Research and Markets: AT&T - In a Tight Corner: 2013

DUBLIN--()--Research and Markets ( has announced the addition of the "AT&T - In a Tight Corner" company profile to their offering.

Investment thesis - In a tight corner; low growth & margin pressure

Since 2010 the wireless competitive environment changed as AT&T deployed LTE late, failed to obtain sufficient spectrum. Now, AT&T is in a tight corner due to a maturing market and poor competitive positioning.

Poor 2012 Q4 results - margins fall & large pension charge

The existing well-entrenched trends continue: low revenue growth, restricted by wireline which is in gradual decline despite progress with U-Verse; slowing wireless subscriber growth as the market matures, and flat overall (blended) wireless ARPU. Verizon Wireless continues to outperform AT&T.

Independent, buy-side, fundamental, financial analysis.

Key Topics Covered:

Investment Thesis & SWOT Analysis

News Flow - Significant Recent Company Events

USA Telecoms Industry Significant Recent Events

Industry & Company Analysis

Overview of the Telecoms Industry

AT&T - Business Activities

Key Divisions

Management, Executive Compensation, Board & Pension

Business Model - Snapshot of the last 12 Months

SWOT Analysis

Key Investment Issues

Financial Results Analysis

Profit & Loss Summary

Revenue Analysis

Revenue Analysis by Division

Wireless Operational Data

USA Wireless - Competitor Analysis

Wireline Operational Data

EBITDA, EBIT & Pre-Tax Profit Analysis

Cost Analysis

Cash Flow Analysis

Balance Sheet Analysis

Return Analysis

Unusual Items


Valuation Multiples

Historical Valuation Multiples

Fundamental Valuation of AT&T

DCF Valuation & Sensitivity Analysis

Additional Telecoms Industry Analysis

Key US Telecoms Trends & Drivers

A brief history of the US Telecoms Industry

Recent USA Regulatory Issues

Description of Telecoms Services

Telecoms Glossary

Financial Tables

Quarterly Financial Accounts

Annual Financial Accounts

Revenue Data

Divisional Revenue Data

Wireless Operational Data

Wireline Operational Data


Pre-Tax Profit Data

Explanations and Definitions

Legal and Important Information

List of Tables

List of Figures

For more information visit


Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Telecoms


Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Telecoms