Lumen will try and keep the competent personnel however, the competent personnel will want to jump ship. Shell games being played on the working class once more! Technology Industry has been consumed by Wall Street and it will never be the same from a physical worker standpoint, especially once the fiber penetrating saturation takes hold! How and Why are we not doing wireless last mile at this point?
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Just what we need. For Jon to get the old credit card out and buy another company to destroy. Will they ever learn?
Isn’t this like paying $200k to buy back the $5k car you drove in high school? We will overpay for undersized fiber cabling and get nothing out of other than removing competition from a company that is no threat.
Which company is going to jump in and attempt to purchase Lumen away from AT&T?
Believe they said fiber has turned cash flow positive. Would be interesting to see the cost of acquiring fiber customers with a comparison of build from scratch versus buying facilities.
- 5 billion is below the early 6-9 billion valuation that was published. Supposedly they have bypassed almost 5 million homes with over 1 million subscribers. I would assume they feel comfortable they can add another million to get to the 40% take level they say they are getting. Even if they are successful poaching wireless customers seems like a high price per customer.
Randall approves!
Oh BOY, another buy out from AT&T!
How long before they sc--w this one up as like all the others? No confidence
Let me fix the headline. ATT to buy Lumen, assume its debt, and then give Lumen to TPG for huge discount. TPG, with its crossbreed of investor ownership of T-suites, receive the majority of their assets including DTV, Uverse, ATT buildings, etc. all at heavily discounted pricing while T socks its small shareholders with all the debt.
Who cares about Lumen? How does this help or harm AT&T? Does the stock go up or down? Does the transaction benefit or harm the company? Will AT&T assume additional debt?
One thing that doesn't belong here. We don't care about benefit or woe to Lumen. We care about woe or benefit to AT&T. And, if woe to Lumen means benefit to AT&T, so be it. Especially if it increases job security at AT&T, which is my attempt to fold this comment into the general purpose of this website - layoffs etc.
Lumen stock sinks as investors weigh potential AT&T deal impact
According to today's report, AT&T could buy Lumen's consumer fiber business for roughly $5.5 billion. While a sale could generate a significant amount of cash for the debt-laden Lumen, there are good reasons investors investors are having such a negative reaction to the news.
Fiber offerings are a relative standout in Lumen's otherwise struggling consumer business, and selling the unit to AT&T would weaken the broader business significantly. At a $5.5 billion valuation, the market isn't seeing enough return for what Lumen would be giving up.