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
07/27/201510:43:00AT&T, NYU Announce Winners Of $100,000 Connect Ability Tech Challenge...
07/24/201518:27:12Signet Jewelers to Join S&P 500
07/24/201518:10:00Signet Jewelers Set to Join the S&P 500; PAREXEL International...
07/24/201517:13:18Securities Registration: Employee Benefit Plan (s-8)
07/24/201517:05:05Current Report Filing (8-k)
07/24/201516:20:21AT&T Closes DirecTV Buy
07/24/201516:12:35AT&T Closes $49 Billion DirecTV Acquisition
07/24/201515:09:00AT&T Completes Acquisition of DIRECTV
07/24/201509:00:00Upcoming Investments for Market Expansion in Mexico- Report on...
07/23/201520:27:13Why AT&T Chief Randall Stephenson Needs a Slam Dunk
07/23/201520:05:34Why AT&T's Chief Needs A Slam Dunk
07/23/201517:08:23AT&T Profit Tops Views, but Mainstream Subscriber Growth Slows...
07/23/201516:50:03AT&T Profit Tops Views, but Mainstream Subscriber Growth Slows
07/23/201516:47:43AT&T Profit Tops Views, but Mainstream Subscriber Growth Slows
07/23/201516:05:45Current Report Filing (8-k)
07/23/201516:02:38Current Report Filing (8-k)
07/23/201516:01:00AT&T Reports Double-Digit Adjusted EPS and Free Cash Flow Growth...
07/23/201509:05:00AT&T Ranks Highest In J.D. Power 2015 Business Wireline Satisfaction...
07/22/201514:48:00Crown Media Family Networks And AT&T U-verse TV To Launch Hallmark...
07/21/201520:50:14FCC Poised to Approve AT&T's Acquisition of DirecTV

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