Key Developments: AT&T Inc (T)

T on New York Consolidated

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26 Nov 2014
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Latest Key Developments (Source: Significant Developments)

AT&T Inc and Town of Cary reach agreement to deploy up to 1 Gigabit Network
Friday, 20 Jun 2014 09:00am EDT 

AT&T Inc:Says Cary, N.C., town officials ratified an agreement with AT&T to bring ultra-fast Internet access to residents and businesses in Cary.AT&T will provide U-verse with GigaPower over a fiber network with speeds capable of up to 1 gigabit per second.Agreement stemmed from a North Carolina Next Generation Network (NCNGN) initiative.Says NCNGN is comprised of six cities, four leading universities, and local business leaders working to encourage development of high-speed broadband networks in the state.Plan outlines potential fiber deployments to deliver ultra-fast broadband to parts of Cary.AT&T U-verse with GigaPower will also deliver advanced TV services and Internet speeds up to 10 times faster than what is available in Cary today.  Full Article

AT&T Inc raises FY 2014 revenue outlook
Tuesday, 3 Jun 2014 07:30am EDT 

AT&T Inc:Raises FY 2014 revenue growth to be in the 5 pct range.Reported revenue of $128.8 billion in FY 2013.FY 2014 revenue of $132.4 billion - Thomson Reuters I/B/E/S.  Full Article

US Navy awards AT&T government solutions $10.4 mln contract for nationwide cloud-based VoIP 911 call routing solution
Monday, 2 Jun 2014 08:00am EDT 

AT&T Inc:Says AT&T Government Solutions has been awarded a $10.4 mln contract by U.S. Navy to continue to provide AT&T's cloud-based VoIP enterprise 911 routing and call handling solutions to Navy facilities nationwide.  Full Article

AT&T Inc to open support center in Bucharest-Telecompaper Europe
Monday, 19 May 2014 08:00pm EDT 

AT&T Inc:The company's president and executive director Randall Stephenson recently visited Romania's capital Bucharest to meet Prime Minister Victor Ponta during a private dinner, writes local paper Ziarul Financiar-Telecompaper Europe.The purpose of the visit was to discuss the possibility that the company might open a support center in Bucharest.Approximately 200 people will be hired to work at this center, provided the project is given the green light.The information about Stephenson's visit to Romania appeared on the local telecoms market but it is yet to be confirmed by official sources, the paper said.  Full Article

Fitch Places AT&T's 'A' IDR on Negative Watch AT&T Inc
Monday, 19 May 2014 06:07pm EDT 

AT&T Inc:Fitch Ratings has placed A Issuer Default Ratings (IDRs) and outstanding debt of AT&T Inc. and its subsidiaries on Rating Watch Negative.The company's F1 short-term IDR and commercial paper rating has also been placed on Rating Watch Negative.  Full Article

AT&T Inc enters into agreement to acquire DIRECTV
Sunday, 18 May 2014 04:56pm EDT 

AT&TInc and DIRECTV:Enters into definitive agreement under which AT&T will acquire DIRECTV in stock-and-cash transaction for $95 per share based on AT&T's closing price on May 16.Agreement has been approved unanimously by boards of both companies.Says DIRECTV shareholders will receive $95.00 per share under terms of merger, comprised of $28.50 per share in cash and $66.50 per share in AT&T stock.Says stock portion will be subject to collar such that DIRECTV shareholders will receive 1.905 AT&T shares if AT&T stock price is below $34.90 at closing and 1.724 AT&T shares if AT&T stock price is above $38.58 at closing.Says if AT&T stock price at closing is between $34.90 and $38.58, DIRECTV shareholders will receive a number of shares between 1.724 and 1.905, equal to $66.50 in value.Says this purchase price implies total equity value of $48.5 bln and total transaction value of $67.1 bln, including DIRECTV's net debt.Says AT&T intends to finance the cash portion of transaction through combination of cash on hand, sale of non-core assets, committed financing facilities and opportunistic debt market transactions.To facilitate regulatory approval process in Latin America, AT&T intends to divest interest in América Móvil.Says transaction is expected to close within about 12 months.  Full Article

AT&T Inc raises FY 2014 revenue guidance
Tuesday, 22 Apr 2014 04:01pm EDT 

AT&T Inc:Raises FY 2014 revenue growth and now expect to be 4 percent or greater.Reported revenue of $128.8 billion in FY 2013.FY 2014 revenue of $132.4 billion - Thomson Reuters I/B/E/S.  Full Article

Volvo Cars and AT&T enter multi-year agreement to connect future models in U.S. and canada
Wednesday, 16 Apr 2014 10:19am EDT 

AT&T Inc and Volvo Cars:Enters into a new multi-year agreement to enable future Volvo vehicles in the U.S. and Canada with high speed wireless connectivity.AT&T is scheduled to power Volvo's US 2015 model year connected car solution with Sensus Connect, an embedded infotainment service.Volvo plans to enable cars with AT&T on-board for sale this summer.  Full Article

TelePacific Communications signs multiple commercial IP migration agreements with AT&T Inc
Thursday, 10 Apr 2014 11:00am EDT 

TelePacific Communications and AT&T Inc:Negotiates multiple agreements that enable TelePacific to accelerate migration to IP-based services such as Ethernet data and IP voice.These groundbreaking agreements allow for smooth migration to IP-based services while legacy TDM services remain available.  Full Article

Hilti strikes agreement with AT&T for private global network to speed transactions in stores
Monday, 31 Mar 2014 10:00am EDT 

Hilti:Signs agreement with AT&T for IP-based virtual private network (VPN).Service will help Hilti's retail store employees around world ring up customer purchases faster than ever before.  Full Article

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AT&T says fiber spending pause affects only new commitments

WASHINGTON - AT&T Inc sought to clarify to U.S. regulators its plans to pause investments in high-speed Internet connections until "net neutrality" rules are settled, saying in a letter on Wednesday that the plans related to new and not existing commitments.

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