Ten years ago, T was trying to buy T-Mobile. Now, T-Mobile has beat T in just about every way. How did this happen? T-Mobile do it? Or did T do it to themselves?
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The answer is FOCUS.
T-Mobile, Voicestream, Omnipoint, Western Wireless (they have had many different names), whatever name you want to use has always had focus on their business - wireless telephones....
SBC has bought so many different businesses from the failed real estate businesses in the '80s and failed long-distance company (AT&T) and media flops (CNN,Time Warner, etc) and satellite tv, etc., etc..
With each new CEO that wants to "make their mark" it just gets worse. They need a CEO that wants to make the company the best instead of the biggest.
They need to pick one business and become the best at that one business and split all the others off.
I was there when Sprint bought Clearwire. All the lawyers came running out of their offices proclaiming the wireless game is over, because he who owns the spectrum owns the world. Sprint was suddenly sitting on more spectrum than At&t and Verizon combined. Domination of the U.S. wireless market has been pretty predictable ever since. Now, all T-Mobile has to do is start lowering prices. The price war has started.
Leadership that are all id--ts!
TMobile is owned by DT, a wireline company in Germany. Because it’s an American business it’s in the American stock exchange. We could split wireless off into its own company but you have 3.5 billion shares to go along with it. That’s 3 times what TMobile currently has outstanding. Plus, with all those profits, you have to pay the dividend and all that debt it took to ramp up wireless. It could happen but it would be an expensive undertaking.
Well, owning and maintaining the dead-weight of the Wireline infrastructure didn't help. When you start as a Mobility company, you win.
Being paid 4 Billion and given priceless spectrum is a pretty effective way to help out a competitor.
And NO ONE here was ever held accountable or fired for that failed vision and execution.
Steal a stapler and see what happens to you.
Nobody should let go of the T-Mobile debacle from ten years ago. The fact is, that was a catastrophic failure from our leadership, some of whom are still working here. If we had a decent board they would never of let stank near the
wheel of this ship.
But again, none of us should let $7billion go, even a decade later.
The Spectrum and money T gave them helped, but the biggest reason they have surpassed us and VZ is that they have no legacy products holding them back and of course the fact that T-MO has MUCH BETTER LEADERSHIP.
T-MOBILE has outstanding leadership and the capability of creating and executing a plan! AT&T has none of this!
Lets not forget about all the solid Mid-Band spectrum we paid them since we were short on cash. TMO 5G network brought to by AT&T. Randalls gift that keeps on giving.
Great Leadership.....
7$ Billion of FREE $ from T a n 2011-12, Then the DOJ said no to the merger! 2 quarters later, big surplus!
Some people can't let go of something that happened over 10 years ago.
T-Mobile have better workers from the top on down.
Randall handed them a pile of spectrum and a few billion dollars. That's how.