U.S. investment bank don’t look well the future of telecom operators
October 9th, 2008 by ijkl817Atkin’s T-Mobile will pay a net increase in the number of users is expected to increase from 700,000 people to 815,000 people.
In addition, many analysts believe that if the credit crisis and led to the deterioration of the economic recession, consumers and businesses is bound to cut spending in the communications.
RBC will be AT & T’s stock rating from “market beyond the” tune down to “market perform”, saying that because of the company in order to promote the sales of iPhone and a great deal of input subsidies, and its weak performance of the mobile business unit.乔纳森阿特analyst Kim (Jonathan Atkin) said that the slowdown in U.S. economic growth may prompt more users to cancel telephone service, or reduce the pay-per-download over the Internet.
For example, the analysts calculated through, Verizon’s cost per loan increased by 1% of its full year earnings per share figure will be reduced by 3.5 cents. Murphy will be a special Verizon 2009 fiscal year earnings per share is expected to tune down to 3.04 U.S. dollars from 2.89 U.S. dollars.
Oct. 9, according to foreign media reports, two U.S. securities rating agency said that the global financial crisis and the impact of slowing economic growth, the phone companies generally face rising borrowing costs, slowing growth in mobile business, the loss of traditional fixed-line users, and other adverse Situation.
In addition, RBC said, Sprint’s third-quarter loss of mobile phone users rate will be higher than previously expected, and Deutsche Telekom AG’s T-Mobile USA to increase the number of paid subscribers may be less than originally planned.
For the above reasons, Bernstein Co. Lowered the AT & T and Verizon both companies share the goal; RBC Capital Markets downgraded the AT & T’s stock rating.
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Some analysts said other carriers, the credit crisis and economic impact of the deterioration of the situation even more serious. Murphy said that the special, Sprint may not be able to have a more decent price to sell Nextel business, unless the economic situation improves, the company’s financial situation is likely to continue to deteriorate. He said that “Sprint, the consequences will be fatal. Sprint’s credit crunch will make the strategic choice of options significantly reduced, so that it faced competitive pressures become more severe.”
Murphy said that the special, “If consumers hard, they could reduce telephone expenses. Enterprise customers will tend to reduce the expenditure on data services.” For the above reasons, Murphy will be special Verizon’s share price from 37 goals Transfer dollars to 32 dollars, will be AT & T’s stock price 42 U.S. dollars transfer from the target down to 35 U.S. dollars.
RBC said the agency has come down AT & T is mainly due to the expected performance in the United States of the 1930s Great Depression of the most serious financial crisis, macro-economic growth may slow down or even recession.
According to RBC Atkin’s body is estimated that in the third quarter of the Sprint post-paid customers will be reduced by 1,000,000 people, he previously expected the figure is 925,000 people. For telephone companies, industries, post-paid phone users is the highest value of the company’s customers with telephone companies to sign annual contracts, in the end of the month to pay telephone charges.
Bernstein said that under the present circumstances, the adoption of short-term working capital loans to meet day-to-day needs, even if AT & T and Verizon like the Dow blue-chip companies also may be forced to pay more.
In the past few years, millions have abandoned the post-paid subscribers Sprint, in turn select AT & T, Verizon and even T-Mobile’s service, and so on.
In the third quarter, AT & T subsidies through sales of the iPhone could make it the number of mobile subscribers reached 1,800,000 people, up from RBC agencies are expected to 155 million people. But this institution is expected to AT & T’s mobile users in 2009 may increase the 5,800,000 people, while the previously expected value of 6,100,000 people.
Murphy, an analyst special (Moffett), “on any view, AT & T and Verizon both company’s credit rating high. But in the current generally higher borrowing costs, even if such companies have also been Drag. ”
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- U.S. investment bank don’t look well the future of telecom operators
- U.S. investment bank don’t look well the future of telecom operators
- U.S. investment bank don’t look well the future of telecom operators
- U.S. investment bank don’t look well the future of telecom operators
- U.S. investment bank don’t look well the future of telecom operators
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