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Stock Market & Financial Investment News

News Breaks
May 22, 2014
06:25 EDTT, DTV, DISHAT&T continues to defend DirecTV acquisition over DISH deal, WSJ says
AT&T (T) said it acquired DirecTV (DTV) over DISH (DISH) because DirecTV's assets were more attractive while DISH's spectrum and plans to get into broadband business would make a dead hard to get past regulators, reports the Wall Street Journal. This comes after several investors believed reports that the deal was a ploy to "smoke out" DISH Chairman to either sell to AT&T or merge with DirecTV. Reference Link
News For T;DISH;DTV From The Last 14 Days
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August 26, 2015
18:47 EDTDISHDISH, Sinclair Broadcast reach agreement, form basis for long-term deal
DISH Network (DISH) announced that it and Sinclair Broadcast Group (SBGI) have reached an agreement in principle "that will form the basis of a long-term retransmission consent agreement" for carriage of Sinclair's local channels in 79 markets nationwide. Restoration of Sinclair signals to DISH's system is underway. "We are grateful for the FCC's work on behalf of consumers to actively broker a productive path forward," said DISH, adding that it is asking the Federal Communications Commission to stay action on DISH's verified amended and restated retransmission complaint and request for preliminary injunctive relief as the long-term agreement is being finalized. Terms of the agreement were not disclosed.
18:24 EDTDISHSinclair Broadcast, DISH reach retransmission consent pact in principal
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13:45 EDTTAT&T ends airport Wi-Fi ads experiment, Re/code reports
AT&T has ended serving ads to consumers using its free Wi-Fi at two Washington, D.C.-area airports, Re/code reports. The company told Re/code that it was conducting an experiment of "an ongoing effort to explore alternate ways to deliver a free Wi-Fi service that is safe, secure and fast." Reference Link
12:44 EDTDISHFCC Chairman Wheeler says to convene emergency meeting with DISH, Sinclair
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12:30 EDTTAT&T may need to choose between dividend and credit rating, CTFN reports
AT&T, despite acquiring DirecTV, may have to choose between maintaining its credit rating and its dividend in a few years as web video displaces satellite, CTFN reports, citing two credit analysts and a senior executive. AT&T has reduced the pressure from high dividend payments after the DirecTV purchase, but "it could be back in the same situation within three years if DirecTV's cash flow isn't sustainable," according to Mark Stodden, VP and senior credit officer at Moody's. AT&T spokesperson said that any suggestion that it needs to reduce its dividend "ignores the facts," the report says. Reference Link
05:30 EDTDISHDISH renews formal complaint with FCC against Sinclair Broadcast
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05:17 EDTDISHDISH says Sinclair Broadcast chooses to initiate channel blackout
Despite reaching an agreement on rates and all other terms for the carriage of the Sinclair local stations, DISH (DISH) said that this afternoon Sinclair Broadcast Group (SBGI) chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets across 36 states and the District of Columbia, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today. Warren Schlichting, DISH senior vice president of programming, said, "Sinclair rejected our extension offer and has chosen to use innocent consumers as pawns to gain leverage for the economic benefit of Sinclair, while causing substantial harm and disruption to the lives of consumers." DISH and Sinclair had been making steady progress in their recent negotiations, and DISH was hopeful that they would come to a mutual agreement to renew carriage of the Sinclair local stations. In that spirit, DISH offered another short-term contract extension to Sinclair that would include a retroactive "true-up" when new rates were agreed upon, and would preserve the ability of DISH customers to access the Sinclair local stations while our negotiations continued. The "true-up" would ensure that Sinclair was made whole at the new rates for the period of any contract extension. Rather than accept DISH's good faith offer, Sinclair Broadcast Group chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today.
