India Shares Investment Blog » ATT

AT&T posts $6.7 billion Q4 loss largely due to failure of T-Mobile deal

Pankaj Lakhotia — Fri, 27 Jan 2012 08:05:01 +0000

In comparison to a $1.09 billion profit in the fourth quarter a year back, AT&T has posted a mammoth $6.7 billion fourth-quarter loss this time round, largely due to the breakup fees resulting from the failure of its proposed T-Mobile acquisition.

While the analysts had expected AT&T to report a fourth-quarter profit of 43 cents per share during the quarter, the company's profit - after discounting the charges that it had to undertake because of the $4 billion breakup fee - stood at 42 cents per share. The profit for the same quarter a year earlier was 55 cents per share.

AT&T seeks FCC’s approval for spectrum transfer to T-Mobile

Sarika Valecha — Wed, 25 Jan 2012 08:11:13 +0000

In a formal request to the US Federal Communications Commission (FCC), AT&T and T-Mobile have sought the commission approval for the transfer of $1 billion in wireless spectrum which AT&T had promised to T-Mobile in case the proposed move to merge the two carriers failed to materialize.

FCC approves AT&T’s 4G spectrum purchase from Qualcomm

Pankaj Lakhotia — Fri, 23 Dec 2011 08:05:29 +0000

Within days of its failed T-Mobile merger, AT&T has received the Federal Communications Commission (FCC)'s approval for its $1.92-billion purchase of 700MHz spectrum from Qualcomm --- a move which will help AT&T expand its 4G LTE network.

The 4G spectrum license which AT&T is acquiring was earlier used by Qualcomm for the FLO TV service which has been discontinued.

AT&T ranks lowest on consumer satisfaction; still manages to retain customers

Sarika Valecha — Wed, 21 Dec 2011 08:13:59 +0000

The most recent wireless carrier ratings by Consumer Reports (CR) have revealed that AT&T has, for the second consecutive year, been placed right at the bottom, in terms of customer satisfaction.

Despite the fact that AT&T’s somewhat blemished reputation makes it rather unsurprising that AT&T has ranked at the last place in CR ratings, the key reason for the carrier faring badly on the customer satisfaction front is that the widely increased use of smartphones has led to network congestion problems.

AT&T blasts FCC staff report; says it underscores the agency’s “utter absence of balance”

Sarika Valecha — Fri, 02 Dec 2011 07:43:07 +0000

In its notably strong reaction to the 109-page staff report that Federal Communications Commission (FCC) had released on Tuesday, AT&T said that the report - which it feels should not have been released in the first place - is clearly "one-sided."