|Bid||74.01 x 800|
|Ask||0.00 x 1800|
|Day's Range||74.45 - 75.50|
|52 Week Range||57.89 - 80.93|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||20.48|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||83.00|
Jun.18 -- Dish Network Corp. is in talks to pay at least $6 billion for assets that T-Mobile US Inc. and Sprint Corp. are unloading to win regulatory approval for their merger, according to people familiar with the matter. Bloomberg's Nabila Ahmen has more on "Bloomberg Markets: The Close."
What’s the news: The Samsung Galaxy S10 5G will be available at the Un-carrier starting June 28, allowing customers to boost T-Mobile’s advanced LTE network with 5G in parts of six city centers. Why it matters: This marks a small step toward 5G for All with the New T-Mobile. T-Mobile (TMUS) is making the Samsung Galaxy S10 5G available to customers starting June 28.
On June 20, AT&T;’s 14-day relative strength index score was 59, which indicates that the company’s stock isn't oversold or overbought. T-Mobile and Sprint’s 14-day RSI scores were 62 and 64, respectively.
Dish Network (DISH) has emerged as a frontrunner in acquiring Boost Mobile and other wireless assets that T-Mobile (TMUS) and Sprint (S) have offered to sell to secure regulatory clearance for their $26 billion merger, according to Reuters.
On June 19, AT&T; (T) had a trailing 12-month EV-to-EBITDA multiple of 6.86x—compared to its peers. T-Mobile (TMUS) and Sprint (S) had trailing 12-month EV-to-EBITDA multiples of 7.93x and 4.94x, respectively.
Analysts have set a mean target price of $33.50 on AT&T; stock, which implies a potential return of 3.4% based on its closing price of $32.41 on June 19.
Earlier today, four more US states sued to block T-Mobile (TMUS) and Sprint’s (S) proposed merger deal on antitrust concerns, which pulled down their stocks. At 2:35 PM ET, T-Mobile stock was down 3.1% for the day, while Sprint stock was down 6.6%.
Four more U.S. states are throwing their weight behind a federal lawsuit aiming to block a mega-merger between T-Mobile and Sprint, respectively the third and fourth-largest wireless carriers.
Four more U.S. states joined an unusual effort by state attorneys general to stop T-Mobile US Inc's acquisition of Sprint Corp, a New York official said at a court hearing on Friday. Hawaii, Massachusetts, Minnesota and Nevada will be included in an amended complaint being filed Friday, said Beau Buffier, chief of the antitrust bureau in the New York attorney general's office. Sprint was down 5.9% percent around midday on Friday while T-Mobile had slipped 2.3%.
Edge computing forms a core focus area for AT&T (T) and marks a positive stride forward in providing faster processing and potentially enhanced security for business applications.
Investment bank Goldman Sachs Group Inc , which is advising T-Mobile, the third largest U.S. wireless carrier, on selling prepaid brand Boost Mobile as part of the company’s concession to gain regulatory approval to buy Sprint Corp, is expected to send out books to prospective buyers in two weeks, one source familiar with the matter said. While satellite television provider Dish Network remains the front-runner to acquire the Boost assets, Goldman has told prospective buyers as late as Tuesday that it is preparing for an upcoming auction of Boost. Another source characterized the process being run by Goldman as moving slowly.
(Bloomberg) -- Some evidence used to charge Huawei Technologies Co. with bank fraud and violating U.S. sanctions on Iran was deemed so sensitive that the Chinese telecom giant’s lawyers must now take unusual steps to review the information -- and even then, the company may never see it.While specific evidence wasn’t disclosed, prosecutors convinced a federal judge that releasing too much would pose a risk to national security and other governmental concerns. The U.S. already had banned the company’s technology and accused Huawei of aiding Beijing in espionage. Last week, the court imposed restrictions on when and how information in the criminal case gets shared, and who can see it.“What underlies all of this is the allegation that there are deep and close connections between Huawei and the Chinese government,” said Ryan Fayhee, a former Justice Department national security lawyer. “That’s why this presents differently than a traditional fraud case.”The Huawei prosecution has forced government lawyers to balance evidence rules and a defendant’s right to a fair trial, while safeguarding intelligence gathering. A similar dilemma has threatened to undermine a case brought by Special Counsel Robert Mueller against 16 individuals and companies in Russia over election meddling, because the government is refusing to disclose some sensitive evidence.For now, the Huawei case is proceeding with disclosures to the company’s American defense lawyers under restrictions set June 10 by U.S. District Judge Ann Donnelly in Brooklyn, New York. On Wednesday, she scheduled a Sept. 4 hearing to decide whether one Huawei lawyer, James M. Cole, should be disqualified because he had access to classified data when he worked as a Deputy Attorney General of the U.S. from 2011 to 2015. Cole, now a partner at Sidley Austin LLP, has said he has no conflict.Criminal ProbeAs the criminal case against Huawei moves forward, the prosecution of its chief financial officer, Meng Wanzhou, remains on hold. She is fighting extradition from Vancouver, Canada, after being arrested at the request of the U.S. last year. She is accused of defrauding banks when she made a presentation to one of its major banking partners and lied about by lying Huawei’s business dealings in Iran, in violation of U.S. sanctions.Prosecutor Alexander Solomon disclosed on Wednesday that the company’s defense lawyers, who have received at least 700,000 pages of evidence turned over by the U.S. in the New York case, want to share some of the information with Meng’s defense team. The U.S. has said that Meng wouldn’t be permitted to see evidence until a separate order is worked out with her lawyers.Meng’s billionaire father, Huawei founder Ren Zhengfei, has rejected the U.S. accusations