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(Vox)   Cellular service and streaming services have been the biggest new business opportunities of this century. AT&T has proven they can't do either well. I can't look forward to their leap into AI driven electric car sharing fleets   (vox.com) divider line
    More: Fail, Donald Trump, HBO, Mass media, Telecommunications companies, Time Warner, world's biggest phone companies, AT&T, Reality television  
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294 clicks; posted to Business » on 17 May 2021 at 5:05 AM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



20 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-05-17 5:23:26 AM  
Just spitballing here subby, but im pretty sure that green energy and EV tech is the biggest business oppertunity of the century
 
2021-05-17 6:10:24 AM  
more money than sense chasing more money with cents.
 
2021-05-17 7:35:38 AM  
there was a reason Randall's exit from the company was so sudden and unceremonious.
 
2021-05-17 7:37:32 AM  
Why does every freaking article make it seem like they're selling warnermedia?  THEY'RE NOT SELLING WARNERMEDIA.

They're merging with Discovery to become bigger.

The only difference between now and what the previous CEO would've done is that they're simply not just gobbling up Discovery, which would cost another $20 billion and they don't want to go into more debt.  Instead, they're merging together.

So instead of AT&T owning 100% of a combined warnermedia+discovery, AT&T will own roughly 80% of a combined WarnerMedia+Discovery.  That's literally the only difference.

/No different than CBS and Viacom merging together.  And for the same reason.
//Expect this very fractured landscape to continue merging.
 
2021-05-17 7:43:57 AM  
I can see a Verizon equipped car. If you go past your mileage limit, you can only drive 15 mph.

Hope you aren't driving a fire truck.
 
2021-05-17 7:46:31 AM  

lifeslammer: Just spitballing here subby, but im pretty sure that green energy and EV tech is the biggest business oppertunity of the century


I have you farkied as "Elonslammer" so this post amuses me.
 
2021-05-17 8:13:09 AM  
Gotta make up for that $50,000,000,000 loss on DishTV somehow.
 
2021-05-17 8:21:37 AM  
AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.
 
2021-05-17 8:45:36 AM  

Erek the Red: AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.


Reminds me of the Bell Atlantic-GTE thingie... The one thing that saved them was their 50% ownership of Vodaphone, which turned out brilliantly for them. Even with the debt raised to acquire the remaining 505 of Vodaphone at the low rate they got? If anyone had any doubt about anything, I'd park 100% of my money in Verizon forever with that dividend.

AT&T just never survived the whole end of monopoly thing and break-up.

My dad worked for AT&T then Bell Atlantic then NYNEX and then took the $million buy-out like 2 years before the whole thing collapsed into Idearc Media and then *poof* gone.

It is kind of amazing how many bad deals they did and still were able to survive by being oligopolies for their regions, and then with Wireless, they are just able to keep the cash pumping in to fund all these shiatty deals.

At least with Verizon, their shiatty deals have been smaller in scale and less ruinous.
 
2021-05-17 9:15:20 AM  

Erek the Red: AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.


Cingular... I miss that cellular company. I never had any issues with them, and they had a decent phone selection; plus reasonable prices. Then AT&T bought Cingular, and jacked up the prices.
 
2021-05-17 9:19:39 AM  
Is there really a mobile carrier that is doing things right and not in debt?
 
2021-05-17 9:46:02 AM  

skinink: Erek the Red: AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.

Cingular... I miss that cellular company. I never had any issues with them, and they had a decent phone selection; plus reasonable prices. Then AT&T bought Cingular, and jacked up the prices.


Cingular bought the last bits of AT&T and got the rights to change the name of the merged company to AT&T. The current company is basically Cingular after it killed AT&T and started wearing its skin.
 
2021-05-17 9:56:38 AM  

Erek the Red: AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.


That is not really what happened.  As someone who worked there at the time.  At Cingular.

AT&T Wireless was a separate company from Cingular Wireless.

Cingular was a joint venture between SBC and Bell South who bought AT&T Wireless.

https://www.chicagotribune.com/news/c​t​-xpm-2004-02-18-0402180335-story.html

Then in 2006ish, SBC bought Bell South completely.

