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AT&T To Add New Directors, Weigh Asset Sales In Truce With Elliott Management
Monday, October 28, 2019 - 9:23am | 505AT&T Inc. (NYSE: T) is ready to bargain with an activist hedge fund demanding improvements. In response to Elliott Management’s September letter, management announced Monday it will embrace a more disciplined acquisition strategy and review its portfolio to identify potential asset sales...
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One Media Expert's Take On Why Plepler Quit HBO
Friday, March 1, 2019 - 12:08pm | 417AT&T Inc. (NYSE: T) CEO Randall Stephenson publicly praised HBO executive Richard Plepler on many occasions after buying the media property, but now the HBO executive is calling it quits after 27 years. The sudden move had CNBC's Andrew Sorkin asking New York Times media reporter and...
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AT&T, Time Warner CEOs Discuss Merger, Why Talks With Apple Failed
Monday, October 24, 2016 - 12:58pm | 472Should Walt Disney Co (NYSE: DIS) be worried about AT&T Inc. (NYSE: T)'s mega-merger with Time Warner Inc (NYSE: TWX)? Speaking as a guest on CNBC's "Squawk Box," AT&T's CEO Randall Stephenson said that when the opportunity presents itself, he will tell Disney's CEO Bob Iger that the...
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AT&T Is Paying Top Dollar For Time Warner And Has Zero Room For Error
Monday, October 24, 2016 - 12:39pm | 463AT&T Inc.'s (NYSE: T) core business is bleeding market share as rivals T-Mobile US Inc (NASDAQ: TMUS) and Sprint Corp (NYSE: S) are offering superior unlimited data packages to clients. Meanwhile, AT&T is succeeding in bringing in video customers through its DirecTV segment, which...
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The Dinner Party That Led To The Merger Of AT&T And Time Warner
Monday, October 24, 2016 - 8:18am | 462Peter Chernin, a notable media, entertainment and technology investor, along with AT&T Inc. (NYSE: T)'s CEO Randall Stephenson were both guests at a dinner party hosted by Glenn Hutchins, a member of AT&T's board and co-founder of private equity firm Silver Lake. The...
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AT&T CEO: Liability Protection In Light Of Cyber Hacks, 'Issue Of National Security'
Friday, February 13, 2015 - 4:19pm | 408With the recent hack attacks on major corporations, cybersecurity isn’t being taken lightly, neither by companies nor by the government. Just this week, the Obama administration created a new agency to exclusively deal with the issue. Randall Stephenson, chairman and CEO at AT&T Inc...
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AT&T And DirecTV Merger Is 'Bad For All Consumers'
Tuesday, May 20, 2014 - 10:30am | 613AT&T (NYSE: T) plans to purchase DirecTV (NASDAQ: DTV) for $48.5 billion. In a press release, both companies brag that it will create a "content distribution leader" across mobile, video and broadband. AT&T Chairman and CEO Randall Stephenson referred to the merger as a "unique...
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AT&T Down 1% After Q4 Earnings Beat
Tuesday, January 28, 2014 - 5:30pm | 350AT&T (NYSE: T) is down more than one percent after the company reported its fourth quarter results. The telecommunications giant reported a Q4 EPS of $0.53 versus the Street estimate of $0.50. Earnings per share were up 20 percent from the year-ago period. Revenue arrived at $33.2 billion...
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AT&T CEO Says Smartphone Subsidies Must End
Thursday, December 12, 2013 - 9:52am | 588AT&T(NYSE: T) CEO Randall Stephenson at an investor conference in New York Tuesday said wireless operators could no longer afford to subsidize the cost of constant smartphone upgrades for customers. Noting that smartphone penetration was more than 75 percent and would soon reach 90 percent...
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AT&T Rises Slightly After Q3 Results
Wednesday, October 23, 2013 - 4:25pm | 308AT&T's (NYSE: T) third-quarter results have not inspired much investor activity Wednesday afternoon. The company is currently up less than one percent in after hours trading. This jump came after closing up 0.14 percent this afternoon, adding $0.05 to shares of AT&T. AT&T's Q3 EPS...
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T-Mobile's 'No Contract' Option Getting the Attention of Verizon and AT&T
Tuesday, April 9, 2013 - 7:23am | 571When Benzinga posted this article about T-Mobile announcing plans to get rid of contracts while still making smartphones affordable, the news was seen by many as unimportant. Everything is big in the cell phone business and when you’re number four behind goliaths like Verizon (NYSE: VZ), AT...
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These Are the 100 Highest-Paid CEOs in Business Today
Monday, April 8, 2013 - 4:30pm | 2706The New York Times has published a list of the 100 highest-paid CEOS at U.S. public companies in 2012. Oracle (NASDAQ: ORCL) chief executive Larry Ellison is far and away the highest paid CEO on the list, as his $96.2 million in 2012 compensation dwarfs every other member on the list. The top ten...
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AT&T Lowers Smartphone Price on Weak Economic Conditions
Monday, July 30, 2012 - 8:31am | 289AT&T (NYSE: T) is expected to slice the price of HTC's One X Smartphone on Monday following poor sales and unstable economic conditions. The regularly $199 priced device will now retail for just $99, contract included. According to DigiTimes, HTC is only expected to ship nine million phones...
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AT&T Could Charge Apple iPhone Users for FaceTime in the Future
Wednesday, July 18, 2012 - 1:33pm | 432The controversy surrounding AT&T's (NYSE: T) desire to add new fees is heating up after rumors spread that the company will charge Apple (NASDAQ: AAPL) iPhone users for 3G FaceTime access. The official word from AT&T CEO Randall Stephenson is that it is "too early" to reveal that...