So it looks like the long expected sale Mexico T is starting..
https://www.investing.com/news/stock-market-news/att-seeks-over-2-billion-for-mexico-unit-sale--bloomberg-93CH-4177554
In typical T fashing theyry are selling for a 50% loss from what they paid for Lusaatell and Nextel Mex back in 2015. Is this just a way to juice the stink.
even a bigger loss if you factor in the de-valuation of the US dollar
Wow another great deal brought to you by Stank and sons.
The loss is closer to $15B when you factor in the cost of ownership.
Compared with the loss on TW and DTV, this is a huge success!
“Maybe 5 years from now they’ll sell Lumen.”
For pennies on the dollar.
"Theortically, the foray into Mexico will yield a net positive return."
I think you are forgetting about the additional $10B+ ATT has sunk into Mexico since the purchase.
Maybe 5 years from now they’ll sell Lumen.
With all the cash T is receiving from their asset sell-offs, I believe T is positioning itself to offer buyouts to thousands of employees in the near future.
Out of all the thousands of companies that could buy it, who wants to wager that it ends up in the hands of TPG. No conflict there. rrrrrriiiggghhhttt.
A 50% loss is a "win" for this group of bumbling, failed, executives; cause for celebration.
Maybe the Stink can teach MBA classes when he retires he's such a brilliant M&A savant
Theortically, the foray into Mexico will yield a net positive return. Randall flipped the America Movil stake (@$5.6B) for the acquisitions @ $4.3B. Heard from a decent source that this was mostly a favor to Carlos Slim to counter the gov't dislike for a monopoly. Over the 10yrs, they probably lost somewhere around $500M on the unit. But, if they get $2B now, it would yield about $2B total -- but I have no idea how the original stake in America Movil came about -- so that obviously factors into this.
already discussed here- https://www.thelayoff.com/t/1k22rrk6y