.....and DTV management for taking the dinosaur delivery infrastructure off their hands before streaming makes it redundant.
How many of them were clipping coupons running the bonds issue or collecting other fees in the deal? They don't care if it is good or not if they are padding.....
A lot of today's move can't entirely be blamed on the DTV review. Market getting ripped on China move. .....China appears to be opening the gate on their currency so they can move into being a reserve currency. This is not good for the U.S. on a long term basis as wewill fall to the number two global position as China regains its global dominance after a couple centuries of relative dormancy. Talked to an advisor with a big name plate I see around town once in awhile. Ran into him last Friday and brought up the reserve currency deal China is pursuing with IMF and he blew it off as nothing to sweat..... I knew he would eat those words some day but I'm even surprised there was action in this arena so shortly after that conversation.
The klown has done nothing but avoid discussion of the DTV figures.
Stumbled across this post while looking..... DTV purchase because of the elegant delivery and avoiding bandwidth consumption yet they are prepared for satellite to go away. Double talk.....
I talked about it and the head klown posting on this mb avoided the discussion of those numbers and constantly worked to bury the topic. I'll have to go looking for it and bring it back to the surface.
Sliding along collecting his overcompensation until he is ready to walk off to retirement. That bad part is the mountain of debt that has been created....that will make it tough for T to survive a bundler price war and continue to adequately/continue to deploy newer/improved infrastructure under a strained capex.
There have been many companies who indicated dividends would be safe only to give the hatchet not long after. Disney notice they were considering direct sales to consumers in the future was a wake up call to bundlers. Cable and such can reposition as primary ISPs but they will have to keep those pricings in check now that Title II's common carrier provisions opens the door the ISP competition running infrastructure without the tall mountains of red tape. Satellite repositioning as a very high bandwidth (+100 Mbps), low latency ISP isn't in the cards for high orbit satellites. If it ever does overcome the huge hurdle, get ready for Google and Facebook to launch those high orbits and create their own internet backbone and offer it for pennies to capture the ecosystem.
LIke I kept asking the klown to answer for many months......All the FCF after NEW dividend expense goes poof because of the deal structure/price. EPS a wash headed into streaming TV era that brings dozens of competitors for not only bundling but the ability for bundlers to be bypassed.
Satellite TV delivery is the dinosaur method and doesn't allow for true on demand platform so there is a lot of debt tied up in a soon to be inferior delivery system. No point in buying a middle man bundler with a relatively ubiquitous product as other middle men. Apple has been better at building their own ecosystem. Apple does not always have the first in innovation but they seem to make a better product when it does enter the market. Apple's biggest threat is the Chinese coming up with a very like product and selling it for a fraction of the price.
Absolute stupidity to purchase a middle man bundler just as exploding bandwidth is coming via cheaper than full fiber technology that will provide the ability for media producers to sell directly to consumers as well as OTTs having the ability to enter the playing field in earnest. I recall, and you could read up some history, that many proponents of the AOL-Time Warner deal were pounding the table they had a market capture on media such as magazines and news feeds online and all the cross selling plus synergies.....all this huge potential. Then dial up was trumped by DSL and AOL lost its market barrier. G.fast, DOCSIS 3.1, full fiber, and millimeter wave spectrum on new small cells. Bandwidth begins exploding in 2016 in earnest.
Doing some bottom fishing in oil shares too. Royal Dutch Shell and BP. Think you want to stick with the majors that have staying power through a deep down turn.....
And so will dozens of others given adequate bandwidth.....without the overhead of 20B in net debt, tons of new dividend expense and the required fiber build to the tune of +$18B.
Media producers contemplating direct to consumers and Disney leaning towards such is a.big wake up call for such. No need for a bundler.
As long as there is adequate bandwidth there is no alienation for the device. Good old Title II. Did you miss the part where it applies to mobile too? Lol
Yawn. Klown doesn't know how to read a financial statement. Admits to multiple Klown IDs. Why do you feel the need to talk to yourself with several IDs? MPD = severe mental issues. I would pull old posts of yours at a time when you denied but you delete your old posts. Liar Klown.