Been for Randall and John.
TMobile - No Thanks
DTV - No Thanks
TWX - No Thanks
Preserve $100-$150Bbin Capital and plow just 1/3 of that number into Network Build and Assets.
Instead they thought they could step into the Batters Box against prime Nolan Ryan and hit home run. Always easy with other people’s money. The 3 No’s would have been there if it wasn’t a CEO but an Owner with his bank account on the line.
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It's a giant cycle. In 5 years, Wall Street will be upset that AT&T is just another d-mb pipe, and the next CEO is will have spend $$ to buy companies, layoff 30% of the employees to pay for it, and then undo everything when it doesn't work.
It's a job so simple an idi0t could have done it. Just continue to execute and expand at what this company has always been successful at.
But combine being a complete idi0t with an oversized ego surrounded by grovelling brown nosers and you end up with Randall and Stankey. A recipe for business disaster.
T could have used the DTV money to run fiber to all the homes in the 21 area. Bellsouth just got lucky on their deals going south- Sprint for 110b.
T wasted all that money on acquisitions, now we’re wasting it on videos of the CEO in his pajamas and getting hair cuts. God, wake me up from this nightmare.