positions as well. In addition to Consiglio, there were several other changes announced: Kevin Arrix joins SFX as EVP, and Chief Revenue Officer. He holds the same position at Viggle and will continue to do so. Tim Crowhurst will move from SFX’s President to SFX’s President and Head of Strategic Development. Ritty van Straalen will move from SFX’s COO to SFX’s President and CEO of Live Entertainment. According to the three-year agreement between SFX and Viggle, the combined sales organization will sell all inventory for both companies. The immediate access to the highly successful Viggle sales organization will give SFX a turnkey sales solution, while combining efforts and inventory with SFX will give Viggle access to a broader client list offering the potential to qualify for many previously unavailable sales opportunities.
January 22, 2015
19:40 EDTTMUSGoogle's entrance into telecommunications may not be beneficial, Re/code says
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10:10 EDTTMUST-Mobile introduces 'Smartphone Equality' program
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10:07 EDTTMUST-Mobile CEO teases announcement impacting 'huge number' of subscribers
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January 21, 2015
16:28 EDTTMUSGoogle to launch phone service with Sprint, T-Mobile, The Information says
Google (GOOG, GOOGL) is expected to reach deals to buy wholesale access to Sprint (S) and T-Mobile’s (TMUS) voice and data networks in order to sell mobile phone plans directly to customers, according to The Information, citing three people with knowledge of the plans. Google, which may put itself into competition with carrier leaders Verizon (VZ) and AT&T (T) with the new service, "seems likely" to launch the offering this year, according to the report. Reference Link
08:48 EDTTMUST-Mobile should be bought ahead of results, says Pacific Crest
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05:56 EDTTMUSVerizon downgraded to Equal Weight from Overweight at Barclays
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January 20, 2015
07:27 EDTTMUST-Mobile identified as top pick heading into Q4 results at Oppenheimer
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06:24 EDTTMUST-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
06:17 EDTTMUST-Mobile upgraded to Conviction Buy from Buy at Goldman
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January 18, 2015
13:45 EDTTMUSGoogle in talks to acquire mobile-pay platform Softcard, WSJ says
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