August 25, 2015
06:25 EDTTAT&T to rebrand services in Mexico, WSJ reports
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August 24, 2015
16:00 EDTTOptions Update; August 24, 2015
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August 23, 2015
19:13 EDTTBT executive says Verizon, AT&T abusing landline duopoly, FT reports
In a Financial Times interview published Sunday, BT Group's (BT) Americas president Bas Burger said Verizon (VZ) and AT&T (T) are abusing their control over telephone and broadband lines to charge inappropriate access fees to companies like BT. "For a western world country it is the worst I've seen... There is not sufficient regulation to create competition: almost all access is being provided by two companies and they have divided the country among themselves," remarked Burger, adding that the two companies are also not required to fix network problems within any specific timeframe. Reference Link
August 20, 2015
08:02 EDTTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
August 19, 2015
10:20 EDTDISH, TBig telecom firms put M&A on hold, CTFN reports
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08:22 EDTTSprint traffic levels increasing, says Pacific Crest
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August 18, 2015
11:34 EDTTSprint rises on plans to abandon two-year contracts
Sprint shares are higher this morning after the company's chief executive officer said that the carrier plans to move away from two-year contracts. WHAT'S NEW: In an interview with The Wall Street Journal, Sprint CEO Marcelo Claure said that the company will stop offering two-year contracts by the end of 2015 in favor of a "smartphone lease" model. Sprint began offering a lease option last year, The Journal noted, and Claure said the carrier is planning to move entirely to that model by the end of the year. As part of its shift, Sprint yesterday unveiled iPhone Forever, a new leasing plan that starts at $22 per month for an iPhone. WHAT'S NOTABLE: In a similar move earlier this month, Sprint rival Verizon (VZ) said it would drop phone subsidies and two-year contracts for new customers. T-Mobile (TMUS), another market rival, abandoned contracts over two years ago, leaving AT&T (T) as the only major U.S. carrier still offering to subsidize new smartphone purchases. Separately, Softbank (SFTBF), Sprint's primary stakeholder, disclosed last week that it increased its holdings in the company to approximately 80%, though the company said it does not plan for its stake in the carrier to exceed 85%. Meanwhile, a study released Tuesday by RootMetrics, an independent company that evaluates wireless networks, shows that Sprint is improving its network, having solidified third place nationally in overall performance, surpassing T-Mobile for the second consecutive six-month stretch. PRICE ACTION: Sprint is up 7c, or 1.52%, to $4.67 in morning trading.
10:17 EDTDISHDisney downgraded as Wells moves away from content providers
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06:11 EDTDISHFCC: Dish can't apply $3.3B in credits in airwaves auction, AP reports
The FCC said that Dish Network may not apply $3.3B in small-business credits towards buying airwaves it acquired in a government auction, the Associated Press reports. Reference Link
August 17, 2015
06:26 EDTTAmerica Movil removes charges on U.S. calls for Mexican clients, Reuters says
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06:17 EDTTAT&T aided NSA in web surveillance, NYT reports
The National Security Agency's, or NSA, ability to spy on great amounts of internet traffic has relied on a decades-long partnership with AT&T, the New York Times reports, citing newly disclosed NSA documents. The company's cooperation with the NSA has involved a broad range of activities from 2003-2013, including giving the NSA access to billions of emails and providing technical assistance in carrying out a secret court order permitting the wiretapping of all web communications at the UN headquarters, the report says. AT&T installed surveillance equipment in "at least" 17 of its U.S. internet hubs, the report says. Reference Link
August 16, 2015
14:24 EDTDISHDISH, Sinclair reach short term contract extension, ask for stay on FCC action
DISH Network (DISH) and Sinclair Broadcast Group (SBGI) announced they have agreed to a short term contract extension as they continue to negotiate a new retransmission agreement. The current agreement was set to expire Saturday night. "The extension preserves DISH customer access to 153 local channels in 79 markets nationwide," said DISH. DISH is asking the Federal Communications Commission to stay action on its verified retransmission complaint and request for preliminary injunctive relief as the two parties continue to negotiate.
14:19 EDTDISHDISH files FCC complaint against Sinclair ahead of potential channel blackout
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