Atlantic Power Corporation Ordinary Shares (Canada) (AT) News
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AT News Highlights
- For AT, its 30 day story count is now at 8.
- Over the past 29 days, the trend for AT's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
- The most mentioned tickers in articles about AT are AMP, AAPL and DAL.
Latest AT News From Around the Web
Below are the latest news stories about Atlantic Power Corp that investors may wish to consider to help them evaluate AT as an investment opportunity.
AT&T Merging Its WarnerMedia Unit with Discovery in $43B Deal
AT&T (T) is spinning off its WarnerMedia unit and merging it with media company Discovery (DISCA). AT&T stock fell 2.7% on Monday and dropped a further 4.27% in extended-hours trading. Discovery stock dropped 5.05% on Monday. AT&T primarily provides telecom services and operates one of the largest wireless networks in the U.S. It bought Time Warner for $85.4 billion in a deal closed in June 2018, as it sought to branch into the media and entertainment business. AT&T then rebranded its entertainment division as WarnerMedia. In a restructuring move, AT&T is combining WarnerMedia with Discovery to form a new publicly traded media company.
Atlantic Power Announces Closing of Transaction With I Squared Capital
Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power"), announced today the closing ("Closing") of its previously announced transaction with affiliates of infrastructure funds managed by I Squared Capital Advisors (US) LLC (the "Transaction"). In connection with the Transaction:
Atlantic Power Corporation Releases First Quarter 2021 Results
Net loss of $0.1 million or $0.00 per diluted share
Atlantic Power Corporation Announces Date for Release of First Quarter 2021 Results
Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") plans to release its financial results for the three months ended March 31, 2021 after the market closes on the afternoon of Thursday, May 6, 2021. The Company does not plan to hold a conference call due to the pending acquisition of the Company by certain affiliates (collectively the "Purchasers") of infrastructure funds managed by I Squared Capital Advisors (US) LLC (the "Transaction"). Closing of the Transaction is targeted for May 14, 2021.
Delta Airlines To Become The First 5G-Equipped Global Airline
Delta Airlines (DAL) has taken the first step to becoming the first 5G-equipped global airline. The airline has teamed up with Apple (AAPL) and AT&T (T) to equip its flight attendants with best-in-class products aimed at enhancing service delivery. As part of the strategic partnership, over 19,000 Delta Airlines flight attendants are to receive an iPhone 12 paired with AT&T’s 5G network to enhance customers' travel experience. The airline is turning to technology and connectivity to bolster its prospects in an industry that is still reeling from the effects of COVID-19.
AT&T’s 1Q Results Beat Estimates; Shares Up 5%
AT&T’s shares were up 5.2% in early trading on Thursday as the company reported better-than-expected 1Q results. The telecommunication giant posted revenues of $43.9 billion, up 2.7% year-on-year that came in ahead of analysts’ estimate of $42.7 billion. The company’s adjusted EPS increased 2.4% year-on-year to $0.86 and topped consensus estimates of $0.78 per share. AT&T’s (T) CEO, John Stankey said, “We continued to excel in growing customer relationships in our market focus areas of mobility, fiber and HBO Max. We had another strong quarter of postpaid phone net adds, higher gross adds, lower churn and good growth in Mobility EBITDA.
AT&T To Provide UConn With 5G Network
AT&T and the University of Connecticut have signed a strategic partnership deal to enhance entrepreneurship and innovation using 5G. Under the terms of the partnership, the wireless career is to provide high-speed wireless connectivity at UConn Stamford. AT&T’s (T) high-speed 5G network should allow the university to advance its academic programs and expand entrepreneurial activity. The high-speed internet service should help accelerate the UConn Stamford Data Science initiative while enhancing connections between industry experts and the University students and faculty. AT&T's 5G+ mmWave should enhance UConn's ability to serve the state and region by improving its innovation ecosystem.
Atlantic Power Obtains Final Court Order Approving Arrangement
Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") announced today that it has obtained a final court order from the Supreme Court of British Columbia approving its previously announced arrangement with certain affiliates (collectively the "Purchasers") of infrastructure funds managed by I Squared Capital Advisors (US) LLC.
AT&T Plans $2 Billion Investment To Help Bridge The Digital Divide
AT&T plans to invest $2 billion over the next three years as it looks to bridge the digital divide in the US. The investment will go towards expanding the company’s affordable broadband through inexpensive low-cost offers and emergency broadband. The investment builds on a $1 billion contribution over the last three years that has helped support the most under-privileged communities. By offering affordable broadband, AT&T (T) hopes to make it easy for millions of Americans to access educational resources and economic opportunities. The company is already offering discounted wireless solutions to more than 135,000 schools, colleges, and universities, allowing remote learning to progress with ease.
Atlantic Power Provides an Update on Convertible Debentureholder Meeting
Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") announced today that the parties to the previously announced proposed transaction among Atlantic Power, Atlantic Power Preferred Equity Ltd. ("APPEL"), Atlantic Power Limited Partnership ("APLP") and certain affiliates (collectively the "Purchasers") of infrastructure funds managed by I Squared Capital Advisors (US) LLC (the "Transaction") are continuing to work through the steps required to close the Transaction without the approval of holders of the Company's 6.00% Series E convertible unsecured subordinated debentures due January 31, 2025 (the "Convertible Debentures").