Verizon secured a minority equity stake in prepaid carrier MobileX by converting an existing loan into equity. This transaction coincides with a broader $200 million deal where EchoStar chairman Charlie Ergen's special-purpose acquisition company, CONX, is acquiring a controlling stake in MobileX
https://www.phonearena.com/news/mvno-mobilex-sold-to-charles-ergens-spac-conx_id182632
So who are we not buying or partnering with?
Buy more companies and slash more jobs.
@b4 I've always heard if you sleep with dogs, you wake up with cr--s.
Wait, no... Fleas. It's fleas.
If you lie down with dogs, you get up with fleas.
@b4 Don't know how to process that. It's like this is all a keystone cops style parody of how to run a business. The Office was a comedy not a "how to" guide.
Charlie is worst than Dan. Yes, it is possible ... He NEVER lost in a deal, and everything he touched went sideways ( of course, Charlie was always the winner ). So, bad news for the board...
@OP Maybe someone can explain it here. I'm losing track of what is happening with so many moving pieces. Verizon suffers from a series of bad decisions so it restructures. Part of the restructuring appears to be to juggle as many ba--s as possible.
In the last 12 months we have purchased, acquired or partnered with:
Frontier Communications: Completed a massive $20 billion acquisition on January 20, 2026, vastly expanding Verizon's fiber network footprint across 31 states and Washington, D.C.
Carolina West Wireless: Reached a deal for an undisclosed amount in June 2026 to acquire a smaller, shutting-down 35-year-old regional wireless competitor to absorb remaining operations and spectrum.
Google: Signed a $1+ billion dark fiber connectivity deal in July 2026 to supply high-capacity infrastructure for Google's data centers.
BT Group: Agreed to merge their respective international enterprise operations into a 50:50 joint venture, alongside a $625 million equalization payment from Verizon.
AST SpaceMobile: Invested $100 million into a strategic partnership to support direct-to-cellular satellite broadband integration in October 2025.
All while cutting the people you would think would be needed to juggle all of those ba--s effectively.
@ag Can't speak to the full context of your reply and I don't know who Charlie Ergen is but "error" and "Verizon" in the same sentence sums it up pretty well. Seems to be a pattern of poor decisions.
This is no more significant than a rounding error for Verizon.
Having said that, I’d be wary of any deals that Charlie Ergen is involved in.