CNBC's Deirdre Bosa reports on the trend of telecom companies moving into the content space in the wake of the AT&T-Time Warner deal announcement.
Randall Stephenson tells CNBC the over-the-top video service starts next month with a "radically lower" price point.
CEOs, lobbyists, and investors are kidding themselves if they think Washington will approve the AT&T/Time Warner merger, says Jake Novak.
As a Time Warner shareholder, Mario Gabelli tells CNBC the $85 billion agreement with AT&T is an interesting exit. He said he's OK with it.
Oct 24- T-Mobile US Inc, the No. 3 U.S. wireless carrier, reported a 17.8 percent rise in quarterly revenue as promotions helped attract more subscribers. The company's net income rose to $366 million, or 42 cents per share, in the third quarter ended Sept. 30 from $138 million, or 15 cents per share, a year earlier. Total revenue rose to $9.2 billion, the company said on...
BELLEVUE, Wash. _ T-Mobile US Inc. on Monday reported third-quarter profit of $366 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Ten analysts surveyed by Zacks expected $9.44 billion.
Peel Hunt Media Analyst Alex de Groote says tie-ups between telecoms and media companies could be the future, when weighing in on the AT&T deal with Time Warner.
Large deals tend to get politicized and regulatory approval will be difficult to win, says Wunderlich Securities' Matthew Harrigan.
Regulators will approve the deal because it's a vertical, not horizontal, merger, suggesting prices won't rise, says Albert Fried and Company's Sachin Shah.
Traditional large businesses need alternative, digital strategies in this environment, says Aviva Asia & Friends Provident International's Chris Wei.
With a company as large as AT&T, there will be plenty of regulatory scrutiny and conditions for a Time Warner deal, says Jennifer Fritzche, MD at Wells Fargo Securities.
More consolidation in the media space will occur as wireless companies like AT&T acknowledge the importance of content, says Destination WM's Michael Yoshikami.
AT&T has reached a deal to acquire Time Warner for more than $85 billion.
The deal could be "well north" of $90 a share, sources say.
World's biggest maker of mobile network equipment said it would introduce further cost-cutting to deal with a weaker mobile broadband market.
*AmEx set for best day in 7 years on results, forecast. *Verizon, Travelers fall on weak reports. Oct 20- Wall Street recovered sharply to trade flat on Thursday as a rally in American Express and health stocks helped counter a drop in Verizon and technology stocks.
JOHANNESBURG, Oct 20- South African telecom companies MTN Group and Telkom said on Thursday they opposed a government plan to force operators to give up their broadband spectrum and share a national network. MTN, which dominates South Africa's mobile phone market with Vodacom, said that while it agreed with the objective of giving more of the population access...
*Oil prices fall 2.4 pct, hits energy stocks. *Verizon, Travelers fall on weak reports. Oct 20- U.S. stocks fell sharply on Thursday as weak earnings from index heavyweights such as Verizon dented optimism about the earnings season and as a drop in oil prices weighed on energy stocks.
Did Samsung handle its exploding Galaxy disaster well? Here's what one crisis-management expert had to say.
*Oil prices fall 2 pct on profit taking. *Verizon, Travelers fall on dour reports. Oct 20- U.S. stocks were little changed on Thursday morning as weak earnings reports from index heavyweights Verizon and Travelers were offset by AmEx's strong showing.