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During the last decade, ATT’s leaders decided to burn tens of billions of dollars by overpaying for obviated businesses like DirecTV and Time Warner. I can onl
by lotsofpulp 2y ago
During the last decade, ATT’s leaders decided to burn tens of billions of dollars by overpaying for obviated businesses like DirecTV and Time Warner.
I can only imagine the quality of mobile and fiber networking we could have had if that money was spent on telecommunications. And maybe they would have spent a few million on having proper security.
- dopylitty 2y agoNot only that they blew $8 billion/year on dividends that could've gone into the business or to employees instead of being extracted and given to people who have nothing to do with the business.
- lotsofpulp 2y agoWhen people invest in a business, whether it be your sibling’s business, or a local business, or a publicly traded business, they do it because they expect a return on investment. An infrastructure utility such as ATT typically has to offer dividends because it is not going to experience the type of growth that would result in a return via share price increase. Of course, ATT’s prices are not regulated like a proper utility, even though they should be, but it is still subject to the same market forces that prevent it from growing like a tech company would, who would have the option of foregoing dividends (or share buybacks).