ATT announces the sale of Vrio so it can focus on Fiber and 5G. Standby faithful folks as this will unlock shareholder value. Hope the stock gets back to its highs of $29
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I’m sure AT&T will give her a nice relocation package and buy her a home in Highland Park!
"... sale will trigger a $4.6 billion accounting charge, which includes $2.1 billion tied to "accumulated foreign currency translation adjustments. ... AT&T spokesman said the transaction carries an enterprise value of $500 million"
I'm no expert, reading between the tea leaves, this is a huge loss.
This explains Melissa’s return
arnoldi from a normal director in an IT setting to operations president in months, with no network exp, to an international exec. donovon must have been a happy guy
Dude, I hope you mean T stock highs of $39, not $29! It’s been stuck in the $29 range since Covid hit.
Finally a business move that will put T on the nosecone of a missile going straight up!
The best part is that all of us will see the reward. So, have no fear, T-employees. With this deal you'll all be able to afford to buy your own ph@llus-shaped rocket so you can take your own trip into space*, and still have enough leftover for a few islands, several yachts, and a handful of vacation homes in Tahiti, Lake Como, Aspen, and the USVI.
Thanks, Stink! You really do care about your people.
*Cowboy hat not included.
Arnoldi was saved. They announced her return 7/1. Now EVP Chief Customer Officer
Pretty soon, Stankey will be driving around in a dump truck harvesting aerial copper wire to sell for scrap.
Goodbye, Melissa Arnoldi. We'll miss your articles about choosing to move closer to HQ to grow our careers.