I was speaking with several friends, who work for a few investment firms, and they were certain T-Mobile will buy Lumen.
With the most recent layoffs Kate and SLT could be setting up the company to sell.
A lot of effort is being placed on automation to clean up the network and those daily task to keep the hands out of the network.
It will be interesting to see what comes about.
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If US West had just kept their Cell Service and advanced it instead of selling it to Air Touch this company would be rolling in free cash. This has always been a company 5 years too early and 10 years too late. To be purchased by a wireless company now would be a waste of time and money for both companies. You dont invest any money with those finance friends do you?
If anybody buys Lumen, Microsoft might be a good company to look out for
Also to add Lumen has the around the lowest goodwill it's had in years as they wrote off $11B in GW this year as well...
LOL, no.
T-Mobile doesn’t need Lumen’s uncertainties. It has been doing great compared with others in the industry and also has a ton of debt they aren’t going to increase with all their accumulated goodwill.
Lumen’s assets will be in clearance at some point.
That was such a miss by Management! That tells the story…
Hmmm that would be ironic.
Sprint spun off their LEC-which became Embarq —->
Embarq acquired by CenturyTel —>
CenturyTel rebrands to CenturyLink—>
CenturyLink acquires Qwest, Savvis, etc. etc. then Level3 —>
2020 CenturyLink rebrands to Lumen (see how that “transformation” worked out?)—>
2020 T-Mobile acquires Sprint
haha if T-mobile acquired Lumen, though I doubt it. I worked through all of it, beginning with Sprint and was riffed last month. I think it was time to leave and feeling good.
This company was/is a superhero driven environment and they just keep letting go of the folks who keep them above water from day to day.
Then bring in the wrong people to save the day. Except they can't.
The superheroes are certainly gone! You know the ones that made others careers thrive and then were thrown under the bus by Management? All gone! Fend for yourself Yes men! How did that work out for you?
T-Mobile will find that if they acquire Lumen ... it will destroy them.
You can't fix the problems that Lumen has. Stay away, stay FAR away.
Why? Because the toxic dose was already given over the last 13 years of bad management and toxic mismanagement.
Now the experts to save it are gone and remaining superhero(s) are not enough.
The only way to acquire Lumen is after bankruptcy which isn't that far away based on everything I know and see going on.
Lumen has the least amount of debt and equity that it has ever had. $18B debt and $1.3B equity. Tmobile could easily acquire Lumen for enterprise value of $25-26B, they are foolish not to do so! I believe CenturyLink acquired level3 alone for $34B enterprise value.
Just because your friends clean the toilets at some brokerage company doesn't make them insiders.
Lumen isn't for sale as a whole. There's too much debt. Either part it out or bankruptcy to wipe it out.
Tmobile would be foolish not to acquire Lumen! It's a perfect fit! They need the enterprise business more than anything!
T Mobile already controls Lumen.
That would be awesome, this leadership stinks feel like a HS club