75.87 0.00 (0.00%)
After hours: 4:00PM EST
|Bid||75.87 x 1400|
|Ask||75.88 x 800|
|Day's Range||75.30 - 77.90|
|52 Week Range||59.96 - 85.22|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||19.50|
|Earnings Date||Feb. 5, 2020 - Feb. 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||89.00|
After months of statements, the biggest challenge yet to T-Mobile and Sprint’s proposed merger kicks off today in a Manhattan court. “Today we stand on the side of meaningful competition and affordable options for consumers,” California Attorney General Xavier Becerra said in a statement provided to TechCrunch. T-Mobile and Sprint, on the other hand, have argued that it will do the opposite, suggesting that the companies’ pooled powers would better equip them to take on Verizon and AT&T in the rush to 5G.
Witness testimony began Monday over an effort by U.S. state attorneys general to stop T-Mobile US Inc from buying Sprint Corp , in a case that highlights disagreements between federal antitrust enforcers, who are Republican, and Democrats in powerful states. Attorneys for the 13 states and the District of Columbia, led by New York and California, are seeking to prove in Manhattan federal court that a plan to combine the No. 3 and No. 4 wireless carriers would push up prices, particularly for users of prepaid plans. The state officials, all Democrats, asked Judge Victor Marrero to order the companies to abandon the deal.
History was made at the T-Mobile (NASDAQ: TMUS) store in Lititz, PA, where the Kotzatoski family picked up the first 5G smartphones that work nationwide. With the launch of these 5G-capable superphones, the transformative wireless technology becomes a reality today for the 200 million people in 5,000+ cities and towns from Maine to Florida to California to Hawaii, more than 1 million square miles in total.
Leveraging 5G Ultra Wideband network, Verizon (VZ) partners with Sony to promote next-gen live sports viewing experience with excellent wireless connectivity, low-latency and high-definition video.
T-Mobile and the T-Mobile Foundation today announced the winners of the 2019 T-Mobile Changemaker Challenge, the Un-carrier’s nationwide contest that is mobilizing the next generation of young visionaries. For the second consecutive year, T-Mobile, the T-Mobile Foundation, and Ashoka, the world’s largest network of social entrepreneurs, put out a call to youth aged 13 to 23 from the U.S., asking them to submit BIG ideas aimed at changing their communities for good. They received an amazing 428 entries — a 32% increase over last year’s total submissions — which were then narrowed down to the 30 winning teams in three categories, Technology, the Environment and Education. From each category, one team was selected as the category winner.
(Bloomberg Opinion) -- The merger floodgates broke open five years ago, and now U.S. Senator Elizabeth Warren wants to close the hatch. Her proposed bill to substantially restrict big corporate tie-ups is more a presidential campaign statement than viable legislation — and it certainly won’t score her any more points with the Wall Street crowd — but she is calling attention to the maniacal pace of dealmaking in corporate America and the need to modernize antitrust laws that have permitted some recent problematic transactions.More than $7 trillion of takeovers of U.S. companies have been announced since this day in 2014 — 52,694 companies to be exact.(1) That compares with just $4.4 trillion of deals in the previous five-year period. The transactions grew over time as balance sheets flush with cash and income statements desperate for growth created a perfect storm, which more often than not was stoked by pliable regulators. The Walt Disney Co. acquired 21st Century Fox Inc.; Charter Communications Inc. bought Time Warner Cable Inc.; CVS Health Corp. took over Aetna Inc.; Marriott International Inc. merged with Starwood Hotels & Resorts Worldwide Inc.; and T-Mobile US Inc. is trying to buy Sprint Corp. Those are just some of the more recognizable names. Warren, one of the top-polling candidates heading into the Democratic primaries, wants to ban deals in which one company has annual revenue of more than $40 billion, or both businesses generate more than $15 billion in sales, according to a draft of the bill reviewed by Bloomberg News. (A notable exception would be companies facing insolvency.) That could effectively prevent every top airline, insurer, manufacturer, oil producer, retailer, technology platform and other conglomerates — perhaps even Warren Buffett’s M&A vehicle, Berkshire Hathaway Inc. — from making any acquisitions. It would sound the M&A death knell. The idea, however, is unlikely to gain broad support among lawmakers.Even so, it’s hard not to notice the rising drumbeat of politicians concerned about overreach by corporate giants, particularly those in the tech field. Senator Amy Klobuchar, another Democratic presidential candidate, plans to introduce separate antitrust legislation soon, Bloomberg News reported, citing a person familiar with the matter. (Michael