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Aurggghhh! ABC interview with Prez Biden
ABC interviewer's questions are horrible!!!
The interview was focused on how bad can we make Biden feel. Plus, he was goading Biden to "admit" how wrong and how many mistakes he has made.
77 replies
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corporation. You keep conflating holding a minority percentage (none hold more than 8.4% in either AT&T or Verizon) of shares with operational control.
The 3 biggest institutional investors (from your own link, they are Vanguard Group, BlackRock, and State Street, which are primarily passively managed mutual fund and ETF firms) in AT&T combined hold less than 20% of the shares outstanding (as of your link date):
Vanguard Group owns 596.4 million shares of AT&T, representing 8.4% of total shares outstanding
BlackRock owns 493.7 million shares of AT&T, representing 6.9% of total shares outstanding
State Street owns 296.0 million shares of AT&T, representing 4.2% of total shares outstanding
BlackRock owns 493.7 million shares of AT&T, representing 6.9% of total shares outstanding
State Street owns 296.0 million shares of AT&T, representing 4.2% of total shares outstanding
The same 3 investment firms hold less than 19% of shares outstanding for Verizon (as of your link date).
None of them individually holds more than 8.4% in either AT&T or Verizon.
They are NOT in the boardroom micromanaging some Machiavellian fantasy schemes. They do NOT have operational control of either corporation, no matter how much you pound the table and claim it.
Again you post this:
www.att.com/mergers/unicelminnesota/about-the-merger.jsp
you said
You claim that I am wrong - prove it
HERE:
That link you again posted is from 2009 and was NOT a merger, it was (as I already explained in great detail on the other thread, here: https://www.democraticunderground.com/?com=view_post&forum=1002&pid=16145838 )
You were completely wrong then and are simply repeating the same false claims now.
AT&T DOES NOT OWN VERIZON
Your link is from almost 13 years ago (May 2009) and was simply limited acquisitions of scattered markets, via swaps plus cash, NOT a complete merger, which would very likely not be allowed under current antitrust law in the US. AT&T was blocked from buying the much smaller (than Verizon) T-Mobile on 2011 on antitrust grounds. See below.
Alltel and Unicel no longer exist, have not for ages.
https://www.att.com/mergers/unicelminnesota/about-the-merger.jsp
About the Merger (again this was in 2009)
AT&T recently completed an acquisition agreement with Verizon Wireless which included select Verizon Wireless, Unicel, and Alltel properties in your area. The acquisition enhances AT&T's wireless network coverage primarily in rural areas in 79 service areas in Alabama, Arizona, California, Colorado, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia, and Wyoming. You can see a map of the acquired markets here.
AT&T will launch service on a market-by-market basis as network integration is completed. Your wireless service will transition to AT&T shortly after that. We will contact you and other affected subscribers shortly with more information about your service transition. In the meantime, if you have more questions, please read our FAQs.
AT&T recently completed an acquisition agreement with Verizon Wireless which included select Verizon Wireless, Unicel, and Alltel properties in your area. The acquisition enhances AT&T's wireless network coverage primarily in rural areas in 79 service areas in Alabama, Arizona, California, Colorado, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia, and Wyoming. You can see a map of the acquired markets here.
AT&T will launch service on a market-by-market basis as network integration is completed. Your wireless service will transition to AT&T shortly after that. We will contact you and other affected subscribers shortly with more information about your service transition. In the meantime, if you have more questions, please read our FAQs.
here is an article on it:
AT&T and Verizon swap wireless assets
May 11, 2009
AT&T said it will buy the Alltel assets that Verizon Wireless needs to shed, and Verizon will buy some assets from AT&T's purchase of Centennial Wireless.
https://www.cnet.com/tech/mobile/at-t-and-verizon-swap-wireless-assets/
AT&T said it will pay $2.35 billion in cash to buy the bulk of the Alltel Wireless assets that Verizon Communications must divest as part of its acquisition of Alltel, the company announced Friday.
As part of the deal, AT&T will get wireless spectrum licenses, network assets, and 1.5 million subscribers in 79 service areas.
Verizon Wireless was required to sell assets in parts of 18 different states as a condition for getting regulatory approval to buy Alltel. The Verizon-Alltel deal, valued at $28.1 billion, was announced in June 2008, and closed in January this year. After the merger, Verizon Wireless became the largest U.S. wireless operator, surpassing AT&T in terms of subscribers.
So what does this mean for former Alltel wireless customers? Well, for customers in parts of Alabama, Arizona, California, Colorado, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia, and Wyoming, it means that they will become AT&T wireless customers.
