Now that the sale is off the table, what happens to the fiber business? We know small cell is wrapping up but something has to happen with the fiber customers.
19 replies (most recent on top)
It is not off the table. Due diligence is taking place as we speak. Layoffs are still happening in network, just more quietly. Even SP Cafe staff is not immune, several were laid off last week. I feel something else is happening also, but not sure what. And I really don't give a damn, this place is so toxic you can almost see the green vapor emanating from the SP buildings.
The fiber review is complete. They've laid off hundred of people, closed offices, etc... You think it takes longer than that to decide if a line of business is profitable? It's complete, it's been complete, they are asking too much for the sale and no one is taking it.
A lot of angry fiber people in these comments
The new company buying fiber and small cells offers pet insurance, gym memberships, flexible work week, unlimited PTO, etc. All things the failing CC can no longer offer.
I heard people that come on this site for facts also complain about not having pet insurance
I heard fuzzy wuzzy was a woman.
All of you “I heard people” need to either back up your d-mb a-s comment with a source, or shut the fu-k up
I heard if they don’t find a buyer by end of this quarter they are going to stop building and turn off what they can. While they shop it around. No point in continuing an operation that no one wants. Then start to sell it off piece meal since no one wanted it all.
It’s not off until they announce that the review is complete and that they aren’t selling/an investor has been secured
Fake news. The sale is definitely happening.
They issued like a billion is notes at a lower rate for a longer term to pay off some of the Commerical paper that is due at 5.8%. Read an SEC filing before you read the bs on this site. It lower its interest costs, extend its debt maturity, improve cash flow predictability, reduce refinancing risk, and gain operational flexibility. Now with rates going lower and even a .50 cut potentially coming crown will continue to be in a better position as our dividend will be above a govt back bond.
The fiber sale is what???
I can’t take the suspense…do you people even know what you’re talking about!
No. No it is not.
Read between the lines.
Sounds like they're just trying to refinance debt at lower rate. Not really going to change anything but make the financials look better for you know the shareholders. Because that's really what matters the most. In my not so professional opinion .
Yeah with interest rates dropping they are going to go full ham with fiber. Apparently going to hire everyone back and allow them to hire a family friend too. And pet insurance open enrollment starts Tuesday. We are back baby! PURPLE!
Off the table?? Anyone got details?
Did I miss something? Bot selling now?
It's off the table now,