Contracts, New Offerings, Earnings Results, and Divestitures - Research Report on AT&T, Sprint, T-Mobile, Leap, and NII
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NEW YORK, August 15, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting AT&T, Inc. (NYSE: T), Sprint Corporation (NYSE: S), T-Mobile US, Inc. (NYSE: TMUS), Leap Wireless International Inc. (NASDAQ: LEAP), and NII Holdings Inc. (NASDAQ: NIHD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
AT&T, Inc. Research Report
On August 12, 2013, AT&T, Inc. (AT&T) announced that its Federal Government unit has been awarded a $31 million contract by the US Department of Housing and Urban Development (HUD). Under the terms of the agreement, AT&T will provide managed virtual private network (VPN) to 93 HUD sites nationwide. Kay Kapoor, President of AT&T's Federal Government business unit, stated, "AT&T looks forward to supporting the Department of Housing and Urban Development by delivering a proven solution that enables the agency to communicate quickly, reliably and efficiently, both in terms of internal operations and in its ongoing, external mission to serve citizens." The Full Research Report on AT&T, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/T]
Sprint Corporation Research Report
On August 7, 2013, Sprint Corporation (Sprint) announced that it will begin offering the LG G2 smartphone on its network later in 2013. Fared Adib, Sprint Product Chief, commented, "Over the years, we have teamed up with LG to bring top of the line devices to our customers. I am thrilled to see our relationship grow as we open new doors together by bringing LG G2 with the benefit of Sprint's unlimited 4G LTE plans to our lineup. The new Sprint Unlimited Guarantee, available with an Unlimited, My Way or My All-in plan, is the perfect match for LG G2 because our customers can enjoy the powerful camera, huge screen, fast LTE speeds and other innovative features while on the Sprint network without worrying about costly overages or sharing data. While other wireless providers are moving away from unlimited service, the Sprint Unlimited Guarantee allows our customers to lock-in unlimited talk, text and data not for just the next two years, but for the life of the line of service." The Full Research Report on Sprint Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/S]
T-Mobile US, Inc. Research Report
On August 8, 2013, T-Mobile US, Inc. (T-Mobile) released its Q2 2013 financial results. Total revenues were up 27.5% YoY to $6.2 billion. Adjusted EBITDA was down 16% YoY to $1.1 billion. Net loss was $16 million, compared to net income of $207 million in Q2 2012. Net customer additions were approximately 1.1 million, compared to a loss of 205,000 in Q2 2012. John Legere, President and CEO of T-Mobile, said, "T-Mobile's Un-carrier approach has clearly resonated with consumers. By fixing the things that drive them mad, like contracts and upgrades, and freeing them from the two-year sentences imposed on them by our competitors, they are choosing the new T-Mobile in unprecedented numbers." Legere added, "We are just beginning and we will continue to apply this innovative thinking to the Un-carrier offers we create and to the internal operations of our company, which taken together are driving significant shareholder value creation." For full year 2013, T-Mobile expects adjusted EBITDA on a pro forma combined basis, including MetroPCS full year results, to be in the $5.2 to $5.4 billion range. The Full Research Report on T-Mobile US, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/TMUS]
Leap Wireless International Inc. Research Report
On August 1, 2013, Leap Wireless International Inc. (Leap) released its Q2 2013 financial results. Total revenues were down 7% YoY to $731.5 million. Net loss attributable to common stockholders was $163.1 million, or $2.09 per diluted share, compared to a loss of $41.6 million, or $0.54 per diluted share, in Q2 2012. Leap reported 239,514 core wireless gross customer additions and 255,132 core wireless net customer losses for Q2 2013, compared to 364,678 additions and 142,779 net customer losses in Q2 2012. The Full Research Report on Leap Wireless International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/LEAP]
NII Holdings Inc. Research Report
On August 9, 2013, NII Holdings Inc. (NII) announced its agreement with American Tower Corporation to sell and leaseback the Company's 2,790 towers in Brazil and 1,666 towers in Mexico. NII reported that these two separate transactions are valued at $413 million and $398 million, respectively. Steve Shindler, CEO of NII, said, "We are excited to reach agreement with American Tower and achieve our goal of unlocking the value of a significant portion of our tower assets while raising additional liquidity." Shindler continued, "We will use the proceeds from the transactions to support the continuing investments in our next generation network deployments in our largest markets, Brazil and Mexico, which we believe offer the best opportunity for value creation and long-term growth and profitability." The Full Research Report on NII Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-08-13/NIHD]
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SOURCE Investors' Reports
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