The asset acquisition also included a few markets from Verizon Wireless and the former Rural Cellular, AT&T said in its statement. The old Rural Cellular, or Unicel as it was also called, had operations in parts of Maine, New Hampshire, Massachusetts, Alabama, Mississippi, Minnesota, North Dakota, South Dakota, Wisconsin, Idaho, Washington, and Oregon.
As part of the deal, AT&T will get wireless spectrum licenses, network assets, and 1.5 million subscribers in 79 service areas.
Verizon Wireless was required to sell assets in parts of 18 different states as a condition for getting regulatory approval to buy Alltel. The Verizon-Alltel deal, valued at $28.1 billion, was announced in June 2008, and closed in January this year. After the merger, Verizon Wireless became the largest U.S. wireless operator, surpassing AT&T in terms of subscribers.
So what does this mean for former Alltel wireless customers? Well, for customers in parts of Alabama, Arizona, California, Colorado, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia, and Wyoming, it means that they will become AT&T wireless customers.
The asset acquisition also included a few markets from Verizon Wireless and the former Rural Cellular, AT&T said in its statement. The old Rural Cellular, or Unicel as it was also called, had operations in parts of Maine, New Hampshire, Massachusetts, Alabama, Mississippi, Minnesota, North Dakota, South Dakota, Wisconsin, Idaho, Washington, and Oregon.
AT&T tried to but T-Mobile USA in 2011 and were blocked
Attempted purchase of T-Mobile USA by AT&T
https://en.wikipedia.org/wiki/Attempted_purchase_of_T-Mobile_USA_by_AT%26T
here is the history of Verizon wireless
Verizon (mobile network)
https://tinyurl.com/2aycchs5
Verizon is an American wireless network operator that previously operated as a separate division of Verizon Communications under the name of Verizon Wireless. In a 2019 reorganization, Verizon moved the wireless products and services into the divisions Verizon Consumer and Verizon Business, and stopped using the Verizon Wireless name. Verizon is the largest wireless carrier in the United States, with 121.3 million subscribers as of the end of Q2 2021.
Throughout the 2000s, Verizon acquired several wireless phone companies and assets across the country, including West Virginia Wireless in 2006; Ramcell in 2007; Rural Cellular Corporation and SureWest Communications, both in 2008. Also in 2008, Verizon struck a deal to buy Alltel for $5.9 billion in equity while assuming $22.2 billion worth of debt. The deal finalized January 9, 2009, again making Verizon Wireless the country's biggest cellphone network. As per the agreement, Verizon sold rural wireless properties across 18 states to AT&T. Those properties were in Alabama, Arizona, California, Colorado, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia and Wyoming. Verizon's acquisitions continued in the 2010s, including the purchases of some Plateau Wireless markets in 2012 and Golden State Cellular's operator in 2014.
Majority owner Verizon Communications became sole owner of its wireless business in 2014, when it bought Vodafone's 45 percent stake. Vodafone received $58.9 billion cash, $60.2 billion in stock and $11 billion in other transactions. An article in The New York Times estimated Verizon Wireless' valuation at about $290 billion.
In September 2016, Comcast confirmed that it planned to launch a mobile service, using Verizon's network as an MVNO, in mid-2017.
In May 2018, former Verizon executive, Miguel Quiroga, launched the pre-paid carrier Visible in Denver Colorado, which Verizon funds and owns.
On June 8, 2018, Verizon announced that Hans Vestberg had been picked to become CEO on August 1, 2018.
In 2019, Verizon Wireless services were split between two new divisions: Verizon Consumer and Verizon Business.
In 2020 Verizon launched a prepaid mobile phone service named Yahoo! Mobile following acquiring the overall Yahoo! brandname in 2017.
On September 14, 2020, Verizon entered into an agreement to purchase TracFone Wireless which was worth an approximate $6.25 Billion
In May 2018, former Verizon executive, Miguel Quiroga, launched the pre-paid carrier Visible in Denver Colorado, which Verizon funds and owns.
On June 8, 2018, Verizon announced that Hans Vestberg had been picked to become CEO on August 1, 2018.
In 2019, Verizon Wireless services were split between two new divisions: Verizon Consumer and Verizon Business.
In 2020 Verizon launched a prepaid mobile phone service named Yahoo! Mobile following acquiring the overall Yahoo! brandname in 2017.
On September 14, 2020, Verizon entered into an agreement to purchase TracFone Wireless which was worth an approximate $6.25 Billion
Your entire positings on this and on the other thread are faulty both in their foundational claims and then the false conclusions and invented narratives your try to erect from them.
This has become more than tedious.
Done here.
for a fundamental lack of knowledge in the areas of finance, capital, ownership etc etc.
