{"id":211755,"date":"2021-03-09T16:42:58","date_gmt":"2021-03-09T16:42:58","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=311878"},"modified":"2021-03-09T16:42:58","modified_gmt":"2021-03-09T16:42:58","slug":"att-reassures-investors-after-big-c-band-bid","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/03\/09\/att-reassures-investors-after-big-c-band-bid\/","title":{"rendered":"AT&T reassures investors after big C-Band bid"},"content":{"rendered":"

<\/p>\n

\tAT&T CFO John Stephens (pictured) used an investor event to dismiss recent concerns from analysts about the impact of a US C-Band spectrum (3.7GHz to 4.2GHz) sale on its balance sheet, stating it could easily handle a commitment to pay more than $23 billion for licences.<\/p>\n

Stephens explained the operator had more than \u201c$30 billion of ability to handle any down payments pretty easily\u201d from its cash reserves and a $14.7 billion loan secured last month [1].<\/p>\n

He added approximately half of the C-Band spectrum it bid for is due to become available [2] by end-2021, allowing it to \u201cstay extremely competitive, if not lead, going forward\u201d.<\/p>\n

Looking ahead, he said AT&T remained committed to providing a dividend to shareholders and planned capex of $21 billion this year, compared with $19.7 billion in 2020.<\/p>\n

He added that even after making these investments the operator expected to generate $26 billion in free cash flow, leaving \u201cplenty of money to pay out the dividend and a very reasonable” ratio.<\/p>\n

AT&T bid $23.4 billion to acquire 1,621 C-band licences with the sum due by 24 March.<\/p>\n

The auction garnered bids totalling $81.2 billion [3], prompting concern from analysts over the burden on operators [4].<\/p>\n

Last month, MoffetNathanson warned in a research note \u201cAT&T, in particular, will face unwelcome choices about promotions and service pricing and, eventually, about dividends and diversification\u201d.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/att-scores-14-7b-loan-for-spectrum
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/fcc-offers-satellite-players-billions-for-c-band
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/verizon-dominates-us-c-band-sale-with-46b-spend
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/us-c-band-auction-smashes-fcc-record<\/p>\n\n

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AT&T CFO John Stephens (pictured) used an investor event to dismiss recent concerns from analysts …<\/p>\n

The post AT&T reassures investors after big C-Band bid<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":245,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"AT&T reassures investors after big C-Band bid - ITTeacherITFreelance.hk","description":"AT&T CFO John Stephens (pictured) used an investor event to dismiss recent concerns from analysts ... The post AT&T reassures investors after big C-Band"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/211755"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/245"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=211755"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/211755\/revisions"}],"predecessor-version":[{"id":211756,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/211755\/revisions\/211756"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=211755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=211755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=211755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}