Bloomberg, the founder and majority owner of Bloomberg LP, the parent of Bloomberg News and Bloomberg Opinion, is also campaigning for president.)For the Trump administration’s part, the U.S. Justice Department is already investigating whether tech giants — namely Apple Inc., Amazon.com Inc., Facebook Inc. and Google — are using their unchecked power to engage in harmful business practices. But as I wrote in July, if regulators are so concerned about protecting consumers from tech overreach, their glowing endorsement of T-Mobile’s takeover of Sprint is a funny way of showing it; it will shrink the U.S. wireless market from four to three major carriers and remove a company that’s helped to keep customer prices in check.Antitrust regulation under President Donald Trump has at times created questionable optics. Makan Delrahim, the Justice Department’s top antitrust enforcer, seemed to switch his stance on AT&T Inc.’s takeover of Time Warner Inc. as Trump railed against the deal. Time Warner was the parent of CNN, which Trump views as his personal nemesis. (I’ve argued that whatever the case, scrutiny of the megamerger was warranted considering the broad market power it gave to AT&T as media companies without such scale struggle to compete.) By comparison, Disney and Fox, which was controlled by Trump pal Rupert Murdoch, closed their megadeal with few regulatory hiccups. Warren has criticized other giant deals, such as the merger of SunTrust Banks Inc. and BB&T Corp. and the combination of seed makers Bayer AG and Monsanto Co. Given that they aren’t household names, though, most Americans are unfazed by or unaware of such deals, even though they may feel the effects later. Her bill would direct the government to take into account not just whether a merger will lead to higher prices but also what the impact might be on workers, privacy and industry innovation. To justify the cost of buying another large company, dealmakers tend to come up with ambitious estimates of synergies, a euphemism for layoffs. It’s clear that the meaning of “harm” needs to be expanded in the antitrust sense, and laws need to take a more holistic view of the potential consequences of M&A as the lines between industries continue to blur. The Big Tech factor also needs to be weighed, as some deals are being done in part to respond to companies like Amazon that are spreading their tentacles into new areas. On Wednesday, TV-network operators CBS Corp. and Viacom Inc. completed their own merger, a bid to cut costs and create more scale to compete against a new roster of even more powerful media giants: Amazon, Apple, AT&T and Disney. Even then, ViacomCBS Inc., as the merged entity is now called, may not be big enough, and so it may be only a matter of time before it gets swallowed. Warren’s overly broad proposal likely isn’t the answer. But Democrats do seem ready to at least try to rein in a market that’s gotten out of hand. For dealmakers, this may be last call at the M&A party.(1) Data compiled by Bloomberg as of Thursday morning. Excludes terminated deals.To contact the author of this story: Tara Lachapelle at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
While T-Mobile (TMUS) launches nationwide 5G network, Verizon (VZ) collaborates with Amazon's cloud computing arm, Amazon Web Services, for 5G edge computing.
The bills — which contained names, addresses and phone numbers, and many included call histories — were collected as part of an offer to allow cell subscribers to switch to Sprint, according to Sprint-branded documents found on the server. The documents explained how the cell giant would pay for the subscriber's early termination fee to break their current cell service contract, a common sales tactic used by cell providers. In some cases we found other sensitive documents, such as a bank statement, and a screenshot of a web page that had subscribers' online usernames, passwords and account PINs — which in combination could allow access to a customer's account.
Verizon (VZ) collaborates with Amazon Web Services to create an enhanced cloud computing technology for enterprise customers by deploying ultra-low latency applications at the edge of the 5G network.
The move is the latest in a string of concerted efforts by the U.S. government to dissuade other sovereign countries from using Huawei and ZTE gear to preempt alleged spying and siphoning of data.
T-Mobile (TMUS) hits a significant milestone by becoming the first telecom carrier to deploy nationwide 600 MHz 5G coverage across the United States.
T-Mobile lights up the first nationwide 5G network, first nationwide prepaid 5G with Metro by T-Mobile and first 5G devices that work nationwide, ushering in a new era of 5G accessibility and affordability in first step toward 5G for All with New T-Mobile. This holiday season, get a FREE 5G phone when you switch to T-Mobile. What’s the news: America gets its first nationwide 5G network today, covering more than 200 million people and more than 1 million square miles, marking a critical first step and foundation for the New T-Mobile.
