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 PRESS RELEASE

T-Mobile Agrees to Sell €2.0 Billion of Euro-Denominated Senior Notes

BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary (“T-Mobile USA” or the “Issuer”), has agreed to sell €600,000,000 aggregate principal amount of its 3.550% Senior Notes due 2029 (the “2029 Notes”), €750,000,000 aggregate principal amount of its 3.700% Senior Notes due 2032 (the “2032 Notes”) and €650,000,000 aggregate principal amount of its 3.850% Senior Notes due 2036 (the “2036 Notes,” and collectively with the 2029 Notes and the 2032 Notes, the “notes”) in a registered public offerin...

 PRESS RELEASE

Verizon Business kicks off 2024 Innovation Sessions in Chicago’s histo...

Verizon Business kicks off 2024 Innovation Sessions in Chicago’s historic Soldier Field Verizon Business and Nokia to showcase the latest in digital transformation innovations for enterprise and public sector leaders, and small business owners on May 1 NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) -- Verizon Business, in collaboration with Nokia, is heading to Chicago to showcase the latest technologies driving business innovation and powering business growth at the first Innovation Session of 2024. This invite-only event will follow a curated program highlighting the transformative impact ...

 PRESS RELEASE

Verizon partners with Latina-owned small business Hija de tu Madre for...

Verizon partners with Latina-owned small business Hija de tu Madre for exclusive Mother’s Day merch Starting May 7, visit participating stores across the country to get the exclusive mercado bag designed by Hija de tu Madre as a gift with purchase NEW YORK, April 30, 2024 (GLOBE NEWSWIRE) -- May is the month of Mom at Verizon. We have offers that allow you to save big by gifting mom the latest tech, entertainment and accessories to stay connected year-round. And beginning May 7, you can also score a limited-edition Mother’s Day mercado bag designed by founder Patty Delgado when you stop...

 PRESS RELEASE

Verizon se une a Hija de tu Madre para ofrecer mercancía exclusiva por...

Verizon se une a Hija de tu Madre para ofrecer mercancía exclusiva por el Día de las Madres A partir del 7 de mayo, visita tiendas participantes en todo el país para llevarte de regalo con tu compra la exclusiva bolsa de mercado diseñada por la marca latina Hija de tu Madre. NUEVA YORK, April 30, 2024 (GLOBE NEWSWIRE) -- Mayo es el mes de mamá en Verizon. Tenemos ofertas que te permiten ahorrar en grande regalándole a mamá lo último en tecnología, entretenimiento y accesorios para mantenerse conectada todo el año. Y a partir del 7 de mayo, también puedes conseguir un bolso de mercado d...

 PRESS RELEASE

Houston Dynamo Football Club and Verizon extend partnership agreement ...

Houston Dynamo Football Club and Verizon extend partnership agreement for 2024 season Verizon will continue as the Official 5G partner of Houston Dynamo FC and the Houston Dash NEED TO KNOW: Verizon will serve as presenting partner for Fan Appreciation Weekend, a special weekend of unique fan experiences and activations to thank fans for their support, for both the Dash and Dynamo in 2024.Additional experiences, presented by Verizon, include a pre-game festival as part of Hispanic Heritage Night.Verizon will be featured on both the Dash and Dynamo training tops for the season.The startin...

 PRESS RELEASE

Houston Dynamo Football Club y Verizon extienden su acuerdo de asociac...

Houston Dynamo Football Club y Verizon extienden su acuerdo de asociación a la temporada 2024 Verizon continuará siendo el socio 5G oficial del Houston Dynamo FC y Houston Dash LO QUE HAY QUE SABER: Verizon será el socio principal del Fan Appreciation Weekend, un fin de semana especial de experiencias y activaciones únicas para agradecer a los aficionados su apoyo, tanto al Dash como al Dynamo en 2024.Otras experiencias presentadas por Verizon incluyen un festival previo al partido como parte de la Noche de Herencia Hispana.Verizon aparecerá en las camisetas de entrenamiento tanto de...

Dan Salmon
  • Dan Salmon

GOOGL/AMZN/META: How much are they spending on AI Capex (v2.3)?

