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Interesting, they just gobbled up the Mint Mobile MVNO for something like 1.35B which was already using their network and of course there's the Sprint for 26B
by xfour 3y ago
Interesting, they just gobbled up the Mint Mobile MVNO for something like 1.35B which was already using their network and of course there's the Sprint for 26B and now are cutting jobs to save half that.
I wonder how much of this is the articles cable company wireless deals, and more just consolidation of jobs around the new megaco they've created.
- bombcar 3y agoIsn't this the cycle of cell companies now? They have customer service go to shit, then an MVNO pops up with low prices and good service using their network, and then they got bought, and then it goes to shit and the cycle continues?
- candiddevmike 3y agoWhy does the market "reward" that behavior?
- bombcar 3y agoBecause the market is kinda dumb, and it takes quite awhile to eat an elephant. C.f. Bogle on "manager's capitalism": https://johncbogle.com/wordpress/wp-content/uploads/2019/08/niri-6-03.pdf https://johncbogle.com/wordpress/wp-content/uploads/2019/08/... and similar things - much (too much?) of our "value" is financial shell games.
- gretch 3y agoWe don't actually know if this behavior is rewarded or not. Possibly they succeed despite this behavior - some other part of the company is carrying the weight. I have Google Fi (on the tmobile network) and I will say, my cell phone plan does work and is worth what I pay for it. So there's definitely some value generation via that.