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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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October 9, 2015
08:14 EDTTOutlook 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
11:04 EDTTDirecTV launches Big Knockout Boxing virtual reality app
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06:36 EDTTDISH initiated with a Buy at Deutsche Bank
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October 7, 2015
19:34 EDTTAT&T Mobility CEO says FCC auction unlikely to raise $60B, Re/code reports
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15:14 EDTTAmazon considering possible online service for live TV, Bloomberg says
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06:26 EDTTAT&T granted TTY waiver by FCC for Wi-Fi calling, Re/code says
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October 5, 2015
08:07 EDTTAT&T and Viacom reach multi-year distribution agreement
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07:46 EDTTJuniper's Contrail Networking selected by AT&T for Integrated Cloud
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07:45 EDTTJuniper 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.
September 30, 2015
13:10 EDTTAT&T says DirecTV's Audence Network now available on U-verse
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11:31 EDTTOn Track Innovations files patent infringement lawsuits against AT&T, Verizon
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10:50 EDTTAT&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
07:20 EDTTAT&T Q3 wireless adds better than expected, says UBS
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05:38 EDTTAT&T IoT technology used by Maersk
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September 29, 2015
16:52 EDTTAT&T backs FY15 adjusted EPS view $2.62-$2.68, consensus $2.62
Backs FY15 double-digit revenue growth, consensus $153.06B. In a regulatory filing, AT&T reiterated its guidance for full-year adjusted EPS, double-digit revenue growth and continued consolidated margin expansion, even with foreign exchange pressure from the company's international operations. The company also expects capital spending to increase from second-quarter levels and free cash flow to be greater than $4.5B for the quarter. The company also reaffirmed all other full-year guidance. AT&T's wireless performance includes results from both business and consumer customers. AT&T expects more than 2M total net adds in the third quarter with gains in every customer category (postpaid, prepaid, connected devices and reseller). The company also expects positive branded voice net adds in the quarter. As a result, and with a continued focus on efficiency initiatives, the Company expects to maintain momentum in wireless service EBITDA margins. AT&T said its early integration efforts with DIRECTV are going well and are in line or better than expectations. The Company expects to report positive U.S. DIRECTV net adds in the third quarter and positive IP broadband net adds. U-verse TV subscribers are expected to decline as the Company continues to focus on satellite and high-value subscribers. The Company also said that it is changing the methodology DIRECTV used to count commercial subscribers to conform to AT&T practices. Previously, DIRECTV used a method of counting commercial customers that converted commercial accounts to an equivalent number of residential subscribers based on relative revenues per account. Under the new methodology, the Company will simply count each commercial account as one subscriber. This will reduce DIRECTV's total subscriber count by 918,600 at acquisition close on July 24, 2015. This change has no impact on historical or future revenues, EBITDA or cash flows. In International, the Company continues to show great progress in its deployment of 4G LTE in Mexico as the Company invests in that country's wireless network. AT&T is on track with reaching its end-of-year goal of covering 40 million POPs. The Company also continues its work on creating operating efficiencies for its Latin America satellite properties, even with foreign exchange pressure. AT&T will announce its full third-quarter results on Oct. 22.
12:27 EDTTAT&T may take $1.1B charge for DirecTV Venezuela assets, Reuters reports
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10:56 EDTTAT&T may take $1.1B charge for DirecTV Venezuela assets, CNBC says
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