We remain above 2024 consensus for each of GOOGL (9% higher), AMZN (11%) and META (13%). For 2025-2027, we are at least 8% ahead of consensus for each, including 27% ahead for META in 2025.

 PRESS RELEASE

T-Mobile Announces Proposed Public Offering of Euro-Denominated Senior...

BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (NASDAQ: TMUS) (“T-Mobile”) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary (“T-Mobile USA” or the “Issuer”), plans to offer, subject to market and other conditions, euro-denominated senior notes (the “notes”) in a registered public offering. T-Mobile USA intends to use the net proceeds from the offering for general corporate purposes, which may include among other things, share repurchases, any dividends declared by T-Mobile’s Board of Directors and refinancing of existing indebtedness on an ongoing basis. Barc...

Blair Levin
  • Blair Levin

NSR Policy: The Interconnections of ACP, Spectrum, Title II, and the S...

In this weekend update, we reconsider our initial takes on several events last week and how they could be affected by events this week. Specifically, we look at the interplay of the FCC’s Title II Order, the Second Circuit opinion upholding New York State’s mandate for ISPs to offer low-income households a low-cost broadband offering, Senator Cantwell’s draft spectrum bill, and how all are affected by the end of ACP funding in the next few weeks.

Pierre FerraguÊ
  • Pierre FerraguÊ

Tesla portfolio expansion; cloud revenues and capex accelerating; time...

As always, during earnings season, we start the week with a wrap-up of what happened in the previous week.

Dan Salmon ... (+2)
  • Dan Salmon
  • Emily Stykes

Amazon.com (AMZN, Buy, raising target to $235 from $224) AWS Gen AI re...

What’s New: We review the setup for the stock and key controversies, including: 1. Revenue growth at AWS and the impact of egress fee elimination and gen AI revenues 2. Progress on retail margins and expected future path, including International 3. Potential new disclosures or capital allocation changes, including capex 4. Cost-cutting across the organization and AMZN’s philosophy of experimentation We also review what to listen for on the earnings call, our top questions for management, and pot...

Moody's Ratings affirms Verizon's Baa1 rating; outlook stable

Moody's Ratings (Moody's) affirmed Verizon Communications Inc.'s (Verizon) Baa1 long term issuer and unsecured ratings, (P)Baa1 unsecured shelf ratings, (P)Baa1 unsecured MTN ratings, and Prime-2 short-term commercial paper ratings. The outlook remains stable. The affirmation reflects Verizon's re...

Jonathan Chaplin
  • Jonathan Chaplin

T-Mobile 1Q24 Results Review, Thesis & Model Update

What’s new: This report provides a comprehensive review of results, our thoughts on key themes, valuation, and operating and financial trends. The themes we dig into include T-Mobile fiber’s strategy, a deeper dive into the Lumos deal, the upside from price increases, evolving thoughts on FWA, and the ACP impact. We increased EBITDA and FCF slightly. Consensus is low on both. No change to thesis. Target is $202 (+23%)

 PRESS RELEASE

Verizon receives 2024 ENERGY STAR Award for 12th consecutive year

Verizon receives 2024 ENERGY STAR Award for 12th consecutive year NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- The U.S. Environmental Protection Agency has recognized Verizon Communications Inc. (NYSE, Nasdaq: VZ) as a recipient of the 2024 ENERGY STAR® Partner of the Year – Sustained Excellence Award in the Energy Management category. This marks the 12th consecutive year that Verizon has been recognized by ENERGY STAR® for its ongoing leadership in protecting the environment through its numerous energy efficient milestones and achievements. Verizon has achieved 677 ENERGY STAR certif...

 PRESS RELEASE

Verizon to award $25K crisis-response grant to Maryland Tough Baltimor...

Verizon to award $25K crisis-response grant to Maryland Tough Baltimore Strong Key Bridge Fund BALTIMORE, April 26, 2024 (GLOBE NEWSWIRE) -- In response to the recent tragedy at the Francis Scott Key Bridge in Baltimore, Verizon is donating $25,000 to the Maryland Tough Baltimore Strong Key Bridge Fund in collaboration with the Baltimore Community Foundation (BCF). Verizon’s contribution to the Fund will help support children and families of the deceased and survivors; first responders reporting to the scene and its aftermath; and job placement programs for displaced port workers. Fundin...

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