ADVFN - Advanced Financial Network.
HOME» NYSE » A » T Stock Price » T Stock News

Att Share News

 At&t Stock Price
T Stock Price
 At&t Stock Chart
T Stock Chart
 At&t Stock News
T Stock News
 At&t Company Information
T Company Information
 At&t Stock Trades
T Stock Trades

Sprint CEO Hesse Says Company Will Wait To Consider Mergers

--CEO thinks regulators would be willing to consider wireless industry mergers --Sprint is focused on $5 billion network upgrade project --CEO would consider a takeover opportunity if the timing was right By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- For Sprint Nextel Corp. (S), now isn't the time for a merger. "Clearly, the time is not ideal based upon where our shares are currently trading," said Chief Executive Dan Hesse on a conference call with analysts on Wednesday. Still, Hesse said he thought regulators would be willing to consider wireless industry mergers, despite blocking the $39 billion tie-up last year of AT&T Inc. (T) and T-Mobile USA. In February, Sprint nearly approved a deal to buy pay-as-you-go rival MetroPCS Communications Inc., and last year it considered buying Deutsche Telekom AG's (DTE) T-Mobile, according to people familiar with those discussions. Like its competitors, Sprint is seeking access to more of the wireless airwaves, or spectrum, that fuel customer and revenue growth. The Overland Park, Kan.-based carrier is focused on its ongoing $5 billion network upgrade project, Hesse said. Ideally, Sprint would concentrate on the project through next year, then "let's talk about consolidation in 2014 when we have this behind us," he said, noting that he hoped the carrier's stock price would improve relative to its competitors. At the annual shareholder meeting on Tuesday, Sprint Chairman James Hance said Sprint's share price was a disappointment. "Your frustrations are keenly felt," he said. Sprint shares fell 45% last year, though they rebounded 5.5% in 2012 prior to Wednesday. Shares traded one cent lower, or 0.4%, at $2.46 early Wednesday afternoon. Nonetheless, Hesse said he'd consider a takeover opportunity if the timing was right. "Sometimes something might happen where you might see synergies decrease substantially if you didn't move," he said. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stock News for Att (T)
DateTimeHeadline
03/28/201515:47:03What's the Big Deal With T-Mobile USA's "Business Un-Carrier...
03/28/201515:42:14AT&T's Return On Equity Suffered This Past Quarter Due To Decreasing...
03/28/201511:41:02Verizon, AT&T, T-Mobile or Sprint: Can You Guess Which is America's...
03/28/201510:41:01How to Get HDTV Channels For Free
03/28/201510:15:00AT&T to help Promote Digital literacy initiative
03/28/201502:11:30Dividend Achievers Top 20 Hits The Mark, Again
03/27/201520:58:58AT&T Mobility chief: No worries if Sprint, T-Mobile unite
03/27/201514:09:00AT&T Declares Quarterly Dividend
03/27/201507:08:00Recent Buy - AT&T Inc.
03/26/201521:51:35New Services Cloud AT&T's Bet on Pay TV
03/26/201521:29:05Building A Better (Balanced) Dividend Growth Portfolio
03/26/201510:08:00Pre-Order The Samsung Galaxy S® 6 And Galaxy S® 6 edge From A...
03/26/201510:00:00AT&T Invests More Than $725 Million Over Three-Year Period To...
03/26/201510:00:00AT&T Invests More Than $175 Million Over Three-Year Period To...
03/26/201510:00:00AT&T Invests Nearly $80 Million Over Three-Year Period To Enhance...
03/26/201510:00:00AT&T Invests Nearly $70 Million Over Three-Year Period To Enhance...
03/26/201510:00:00AT&T Invests Nearly $100 Million Over Three-year Period To Enhance...
03/26/201509:30:00New AT&T Wi-Fi Solution Connects Businesses and their Customers
03/26/201509:00:00593 AT&T California Employees Received The President's Volunteer...
03/26/201508:30:00Pre-Order The Samsung Galaxy S® 6 And Galaxy S® 6 edge From A...

Att and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad