|Bid||6.44 x 36200|
|Ask||6.45 x 800|
|Day's range||6.37 - 6.45|
|52-week range||4.81 - 8.55|
|PE ratio (TTM)||3.57|
|Earnings date||23 Oct 2018 - 29 Oct 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||5.78|
Samsung (SSNLF) is stepping up its chase of the global earphones and headphones market—worth billions of dollars—with the release of three new wireless headphones. The three headphones—Y100, Y500, and N700NC—were launched earlier this year, with the Y100 and Y500 being immediately available for purchase in the United States.
T-Mobile (TMUS) has recently teamed up with Apple on a device leasing program that could help it win more business customers. Under the program, businesses that activate at least 25 lines on a T-Mobile network are eligible to lease iPhone or iPad devices over a 24-month period without any deposit. Apple refreshes its iPhone product line every year, but major upgrades are introduced every two years.
AT&T (T) is underway with preparations to launch its mobile 5G (fifth-generation) service in 12 US markets in 2018. Rival Verizon (VZ) is on track to launch its fixed 5G service in four markets next month.
The idea of combining T-Mobile (TMUS) and Sprint (S) into a single, more powerful mobile operator has emerged as an issue for several entities, from labor unions to some telecommunications companies who have come out to oppose the merger proposal. Reasons cited for objecting to a T-Mobile–Sprint merger include fears of job losses and reduced competition in the market that could result in higher prices for wireless consumers.
The FCC (Federal Communications Commission) announced last week that it needed more time to review the possible merger between T-Mobile (TMUS) and Sprint, the third- and fourth-largest carriers in the country. The two companies are looking to merge, as competition in the telecommunications sector has been squeezing their margins.
T-Mobile (TMUS) has been consistently deploying new spectrum, improving its network, and increasing capital spending to lay the groundwork for 5G (fifth generation). For 2018, T-Mobile expects capex of $4.9 billion–$5.3 billion, including spending for 5G deployment. T-Mobile has been working on its network and distribution and is seeing encouraging results, especially in the Greenfield markets.
Verizon (VZ) is ready to keep its promise to start offering 5G (fifth-generation) service in 2018. It recently released details of its 5G rollout schedule and pricing. Verizon 5G Home, the name for the new wireless service, will go live on October 1 in four cities: Sacramento, Los Angeles, Houston, and Indianapolis.
Verizon (VZ) is scheduled to roll out its 5G (fifth-generation) fixed wireless broadband Internet services in October in five markets. Notably, Verizon was the first carrier to launch a 4G (fourth-generation) LTE (Long-Term Evolution) network nationwide six years ago. Verizon has been consistently focusing on improving its network to add more customers by offering various unlimited plans and adding other perks such as free TV streaming.
Verizon Communications (VZ) is about to become the world’s first company to launch commercial 5G (fifth-generation) broadband Internet service on October 1. The service will provide its customers with one of the fastest speeds, thus giving Verizon a competitive edge over its telecommunications rivals. Verizon is giving a free introductory three-month trial of its 5G Internet and TV service to everyone in the launch areas.
Sprint (S) is coming up with new ideas and solutions to better serve its customers and help business enterprises improve their relationship with employees.
Previously in this series, we looked at the latest Wall Street analyst recommendations for Charter Communications (CHTR) stock. The majority of analysts are suggesting a “buy.”
On September 7, 28 analysts actively tracked Charter Communications (CHTR) stock. One analyst rated the stock as a “sell,” 21 rated the stock as a “buy,” and six rated the stock as a “hold.”
Cable provider Altice USA (ATUS) is on track to begin offering wireless services starting in 2019. The Altice wireless service is expected to be anchored on Sprint’s (S) network. Charter Communications (CHTR) and Comcast (CMCSA) have also launched wireless services, and both use the Verizon (VZ) network.
Charter Communications’ (CHTR) closing price on September 7 was $305.19 per share. Based on that closing price, Charter had a market capitalization of ~$71.9 billion. Charter’s highest price in the last 52 weeks stands at $397.39 per share. Its lowest price in the last 52 weeks was $250.10 per share.
Dish Network (DISH) has reservations about T-Mobile (TMUS) and Sprint (S) merging. The company has written to US regulators reviewing the T-Mobile–Sprint merger proposal to block the two wireless providers from combining, according to a Reuters report citing government filings. Dish argues that T-Mobile and Sprint have exaggerated their arguments for a need to combine and that a merger of the two would result in higher prices for wireless consumers.
Juniper Networks (JNPR) is leveraging its longtime relationship with Ericsson (ERIC) to try to capture a larger portion of the billions of dollars being spent on 5G systems. Spending on 5G is expected to exceed $326 billion by 2025, according to Moor Insights & Strategy. Juniper has teamed up with Ericsson to offer service providers 5G transport network solutions.
On September 7, AT&T (T) was the largest US telecom company by market capitalization at ~$235.2 billion, followed by Verizon (VZ) with a market cap of ~$223.6 billion. Charter Communications’ (CHTR) market capitalization was ~$71.9 billion, as illustrated in the chart below.
** Britain's Sports Direct officially ruled out a takeover bid for Debenhams after an outgoing director of the sportswear firm said the board had discussed combining the department store group with House of Fraser. ** Comcast Corp's bid of 14.75 pounds for each Sky share will now remain open for acceptance until early October, the U.S. cable giant said, adding that it has received valid acceptances for shares representing 0.29 percent of Sky Plc to date. ** Private equity firms Carlyle Group and Investindustrial are teaming up to create a high-end interior design group which is already looking for acquisitions to boost growth.
Sprint, Ingram Micro, and myDevices announced today a collaboration to provide turnkey IoT solutions for a broad range of organizations. Ingram Micro’s North American resellers will now be able to offer their healthcare, hospitality, food service, retail, education and government customers a 30-day free trial of remote monitoring solutions for temperature/humidity monitoring and facility management.
In an effort to find new growth opportunities, Comcast (CMCSA) has diversified beyond its cable business to offer wireless services. The company began offering wireless services on its Xfinity Mobile platform in May 2017.
The agency, which started its formal review about 60 days ago, said it is taking more time to review a “significantly larger and more complex” engineering model that the companies had recently submitted and a business model that executives had referenced in a recent meeting with commission staff, according to a letter issued Tuesday by the FCC. FCC officials sometimes stretch their self-imposed timeline to review particularly complex or high-profile transactions. T-Mobile’s plan to buy Sprint is both, featuring large foreign-ownership stakes, planned investments in new 5G network technology and a new definition of competition that executives have used to argue there are more than four competitors in the national wireless market.
The US Federal Communications Commission on Tuesday told Sprint and T-Mobile it will take more time than first expected to review a proposed merger of the telecommunications firms. "We are pausing the commission's informal 180-day transaction shot clock in this proceeding," the FCC said in a letter to the companies. The FCC said the extra time is needed to assess updated engineering and economic modeling information submitted in connection with the merger.