Posted on Oct 24, 2016
SPC Temp Worker
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Posted in these groups: 3373ff6 AT&TScales of justice Business
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PO2 Sales Associate
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As an employee awesome. My cellphone and satellite bills are low. But my data bill from time warner is outrageous. So hopefully that will come down as well. I've worked for att for 12 years. It's a good company. With this acquisition it will generate future revenue keeping the company viable for a long time. Which should do well for my retirement
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SPC Temp Worker
SPC (Join to see)
8 y
What is your position? I thought about working for them.
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PO2 Sales Associate
PO2 (Join to see)
8 y
SPC (Join to see) - Good company if you are union. Paid holidays of. You start with 2 weeks of vaca get an extra week ever 5 years. If you work on holidays double time and a half pension and 402k up to 6% matching
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Claudia Silva
Claudia Silva
8 y
SPC (Join to see) - AT&T is a really good company, I'm 2nd level management and have 20years of service.
I work from home 2-3 days a week and get 6 and a half weeks of paid vacation a year.
They paid for masters degree.
We get 50% discount on wireless plans, digital life, and we also have significant discounts on DirecTV, Uverse DSL & home phone service.
AT&T has a great program for veterans, the goal is to hire 20,000 veterans by 2020.
You can get more information here.
http://att.jobs/doing-great-things/military
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SPC Temp Worker
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8 y
AT&T does work fron home I am interested. What job is that?
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SPC Erich Guenther
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Edited 8 y ago
Agree with Wall Street 100%.
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SPC Temp Worker
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What does Wall Street say?
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SPC Erich Guenther
SPC Erich Guenther
8 y
Well AT&T's stock has been fallling since the announcement and Wall Street see's as a Dr Strangelove business move. Does it have the possibility of working....yes. What is the probability the debt will sink the company before they are able to execute with the new acquisition........pretty high. It's a longer story of course going back to the technology AT&T selected for UVERSE, which they are trying to fix at great expense now. Verizon selected Fios which is Fibre to the house or FTTP (Fibre To The Premises), FTTP although initially more expensive to lay is more reliable and cheaper to maintain and gives the client a much better picture and service experience. FTTN (Fibre To The Node) is what AT&T choose which to paraphrase an Army sentence is a "Slam Bam, Thankyou Ma'am" approach. Yes it allowed AT&T to expand UVERSE and suck up some nice profits early on but the cost was fairly shitty customer service and high cost of maintenence. As a result UVERSE is shedding clients faster than the DirectTV that AT&T just bought can sign up clients. Which has to be scaring the bejesus out of AT&T Executives right now. They bought DirectTV to stem the tide of cable client losses #1, Second reason was to free up more bandwidth on FTTN, a problem Verizon does not have because it chose Fiber to the House. FTTN is Fiber to a network node terminus then copper from there to the house. The thinking of buying Time Warner is the second stage of AT&T's strategy which Wall Street doubts will work and that is AT&T is going to try to compete directly with the likes of Sling TV which is a cut the cord network streaming provider that uses ROKU 3. So AT&T is thinking a price point initially of $40 to compete with Sling TV's $20. You can see the problem there.........AT&T has to offer more initally than Sling to get people to pay that higher price, hence Time Warner offers them channels to bundle like TNT, CNN etc. Will that be enough to stem the outflow of clients from former UVERSE or their current offerings. Wall Street says too little, too late and they are too slow to execute so Wall Street thinks this part is going to fail AT&T. Meanwhile at Verizon, FIO's is still adding clients to it's base and growing but at a slower rate, which they say they have plans to address but are unspecific. Verizon is also beating the much larger AT&T in wireless sales and wireless upgrades and is starting to move to a 5G wireless network. The other item that really shocks me about AT&T, no move so far to dump parts of their business that are sucking the life out of the larger company. Verizon dumped it's yellow pages subsidiary more than 10 years ago. AT&T hangs onto it's Yellow Pages and the fixed costs of the printing plants alone are sucking a lot of capital out of AT&T. So perhaps if they do get Time Warner they will engage in a rapid sell off of AT&T Wireless and the AT&T yellow pages divisions to pay down debt. Problem with both is they need to find a buyer and given that Verizon bought the remnants of AOL not too long ago along with Hughes Telematics (networks to automobiles). Verizon has a lot of debt from both transactions. Not sure if it can afford to buy anything for the next few years. So that is where things stand. Time will tell if AT&T can pull the rabbit out of the hat here. My vote is with Wall Street, if the merger goes through AT&T has to move really fast to get that debt load down and execute on it's plan fast. Something it has not been able to do in the past.
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PO1 William "Chip" Nagel
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Not real fond of it. Definitely starting to seem like making a ubber leap towards a Monopoly. Good Question though.
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