Key Developments: AT&T Inc (T)

T on New York Consolidated

20 Aug 2014
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Latest Key Developments (Source: Significant Developments)

AT&T And IBM join forces to deliver new innovations for Internet Of Things
Tuesday, 18 Feb 2014 09:00am EST 

AT&T Inc and IBM:Says a new global alliance agreement to develop solutions that help support the Internet of Things.Says the companies will combine their analytic platforms, cloud, and security technologies with privacy in mind to gain more insights on data collected from machines in a variety of industries.Says the new AT&T and IBM alliance will initially focus on creating new solutions targeted for city governments and midsize utilities.Says these organizations intend to integrate and analyze vast quantities of data from assets such as mass transit vehicles, utility meters, and video cameras.Says as a result, cities may be able to better evaluate patterns and trends to improve urban planning and utilities can better manage their equipment to reduce costs.  Full Article

AT&T Inc gives FY 2014 revenue guidance above analysts' estimates
Tuesday, 28 Jan 2014 04:02pm EST 

AT&T Inc:Says for FY 2014, it expects continued consolidated revenue growth in the 2 to 3 percent range, including strength in wireless service and wireline consumer revenues.The company reported revenue of $128.8 billion in fiscal 2013.FY 2014 revenue of $131.1 billion- Thomson Reuters I/B/E/S.  Full Article

Marathon Patent Group Inc's wholly owned subsidiary CRFD Research, Inc., files patent infringement lawsuits against AT&T, Comcast, DirecTV, Time Warner Cable and several other companies
Friday, 17 Jan 2014 06:51pm EST 

Marathon Patent Group Inc:Says that its wholly owned subsidiary CRFD Research, Inc., has filed patent infringement lawsuits against AT&T, Comcast, DirecTV, Time Warner Cable, Dish Networks, Cox Communications, Level 3 Communications, Akamai Technologies, Cablevision and Limelight Networks.Says CRFD Research has filed ten patent infringement lawsuits in the United States District Court for the District of Delaware.Says CRFD Research is asserting infringement related to U.S. Patent numbers 7,191,233, entitled 'System for automated, mid-session, user-directed, device-to-device session transfer system', and U.S. Patent numbers 7,574,486, entitled 'Web Page Content Translator.Says Mishcon de Reya New York LLP has been retained as litigation counsel.  Full Article

AT&T Inc agrees to acquire AWS Spectrum from Aloha Partners II, L.P.
Tuesday, 7 Jan 2014 09:13am EST 

AT&T Inc:Agrees to acquire 49 Advanced Wireless Services (AWS) spectrum licenses from Aloha Partners II, L.P.Says transaction is subject to regulatory approval. AT&T anticipates closing the transaction in the second half of 2014. Financial terms were not disclosed.  Full Article

Frontier Communications Corp to acquire AT&T Inc's wireline residential and business services and associated assets in connecticut
Tuesday, 17 Dec 2013 07:00am EST 

Frontier Communications Corp:Says has entered into a definitive agreement with AT&T Inc to acquire AT&T's wireline business and statewide fiber network that provides services to residential, commercial and wholesale customers in Connecticut.Says as part of the transaction, Frontier will also acquire AT&T's U-verse video and satellite TV customers in Connecticut.Says Frontier will pay AT&T $2 billion in cash for the business and related assets.Says Frontier expects the transaction to close in the second half of 2014.  Full Article

AT&T Inc and Crown Castle close $4.83 bln tower transaction
Monday, 16 Dec 2013 04:01pm EST 

AT&T Inc:Closes its previously announced transaction to lease rights to about 9,000 of its company-owned wireless towers to Crown Castle International Corp. as well as the sale of about 600 AT&T towers.Receives about $4.83 bln at closing.Says under the terms of the leases, Crown Castle has exclusive rights to lease and operate about 9,000 AT&T towers.Says it will use the proceeds for general corporate purposes, including opportunistic share repurchases and repayment of commercial paper.  Full Article

AT&T Inc increases dividend 2.2 pct
Friday, 13 Dec 2013 01:47pm EST 

AT&T Inc:Approves a 2.2 pct increase in the company`s quarterly dividend to stockholders.Increases the quarterly dividend rate from $0.45 to $0.46 a share on a quarterly basis, or an increase from $1.80 to $1.84 a share on an annualized basis.Says dividend will be payable on Feb. 3, 2014 to common stockholders of record on Jan. 10, 2014.  Full Article

AT&T Inc settles U.S. Probe Of Billings Linked To Nigeria Fraudsters-Reuters
Thursday, 7 Nov 2013 11:56am EST 

Reuters reported that AT&T Inc will pay $3.5 million to settle federal charges that it had overbilled a U.S. government fund meant to help customers with hearing and speech impairments, an activity that officials said enabled people in Nigeria and other countries to pursue credit card fraud. AT&T was not implicated in the frauds. The settlement resolves allegations concerning the Telecommunications Relay Services Fund, which is intended to compensate carriers for the extra costs of placing calls on behalf of people who have difficulty hearing and speaking.  Full Article

Leap Wireless International Inc Announces Stockholder Approval of Proposed Combination with AT&T Inc
Thursday, 31 Oct 2013 06:00am EDT 

Leap Wireless International Inc announced that stockholders at the special meeting voted to approve the proposed merger transaction with AT&T. More than 99% of the votes cast at the special meeting were voted in favor of the proposed merger agreement and over 78% of the votes cast voted in favor of the advisory proposal regarding executive compensation. The transaction remains subject to customary closing conditions, including the review by the Federal Communications Commission and the Department of Justice.  Full Article

Crown Castle International Corp Announces $4.85 Billion Tower Transaction With AT&T Inc
Sunday, 20 Oct 2013 05:00pm EDT 

Crown Castle International Corp announced that it has entered into a definitive agreement pursuant to which Crown Castle will acquire rights to approximately 9,700 AT&T towers for $4.85 billion in cash at closing (subject to certain limited adjustments). Under the definitive agreement, Crown Castle will have the exclusive right to lease and operate the AT&T towers for a weighted average term of approximately 28 years. In addition, Crown Castle will have the option to purchase the towers at the end of the respective lease terms for aggregate option payments of approximately $4.2 billion, which payments, if exercised, would be primarily between 2032 and 2048. The transaction is expected to close in the fourth quarter of 2013. Crown Castle is being advised by Cravath, Swaine & Moore LLP as legal advisor.  Full Article

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