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 PRESS RELEASE

Verizon to report earnings on October 22, 2024

Verizon to report earnings on October 22, 2024 Company to discuss third-quarter 2024 earnings and share broadband strategy update during live sell side analyst event NEW YORK, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report third-quarter 2024 earnings on Tuesday, October 22. Third-quarter 2024 materials will be available at 7:00 a.m. ET on Verizon’s Investor Relations website, /about/investors. These materials include: Detailed information on Verizon's third-quarter results, including a recording and transcript of management’s commentary;Ve...

Jonathan Chaplin
  • Jonathan Chaplin

Comcast Pre-3Q24 Model Update

This report covers changes to our model to incorporate recent management commentary at investor conferences. Our broadband losses for 3Q remain unchanged but we now expect all ACP losses to be reported in 3Q. We have lowered losses for 4Q due to no ACP impact. No change to thesis. Price target is $50 (+20%).

Jonathan Chaplin
  • Jonathan Chaplin

Charter Pre-3Q24 Model Update

This report covers changes to our model to incorporate recent management commentary at investor conferences. The most significant change was lower broadband losses due to lower ACP losses than previously expected. We now expect slightly lower losses than consensus in 3Q24. Price target is $473 (+44%).

 PRESS RELEASE

Verizon continúa los esfuerzos de ayuda por el huracán Helene con un a...

Verizon continúa los esfuerzos de ayuda por el huracán Helene con un apoyo total de $325,000 La donación ayudará a las comunidades más afectadas por el huracán Helene ALPHARETTA, Ga., Oct. 02, 2024 (GLOBE NEWSWIRE) -- A la luz del huracán Helene y la devastación masiva que dejó, Verizon está reforzando su compromiso con las comunidades a las que presta sus servicios donando un total de $325,000 directamente a organizaciones locales que trabajan en las áreas impactadas. Mientras tantas personas trabajan para reconstruir sus hogares,, esta donación está destinada a apoyar los esfuerzos lo...

 PRESS RELEASE

Verizon taps Santiago “Yago” Tenorio as Verizon’s new Chief Technology...

Verizon taps Santiago “Yago” Tenorio as Verizon’s new Chief Technology Officer and SVP of Strategy and Technology Enablement Tenorio brings more than 25 years of technical expertise in the wireless industry to lead the next chapter of Verizon technology innovation BASKING RIDGE, N.J., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Verizon Communications (NYSE, Nasdaq: VZ) today announced the appointment of Santiago “Yago” Tenorio as Chief Technology Officer and SVP of Strategy and Technology Enablement. Tenorio brings more than 25 years of technical expertise in the wireless industry to lead the nex...

 PRESS RELEASE

Verizon continues Hurricane Helene relief efforts with grants totaling...

Verizon continues Hurricane Helene relief efforts with grants totaling $325,000 Funding will aid communities hardest hit by Hurricane Helene ALPHARETTA, Ga., Oct. 01, 2024 (GLOBE NEWSWIRE) -- In light of Hurricane Helene and the massive devastation it left behind, Verizon is reinforcing its commitment to the communities it serves by donating a total of $325,000 directly to local organizations working in the impacted areas. As so many work to rebuild their homes and livelihoods, this funding is intended to support local relief efforts, not just for the coming days, but in the weeks and ...

 PRESS RELEASE

Comcast’s Black Experience on Xfinity Celebrates Black Fine Art Month ...

PHILADELPHIA--(BUSINESS WIRE)-- Today, Comcast celebrates Black Fine Art Month (October) with the premiere of Who’s Behind Black Art, a four-part docuseries that explores the lives of five emerging artists navigating the industry and their journey to create a unique exhibition. This award-winning series is available now on Comcast’s Black Experience on Xfinity channel and the Xumo Play free streaming app. Launched in 2021, Black Experience on Xfinity features the ultimate in Black storytelling from Comcast’s diverse programming partners and film studios and has released a number of original do...

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/AT&T, Verizon, Unibail

Telecom - AT&T sells 70% stake in DirecTV. Verizon sells 6,339 towers to Digital Bridge

Jonathan Chaplin
  • Jonathan Chaplin

FYBR Quick Hit: preliminary proxy yields some important insights

Frontier filed a preliminary proxy on Friday. We totally missed it amidst all the mayhem (sorry!). We haven’t had the time to review it thoroughly yet, but provide quick preliminary thoughts in this brief note.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

 PRESS RELEASE

New Verizon Access Concert Series Kicks Off with Performances by Becky...

New Verizon Access Concert Series Kicks Off with Performances by Becky G and Xavi Any Verizon customer can get free tickets to the exclusive private concert series through Verizon Access starting October 3 NEW YORK, Sept. 30, 2024 (GLOBE NEWSWIRE) -- International multi-platinum singer, songwriter, and activist and chart-breaking música Mexicana artist will perform live concerts exclusively for Verizon customers this fall as part of the new Verizon Access Concert Series. The slate of events brings customers close to their favorite artists with unparalleled experiences powered by Veriz...