All one needs to do, to see this, is to read these threads where you have consistently been exposed making the most simplistic of definitional and factual errors, then erecting fictitious constructs based off those errors.
Celerity has been dogging me on this subject
Laughable!
YOU were the one who came back in a full week after my last reply, and kicked it all off again with your same old false claims.
repeating the same false bollocks over and over it will magically come true.
You said
Why did AT&T fund 90% of OAN?
They DID NOT. That is false statement.
https://arstechnica.com/tech-policy/2021/10/att-is-partly-responsible-for-rise-of-one-america-news-network-report-alleges/
When contacted by Ars today, AT&T provided a statement saying it never invested directly in OAN:
AT&T has never had a financial interest in OAN's success and does not "fund" OAN. When AT&T acquired DirecTV, we refused to carry OAN on that platform, and OAN sued DirecTV as a result. Four years ago, DirecTV reached a commercial carriage agreement with OAN, as it has with hundreds of other channels and as OAN has done with the other TV providers that carry its programming. DirecTV offers a wide variety of programming, including many news channels that offer a variety of viewpoints, but it does not dictate or control programming on the channels. Any suggestion otherwise is wrong.
AT&T has never had a financial interest in OAN's success and does not "fund" OAN. When AT&T acquired DirecTV, we refused to carry OAN on that platform, and OAN sued DirecTV as a result. Four years ago, DirecTV reached a commercial carriage agreement with OAN, as it has with hundreds of other channels and as OAN has done with the other TV providers that carry its programming. DirecTV offers a wide variety of programming, including many news channels that offer a variety of viewpoints, but it does not dictate or control programming on the channels. Any suggestion otherwise is wrong.
You said
Why did AT&T collaborate with Robert Herring to start a shell company in 2013 called Herring Networks, Inc?
False again.
Herring Networks is not a shell company (do you even know what one is?) and it was founded in 2003, not 2013.
https://en.wikipedia.org/wiki/Herring_Networks
Herring Networks Inc. is a media company based in San Diego, California. It was founded in 2003 by Robert Herring. Through its Herring Broadcasting division, the company owns and operates two cable networks: AWE Network (originally known as Wealth TV), an American lifestyle and entertainment cable network founded in 2004.
https://en.wikipedia.org/wiki/Shell_corporation
A shell corporation is a company or corporation that exists only on paper and has no office and no employees.
A shell corporation is a company or corporation that exists only on paper and has no office and no employees.
Herring Networks, Inc.
https://www.dnb.com/business-directory/company-profiles.herring_networks_inc.4f010dc70e6f0cb72cf9944aae9ef3c0.html
Doing Business As: Herring Networks, Inc.
Company Description: Herring Networks, Inc. is located in San Diego, CA, United States and is part of the Radio and Television Broadcasting Industry. Herring Networks, Inc. has 130 total employees across all of its locations and generates $13.60 million in sales (USD). (Sales figure is modelled).
AT&T NEVER had ownership of, nor did they fund OANN.
https://arstechnica.com/tech-policy/2021/10/att-is-partly-responsible-for-rise-of-one-america-news-network-report-alleges/
When contacted by Ars today, AT&T provided a statement saying it never invested directly in OAN:
AT&T has never had a financial interest in OAN's success and does not "fund" OAN. When AT&T acquired DirecTV, we refused to carry OAN on that platform, and OAN sued DirecTV as a result. Four years ago, DirecTV reached a commercial carriage agreement with OAN, as it has with hundreds of other channels and as OAN has done with the other TV providers that carry its programming. DirecTV offers a wide variety of programming, including many news channels that offer a variety of viewpoints, but it does not dictate or control programming on the channels. Any suggestion otherwise is wrong.
AT&T has never had a financial interest in OAN's success and does not "fund" OAN. When AT&T acquired DirecTV, we refused to carry OAN on that platform, and OAN sued DirecTV as a result. Four years ago, DirecTV reached a commercial carriage agreement with OAN, as it has with hundreds of other channels and as OAN has done with the other TV providers that carry its programming. DirecTV offers a wide variety of programming, including many news channels that offer a variety of viewpoints, but it does not dictate or control programming on the channels. Any suggestion otherwise is wrong.
You are posting in utter bad faith.
This is bordering on the absurd.
Oh, you remember Quayle! God, he was an idiot. Ah, memories. 
Quayle.
Told a kid at a school he was visiting that potato had an “e” on the end.
Fodder for comedians. 
Somehow he is more horrifying than funny though. 
I never make cheesecake, they can pay me. 
We are getting off topic now.
I had no trouble finding cream cheese.
