AT&T promised a TV revolution — instead, we got a giant mess [The Verge]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: The Verge
Illustration by Alex Castro / The VergeLast week, AT&T announcedit would be spinning off its businessrecent wireless spectrum purchases“It’s fair to say that some aspects of the transaction have not played out as we had planned,” AT&T said of the deal, trying to put a good face on a more than $50 billion loss, “such as pay households in the US declining at a faster pace across the industry than anticipated when we announced the deal back in 2014.”It’s the latest chapter in AT&T’s long journey to transform from a boring old telecom into a dominant player in new media. Six years, 54,858 layoffs, two mergers, and nearly $175 billion later, AT&T is only marginally closer to streaming dominance. Instead, customers and employees are footing the bill for their bad decisions in the form of rate hikes and layoffs that show no sign of slowing down.“One of the worst acquisitions of all time”Wall Street telecom analyst Craig Moffett surveyed the wreckage in a research note to investors, in wh
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T
Earnings
- 1/24/24 - Miss
T
Sec Filings
- 4/16/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- 4/4/24 - Form ARS
- T's page on the SEC website