 PRESS RELEASE

Comienza la nueva serie de Verizon Access Concert Series con actuacion...

Comienza la nueva serie de Verizon Access Concert Series con actuaciones de Becky G y Xavi Cualquier cliente de Verizon puede obtener entradas gratuitas para la exclusiva serie de conciertos privados a través de Verizon Access a partir del 3 de octubre NUEVA YORK, N.Y., Sept. 30, 2024 (GLOBE NEWSWIRE) -- La cantante, compositora y activista internacional multi-platina y el artista de música mexicana líder en las listas realizarán conciertos en vivo exclusivamente para clientes de Verizon este otoño como parte del Verizon Access Concert Series. La programación de eventos acerca a los c...

Jonathan Chaplin
  • Jonathan Chaplin

AT&T selling DTV stake to TPG

AT&T is selling their 70% stake to TPG in a non-contingent transaction. The deal appears to value DTV at around 4x 2025 EBITDA (this is the multiple we have always used). When we saw this release, we thought it meant the DTV / Dish deal was off, but that deal was announced moments ago. We provide quick thoughts on the AT&T sale to TPG here, and will follow up on the Dish piece shortly.

Jonathan Chaplin
  • Jonathan Chaplin

2Q24 Broadband Trends: Are fiber builds accelerating?

In this iteration of “Broadband Trends” we explore whether fiber builds are accelerating and how it will impact Cable’s subscriber growth. We also reprise our work on the competitive positioning of the various operators based on relative NPS scores.

 PRESS RELEASE

Verizon and Vertical Bridge agree to $3.3 billion tower transaction

Verizon and Vertical Bridge agree to $3.3 billion tower transaction NEW YORK and BOCA RATON, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Vertical Bridge today announced they have entered into a definitive agreement for Vertical Bridge to obtain the exclusive rights to lease, operate and manage 6,339 wireless communications towers across all 50 states and Washington, D.C. from subsidiaries of Verizon for approximately $3.3 billion, including certain commercial benefits. The transaction is structured as a prepaid lease with upfront proceeds of...

Jonathan Chaplin
  • Jonathan Chaplin

Dish / DTV reportedly close to a deal

Bloomberg and the WSJ both reported this afternoon that the companies are close to a deal. They claim an announcement could come by Monday. The only new data points that we picked up were that DTV is the acquirer, and AT&T and TPG will remain investors (and presumably remain in control). In addition, the stories claim that Sling will be part of the sale.

 PRESS RELEASE

Verizon to support Florida and Georgia communities affected by Hurrica...

Verizon to support Florida and Georgia communities affected by Hurricane Helene Call/Text/Data usage incurred by customers in hardest hit counties will be waived from Sept. 26-Oct. 5 For media: Regular updates can be found . What you need to know: Verizon to waive domestic call, text, and data usage for postpaid consumer, small business customers,* and Verizon Prepaid customers impacted by the storm in parts of Florida and Georgia from Sept. 26-Oct. 5, 2024.For prepaid customers using Straight Talk, Tracfone, Total Wireless, Simple Mobile, Walmart Family Mobile, Net10, GoSmart, and Page P...

Jonathan Chaplin
  • Jonathan Chaplin

Verizon & AT&T Model and Valuation Updates

We have updated our Verizon and AT&T models following commentary at recent conferences, with the changes being so few that we’ve combined the updates into one note. Verizon phone and broadband adds look set to beat consensus modestly in 3Q, with a bigger beat FCF. AT&T phone adds should beat handily, but their fiber adds will miss on the work stoppage in the Southeast; FCF will also miss, but this is a timing issue.

 PRESS RELEASE

Verizon is ready to keep customers connected ahead of Hurricane Helene

Verizon is ready to keep customers connected ahead of Hurricane Helene Year-round preparedness, network infrastructure and mobile assets are the foundation of Verizon’s response plan for potential Hurricane Helene ALPHARETTA, Ga., Sept. 25, 2024 (GLOBE NEWSWIRE) -- As potential Hurricane Helene approaches the Florida coast, Verizon remains committed to keeping communities and first responders connected. Verizon's Response Team has prepared year-round to respond to extreme weather situations, like hurricanes, by taking part in emergency drills, fortifying the network infrastructure, and ...

Moody's Ratings says Charter's credit ratings are unaffected by the pr...

Moody's Ratings (Moody's) says Charter Communications, Inc.'s (Charter or the company) Ba2 Corporate Family Rating (CFR), all other credit ratings and the negative outlook are unlikely to be affected by its proposed transaction with Liberty Broadband Corporation (parent of GCI, LLC (B1 Stable)). O...

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