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Fly News Breaks for February 12, 2020
VZ, TMUS, NFLX, CMCSA, T, CHTR, DISH, S, ATUS, CMCSK
Feb 12, 2020 | 07:22 EDT
Credit Suisse analyst Douglas Mitchelson sees a T-Mobile (TMUS) merger with Sprint (S) as negative for AT&T (T) and Verizon (VZ) as Sprint and Dish (DISH) are meaningfully less likely to be sources of spectrum in the future, leaving AT&T and Verizon predominantly reliant on spectrum auctions for more mid-band spectrum to fuel their 5G ambitions. Additionally, he believes it will be positive for Dish given the buildout extensions in the DOJ settlement that give Dish breathing room to pursue financing and wholesale capacity purchasers, and positive for Altice USA (ATUS) as investors consider DOJ and District Court willingness to support communications consolidation, as well as the clarity the DOJ consent decree brings, with Altice's prior Sprint MVNO relationship extended to 7 years post close. Mitchelson also sees the merger as neutral-to-positive for Comcast (CMCSA) and Charter (CHTR), and unclear for Media, with New T-Mobile's future video streaming bundling not yet indicated versus the historical T-Mobile bundling with Netflix (NFLX) and Sprint bundling with Hulu.
News For TMUS;S;T;VZ;DISH;CMCSA;CMCSK;CHTR;NFLX;ATUS From the Last 2 Days
VZ
Jun 4, 2020 | 08:35 EDT
The Board of Directors at Verizon Communications declared a quarterly dividend of 61.5c per outstanding share, unchanged from the previous three quarters. The quarterly dividend is payable on August 3, 2020, to Verizon shareholders of record at the close of business on July 10, 2020.