Cost ATT more than $100B. The spectrum they lost they had to go back out and reacquire at a premium and what TMobile did with that cash and spectrum has cost ATT far more than $80B in lost profits over the past decade. TMobile's growth % after that deal went bust was 5-7X that of ATT year in and year out. ATT Wireless after this merger of TMobile and Sprint is screwed. TMobile and Sprint has far less financial requirements and not much of a dividend to worry about. They will go full blast and fire away at the ATT Subscriber Base. Way to go Randall and John. The world plays Stud Poker and you two sit down for go fish.
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But workers and investors still got paid. Not too bad.
then we fight back ti kick their arse????????
I can't believe folks are still talking about this, It was years ago and there have been plenty of strategic blunders since then.
Re: "Randall and John also paid too much for their suits".
Nah. I bet you dollars to donuts they have a clothing allowance.
I can't believe you're all still talking about it. It's been years and many colossal strategic missteps since then. Try to keep up.
Kudos to Legere and TMobile. They snookered the high and mighty and took them to the wood shed. Sprint and T-Mobile will come to the marketplace with lower prices and better service. Subscribers will flee by millions every quarter.
And for this, I still can not belive that RS is still here, and not fired 10 times over for this giant screw up, yet he remained and bought DTV, then unbelievably bought TW Media. The Government, and Trump tried the best to top him on these last two bad buys. Why are they STILL here?
Nothing new here. Boring.
I think it was $4TB not 6.
Randall and John also paid too much for their suits.
But but att has 250,000 employees and 500,000 retirees so it must be a great company. mo–ns