The Charter-Cox merger will make this happen, I think. AT&T and Verizon are moving in the same direction. And Lumen wants to cut bait on Mass Market. No secret there.
And no, I don't have a crystal ball.
21 replies (most recent on top)
Just a reminder that if you are an institutional investor, you like the job that Kate Johnson is doing. Legacy telecommunications is a zombie. It's dead and yet it still brings in revenue..........for other things like voice in the cloud. Lumen will do fine, employees maybe not so much so have options in your career life. Remember this whole process is going to take a year.
“Why would AT&T or Verizon want Lumen’s cr-ppy, poor customer experience, bad Mass market solutions? They are mainly focused on 5G and 6G wireless and getting out of the low value fixed line services. Mobility spectrum is the market future which is nothing that Lumen does.”
The guy working in the cellular store at the local strip mall is not good at this business thing.
But but but…..they don’t want the useless fiber. All they want is cellular customers. At least that’s what I’ve read from the experts here.
Don't forget edge compute!
Bankruptcy and fire sale.
So let’s recap all the great units that was to save our company.
Prism, FTTH, AMO and Quantum Fiber
All failures!
Now it’s dark fiber and the cloud.
What’s the prediction now?
ATT bought Lumen fiber !
10min ago
AT&T agrees to buy Lumen's consumer fiber business for $5.75 billion in cash
Reuters
10 mins ago
By Milana Vinn
(Reuters) -AT&T (T.NaE) has clinched a deal to acquire Lumen Technologies' (LUMN.NaE) consumer fiber operations for $5.75 billion in cash, the companies said on Wednesday, as the wireless provider adds further scale to its national fiber footprint.
Buying the unit will gain AT&T (T.NaE) 1 million fiber customers, as well as significantly expand its fiber-network operations in Denver, Las Vegas, Minneapolis-St. Paul, Orlando, Phoenix, Portland, Salt Lake City and Seattle, according to an AT&T (T.NaE) statement.
The sale of its consumer fiber assets, first reported by Reuters, allows Lumen to focus on growing the company's enterprise fiber business, Chris Stansbury, Chief Financial Officer of Lumen, told Reuters in an interview.
The cash proceeds from the sale will help Lumen trim its debt pile by $4.8 billion and enhance cash flow by reducing interest expenses by more than $300 million annually, according to Stansbury.
They just did
Charter bought Cox to make largest cable provider.
USA Today analyzed enterprise broadband providers. “Key takeaways
Our expert picks for the best business internet providers include cable and fiber internet from AT&T, Spectrum, Verizon and Cox.”
Most like more voting rights for class a.
Why are all the execs submitting stock forms for 50,000 "A" shares?
What does Microsoft + Lumen do? AI domination
Watch the TV world around us
Severance - Think about the synchronicities
How that might fit like a glove
If was a gambler. Might double down
“Chris Stansbury said the fiber business was "a great asset, but an asset that is probably better suited in somebody's hands that has a wireless offering."
Why? Because that wireless needs the fiber to survive. Love it when someone posts a quote and defeats his own argument. Lmao
“only buying these customers to convert to wireless. These responses have no idea of the industry or any strategy.”
Pro tip: They can have all those as wireless customers right now. No need to spend billions of dollars to buy a region to gain wireless subscribers. You’re a broke day trader aren’t you.
"The company has been exploring options for the mass markets business, which houses the fiber operations, since earlier this year. At the Bank of America Leveraged Finance Conference earlier this month, Lumen Chief Financial Officer Chris Stansbury said the fiber business was "a great asset, but an asset that is probably better suited in somebody's hands that has a wireless offering." Exactly...need the wireless side as poster said...only buying these customers to convert to wireless. These responses have no idea of the industry or any strategy.
"Why would AT&T or Verizon want Lumen’s cr-ppy, poor customer experience"
Because unlike you they know the fastest cheapest way to transmit data is the fiber networks. All the better if theyre already in place. The only way to expand their fiber networks is to buy up another telco and get their territory and captive customer base. More regions, more fiber, more customers, more data, more money. But maybe youre correct. I mean, its not like theyre multi-billion dollar companies and youre just some guy on a company lay off forum who thinks he knows their strategic direction.
“Why would AT&T or Verizon want Lumen’s cr-ppy, poor customer experience, bad Mass market solutions? They are mainly focused on 5G and 6G wireless and getting out of the low value fixed line services. Mobility spectrum is the market future which is nothing that Lumen does.”
You’re clueless! There’s a reason Att, Verizon and TMobile are buying up and expanding fiber networks. Stick to day trading. You don’t know anything about this business.
https://www.lightreading.com/fttx/losing-lumen-to-at-t-could-doom-t-mobile
Food for thought
FTTH bundles with wireless significantly reduce churn of wireless customers... Hence why VZ is acquiring FTR and TMUS has been doing JVs for Fiber. The FTTH market is expanding not contracting!
Why would AT&T or Verizon want Lumen’s cr-ppy, poor customer experience, bad Mass market solutions? They are mainly focused on 5G and 6G wireless and getting out of the low value fixed line services. Mobility spectrum is the market future which is nothing that Lumen does.