Mike Dano’s Post

Senator Elizabeth Warren and five other Democratic senators are urging the DOJ and FCC to scrutinize T-Mobile's $4.4B acquisition of U.S. Cellular, citing potential cost increases and reduced consumer choices. 📡 Expanded 5G coverage in rural areas. 💰 Potential cost increases for consumers. 📉 Reduction in competition and choices. 💬 Senators seek scrutiny and potential challenge. 🔄 Call to unwind T-Mobile and Sprint merger. #Telecom #Mergers #ConsumerRights 📲 T-Mobile aims to enhance coverage and speeds. 🛡️ Promises of better service for rural customers. 📈 T-Mobile to acquire U.S. Cellular’s spectrum and assets. 🗓️ Deal expected to close by mid-2025 pending approvals. 🏛️ Warren highlights risks of market consolidation. 💵 T-Mobile to assume $2B in U.S. Cellular's debt. 🌍 Improved connectivity, but concerns over pricing. 📝 Lawmakers argue for competitive market preservation. https://lnkd.in/grP65zhi

📢 Breaking News in Telecom! 📢 T-Mobile to Acquire U.S. Cellular's Wireless Operations in $4.4 Billion Deal On May 28, T-Mobile (TMUS.O) announced it will purchase nearly all of regional carrier U.S. Cellular's (USM.N) wireless operations, including customers, stores, and 30% of its spectrum assets, in a deal valued at $4.4 billion. Key Details: - U.S. Cellular's Market Reaction: Shares jumped over 10% pre-market, following the announcement nearly ten months after U.S. Cellular began exploring strategic options. - Retained Assets: U.S. Cellular will keep 70% of its spectrum, equity-method investments, and 4,400 telecom towers. T-Mobile will become a long-term tenant on at least 2,600 of these towers. - Deal Financing: T-Mobile will fund the acquisition with a mix of cash and up to $2 billion in debt, assumed through an exchange offer to some of U.S. Cellular's debtholders. - Financial Impact: T-Mobile does not foresee any impact on its 2024 financial forecast or shareholder return program. The company anticipates approximately $1 billion in operating expense and capital spending cost synergies. This acquisition is expected to enhance T-Mobile's coverage and provide significant operational efficiencies. #TelecomNews #TMobile #USCellular #BusinessAcquisition #MarketUpdate #IndustryNews #mergers #acquisition #investmentbanking #finance #accounting

T-Mobile has transformed from the "Un-carrier" to a major industry player, but at what cost? - 📈 Rapid growth through mergers and acquisitions - 💵 Recent price hikes despite "Price Lock" guarantee - 🚫 Anti-consumer policies frustrating loyal customers #Telecom #CustomerExperience #BusinessGrowth - 🔄 Acquired Sprint in 2020, reducing national carriers from four to three - 📱 Owns Boost Mobile, Metro, Mint Mobile, and a majority of US Cellular - 🌐 Enforced GPS verification for 5G home internet plans - 📞 Requires maintaining service for promotional credits - 📉 Lost customer trust due to broken promises and policy changes https://lnkd.in/gjsutMEN

🚀 IQST – iQSTEL Announces 55% Annual Revenue Growth to Over $144 Million 🌟NEW YORK, April 1, 2024 iQSTEL Inc. (OTC-QX: IQST) is thrilled to announce the publication of the company’s FY-2023 annual report and SEC Form 10K. Achieving a monumental $144,502,351 in annual revenue, the company has demonstrated significant financial growth and resilience, culminating in a positive net income for the latter half of the year. This represents a 55% increase in revenue compared to the previous year. CEO Leandro Iglesias shares in a heartfelt letter to shareholders: “We've not only met but exceeded our financial goals organically, without the need for acquisitions. This marks a pivotal moment in iQSTEL's journey towards innovation and global expansion. A heartfelt thank you to our partners, customers, and team for their unwavering support.” Highlights from the FY-2023: - Exceptional Revenue Growth: $144.5M in FY-2023, marking a 55% increase over FY-2022. - Substantial Gross Profit Increase: Reaching $4.7M in FY-2023, a 161% increase over the previous year. - Significant Growth in Assets and Stockholders Equity: Total assets surged by 77%, with stockholders' equity up by 38%. 📈 FY-2023 Quarterly Insights: - Q4 Revenue Soars: $47.3 Million, nearly doubling Q1's figures. - Operating Income Achievements: A positive $184.0K, showcasing over 1.5 times growth since Q3. - Sustained Profitability: Marking two consecutive quarters of positive operating and net income trends, setting a strong foundation for FY-2024. 🔝 With the QXTel Acquisition Now Complete: iQSTEL sets its sights on a new goal for FY-2024 - achieving $500,000 in quarterly operating income. This acquisition not only significantly boosts our revenue but also expands our global footprint, bringing new customers and industry associations into our fold. Full PR: https://lnkd.in/dtFfZwsV $IQST - iQSTEL #iQSTEL #Telecommunications #Growth #Innovation #QXTelAcquisition

