Even with the infusion of $60B from DTV and TW, this still leaves T with a untenable debt load of $110B. I don't think we know how bad things are now but hopefully as the days go by, we will know how dire things are. I believe Stankey was deseparate to take some type of action with Q2 results forthcoming. He had no place to turn until receiving the texts.
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The new TW-Discovery company is taking some of this debt correct?
It's time to put Stankey on an employee improvement plan. If no improvement within 6 mos then kick him to the curb.
maybe the only way they could get a loan on 5g spectrum was to do this deal ?
How can we know for sure? Stankey may not be coming clean. I agree, I think desperation drove this deal. Now Stankey can blame Stephenson for the failed acquisition of TMOB, and the acquisitions of DTV and TW.
How bad is it? Look for a benchmark. Verizon comes to mind. An extremely quick look is showing $149B in debt - from the latest 10-Q?
Anyhow, that's how you tell how bad it is.
100%
His ego is so large, eating crow was LAST on his list!