After the purchase was complete SBC changed their name(SBC) to the old AT&T name.

Also there was no need for expansion into the South American market.  They were already huge there, and not because "they do not like gringos".

AT&T was having trouble with their Uverse service as it was not in all markets, and frankly it was terrible.  AT&T figured that they needed to get in on triple play bundles, so they bought DTV.

DTV had an extremely loyal customer base and some pretty great tech.   However, after purchase, AT&T raised the prices on the older customers while offering better prices for newer customers.  Which pissed off a lot of people.  Plus their customer service went into the shiatter.

An example is if you called in because your remote needed to be replaced, or your box.  They would send you out one.  And add 2 years or a year to your contract.

Latin American has about 13 million customer and the US HAD about 13 million..

DTV customers. You have to realize that at most AT&T had about 5 million customers for their Uverse service.  DTV was a way for them to sell you a bundle.

So due to all of the above they started losing customers and they did not count on streaming services coming into effect, which was short sighted.  They tried to get on the streaming bandwagon and were even subsidizing Apple TV and Fire Sticks to keep customers but this really pissed customers off because they started selling the streaming service for 35 a month for which they normally charged their regular customers 8-120.

Latin America has the Mexican tech overlord Carlos Slim.

Carlos in the last 15 years has built out an impressive fiber network all over the place  and has localized prices.  Direct TV contracts in South America were written by the Marqui de Sade.  Oddly, enough they have not really lost any South American customers but they have been losing a shiat ton here.

/Worked at Direct TV when it launched.  Worked at Bell South, Cingular, and AT&T and also happened to be a citizen of Panama and Colombia.  So yeah I am more than familiar with the entire topic.
 
2021-05-17 9:59:19 AM  

jake3988: Why does every freaking article make it seem like they're selling warnermedia?  THEY'RE NOT SELLING WARNERMEDIA.

They're merging with Discovery to become bigger.

The only difference between now and what the previous CEO would've done is that they're simply not just gobbling up Discovery, which would cost another $20 billion and they don't want to go into more debt.  Instead, they're merging together.

So instead of AT&T owning 100% of a combined warnermedia+discovery, AT&T will own roughly 80% of a combined WarnerMedia+Discovery.  That's literally the only difference.

/No different than CBS and Viacom merging together.  And for the same reason.
//Expect this very fractured landscape to continue merging.


It'll still be a standalone company. Yes, AT&T will be the (vast) majority stockholder, but it'll be much easier for them to divest if things start going south, they need the cash or just get bored.
 
2021-05-17 10:02:27 AM  

Mad_Radhu: skinink: Erek the Red: AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.

Cingular... I miss that cellular company. I never had any issues with them, and they had a decent phone selection; plus reasonable prices. Then AT&T bought Cingular, and jacked up the prices.

Cingular bought the last bits of AT&T and got the rights to change the name of the merged company to AT&T. The current company is basically Cingular after it killed AT&T and started wearing its skin.


Again, this is wrong.

Cingular=SBC and BellSouth - it was a joint venture

2004 Cingular bought ATT Wireless(I was working at Cingular at the time)
2005-6 SBC bought Bell South lock stock and barrel as SBC and then rebranded with the old AT&T name.
 
2021-05-17 10:09:45 AM  

theflatline: Mad_Radhu: skinink: Erek the Red: AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.

Cingular... I miss that cellular company. I never had any issues with them, and they had a decent phone selection; plus reasonable prices. Then AT&T bought Cingular, and jacked up the prices.

Cingular bought the last bits of AT&T and got the rights to change the name of the merged company to AT&T. The current company is basically Cingular after it killed AT&T and started wearing its skin.

Again, this is wrong.

Cingular=SBC and BellSouth - it was a joint venture

2004 Cingular bought ATT Wireless(I was working at Cingular at the time)
2005-6 SBC bought Bell South lock stock and barrel as SBC and then rebranded with the old AT&T name.


To be fair to everyone... what happened to the Bell System as a whole is probably one of the most confusing things in business history. There have been so many mergers and take-unders/overs name changes failed deals... it's really insane. Just think how many billions of dollars has been spent to change all of the logos each time they changed names.

