Looks like the deal is about done! AT&T to sell off their ILEC copper assets and services and retain all Fiber assets in all States outside of California. Will be interesting to see how they continue with out California revenue.
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Why is this information only here? Not posted on any financial or business websites.
The forum has drawn the attn of pump&dump algorithmic traders. These clowns post troll rumors all over the internet in an attempt to trick trading algorithms into buying and selling. Many of these track google hits and forum posts. Hence you get BS posts like this.
It may be totally possible to spin off certain parts of the business at some level. At&t is happy with the out of region footprints and how they are ran. The big issue is dealing with all the bloat of "in-region".
There are tight lips at the top right now. This thing is only gonna get bigger.
@1qre+1nsuy0Py not all. They kept the profitable NE states. 14 states sold in 2010 and another 3 in 2015, plus some cell towers.
Not surprisingly at all as they had a plan communicated a couple years ago to decommission at minimum half of its legacy copper network Nationwide by 2025
Won’t break my heart California is a pain to deal with.
HELP: If true, what happens to retiree only concession of $20 per month POTS with free LD, caller ID, voicemail, ...
My only useful concession.
We sold the cell towers and then Leased them back for 25 years. Not a far fetched as some think. People we have way too
Much debt and will sell and lease back what ever we need too. No brainer for the bean counters and Wellday
Years ago, Verizon sold all their copper services to Frontier and threw in some fiber markets like Tampa. Frontier ended up filling bankruptcy of course. It's possible.
Need to say, Lumen Technologies. Centurylink was bought by them.
Sell off the unprofitable part of the business. Adjust the business needs as necessary.
Retain fiber assets outside California? What assets are those? Buying Centurylink?
Somehow I think T abandoning California in terms of high-speed internet isn't a choice Stink made, but one that was essentially forced on him
California has four major population centers:
- Greater LA
- San Francisco Bay Area
- San Diego
- Sacramento
Between these four the population is more than many states. Yet T's broadband footprint in these areas is minimal. For example, in the SF Bay area, T offers speeds up to 5 GBps, yet both T-Mobile offers between 30 - 250 GBps. I live in West Los Angeles, and T isn't even offered here.
The mergers with DTV and TW have distracted T to the point where they are a generation behind other ISPs in terms of fiber footprint and other mobile carriers in terms of 5G.
Another Stink accomplishment!
We currently have LECs co-located in our COs. We will just build a bigger cage for them to work in.
Actually they will sell off the POTS lines. The poster is right on target.
Millions of copper splices filled with sand, thanks to the 3 day OPT Training provided by the company, Certified!!
Disinformation
Not happening..Who would want to buy garbage....BS
Are they going to rip it out of the ground and sell it to the same folks who buy copper coils from air conditioning thieves?
@jix+1nsuy0Py = typical engineer with no business sense whatsoever…
Clickbait. It always makes me cringe when people come here and spout BS about selling off the “copper” network. It’s clear they haven’t a clue about our wireline access infrastructure at all. Zilch. Nada. Zero. It’s impossible to segregate just the physical OSP copper cabling infrastructure and offload it to another company. It’s a total loss from an asset perspective unless you’re transporting products and services across it and those originate at a physical level at the wirecenter serving CO.
Lest not also forget a substantial portion of F1 feeder copper is pneumatic to this day and will continue to be until it’s permanently retired.
If AT&T does this in certain areas, it would be an all or nothing event in that they would relinquish all assets as part of the sell off and someone else would take over as the incumbent (ILEC). AT&T would most likely only keep local PoP (Point of Presence) facilities, Wireless infrastructure (Base stations and MTSO’s/MRSO’s) and cRAN.
Wow, this poster has scooped the media and everyone. Fascinating!