Previous close | 1.2300 |
Open | 1.2800 |
Bid | 1.2100 |
Ask | 1.3200 |
Strike | 35.00 |
Expiry date | 2023-01-20 |
Day's range | 1.2500 - 1.2900 |
Contract range | N/A |
Volume | 313 |
Open interest | 21.87k |
T-Mobile (NASDAQ: TMUS) spent nearly $10 billion on relatively few spectrum licenses in the FCC's C-band spectrum auction that concluded last month. Verizon pledged $45.5 billion for the mid-band spectrum licenses and AT&T agreed to $23.4 billion in spectrum licensing. Without getting too deep into the technicalities, T-Mobile's spectrum holdings in the mid-2010s were well-positioned for major metro areas but not as great in rural areas.
AT&T (NYSE: T) took a big step toward cutting the cord on its pay-TV business. AT&T will retain 70% ownership of the new company, but it will get a much-needed cash infusion as part of the deal, valuing the business at $16.25 billion. It's not an ideal end result from AT&T's $67 billion DIRECTV acquisition from 2014, but it's necessary for AT&T to move forward.
In a year tainted by the coronavirus pandemic, the show must go on and the Golden Globes did just that on Sunday night — virtually.