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News Breaks
July 23, 2014
16:08 EDTTAT&T reports Q2 wireless revenue up 3.7% versus the year-ago quarter
The success related to AT&T Next, the company’s equipment installment plan, and Mobile Share Value plans impacted postpaid service ARPU. Phone-only postpaid ARPU decreased 7.7% versus the year-earlier quarter. Phone-only postpaid ARPU with AT&T Next monthly billings decreased 4.7%. The strong adoption of Mobile Share Value plans ahead of device upgrades on AT&T Next also is impacting the timing of revenues. As customers upgrade with AT&T Next, phone-only ARPU with AT&T Next monthly billings is expected to increase. At the same time, the company has lower postpaid churn which drives higher customer value and improved customer satisfaction scores. Postpaid net adds include 707,000 smartphones. Total branded smartphone net adds (both postpaid and prepaid) were 576,000, due to expected declines in legacy Cricket smartphone subscribers. Total branded tablet net adds were 250,000. The company had 366,000 postpaid tablet net adds. Postpaid churn was a record-low 0.86%. This compares to 1.02% in the year-ago quarter and 1.07% in the first quarter of 2014. Total churn of 1.47% was up compared to 1.36% in the year-ago quarter due to expected pressure in prepaid with the transition of Cricket subscribers.
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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