3 ms·

Weird that the NY Times would make such obvious mistakes. AT&T Wireless and AT&T are separate companies (AT&T Wireless is not buying DirectTV) The same with V

by arfliw 12y ago

Weird that the NY Times would make such obvious mistakes. AT&T Wireless and AT&T are separate companies (AT&T Wireless is not buying DirectTV) The same with Verizon and Verizon Wireless. They discussed four different companies as if they were two.

adventured 12y ago
This is not accurate. Verizon purchased all of Verizon Wireless from Vodafone this year, for $130 billion. It is now fully owned by Verizon. Vodafone got $59b in cash, $60b in stock, and some other throw-ins. http://newscenter.verizon.com/corporate/news-articles/2014/02-21-acquisition-of-vodafone-stake-in-vzw-complete/ http://newscenter.verizon.com/corporate/news-articles/2014/0... http://venturebeat.com/2014/02/21/verizon-closes-130b-deal-to-buy-out-vodafones-stake-in-verizon-wireless-today/ http://venturebeat.com/2014/02/21/verizon-closes-130b-deal-t... Also, AT&T Wireless is a wholly owned subsidiary of AT&T, so they weren't exactly far off the mark. The modern AT&T is the net result of BellSouth and SBC merging, then SBC eating AT&T and rebranding itself. The mergers gave them total control over AT&T Wireless. The wireless subsidiary's results flow up to the parent, which shows up in the quarterly results for AT&T, and that is why AT&T is worth $181 billion today. AT&T Wireless is paying for the DirecTV purchase.
gorner 12y ago
You may be working with outdated information. The separate publicly-traded "AT&T Wireless" company disappeared in 2004, and its successor has been wholly-owned by AT&T Inc. since late 2006. Meanwhile, Verizon Communications has always been the majority shareholder in Verizon Wireless, and sole owner since February. Whatever separation there may still be between these operations in the corporate structure (e.g. AT&T Inc. vs its subsidiary AT&T Mobility LLC) is only that - corporate structure. It does not ultimately change what each parent company owns / does.

by arfliw 12y ago

adventured 12y ago

This is not accurate. Verizon purchased all of Verizon Wireless from Vodafone this year, for $130 billion. It is now fully owned by Verizon. Vodafone got $59b in cash, $60b in stock, and some other throw-ins. http://newscenter.verizon.com/corporate/news-articles/2014/02-21-acquisition-of-vodafone-stake-in-vzw-complete/ http://newscenter.verizon.com/corporate/news-articles/2014/0... http://venturebeat.com/2014/02/21/verizon-closes-130b-deal-to-buy-out-vodafones-stake-in-verizon-wireless-today/ http://venturebeat.com/2014/02/21/verizon-closes-130b-deal-t... Also, AT&T Wireless is a wholly owned subsidiary of AT&T, so they weren't exactly far off the mark. The modern AT&T is the net result of BellSouth and SBC merging, then SBC eating AT&T and rebranding itself. The mergers gave them total control over AT&T Wireless. The wireless subsidiary's results flow up to the parent, which shows up in the quarterly results for AT&T, and that is why AT&T is worth $181 billion today. AT&T Wireless is paying for the DirecTV purchase.

gorner 12y ago

You may be working with outdated information. The separate publicly-traded "AT&T Wireless" company disappeared in 2004, and its successor has been wholly-owned by AT&T Inc. since late 2006. Meanwhile, Verizon Communications has always been the majority shareholder in Verizon Wireless, and sole owner since February. Whatever separation there may still be between these operations in the corporate structure (e.g. AT&T Inc. vs its subsidiary AT&T Mobility LLC) is only that - corporate structure. It does not ultimately change what each parent company owns / does.