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AT&T Inc (T.N)

T.N on New York Stock Exchange

39.63USD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

AT&T, IBEW reach tentative agreement in Midwest wireline contract negotiations
Wednesday, 26 Apr 2017 03:11pm EDT 

April 26 (Reuters) - At&T Inc ::AT&T, IBEW reach tentative agreement in Midwest wireline contract negotiations.Five-year agreement covers nearly 5,000 wireline employees primarily in Illinois and Northwest Indiana.Current contract expires on June 24, 2017.Tentative agreement reached by units with International Brotherhood of Electrical Workers System Council T-3 in wireline contract negotiations.Also announced it will hire 1,000 people into IBEW-represented jobs in next five years, including a new call center in Chicago.  Full Article

AT&T says had 38.7 mln video subscribers at March 31, 2017
Tuesday, 25 Apr 2017 04:18pm EDT 

April 25 (Reuters) - At&T Inc ::AT&T Inc - at march 31, 2017, had 38.7 million video subscribers (excluding directv now) compared with 37.8 million at march 31, 2016 - sec filing.AT&T Inc - at March 31, 2017, about 84 percent of linear video subscribers are on satellite platform.  Full Article

AT&T reports Q1 earnings per share of $0.56
Tuesday, 25 Apr 2017 04:01pm EDT 

April 25 (Reuters) - At&T Inc : :AT&T reports first-quarter results.Q1 earnings per share $0.56.Q1 revenue $39.4 billion versus I/B/E/S view $40.91 billion.Q1 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.AT&T Inc - 2.7 million wireless net adds in quarter.AT&T Inc - sees FY adjusted EPS growth in mid-single digit range.AT&T Inc - sees FY capital expenditures in $22 billion range.AT&T Inc - sees FY free cash flow in $18 billion range.Qtrly U.S. Wireless postpaid churn of 1.12 pct.AT&T Inc - no longer providing FY consolidated revenue guidance primarily due to unpredictability of wireless handset sales.FY2017 earnings per share view $2.93 -- Thomson Reuters I/B/E/S.Qtrly adjusted earnings per share $0.74.AT&T Inc - Directv Now gains help offset Linear tv subscriber decline in quarter.  Full Article

Straight Path board says offer of $104.64/shr to buy co is “superior proposal”
Tuesday, 25 Apr 2017 06:45am EDT 

April 25 (Reuters) - Straight Path Communications Inc :Straight Path board determines that an unsolicited offer from a multi-national telecommunications company to acquire Straight Path for $104.64 per share constitutes a “superior proposal”.Straight Path Communications Inc - co has notified AT&T of Straight Path board's determination.Straight Path Communications - under AT&T agreement, co required to pay a $38 million termination fee to AT&T if board terminates AT&T merger agreement.Straight Path Communications - AT&T has option for next five business days to negotiate a possible amendment of that agreement to match or exceed bidder's offer.Straight Path Communications - bidder has agreed to pay termination fee to AT&T on Straight Path's behalf if Straight Path board terminates AT&T agreement.  Full Article

Straight Path Communications says third party currently evaluating topping AT&T bid
Thursday, 13 Apr 2017 05:50pm EDT 

Straight Path Communications Inc : Straight Path Communications - upon termination of merger agreement under certain circumstances,co to pay at&t termination fee equal to $38 million-sec filing . Straight Path Communications - in addition, at&t required to pay co an aggregate amount equal to $85 million, upon termination under certain circumstances . Straight Path Communications - co,co's financial advisor received letter from third party that had been bidding to acquire co before co entered agreement .Straight Path Communications Inc - letter indicated that third party continues to be interested, and that it currently is evaluating a topping bid.  Full Article

AT&T expects $1.4 bln refund from FCC, in relation to bid for spectrum
Thursday, 13 Apr 2017 03:57pm EDT 

At&T Inc - :AT&T Inc - in relation to successful bid for Spectrum, a refund in amount of $1.4 billion is expected from FCC.  Full Article

T-Mobile largest winner in US wireless spectrum auction-FCC
Thursday, 13 Apr 2017 02:26pm EDT 

T-Mobile : Largest winner in U.S. wireless spectrum auction with $8 billion bid; Comcast bid $1.7 billion; Verizon did not bid - FCC .AT&T among largest auction winners, with $6.2 billion and $910 million bids, respectively - fcc.  Full Article

BRIEF-AT&T to acquire Straight Path
Monday, 10 Apr 2017 08:32am EDT 

At&T Inc : AT&T to acquire Straight Path .AT&T will acquire 735 mmwave licenses in 39 ghz band and 133 licenses in 28 ghz band.  Full Article

AT&T enters to acquire Straight Path Communications in all stock deal
Monday, 10 Apr 2017 08:30am EDT 

Straight Path Communications Inc : AT&T enters into definitive agreement to acquire Straight Path Communications for $95.63 per share in all stock deal . Deal for $95.63 per share . Deal for $95.63 per share . Straight Path shareholders will receive $1.25 billion, or $95.63 per share, which will be paid using AT&T stock . Transaction has a total value of $1.6 billion which includes liabilitiesDeal supported by Straight Path's majority shareholder, Howard Jonas, who has entered into a voting agreement with AT&T . Transaction was approved by board of directors of both companies . Howard Jonas entered into a voting agreement with AT&T and agreed to vote his class a shares in support of transaction .AT&T is to acquire straight path in an all-stock merger intended to qualify as a tax-free reorganization.  Full Article

AT&T says starting April 6, co to include HBO as part of AT&T Unlimited Plus wireless plan
Wednesday, 5 Apr 2017 09:00am EDT 

AT&T Inc : Says beginning April 6, co to include HBO as part of AT&T Unlimited Plus wireless plan; new and existing customers on plan to get HBO included .Says in addition, as part of AT&T Unlimited Plus wireless plan, customers to get a $25 monthly video credit on DIRECTV, DIRECTV NOW or U-verse TV.  Full Article

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