This is a natural fit, but how does this impact Visible?
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Tracfone Sucks, it really does.
Tracfone acquisition looks like another aol/yahoo blunder. Vz lost $3-$4 billion with aol and yahoo. That’s real shareholder money they pssed away.
if u don't like VZ, leave. you are still with VZ because u can't find a job outside and/or you find VZ better than others based upon your skill set
What a waste of $6 Billion dollars
This deal is an obscenity to the shareholders. What value does this deal have to them when they were already collecting from a sketchy provider. Now we OWN that sketchy provide; now watch all of their net adds and revenue melt away. There really is no reason for the BizDev group, who have done nothing more than bleed cash flows and add carry forward tax losses.
Nope. These RIFs are for the 5yee MM Wave that did not go according to plan, and the datacenters that shouldn't have been sold, so that we could sell more dark fiber than we have been able to, plus the hoohah that turned out to be Yahoo. But most importantly, to change the complexion and the culture behind the faces at the company.
Did all the RIFs help pay for this?
There really is no excuse for this. Buying your wholesale customer in the US wireless market and letting the world know that you are pimping out your once famed network to your cable competitors and low-rent providers. Why should our customers continue to pay a premium for our services? Why not just pick them up on the cheap from Comcast, Visible, or Tracfone?
This is just them finalizing something announced a year ago. When i think tracfone I think burner phones. Visible isnt really the burner phone.
This is just them finalizing something announced a year ago. When i think tracfone I think burner phones. Visible isnt really the burner phone.
"TracFone is a longtime partner of Verizon, and more than 13 million TracFone subscribers relied on Verizon's wireless network at time of the announcement through an existing wholesale agreement. ... Verizon expects the transaction to close in the second half of 2021."
It is a race to the bottom, picking up low value, pre-paid customers. How is overpaying for prepaid customers, known for price loyalty not customer loyalty good for the shareholders?
In the immortal words of some wise investment banker counselling new dot bo-b era CEO's: "when you don't know what to do, do a deal!"
How has any deal apart from taking out Vodafone benefited the shareholders? Not one has been profitable over the long term.
Paying $7B because it works on trolleys too.
Tracfone lost 500k subscribers in q2 and vz is still paying almost $7b. Tracfone doesn’t even have their own network. This is feeling like another yahoo or bluejeans acquisition.
What is a Tracphone? A phone that only works on trains?
It is a competitor of Visible, just like Comcast, ALL of whom are selling the exact same VZ Network. Except Comcast and Visible both have SLAs and sell at less than VZ for the same service. This is the smart thinking leading the company into bankruptcy.
Before long VZ will Be GOOG.
VZ continues its self imposed race to the bottom on pricing and service. There is nothing unique about the Verizon Network anymore, which we sell to almost all competitors who brand it as their own and charge less than us.
Smart Hans. Very smart.
Yeah.