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News Breaks
June 3, 2014
07:31 EDTTAT&T sees Q2 postpaid subscriber net adds exceeding 800,000
AT&Tís Project VIP network transformation plan, announced in 2012, is ahead of schedule: AT&Tís 4G LTE network now covers nearly 290 million people; and The companyís Project VIP broadband build is expected to take fiber to more than 400,000 new business customer locations by the end of the second quarter. In Mobility, AT&T expects to report second-quarter results that include: Postpaid subscriber net adds exceeding 800,000; Postpaid churn of 0.95 percent or lower; Approximately 3.2 million AT&T Next smartphone sales, which have risen throughout the quarter and now are expected to be approximately 50 percent of total sales; and Approximately one-half of the companyís postpaid smartphone customer base on no-device-subsidy Mobile Share Value pricing plans, growing to approximately two-thirds by year-end. AT&T Next and Mobile Share Value plans are driving a shift in the companyís wireless revenue components ó resulting in higher equipment revenues and lower service revenues and ARPU, with no service revenue growth expected in the second quarter. The company expects second-quarter wireless service EBITDA margins to be pressured year over year due to the increased sales activity and strong customer movement to the no-device-subsidy Mobile Share Value plans. Wireless service EBITDA margins are expected to be over 40 percent in each of the three remaining quarters of 2014. Wireline expectations for the second quarter include: U-verse video additions bundled with broadband will continue to perform well. U-verse broadband to be solid even with second-quarter seasonality and fewer migrations from DSL. Growing consumer preference for buying broadband and pay TV services bundled together reinforces the strategic rationale of AT&Tís proposed acquisition of DIRECTV. Continued growth in business high speed broadband adds; Strategic business services revenue growth in the mid-teens, with continued economic pressures; and Wireline margins continue under pressure, reflecting content cost increases, fiber expansion and high-speed broadband subscriber growth.
News For T From The Last 14 Days
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December 22, 2014
06:45 EDTTMexican regulator imposes conditions on AT&T acquisition, Reuters says
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December 19, 2014
13:27 EDTTAT&T increases dividend 2.2% to 47c from 46c
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December 12, 2014
16:33 EDTTStocks finish week lower amid steep decline in oil prices
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December 10, 2014
10:24 EDTTSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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09:12 EDTTRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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08:16 EDTTBarclays to hold a conference
Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
07:30 EDTTAT&T price target lowered to $36-$38 from $42-$44 at Wells Fargo
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06:32 EDTTAT&T shares have near-term downside risk to $30, says Citigroup
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05:51 EDTTStocks with implied volatility movement; CBST T
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05:15 EDTTAT&T rebrands Alltel in Georgia
AT&T has upgraded the former Alltel retail locations in Georgia and opened them under the AT&T brand. AT&T has also upgraded the former Alltel network in Georgia to combine the strength of Alltel's local coverage with AT&T's 4G LTE network. In early 2015, more than 100,000 former Alltel wireless customers in Georgia will begin using new devices that work on AT&T's network.
December 9, 2014
10:28 EDTTVerizon drops after warning about promotional impact on profits
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07:32 EDTTUBS to hold a conference
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December 8, 2014
18:24 EDTTOn The Fly: After Hours Movers
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