Despite regulatory and public opposition, all of their claimed deal benefits being repeatedly proven false (largely by their own data), and a private acknowledgement that the deal has very little chance of success at this point, AT&T continues to publicly insist that the T-Mobile deal is moving along right on schedule. Speaking at an investor conference this week, AT&T Chief Financial Officer John Stephens says AT&T is still pursuing the sale and money really isn't an issue:
quote:AT&T plans to use the $10 billion cash it had accumulated on its balance sheet to prepare for the closing of the T-Mobile deal, Stephens said. In addition, the company has a $20 billion bridge facility and an $8 billion backup in place. "So we clearly have an ability to close the deal very quickly and have those resources," Stephens said. "That is the plan."
Maybe they are planning to click their shoes together and repeat over and over "the deal will happen, the deal will happen". Either that or a substantial portion of that $38 billion is being redirected to bribes/payoffs politician "education". -- I support the right to keep and arm bears.
Maybe they are planning to click their shoes together and repeat over and over "the deal will happen, the deal will happen". Either that or a substantial portion of that $38 billion is being redirected to bribes/payoffs politician "education".
the way things work now is in soundbites. You just repeat your talking points no matter what. Someone asks you a question just repeat the talking point over and over and over. Sadly it works with most people -- Lakewood Accountability Action Group | »www.LAAG.us | Demanding action and accountability from local government
Gee AT&T, I wonder how you managed to accumulate all that money.... How about a hint?.... It's because you've been sitting on network upgrades and buildouts.
AT&T: 15 LTE cities online by end of 2011 vs. Verizon: 190 LTE cities online by December 15
As of December 5th, Verizon marked its 1 year deployment anniversary for LTE. Hey AT&T! Verizon did this in a year. What have you been doing?
AT&T has really dug itself into a hole in this town. I don't think anyone even wants its cupcakes anymore: »www.weeklystandard.com/blogs/bus ··· 064.html -- "We're going to start at one end of (Fallujah), and we're not going to stop until we get to the other. If there's anybody left when that happens, we're going to turn around and we're going to go back and finish it." Lt. Col. Pete Newell: 1st Inf. US Army
With AT&T falling dead last in the Consumer Reports nationwide test report.
Also the statment "AT&T didn't make the number-one spot in any of Consumer Reports 22 listed U.S. metropolitan areas.". With this being the second year to get a poor report card shows that the network is not top priority.
Until they start losing customers they will go on as is.
How so? Honest question. Several people like to repeat the "we need to break up Ma Bell again" rhetoric, but I'd really like know how people seriously envision dicing up AT&T and what they realistically expect to gain from such an action.
That is an interesting question. I really don't see a point to breaking them up. Before any break up it is basically operating as a duopoly in the local phone market, a duopoly in those markets it offers TV/internet in, and faces very little competition on the cell phone front. Post break up it would be...more or less the same. Just smaller geographic companies depending on how it is broken up. I guess you could separate the local phone/ISP from the cellphone. Either way I don't see it making a difference. What I would like to see is break up of the infrastructure from the delivery companies. Both cable and telco. Given the legal issues and cost involved in that, I don't see it as a viable option either. Another possibility is forced opening of the networks, but I don't know of any company with enough money to buy that many Senators and Members of the house.
what were the ceo's taxes? lol. 5%...likely less that warren buffett's secretary. if not better call congress and get that fixed -- Lakewood Accountability Action Group | »www.LAAG.us | Demanding action and accountability from local government
Income tax expense decreased $7,253 in 2010 and increased $8,301 in 2009. The decrease in income tax in 2010 resulted primarily from a settlement with the Internal Revenue Service (IRS) related to a 2008 restructuring of our wireless operations, which decreased our income taxes by $8,300. This income tax benefit was partially offset by a $995 charge recorded during the first quarter of 2010 to reflect the deferred tax impact of enacted U.S. healthcare legislation (see Note 10).
Since AT&T and Verizon both run their business according to the Attila the Hun school of business, it is really a choice between evils in selecting a company. Many of us went to AT&T because of iPhone and remain there because going to Verizon is not acceptable. I find the continuing blathering about both companies wasted words and time. They both suck but not as fully as the alternatives. If you really want to improve wireless service in the USA get rid of all the arrogant as**oles in Washington and in each state capital. Have a nice day -- My perception is REALITY