12.09.2013 14:00:00
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Distribution Agreements, Company Reorganizations, Collaborations, Contract Approvals, and Notes Offerings - Research Report on AT&T, Crown Castle, CenturyLink, Frontier, and Bell
NEW YORK, September 12, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting AT&T, Inc. (NYSE: T), Crown Castle International Corp. (NYSE: CCI), Century Link, Inc. (NYSE: CTL), Frontier Communications Corporation (NASDAQ: FTR), and BCE, Inc. (NYSE: BCE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
AT&T, Inc. Research Report
On September 9, 2013, AT&T, Inc. (AT&T) announced that it has been selected as the exclusive wireless sponsor of the Pac-12 Conference. According to the Company, under the distribution agreement, it will carry three Pac-12 television networks, which will allow AT&T U-verse TV subscribers across the country to access more than 700 remaining live Pac-12 events of the 2013-2014 season on the conference's networks . Chris Roy, Vice President of Government and Education at AT&T, stated, "We are thrilled to become a technology provider and the exclusive wireless sponsor for such a storied Conference with a rich history of academic excellence and superior athletic achievement. Together with the Conference and the 12 universities, we look forward to redefining the experience for students, alumni and fans attending Pac-12 athletic events." The Full Research Report on AT&T, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-09/T]
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Crown Castle International Corp. Research Report
On September 9, 2013, Crown Castle International Corp. (Crown Castle) announced that it is undertaking the necessary steps to reorganize the Company to qualify as a Real Estate Investment Trust (REIT) for tax purposes. Ben Moreland, Crown Castle's President and CEO, said, "We are delighted to announce this plan for conversion because we believe REIT status is the optimal structure for our business given the real estate nature of our assets. We believe a REIT structure will lower our weighted average cost of capital and provide additional opportunities for creating long-term shareholder value. Further, we expect our conversion to a REIT to have little to no effect on our operations, and we intend to continue our focus on maximizing long-term adjusted funds from operations per share through growth and disciplined capital allocation." The Company further informed that it expects to operate in compliance with the REIT rules, effective from January 1, 2014. The Full Research Report on Crown Castle International Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-09/CCI]
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CenturyLink, Inc. Research Report
On September 4, 2013, CenturyLink, Inc.'s (CenturyLink) IT infrastructure solutions company, Savvis, announced that SIX Financial Information (SIX) has selected Savvis Markets Infrastructure to expand its data center presence to Chicago, to support ongoing demand for its global financial data feeds. Roji Oommen, Managing Director of Financial Services at Savvis, commented, "We are extremely pleased and honored that SIX Financial has decided to further extend its use of Savvis Markets Infrastructure by expanding to one of our Chicago data centers." Oommen added, "We look forward to building upon our already successful relationship and continuing to provide great service to SIX and its clients." The Full Research Report on CenturyLink, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-09/CTL]
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Frontier Communications Corporation Research Report
On September 3, 2013, Frontier Communications Corporation (Frontier) announced that it has received two contract approvals from the Communications Workers of America (CWA) Locals that represent an estimated 200 Frontier employees based in Pennsylvania. According to the Company, CWA-represented employees in its Pennsylvania operations have ratified the two agreements on August 8, 2013 and August 19, 2013, separately. Paul Quick, Senior Vice President and General Manager of Frontier's Pennsylvania operations, said, "Facing a tough economic and increasingly competitive business environment, the CWA and Frontier worked cooperatively to reach their respective objectives. The leadership of the CWA Locals partnered with Frontier's team to promote shared success, securing ratification of the contracts on the first vote. Everyone recognized that we are all in this together, and the ratification is a 'win-win' outcome for our employees, our customers and our future." The Full Research Report on Frontier Communications Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-09/FTR]
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BCE, Inc. Research Report
On September 5, 2013, BCE Inc.'s (Bell) subsidiary, Bell Canada announced the public offering of CAD 1 billion of MTN Debentures in two series pursuant to its medium term notes (MTN) program. The Company informed that $400 million 3.50% MTN Debentures, Series M-28, will be dated September 10, 2013, will mature on September 10, 2018, and will be issued at a price of CAD 99.94 per $100 principal amount for a yield to the investor of 3.5% per annum compounded semi-annually. In addition, the $600 million 4.70% MTN Debentures, Series M-29, will be dated September 10, 2013, will mature on September 11, 2023 and will be issued at a price of c.CAD 99.9 per $100 principal amount for a yield to the investor of 4.7% per annum compounded semi-annually. The Company informed that the MTN Debentures are being publicly offered in all provinces of Canada and to institutional investors in the United States that qualify for applicable state registration exemptions through a syndicate of agents. The Full Research Report on BCE, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-09-09/BCE]
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