AT&T and Verizon Lost Over $130 Billion Since 2015 & Cut 126,000 in Staff.

  • Verizon bought AOL and Yahoo, for about $9 billion; AOL (which also owned Huffington Post) was $4.4 billion and Yahoo was priced at $4.5 billion, and both were sold at a fire sale for an estimated $5 billion.
  • Tumblr, which Yahoo bought for $1.1 billion in 2013, was sold for under $20 million by Verizon.
  • Verizon sold HuffPost in November 2020 with $119 million loss.
  • Verizon took a $4.6 billion dollar ‘impairment” for “Oath”, also known as Verizon Media, to tie together these media assets.
  • Verizon spent at least $53 billion on wireless spectrum auctions for fixed and mobile broadband instead of building out their fiber optic wireline to the home services.
  • AT&T has cut almost 67,000 staffers, going from 281,000 in 2015 to 215,000 in 2021.
  • AT&T network investment has gone down 25% since 2016 — that’s almost $6 billion less.
  • Historically, a state telecommunications utility spends 15–20% of their revenues on construction; AT&T has only spent, on average, less than 10%.
  • Dis-investment AT&T has written off — i.e. disinvested in the wireline networks and has taken 155% more in ‘depreciation’ than was spent on new construction.

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New Networks Institute,Executive Director, & Founding Member, IRREGULATORS; Telecom analyst for 38 years, and I have been playing the piano for 63 years.

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bruce kushnick

bruce kushnick

New Networks Institute,Executive Director, & Founding Member, IRREGULATORS; Telecom analyst for 38 years, and I have been playing the piano for 63 years.

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