T-Mobile (TMUS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
This Giving Tuesday, December 3, and throughout the holiday season, T-Mobile is serving up multiple ways for customers, employees and fans to give up to 5 million meals to communities in need. It’s a big goal, and to get there the Un-carrier is continuing its longstanding partnership with Feeding America, the country’s largest hunger-relief organization, as well as activating its T-Mobile Tuesdays app, social media channels and Team Magenta members across the country so everyone has the opportunity to do their GivingOnUs.
Texas' attorney general settled with T-Mobile Inc and Sprint Corp and will drop his opposition to the $26.5 billion merger, leaving just Democratic attorneys general fighting the proposed combination. Texas Attorney General Ken Paxton had been the only Republican among the state attorneys general who had argued that the deal to combine the No. 3 and No. 4 wireless carriers would lead to higher prices and filed a lawsuit to stop it. Also on Monday, Nevada said it would withdraw from the lawsuit in exchange for early deployment of the next generation of wireless in the state, creation of 450 jobs for six years and a $30 million donation to be distributed by Nevada Attorney General Aaron Ford and aimed at helping women and minorities, Ford's office said.
The turn of events offers a golden opportunity to other telecom equipment firms to fill the void and strengthen their position in the market, thereby augmenting top-line growth.
(Bloomberg) -- T-Mobile US Inc. said Friday that a hacker gained access to limited information contained in prepaid accounts.The hack, which was discovered in early November, affected less than 1.5% of T-Mobile customers and was quickly shut down by the carrier’s cybersecurity team, according to company statements. No financial data such as credit card information or Social Security numbers were included in the hack, and no passwords were compromised, the company said.The information that was accessed included names, billing addresses, phone numbers and account numbers, according to a notification sent to customers.T-Mobile said it was nearly done notifying customers affected by the breach. The company said it reported the “malicious, unauthorized access” to authorities.To contact the reporter on this story: Andrew Martin in New York at email@example.comTo contact the editors responsible for this story: Tom Giles at firstname.lastname@example.org, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Omni is likely to enable Sprint (S) to either bundle Omni with other compatible products and services or offer it as a standalone service to medium and small-sized businesses.
NEW YORK/WASHINGTON, Nov 21 (Reuters) - A federal judge on Thursday rejected a U.S. government effort to disqualify a lawyer arguing for 15 states and the District of Columbia in their effort to block T-Mobile US Inc's planned $26.5 billion takeover of Sprint Corp. U.S. Magistrate Judge Robert Lehrburger said the Department of Justice waited too long to intervene in the case to try to disqualify Glenn Pomerantz, who had represented the department in 2011 when it stopped AT&T's purchase of T-Mobile, and his law firm Munger, Tolles & Olson. Lehrburger ruled at a hearing in Manhattan federal court, less than three weeks before a scheduled Dec. 9 trial to determine whether T-Mobile, the third-largest U.S. wireless carrier, may go forward with its merger with Sprint, the fourth-largest.
Dec.09 -- Robert McDowell, former FCC commissioner and a partner at Cooley, discusses what’s at stake for T-Mobile US Inc. and Sprint Corp. as the companies head to court this week against a group of states seeking to block a $26.5 billion deal between the companies. He speaks on "Bloomberg Markets."
T-Mobile and Sprint headed to court on Monday to defend a merger some consider too big. The telecom companies will try to convince a judge that the state attorneys general suing to stop T-Mobile from buying Sprint - are wrong. Attorneys for 13 states and the District of Columbia will argue in Manhattan federal court that combining the number 3 and 4 wireless carriers would drive up phone bills, especially for those with pre-paid plans. While the companies argue that a bigger T-Mobile - which would result from a $26 billion deal - would be better suited to innovate and compete to push down prices. The battle to merge started in 2014 during the Obama administration but officials at the Justice Department and Federal Communications Commission urged the companies to drop the idea, which they did. Fast forward to 2019 - the Trump administration signed off on the planned merger after the companies agreed to sell Boost Mobile - owned by Sprint - to Dish. If the deal is approved, the merger would leave just three nationwide wireless carriers: Verizon, AT&T and the new T-Mobile.