against the company and his daughter. On Monday, Ren said the U.S. sanctions against Huawei -- one of the world’s largest makers of smartphones and networking equipment -- could reduce revenue by about $30 billion over the next two years, wiping out any growth prospects by withholding critical American technology.The indictment against Huawei and Meng also mentions Ren, a former engineer with the People’s Liberation Army before he founded the telecommunications company. Prosecutors say he lied to FBI agents in 2007 when he “falsely stated” it had no business dealings in Iran. He hasn’t been criminally charged. The same day Meng, Huawei and its U.S. subsidiaries where charged with violating sanctions, prosecutors filed a separate case in Seattle accusing the company with stealing trade secrets from American rival T-Mobile.Under the restrictions imposed by Donnelly, some evidence labeled “sensitive” by the government can’t be distributed beyond Huawei’s legal team, can only be accessed by certain witnesses in the presence of American lawyers, and must remain in the U.S. If there are disputes over evidence handling, a separate group of government lawyers not involved in the prosecution can be consulted or the judge can get involved.David Bitkower, a lawyer for Huawei, declined to comment on the case, as did John Marzulli, a spokesman for Brooklyn U.S. Attorney Richard Donoghue.The rules are even tighter for classified information, and evidence gathered under the Foreign Intelligence Surveillance Act will require a separate process to determine what the defense will be able to view, prosecutors said in a court filing Monday.Unusual RestrictionsDonnelly’s order includes unusual restrictions, even for sanctions cases, legal experts said.Some of the evidence can only be reviewed by defense lawyers who are U.S. citizens, because the information could identify potential witnesses or contains “national security” material, prosecutors say. Those documents must be stored on a computer that isn’t connected to the Internet and can’t be taken or transmitted outside the country or shared with Huawei.If Huawei lawyers want to share sensitive material with anyone outside the U.S., they must notify the government. There are also provisions for allowing foreign nationals to view the evidence in the U.S., including with safe-passage guarantees against arrest. There also are options for reviewing information outside the country, but only in the presence of U.S. defense lawyers.Without such provisions, Huawei could accuse the U.S. of hampering its ability to defend itself, said Henry Mazurek, a partner at law firm Meister Seelig and Fein LLP in New York.Huawei’s close ties to the Chinese government have impacted the willingness of the U.S. to share evidence with the company, but prosecutors are obligated to turn over evidence, said Fayhee, the former federal prosecutor.“The government has the view, as also substantiated by its recent blacklisting, that Huawei is an arm of the Chinese government,” Fayhee said. “The founder of the company served nearly a decade as an engineer with the People’s Liberation Army, and continued connections have been regularly alleged. But that’s what the government signed up for when it decided to bring this case.”The case is U.S. v. Huawei Technologies Co., 18-cr-457, U.S. District Court, Eastern District of New York (Brooklyn).(Updates with Huawei wanting to show Meng evidence in seventh paragraph.)To contact the reporter on this story: Patricia Hurtado in Federal Court in Manhattan at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Steve Stroth, Peter BlumbergFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
What’s the news: T-Mobile’s connected car solution, SyncUP DRIVE, gets new features like real-time tracking when you need roadside assistance, a gas station locator, a new dashboard with all you need to know about your car’s health and more — all at no extra cost. Why it matters: “I love car maintenance!” said nobody, ever. Now, T-Mobile SyncUP DRIVE customers get even more peace of mind with new features that make maintaining their car that much easier.
T-Mobile (TMUS) stock has risen close to 2.5% since the beginning of June. On June 17, T-Mobile closed at $75.27, which was 0.5% higher than its previous closing price.
Southwest Airlines, Dish, CBS, PG&E and Tesla are the companies to watch.
On June 17, T-Mobile (TMUS) stock closed the trading day at $75.27. Based on this figure, the stock was trading 0.8% below its 20-day moving average of $75.89, 1.1% above its 50-day moving average of $74.44, and 3.7% above its 100-day moving average of $72.60.
The latest move facilitates U.S. Cellular (USM) to address the growing demand for data services and create new opportunities for innovative services that require high speed and low latency.
On June 14, T-Mobile’s (TMUS) closing price was $74.90 per share. Based on this closing price, T-Mobile has a market cap of $64.3 billion, the third-largest market cap among all major US mobile operators. The stock is trading 29.4% above its 52-week low of $57.89 per share.
According to the data compiled by Reuters, as of June 14, among the 21 analysts covering T-Mobile (TMUS) stock, 86% have given it “buys,” while 14% have given it “holds.” No analysts have given it “sells.”
It’s part of the bank’s quantitative easing program meant to boost the European economy. Now, the ECB is ready for more. ECB President Mario Draghi said Tuesday that “additional stimulus will be required” unless things improve.
That could beachieved by selling off Boost Mobile and enough spectrum to make a serviceviable, however they needed to find a buyer
Today, Glassdoor named T-Mobile CEO John Legere one of best of the best CEOs in the nation. As part of the 2019 Employees’ Choice Awards, Glassdoor’s Top CEO rankings once again included Legere, who earned the number one spot for wireless CEO for the fifth year in a row AND the number four spot in America! He also claimed the highest spot for Seattle and the State of Washington, home to T-Mobile HQ. The rankings are based on voluntary company reviews that T-Mobile employees post on Glassdoor.