AtntI don't really need to go too into detail. Everybody knows this stock has some explaining to do....I think I caught price action.
The three major U.S. wireless companies spent heavily at a recent wireless-spectrum auction that raked in a record $81.2 billion and is expected to dramatically reshape the telecommunications industry for years to come.
1. Verizon Communications Inc. VZ, 0.72% was the biggest bidder in the auction for “C-band spectrum,” a type of wireless spectrum that the biggest U.S. carriers expect will prove crucial in the rollout of 5G networks. Verizon spent $45.5 billion at the auction, while AT&T Inc. T, 1.56% spent $23.4 billion and T-Mobile US Inc. TMUS, 2.76% spent $9.3 billion. Others rounded out the auction with smaller bids of their own — U.S. Cellular Corp.’s USM, 1.60% $1.3 billion haul was the next largest total after T-Mobile’s.
2. AT&T Inc. will offload its DirecTV operations in a deal with private equity firm TPG that values the business at about $16 billion, a fraction of what the telecom giant paid for the satellite-TV company in 2015.
The move caps years of AT&T deliberating over what to do with DirecTV, a pay-television pioneer that had increasingly become a burden as it hemorrhaged customers.
As part of the agreement, a joint venture with TPG will run DirecTV and AT&T’s other pay-TV operations, the companies said Thursday. AT&T will get $7.6 billion in cash from the transaction, with the new DirecTV taking on $5.8 billion in committed debt financing.
....Warner Bros.....Space Jam hasn't been released yet, Kong vs Godzilla, Tom n Jerry Movie just debuted with 13.7 MIL.....great dividend....I'll option trading this one for a while.
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*not investing advice
