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Telecom Daily

Welcome to Faulkner's Telecom Daily. We publish Monday through Friday, updating top stories as events warrant. If you would like to receive Telecom Daily emailed daily to your desktop, please click here: TelDailyEmail.

Monday, October 24...

AT&T to Officially Acquire Time Warner
AT&T revealed official plans to acquire Time Warner for $85.4 billion. The news of this transaction - which has been unanimously approved by both companies' boards - follows reports by Bloomberg Business and other news outlets that senior executives from both companies had been engaged in informal talks toward either establishing a streaming media partnership or a potential merger. This $107.50 per-share agreement is expected to give AT&T, as it noted in a press release, "content and ability to create new premium content that connects with audiences around the world." AT&T also acquired satellite TV provider DIRECTV in July 2015.

T-Mobile Reports 165% Earnings Growth for Third Quarter
T-Mobile US reported a strong upswing in its profits, year to year, for the 2016 third quarter ended September 30, 2016. The carrier posted earnings totaling $366 million, or $0.42 per share, which was up by 165% over a 2015 Q3 net income of $138 million, or $0.15 per share. Revenues, meanwhile, were $7.1 billion, which was up 3% from 2015 third quarter sales of $6.9 billion. In particular, Branded postpaid revenue increased 10% year to year to $4.6 billion; Branded prepaid revenue was up 5% to $2.2 billion; Wholesale revenue grew 40% to $238 million; and Roaming and other service sales increased by 61% to $66 million. The period also marked the 14th consecutive quarter in which T-Mobile generated more than one million net customer additions, with Branded postpaid pulling in 969,000 new customers alone. Branded prepaid additions were 684,000, meanwhile, while Wholesale new customer additions were 317,000. "T-Mobile is the only provider," it noted, "to grow both postpaid and prepaid [customers] for the past 13 quarters in a row."

AT&T Posts Improved Q3 Profits, Revenues
AT&T reported that its profits and revenues both increased year to year for the 2016 third quarter ended September 30, 2016. The carrier posted earnings of $3.3 billion, or $0.54 per share, which was up 10% from 2015 third quarter profits of $3 billion, or $0.50 per share. Revenues, meanwhile, were $40.9 billion, which was up 5% from 2015 third quarter sales of $39.1 billion. By business segment, Business Solutions revenue was a flat $17.8 billion; Enterprise Group sales increased 17% year to year to $12.7 billion; Consumer Mobility revenue fell 6% to $8.3 billion; and International revenue grew by 27% to $1.9 billion. AT&T also revealed that it had 1.48 million net customer additions for the quarter, which was down from 1.875 million new customers in the third quarter of 2015.

... Brady Hicks, Faulkner Information Services

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