Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

COMCAST CORPORATION

(CMCSA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

T-Mobile seen as top target following AT&T-Time Warner deal

10/25/2016 | 01:22pm EDT

NEW YORK (Reuters) - T-Mobile US Inc (>> T-Mobile Us Inc) is the likeliest acquisition target as media companies seek a wireless partner following AT&T Inc's (>> AT&T Inc.) proposed $85.4 billion (£69.83 billion) takeover of Time Warner Inc (>> Time Warner Inc), analysts said.

NEW YORK (Reuters) - T-Mobile US Inc (>> T-Mobile Us Inc) is the likeliest acquisition target as media companies seek a wireless partner following AT&T Inc's (>> AT&T Inc.) proposed $85.4 billion (£69.83 billion) takeover of Time Warner Inc (>> Time Warner Inc), analysts said.

AT&T announced the deal late on Saturday, stoking urgency in the telecoms and media sectors, where carriers facing a saturated wireless market are looking for content to attract mobile users and producers of shows and movies are seeking digital distribution.

T-Mobile took most of the wireless industry's subscriber and revenue growth in the third quarter. Its strong balance sheet and fast-growing wireless business makes it an attractive target for a pay-TV or media company, analysts said.

T-Mobile shares jumped 9.5 percent on Monday after it announced third-quarter financial results. At least nine analysts raised their target price on the No. 3 wireless company, which said it added 851,000 postpaid subscribers in the quarter.

T-Mobile has taken market share from bigger rivals Verizon and AT&T, and that momentum is expected to continue, analysts said.

"The takeout target over the next twelve months has got to be T-Mobile," New Street Research analyst Spencer Kurn said. Potential buyers include Comcast Corp (>> Comcast Corporation), satellite-TV provider Dish Network Corp (>> DISH Network Corp), and Mexican telecom company America Movil, analysts said.

Comcast and Dish declined to comment. America Movil could not be immediately reached for comment.

"Content of all kind is rapidly landing on the internet and the internet itself is rapidly transforming toward mobile," T-mobile Chief Operating Officer Mike Sievert told Reuters.

T-Mobile is "very interested" in exploring strategic opportunities, he said.

Sprint Corp (>> Sprint Corp), which is aggressively working towards reviving its wireless business, is another takeout candidate, analysts said.

Sprint received more calls than usual from bankers over the weekend after the AT&T-Time Warner deal was announced, Chief Executive Marcelo Claure said on an earnings call on Tuesday.

"Our strategic value to many has significantly grown," he added.

Dish is struggling to grow its subscriber base amid intense competition, but sits on a treasure trove of wireless spectrum that it has amassed in recent years.

Dish has been long considered an acquisition target for AT&T or Verizon to boost their wireless networks. Dish's spectrum could be worth nearly $45 billion, analysts said.

Dish CEO Charlie Ergen "has been pretty realistic about the challenges in the pay-TV business," so it is more likely they would look to sell, BTIG analyst Walt Piecyk said.

The AT&T-Time Warner deal means Dish has lost a potential buyer in AT&T, Piecyk added.

(Reporting by Malathi Nayak; Editing by Meredith Mazzilli)

By Malathi Nayak


ę Reuters 2016
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. 1.37% 18.5 End-of-day quote.27.67%
AT&T INC. 0.31% 25.7 Delayed Quote.-10.64%
BASE CO., LTD. 4.44% 4705 End-of-day quote.-23.50%
BASE, INC. 5.61% 1186 End-of-day quote.-39.24%
COMCAST CORPORATION 0.06% 54.02 Delayed Quote.3.09%
DISH NETWORK CORPORATION -0.55% 43.28 Delayed Quote.33.83%
SEEK LIMITED 0.53% 32.45 End-of-day quote.13.74%
SOFTBANK GROUP CORP. 0.61% 6290 End-of-day quote.-21.94%
SPRINT CORPORATION 0.00%End-of-day quote.0.00%
T-MOBILE US -1.43% 117.56 Delayed Quote.-12.82%
All news about COMCAST CORPORATION
10/15S&P 500 Posts 1.8% Weekly Gain, Strongest Since July, Amid Positive Start to Q3 Results..
MT
10/15PUMP / DUMP #6 : This week's gainers and losers
10/13COMCAST : Indian Health Center of Santa Clara Valley Partners with Comcast Business to Bri..
AQ
10/13COMCAST : Indian Health Center of Santa Clara Valley Partners with Comcast Business to Bri..
EQ
10/13PRESS RELEASE : Indian Health Center of Santa Clara Valley Partners with Comcast Business ..
DJ
10/12COMCAST : Joins community leaders to mark 10 years of internet essentials
EQ
10/12COMCAST : Joins community leaders to mark 10 years of internet essentials
AQ
10/12PRESS RELEASE : Comcast joins community leaders to -2-
DJ
10/12PRESS RELEASE : Comcast joins community leaders to mark 10 years of internet essentials
DJ
10/12COMCAST : Deutsche Bank Adjusts Comcast PT to $64 From $68, Maintains Buy Rating
MT
More news
Analyst Recommendations on COMCAST CORPORATION
More recommendations
Financials (USD)
Sales 2021 115 B - -
Net income 2021 13 347 M - -
Net Debt 2021 87 931 M - -
P/E ratio 2021 18,9x
Yield 2021 1,84%
Capitalization 248 B 248 B -
EV / Sales 2021 2,92x
EV / Sales 2022 2,70x
Nbr of Employees 168 000
Free-Float 83,2%
Chart COMCAST CORPORATION
Duration : Period :
Comcast Corporation Technical Analysis Chart | CMCSA | US20030N1019 | MarketScreener
Technical analysis trends COMCAST CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 36
Last Close Price 54,02 $
Average target price 66,93 $
Spread / Average Target 23,9%
EPS Revisions
Managers and Directors
Brian L. Roberts Chairman, President & Chief Executive Officer
Michael J. Cavanagh Chief Financial Officer
Jeff Votaw Vice President-Engineering
Candy Lawson Chief Compliance Officer & Senior Vice President
Karen Dougherty Buchholz Executive Vice President-Administration
Sector and Competitors
1st jan.Capi. (M$)
COMCAST CORPORATION3.09%247 938
WALT DISNEY COMPANY (THE)-2.61%320 650
VIACOMCBS INC.4.46%25 273
THE LIBERTY SIRIUSXM GROUP12.07%16 226
FORMULA ONE GROUP27.54%12 475
GRUPO TELEVISA, S.A.B.49.88%6 711