Verizon is reportedly in advanced talks to acquire Frontier Communications, a move that could significantly boost its fiber assets and spark more mergers in the telecommunications sector. 🔗 Verizon's acquisition of Frontier would enhance its fiber footprint and mobile strategy 📈 The potential $18 billion deal may trigger further M&A activity in the fiber market 🚀 This move could position Verizon more competitively against AT&T, which is also expanding its fiber network 💡 Frontier’s fiber network includes former Verizon assets, adding an interesting dynamic to the acquisition 📊 Frontier’s fiber expansion: 7 million locations covered and 388,000 added in Q2 alone 💼 Analysts expect this deal to accelerate the convergence of fiber and mobile services across major carriers #FiberExpansion #TelecomNews #VerizonFrontier 🌍 Verizon’s fiber assets could expand significantly, helping the company converge mobile and broadband services 🏗️ Frontier has a solid base of 2.18 million fiber subscribers, making it a strong addition to Verizon’s portfolio 🏢 The deal would create competitive pressure for other national carriers like AT&T and T-Mobile to make similar moves 💰 Analysts estimate that Frontier’s strategic review may include potential divestitures and mergers, offering more growth opportunities 📶 Frontier has been expanding its fiber network aggressively, adding a record number of fiber passings in Q2 💼 Verizon’s acquisition would enable it to catch up with AT&T, which has been more focused on fiber assets recently 🔄 The transaction could be part of a broader wave of fiber M&A in the coming years, particularly among the three major national carriers 🌟 This acquisition marks a significant shift in Verizon's strategy, focusing on fiber/mobile convergence to reduce churn in both mobile and broadband sectors https://lnkd.in/g58wabY2

Seems like there is no end to the consolidation of major companies and industries nowadays. It seems there are two types of free-market capitalists: those who oppose any regulation and believe the market will correct itself, and those who support limited but crucial oversight to prevent limited selection and pricing pressure on consumers. I tend to fall into the latter category. Once upon a time we actually looked at how these mergers impacted consumer options and pricing competitiveness. Now it seems that just the suggestion that a business might be incurring debts or a boost to stock price and customer offerings from a single company is enough to allow mega-mergers. These consolidations are bad not only for thw everyday customer but for small businesses as well. Small businesses are directly impacted when an industry like telecom is no longer kept in check because they too are impacted by artifically high prices, and either have to deal with shrinking profits that are already limited, or pass the cost onto their customers, creating something of a double wammy on the end point consumer.

Verizon's planned acquisition of Frontier, which includes assets Verizon once owned, may trigger a domino effect in the industry. Analysts predict that this move will prompt other carriers and cable companies to seek acquisitions that enable them to offer bundled services. (the "convergence" strategy) The big question arising from this development is whether industry convergence is the sole path to growth. Additionally, two lighthearted but thought-provoking questions emerge: 1. Would it have been cheaper to just keep the assets in the first place? 2. Are we on the brink of reverting to the mega-monopoly reminiscent of the historic Bell System era?

Doug Dawson’s latest article dives into Verizon’s offer to buy Frontier… talk about bringing it all full circle. Frontier initially grew by buying up Verizon’s copper networks years ago, and now Verizon is acquiring Frontier’s fiber portfolio. The deal, valued at around $20 billion, highlights Verizon’s growing interest in expanding its fiber presence. It’ll be super interesting to see how Verizon navigates Frontier’s plans, especially with the rural fiber expansions and BEAD grant pursuits already in motion. What does this all mean for broadband access in underserved areas? The potential impact on rural communities could be significant, and with this merger, we may see even more shake-ups in the fiber landscape. What are your thoughts on this? Are we in for a wave of mergers in the fiber world? I’m betting on “yes”! Check out Doug’s full blog in the comments below. #Broadband #FiberExpansion #TelecomNews #DigitalDivide #RuralBroadband #MergersAndAcquisitions

𝗧-𝗠𝗼𝗯𝗶𝗹𝗲 𝗔𝗰𝗾𝘂𝗶𝗿𝗲𝘀 𝗨𝗦 𝗖𝗲𝗹𝗹𝘂𝗹𝗮𝗿 𝗶𝗻 $𝟰.𝟰 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗗𝗲𝗮𝗹 T-Mobile has announced its acquisition of U.S. Cellular’s wireless operations and a substantial portion of its spectrum assets. The deal, valued at $4.4 billion, will expand T-Mobile’s customer base by over 4 million and grant control of approximately 30% of U.S. Cellular’s spectrum holdings across various bands. This acquisition further consolidates T-Mobile’s position in the market, potentially heralding a new wave of consolidation within the industry. Read the full story > https://lnkd.in/eQPzeV66 #TMobile #USCellular #RetailWire

What do you think? From the consumer's perspective, is three mobile carriers better than four? 🤔 - Six senators are asking the Justice Department and the Federal Communications Commission to consider challenging a deal that would allow T-Mobile to use part U.S. Cellular's wireless spectrum. - New letter from lawmakers says consumers could be charged billions more from higher-priced carriers with lower-prices carriers combining. - Lawmakers also ask the Justice Department to consider unwinding the merger of T-Mobile and Sprint. #telecom #merger #acquisition #deal #mobile #carrier #4g #5g #rural #competition #consumerprotection #spectrum