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AT&T Inc (T.N)

T.N on New York Stock Exchange

38.59USD
22 Sep 2017
Change (% chg)

$0.37 (+0.97%)
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Latest Key Developments (Source: Significant Developments)

AT&T says Straight Path elected to accept superior offer, terminated agreement with AT&T "after we declined to exercise our matching right"
Thursday, 11 May 2017 05:37pm EDT 

May 11 (Reuters) - AT&T Inc ::Says Straight Path elected to accept superior offer, terminated agreement with AT&T "after we declined to exercise our matching right".  Full Article

Verizon to buy Straight Path for more than $3 billion- WSJ
Wednesday, 10 May 2017 10:51pm EDT 

May 10 (Reuters) - :Verizon Communications to buy Straight Path Communications for more than $3 billion, after beating rival AT&T Inc in bidding war - WSJ, citing sources.  Full Article

Oracle and AT&T enter into strategic agreement
Thursday, 4 May 2017 09:00am EDT 

May 4 (Reuters) - Oracle Corp ::Oracle and AT&T enter into strategic agreement.Oracle - AT&T signed agreement to move thousands of large scale internal databases to co's cloud infrastructure as a service and platform as a service.Oracle says AT&T will migrate thousands of existing oracle databases containing petabytes of data plus associated applications workloads to oracle cloud.  Full Article

Time Warner Q1 adjusted earnings $1.66/shr from cont ops
Wednesday, 3 May 2017 07:00am EDT 

May 3 (Reuters) - Time Warner Inc :Time warner inc. Reports first-quarter 2017 results.Q1 adjusted earnings per share $1.66 from continuing operations.Q1 earnings per share $1.80 from continuing operations.Q1 revenue $7.7 billion versus i/b/e/s view $7.67 billion.Time warner inc qtrly warner bros. Segment revenues increased 8% ($256 million) to $3.4 billion.Time warner inc - qtrly turner segment revenues increased 6% ($182 million) to $3.1 billion,.Time warner inc - q1 home box office revenues increased 4% to $1.6 billion.Q1 adjusted earnings per share $1.66.Q1 earnings per share $1.80.Q1 earnings per share view $1.45 -- Thomson Reuters I/B/E/S.Time warner inc - remain on track, pending completion of regulatory reviews and receipt of consents, to close merger with at&t inc. Before end of 2017.Time warner inc - for three months ended march 31, 2017, company recognized $82 million of costs related to at&t merger.Time warner - in connection with at&t merger, as of march 31, co granted 5.7 million special retention rsus to certain employees of co and its divisions.Time warner - certain employees of co and its divisions, including executive officers other than chairman and ceo, got or will get cash retention award.  Full Article

Straight Path says revised offer to buy Co for $135.96/share constitutes “superior proposal”
Wednesday, 3 May 2017 06:45am EDT 

May 3 (Reuters) - Straight Path Communications Inc ::Straight Path board determines that a revised offer from a multi-national telecommunications company to acquire Straight Path for $135.96 per share constitutes a “superior proposal”.Revised offer reflects enterprise value of about $2.3 billion.Straight Path has notified AT&T of Straight Path board's determination regarding proposal.AT&T has option for next 3 business days to negotiate amendment of agreement to match or exceed offer made by multi-national telecom company.Under AT&T merger agreement, Straight Path is required to pay a $38 million termination fee to AT&T.  Full Article

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

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Sprint follows AT&T with free iPhone 8 offer for trade-in

Sprint Corp said on Monday it will offer Apple Inc's new iPhone 8 for free with a qualifying phone trade-in, following AT&T Inc's buy one, get one free promotion on Friday for DirecTV and U-verse TV customers.