1. Telecommunication Sector
Joy Leng
Kevin Min
04/18/2017

2. Agenda
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

3. Sector Overview
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

4. S&P 500 SIM Telecom Sector Market Cap:
S5TELS Market Cap: 489 B (03/24/2017)
2.42% of S&P 500
SIM Securities Value: $10,733,155.78
2.73% of SIM
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

5. Companies owned in portfolio
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

6. Valuation Ratios
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

7. Verizon is the #1 wireless phone service in the US and the #2 US telecom services provider overall. The company's core business lines are Verizon Wireless (79.1% of total revenue), serving about 113 million retail connections, and Verizon's wireline unit (20.9%), with more than 18 million voice connections. The company employs 162,000 employees and had revenue of $ billion in Verizon comprises 42% of the Telecom sector.
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

8. 52 Week Moving Average Sector Overview Verizon AT&T T-Mobile
Recommendation

9. Valuation Ratios
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

11. Risk: Acquisition Delay
AT&T Inc. is an American major communications holding company. Provide telecommunications and digital entertainment services for consumers in the U.S., Mexico and Latin American. The company had revenue of $165 billion in 2016,  is the largest telecommunications company in the world by revenue.
Risk: Acquisition Delay
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

12. 52 Week Moving Average Sector Overview Verizon AT&T T-Mobile
Recommendation

13. Valuation

14. Multiple Analysis Sensitivity Analysis Sector Overview Verizon AT&T
T-Mobile
Recommendation

15. T-Mobile US is a major wireless network operator in the United States
T-Mobile US is a major wireless network operator in the United States. The company has annual revenues of $37 billion in 2016 (16% growth).
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

16. 52 Week Moving Average Sector Overview Verizon AT&T T-Mobile
Recommendation

17. Business Analysis Main Strategy The Un-­Carrier strategy
Low Cost Operating Model
Network Transformation Update
Recent Issue:
Merger
Regulation changes
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

18. Valuation
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

20. Multiple Analysis Weighted Price
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

21. Sensitivity Analysis $63.80-$73.46 Sector Overview Verizon AT&T
T-Mobile
Recommendation

22. Recommendation
Sector Overview
Verizon
AT&T
T-Mobile
Recommendation

23. Telecommunication Services