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Fly News Breaks for October 16, 2019
Oct 16, 2019 | 08:32 EDT
As previously reported, Bernstein analyst Peter Supino initiated coverage of Verizon (VZ) with a Market Perform rating and $63 price target. The analyst notes that Verizon is the mobile industry leader with an "exciting" network vision and upside to its dividend payout ratio. However, he believes the networks of AT&T (T) and T-Mobile (TMUS) are increasingly competitive and he has longer-term concerns about an intensification of MVNO-competition. With strong near-term mix tends, long-term potential for new revenues from 5GHome and Enterprise, the risk-reward seems balanced, he contends.
News For VZ;T;TMUS From the Last 2 Days
Feb 28, 2020 | 14:04 EST
The Federal Communications Commission announced that it has proposed fines against the nation's four largest wireless carriers for apparently selling access to their customers' location information without taking reasonable measures to protect against unauthorized access to that information. As a result, T-Mobile (TMUS) faces a proposed fine of more than $91M; AT&T (T) faces a proposed fine of more than $57M; Verizon (VZ) faces a proposed fine of more than $48M; and Sprint (S) faces a proposed fine of more than $12M. The FCC also "admonished these carriers for apparently disclosing their customers' location information, without their authorization, to a third party," the FCC notice stated. Reference Link
Feb 28, 2020 | 12:08 EDT
Welcome to "Box Office Battle," The Fly's weekly preview projecting what the top films will be at the box office this weekend. OPENING THIS WEEKEND:... To see the rest of the story go to See Story Here
Feb 27, 2020 | 09:45 EST
Intelsat (I) is unlikely to be able to prevent the Federal Communications Commission from modifying its spectrum licenses, but the company may be able to delay the clearing of wireless spectrum the government wants to use for 5G "for years," a source familiar with the matter and two sector attorneys told Dealreporter, according to contacts. One of the attorneys said Verizon (VZ) is "starved for spectrum" and could be uniquely damaged by delays, setting up a potential "game of chicken" between Intelsat and the FCC, Dealreporter stated, according to Fly contacts. Intelsat could look to negotiate further acceleration payments with Verizon, said a source, the report added.