99 year leases on 1f to VZW.. frontier purchases. Selling dark fiber, how long before the wireless side is divested? Clearly they keep reducing non union employees numbers to make it a much more appealing sell and locking in the fiber leases secures revenue. The ducks are in a row
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@a8 So how is Wireless profitable? The $170 billion in debt is because of Wireless. $130 billion to buy Vodaphone out and $50 billion for spectrum. Wireless is a money pit.
@e7 exactly this.. This was planned a long time ago. The big dogs from VZT will make a lot of money.
Former Vz Execs were moved per post... stratton to Frontier and Mudge to Brightspeed.
Follow the money:)
You don't divest the profitable part of your business.
Lots of wishful thinking on this board! SpaceX isn’t going to acquire a wireless service provider. Their goal was to strike deals with all the operators. Unfortunately, they wanted to charge more than what the service providers were willing to pay. That’s why the big 3 backed AST. Verizon isn’t going to divest wireless. Dan and Alfonso are just using layoffs and other cost cutting measures to boost the share price in the short term. That’s all!
Ockham's razor: the simplest explanation that fits all the facts at hand is usually the correct one!
@ac former VZ executives were not “moved” to Frontier, they were moved to their old footprint which is now Verizon. There were also others on the former Frontier side moved to the Verizon side.
I believe Vz next move is 2027,3rd Q, announce a merger with a large Cable Company or aquisition of Brightspeed.
Former Vz Execs moved to Frontier and Brightspeed... one down one to go.
Selling the most successful part of the company? Right after purchasing Frontier to expand their fiber presence? Also while currently putting offera that combine wireless and FiOS onto one plan?
No.
@OP Wireless is still very profitable despite all the self-inflicted wounds and the whole telecom industry is counting on bundling to reduce churn and improve profitability. That was the rationale behind acquiring Frontier. It would make no sense whatsoever to divest wireless.
@OP Somebody gets it 👍