I have seen presentation packaging up Cricket, Prepaid, and MVNO as a deal to Private Equity. Everything is on the table to throw at the debt mountain.
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"Sell off the unneeded business. Right size the company. Go Stankey."
There seems to be this same unwitted (C-suite?) guy that kept posting in every thread advocating selling unneeded business and getting rid of unneeded workers. Maybe he thinks he's the only one needed?
Anyone who rooted for the shrinking of business and the downfall of others is unneeded in any place. Please remove yourself first.
Sell off the unneeded business. Right size the company. Go Stankey.
Cricket and Prepaid just got hit with a 25% surplus last Friday. Thinning the ranks before a possible sale.
I'm sure T will sell anything they can to try and show they are making "progress". Logic nevrler enters their which is why we are in the situation we are in.
Can we sell Stankey and the BoD?
Cyber will likely sell I think. T execs don't mind selling horrible investments at huge losses. It's not their money after all. It's easy to burn up other people's money. Just ask any politician. When cyber sells, it won't pay off a tiny fraction of t debt, but hey, that's where this company is. Dump, dump, dump. Assets and people. Doesn't matter to execs. They haven't met a cost savings lately they don't love. Logic is no longer a consideration.
THis is B.S. Prepaid / Cricket / MVNO is a $10B per year cash cow for AT&T - they wont sell it
att was always buying software instead of developing it themselves.
So the cost will be ,much higher.
They did spend money developing Q, but what did they do they do? They scrapped it for an inferior product, mircosoft chat. Those persons with conflicts of interest who own mircosoft stock are still making decisions.
Assume everyone saw the February Reuters article and multiple other news sources announcing T is shopping the cybersecurity division. Bought AlienVault in 2018 for $600m a company producing $50m in revenue, another in a long line of stellar acquisitions…but evidently no buyers will come close to the asking price, imagine that?
Should sell off DirecTV and Warner.
why are you betting the farm on Fiber and 5G
We have a huge advantage over other companies because of our core footprint. It's a good starting place.
From there we can start branching out slowly again.
I just wet my pants because I heard the word "debt"
Smart business move..
For all the down voters…yeah never mind, things will be just fine…..lol
There will be an infusion of revenue from the broadband initiative
Well there goes Randy's " content ".......... lol
If this happens in the next year, does this mean we do not get our severance?
For example, I am have until 2025 to move to Dallas. Parts of the company gets sold early 2024. Am I screwed for my surplus?
This is bull. MVNO is resale of our mobility network. We are not going to sell that so someone else can manage our network. I don’t see us selling pre-paid/cricket either because it compliments postpaid. We still have 70% of DTV, Mexican wireless assets and non-core assets to sell.
So interesting to see that we are becoming a "PipesRUs" business. A few years ago we stated we didn't want to be the d-mb pipe....we wanted content, security, advertising, and a host of other services loaded on top of that and going through our pipes...
Question to John, and the AT&T Strategy Team....why are you betting the farm on Fiber and 5G,,,two commodity businesses where you have no pricing power and Google and others threaten to move in and make it even more competitive????
Pls explain how AT&T Fiber and Mobility is better than the competition....sadly it's not because both are commodities and Wall street has told you so with a $14 stock price...
Get new leadership and a new BOD to save this once great company.
Accurate. Everything except T Mobility and Fiber. These will remain but will look more like a wholesale house with resellers marketing directly to consumer and business. The only direct T resources will likely be Government resources due to contract language. If they can pull this off relatively quickly, 18-24 months , the company will begin to thrive and pay down significant debt. This is the only viable path to survive, otherwise T will be nothing more than a brand logo on hot tubs and toasters.