Thread regarding AT&T layoffs

I'm guessing the answer is no, but is there a list of properties being impacted yet?

The maintenance on these old buildings is more than the value of the building in many cases. The only way they can sell them for any reasonable price is to sign a long lease.

These arrangements are typically “triple net” leases, where T is still responsible for all property taxes, building maintenance, and improvements. Meaning T is still responsible for mowing the grass and providing toilet paper. This is purely a means to provide a one time infusion of cash. If they use it to pay down debt, that can be helpful. If they use it to buy back stock, boo! Other than eliminating some dividends, that does nothing to improve the balance sheet.

Yup. The liquidation has begun. Get this old obsolete sh-t off the books. Too bad this wasn’t due a decade ago. Even VZ figured it out and dumped most of their worthless COs decades ago. Clown show in action. Buy high and sell low or give it away.

So the Clown Suite can show nearly 1B “positive” cash flow now…as always, zero concern for longterm health and bestinterest of the company. Captain Pajamas and his buddies get fat bonuses and the next CEO will have to sign ruinous leases on these same spaces or spend multi-Billions to move the equipment. Make sense yet? And the rubberstamp BoD continues to support this arsonist.

IBM Global Network did similar many years ago. Years later, the leases went up and the mismanagement decided to move all the equipment out of the private leased space. What they did not factor into the decision is the tens of millions it would cost in planning, telco facility moves and other expenses to move the equipment out. It would have been cheaper just to keep the property originally. These mismangement clowns have no clue how to run our business.

Another d-mb move by desperate Stankey.
We weren’t supposed to get rid of CO’s and lease them back to ourselves. We are repurposing them into next gen virtual co’s with white boxes in support of network function virtualization and software defined networking to bring agility, innovation and improved customer experiences to the network edge while slashing capex and opex. We could keep these next gen co’s and lease space to others and really rake in the cash facilitating IoT and 5G edge computing services. But no, Stankey sc--wed us with his big fat d-mb ideas and shackled us with debt. So what does he do yet again? Fat head Stankey decides to sell the farm to cronies for pennies on the dollar. He knows that these co’s are worth much more than this. While all of you believe they are old ugly co’s supporting copper, that is not how the rest of the telecom world views them. They are priceless. Even Microsoft is eyeing them. Thanks for showing your true colors once again Stink. Selling the company down the river piece by piece. You don’t fool me for one second.

“…what the F is CWA doing about it?”

Look I’m not a fan of the complete lack of strategic vision demonstrated by the Leadership of this company…that said, what exactly is it do you think the CWA can do about it? I’m not defending them either, but you need to realize that they have zero input into T business decisions. Same as you and I.

At&t is not hiding what they are planning. This is the start, but by 2029 they will rid themselves of legacy titles. COs will be sold off and att will lease portions of it for its fiber and wireless networks. This move elimnate hundreds if not thousands of CO jobs along with technicians that work on this plant.
Att was also public of removing uverse internet and replacing with fiber or AIR. The bigger question is now that we know this what the F is CWA doing about it. Nothing. They are collecting dues and padding their pensions.

72 locations this round. Next round ? locations. Before long, T will have no more assets to sell in order to raise cash, then what?

"Now maybe you’ll understand full buildings."

You did read that these were basically defunct COs across the country where the company is no longer servicing copper.
Per Mike "the people changer" Ford, "The uniquely structured deal unlocks value in otherwise stranded commercial real estate space."

Anything to do to let them buy back stocks and kick the can a little more.

I hope the bought a piece of the building I work in so maybe the restrooms and grounds won’t look like an abandoned building. 850 milllion buys a lot of supplies and service.

Now maybe you’ll understand full buildings.

now, maybe theyll keep the grounds neat and clean the nastiness inside.