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4-Traders Homepage  >  Equities  >  Nyse  >  AT&T Inc.    T

Delayed Quote. Delayed  - 07/29 10:01:49 pm
43.29 USD   +1.67%
05:05a AT&T : Says FCC Proposed E-rate Fine Off Base
04:05a AT&T : faces $106,425 fine for charging higher price
02:05a AT&T : Violated Rule Requiring Low Prices For Schools, FCC Says
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AT&T : Says FCC Proposed E-rate Fine Off Base

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07/30/2016 | 05:05am CEST

AT&T says the FCC`s proposed fine and allegations over the E-rate program against it are "meritless" and is ready to prove it.

The FCC has proposed fining the telco $106,425 and making it repay $63,760 to the Universal Service Fund for allegedly overcharging two Florida schools for phone service under the FCC`s E-rate program.

Companies who take the funds can`t charge schools or libraries "more than the lowest price paid by other similarly situated customers for similar telecommunications services."

Charging school districts among the highest rates in the state for telephone or broadband internet service is outrageous, said Enforcement Bureau chief Travis LeBlanc in announcing the Notice of Apparent Liability (NAL). Schools and libraries across the country heavily rely upon federal and state funds to afford these critical services. We expect that every service provider will offer participating schools and libraries the same low rates that they charge to other similarly situated customers.

AT&T said the FCC was wrong.

The FCC has issued a Notice of Apparent Liability alleging that AT&T apparently violated the Lowest Corresponding Price rule in the E-Rate program. The allegations lack merit and we look forward to making that case in detail in response to the NAL," said Joan Marsh, AT&T VP of federal regulatory. "Among other deficiencies, the NAL proceeds from the flawed premise that AT&T should have ignored regulations issued by the State of Florida when selling intrastate E-rate services in Florida.

(c) 2016 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2016 164 682 M
EBIT 2016 29 280 M
Net income 2016 15 162 M
Debt 2016 120 126 M
Yield 2016 4,45%
P/E ratio 2016 17,74
P/E ratio 2017 16,03
EV / Sales 2016 2,35x
EV / Sales 2017 2,27x
Capitalization 266 513 M
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AT&T Inc. Technical Analysis Chart | T | US00206R1023 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 42,7 $
Spread / Average Target -1,4%
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NameTitle
Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens Chief Financial Officer & Senior Executive VP
Joyce M. Roché Lead Independent Director
Laura D'Andrea Tyson Independent Director
Ralph de la Vega Vice Chairman
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