Report
Allan C. Nichols
EUR 101.80 For Business Accounts Only

AT&T pursues acquisitions in a world where capacity, networks, and entertainment are converging.

Late on Oct. 11, AT&T warned that the firm expects to lose a total of 90,000 U.S. video subscribers in the third quarter, composed of 390,000 U-verse and DirecTV satellite net losses partially offset by 300,000 DirecTV Now net additions. Since DirecTV Now subscribers generate lower average revenue per user and lower margins than AT&T’s traditional pay-TV subscribers, the decline of traditional pay-TV subscribers is expected to negatively impact the Entertainment Group’s overall revenue a...
Underlying
AT&T Inc.

AT&T is a holding company. Through its subsidiaries, the company is a provider of telecommunications, media and technology services. The company's Communications segment provides wireless and wireline telecom, video and broadband services. The company's WarnerMedia segment includes media and entertainment businesses that principally develop, produce and distribute feature films, television content, and other content globally; and operate digital media properties. The company's Latin America segment provides entertainment services in Latin America and wireless services in Mexico. The company's XANDR segment relies on using data from its customer relationships, to develop digital and video advertising that is relevant to consumers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Allan C. Nichols

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