Yahoo Finance Today’s Research Reports on Stocks to Watch: Sprint and AT&T
NEW YORK, NY / ACCESSWIRE / March 20, 2018 / Shares of telecommunications companies AT&T and Sprint both saw losses in Monday trading. AT&T is a part of a trial that could potentially have the government blocking its acquisition of Time Warner. It was also revealed that Sprint is suing WideOpenWest Inc., the company that operates as WOW! In Colorado over voice over packet (VOP) patents.
RDI Initiates Coverage on:
Sprint Corporation
https://rdinvesting.com/news/?ticker=S
AT&T Inc.
https://rdinvesting.com/news/?ticker=T
Sprint Corporation shares closed down 2.05% yesterday on nearly 12.3 million shares traded. There was no remarkable news yesterday but last week it was revealed that the company is suing Colorado's WOW! company over its voice over packet (VOP) patents. The lawsuit is against Denver-based WideOpenWest Inc., which does business as WOW! Internet Cable & Phone and Atlantic Broadband in Massachusetts, and TPG Global LLC, an investment firm based in Fort Worth, Texas. TPG Global owns three cable companies that are also listed in the complaint. Sprint is seeking unspecified amount of damages and a permanent injunction in each case it has filed. It was recently that WideOpenWest announced it would be delaying its fourth quarter and full year 2017 results. The company said it needs time "to allow additional time for our independent auditors to complete their review of the valuation analysis of indefinite lived intangible assets."
Access RDI's Sprint Corporation Research Report at:
https://rdinvesting.com/news/?ticker=S
AT&T Inc. shares closed down 1.14% on Monday with about 19.6 million shares traded. It was yesterday that the company tried to persuade a Judge to throw out evidence that the government seeks to use in a trial that would show that the acquisition of Time Warner would be harmful for consumers as well as competitors. AT&T's attorney Daniel Petrocelli has argued that several exhibits the government plans to use should be rejected because they're either irrelevant or because the person writing them is not a decision maker. One document includes something that DirecTV wrote before AT&T acquired it. The document warns about dangers with higher pricing due to a previous media merger. The Justice Department's Eric Welsh however has defended the decision to present the evidence calling DirecTV "a market participant." The evidence is what the government could use to potentially block a Time Warner merger from happening. Opening arguments in the trial will begin on Wednesday before Judge Richard Leon in Washington.
Access RDI's AT&T Inc. Research Report at:
https://rdinvesting.com/news/?ticker=T
Our Actionable Research on Sprint Corporation (NYSE: S) and AT&T Inc. (NYSE: T) can be downloaded free of charge at Research Driven Investing.
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