I need to get into the sign/logo business.
 
2021-05-17 10:14:38 AM  

theflatline: Mad_Radhu: skinink: Erek the Red: AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.

Cingular... I miss that cellular company. I never had any issues with them, and they had a decent phone selection; plus reasonable prices. Then AT&T bought Cingular, and jacked up the prices.

Cingular bought the last bits of AT&T and got the rights to change the name of the merged company to AT&T. The current company is basically Cingular after it killed AT&T and started wearing its skin.

Again, this is wrong.

Cingular=SBC and BellSouth - it was a joint venture

2004 Cingular bought ATT Wireless(I was working at Cingular at the time)
2005-6 SBC bought Bell South lock stock and barrel as SBC and then rebranded with the old AT&T name.


That's kind of I was saying. AT&T was basically the same corporate management that ran Cingular, only with the name changed to AT&T.
 
2021-05-17 10:33:22 AM  

Mad_Radhu: theflatline: Mad_Radhu: skinink: Erek the Red: AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.

Cingular... I miss that cellular company. I never had any issues with them, and they had a decent phone selection; plus reasonable prices. Then AT&T bought Cingular, and jacked up the prices.

Cingular bought the last bits of AT&T and got the rights to change the name of the merged company to AT&T. The current company is basically Cingular after it killed AT&T and started wearing its skin.

Again, this is wrong.

Cingular=SBC and BellSouth - it was a joint venture

2004 Cingular bought ATT Wireless(I was working at Cingular at the time)
2005-6 SBC bought Bell South lock stock and barrel as SBC and then rebranded with the old AT&T name.

That's kind of I was saying. AT&T was basically the same corporate management that ran Cingular, only with the name changed to AT&T.


Bell South management ran Cingular, because it was mostly based on the east coast, with the brunt of users being in the SE.

The original AT&T wireless(I worked the transition) actually had better management than Bell South(and Bell South was pretty farking stellar.

When SBC took over the whole shooting match is when their management took over. It was a complete nightmare.
 
2021-05-17 11:24:55 AM  
NewportBarGuy:
To be fair to everyone... what happened to the Bell System as a whole is probably one of the most confusing things in business history. There have been so many mergers and take-unders/overs name changes failed deals... it's really insane. Just think how many billions of dollars has been spent to change all of the logos each time they changed names.

There really needs to be a flowchart of this shiat...
Fark user imageView Full Size

Source (from 2016): https://www.theverge.com/2016/​10/24/13​389592/att-time-warner-merger-breakup-​bell-system-chart
 
2021-05-17 11:32:41 AM  

theflatline: Mad_Radhu: skinink: Erek the Red: AT&T did the same thing with their highly profitable Cingular mobile phone service back in the early 2000s.

Then AT&T declared bankruptcy, and Cingular bought up the profitable parts and became the "New AT&T" that we have today.

"New AT&T" right now is swimming in debt ($155B to $165B, depending on which financial analyst site you look at), and hasn't been able to pay it down in the last 24 months.  The Direct TV deal didn't pan out, the expansion into Central and South America was never going to work (they don't like gringos in their markets down there for some banana republic reason) and the FirstNet idea, while great on paper, only works if hospitals and first responders have to bust their budgets on PPE due to COVID.

Cingular... I miss that cellular company. I never had any issues with them, and they had a decent phone selection; plus reasonable prices. Then AT&T bought Cingular, and jacked up the prices.

Cingular bought the last bits of AT&T and got the rights to change the name of the merged company to AT&T. The current company is basically Cingular after it killed AT&T and started wearing its skin.

Again, this is wrong.

Cingular=SBC and BellSouth - it was a joint venture

2004 Cingular bought ATT Wireless(I was working at Cingular at the time)
2005-6 SBC bought Bell South lock stock and barrel as SBC and then rebranded with the old AT&T name.


SBC bought AT&T (the long distance company) that was losing money to companies bundling local and long distance. SBC bought AT&T and took the more established name. A year or two later, SBC/AT&T buys BellSouth.
 
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