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America Movil rethinks asset sale as AT&T enters market
2015-04-28 02:00:00| Total Telecom industry news
Mexican operator still keen to reduce its market share, but is no longer interested in selling infrastructure or spectrum, CEO says.
AT&T delays on highway
2015-04-26 17:02:46| Telecom - Topix.net
AUSTIN >> State transportation officials say one the nation's largest telephone companies has put scores of Texas highway projects on hold. Telecommunications giant AT&T has been so slow to move its infrastructure in the face of road construction that it's forced the Texas Department of Transportation to pay contractors more than $21 million in penalties over the past three years, according to TxDOT figures obtained by the El Paso Times.
AT&T sells $17.5bn in bonds to fund DirecTV buy
2015-04-24 02:00:00| Total Telecom industry news
U.S. telco raises target for synergies generated by planned takeover of satellite TV provider; turns in solid Q1.
AT&T Q1 profits fall on acquisition costs, flat revenues
2015-04-23 07:38:00| Telecompaper Headlines
(Telecompaper) AT&T reported nearly flat revenues for the first quarter, due to tough competition in the mobile market and the sale of some of its wireline activities. Revenues were up just 0.3 percent year-on-year to USD 32.6 billion. If the divested Connecticut wireline properties are excluded, revenues rose 1.2 percent. Operating profit fell to USD 5.5 billion from USD 6.3 billion a year ago, hurt by a rise in costs for reducing staff and merger and integration expenses. Net profit dropped to USD 3.2 billion or USD 0.61 per diluted share, compared to USD 3.7 billion or USD 0.70 per share in the year-ago quarter. This includes 3 cents a share for voluntary employee separations, 4 cents for merger and integration expenses and a 5-cent gain from a tax item. After capital expenditures of USD 4.0 billion, free cash flow totaled USD 2.8 billion. AT&T said it was on track to meet its full-year guidance and close the acquisition of DirecTV in the second quarter. The company also increased the expected cost synergies from the acquisition to USD 2.5 billion per year, compared to an estimate of USD 1.6 billion when the deal was announced last year.
AT&T U-Verse TV adds 50,000 subscribers in 1Q 2015
2015-04-23 00:00:56| Digital TV News
AT&T (NYSE:T) has reported results for the first-quarter of 2015. U-verse TV added 50,000 subscribers in the first quarter. More than 97 percent of AT&Ts video customers subscribe to bundled services.
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