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I email the IR dept weekly and they wont respond.
Something tells me though there are more cards to be dealt and we arent close to finished.
If it wasnt for Levy and Fahy's time and efforts our chances would be close to zero.
Good one Vuletini. I would say your are probably the most insightful and contributory on this board. You have good reason to as well with those 2.4M shares. We all marveled at your wonderful submissions to the FCC and BK Courts along with your logical analyses so frequently posted on this board. Have a great weekend Vuletini!
I know but with such an acquisition and a PR Release public companies issue SEC Filings to account for it. We still have no SEC filing which leads me to believe all is not done yet. I have emailed Investor Relations only to be told that the brief press release of the $207M is all they are commented on for the time being. There is more to come. I think JL1975 was right in that we are included on that settlement agreement.
Where is the SEC filing?
Keep your eye on the ball boys....
Where is the SEC Filing stating $207M???
So many nuances to this that ATT and FCC must make sure all grievances are squared away.
Apparently Chris Pucillo is a champion of justice for those who lose out in the game of trying to screw the other guy. Fat bag of shit as far as I am concerned. Interviewer basically called him out for getting beat in a poker game and wanting someone to come in and change the rules for him.
Helloyah I think it is a reasonable assumption to think that there is far more to this yet to come. No one and I you are in the same camp believes this $207M figure is the final amount. These are dirty hedge funds aka "Gordon Gecko" Types. I read the Settlement Agreement over and over and looking at it think we are in there but it is still somewhat foggy. The "Predecessors in Interest" always stood out along with the various terms for Fibertower Spectrum, Fibertower Corp, Company etc...Like most the $207M figure is impossible to get your head off. Hey at least he went out and got an attorney and put some effort in. I just hope Fahy and Levy didn't cut some type of settlement to walk away.
You don't really think $207M was all that was paid for Fibertower? I am with everyone else in that there is far more to this than what has been let out.
Fierce Wireless:
https://www.fiercewireless.com/wireless/bankruptcy-overhang-lifted-from-at-t-s-fibertower-purchase
A bankruptcy court declined to review FiberTower’s reorganization, an action that appears to remove one of the last overhangs on AT&T’s already-closed purchase of most of the company’s spectrum licenses.
Last week, the U.S. Bankruptcy Court of the Northern District of Texas ruled that FiberTower’s “Chapter 11 Case has been fully administered; and the Court having determined that the relief sought in the Application is in the best interests of the Reorganized Debtor and all parties in interest.” The full filing is available at the end of this article.
The ruling is noteworthy considering some FiberTower shareholders were urging the court to reconsider AT&T’s purchase of FiberTower, claiming that the deal unfairly assigned a value of $0.00 to hundreds of FiberTower spectrum licenses.
The issue appears to bring to a close FiberTower’s long bankruptcy journey. The company initially filed for bankruptcy in 2012, and early last year AT&T revealed that it entered an agreement to acquire FiberTower in one sentence at the bottom of a press release about a largely unrelated technology. Earlier this year, AT&T said it paid just $207 million to complete its acquisition of FiberTower.
However, the full details of AT&T’s purchase of FiberTower have not yet been made public, and therefore AT&T’s final price tag for FiberTower’s licenses may change. Indeed, one legislator estimated earlier this year that AT&T paid roughly $2 billion for the FiberTower licenses, based on the price Verizon paid for Straight Path’s licenses.
An AT&T spokesperson acknowledged that the bankruptcy court closed the case last week, but said the action was not a prerequisite for AT&T’s completion of the acquisition of FiberTower in February.
Nonetheless, the bankruptcy court’s ruling removes yet another overhang on AT&T’s purchase of FiberTower. That’s noteworthy considering Verizon too removed an obstacle to its own purchase of Straight Path’s spectrum licenses. Earlier this month, the FCC’s Wireless Telecommunications Bureau announced it will not stand in the way of Straight Path’s millimeter wave (mmWave) license transfer to Verizon, denying a request from the Competitive Carriers Association (CCA) to stay a Jan. 18 order approving the transfer. The bureau said CCA failed to meet its burden for a “grant of an extraordinary remedy” of a stay.
The CCA and others have raised concerns over Verizon’s Straight Path deal and AT&T’s FiberTower deal in part due to concerns that the transactions would put much of the nation’s available mmWave spectrum licenses in the hands of just two of the nation’s largest wireless operators. CCA and others have also argued that the FCC didn’t follow proper procedure in evaluating and approving the transactions.
AT&T’s purchase of FiberTower’s mmWave spectrum licenses, and Verizon’s purchase of Straight Path’s spectrum licenses, are key elements of the nation’s overall move to 5G network technology. Indeed, that technology was initially designed in part to support superfast transmissions in high-band spectrum. Moreover, demand among wireless operators for such mmWave spectrum appears to be growing, considering the FCC recently announced it's moving forward with a plan to auction 28 GHz mmWave spectrum as early as November.
CCA is trying to save a little face for their contributors. Unfortunately they don't represent the big boys who are ready to pour tens of billions of dollars into 5G in 2018 and 2019 and create some jobs.
Vuletini no 2.44M
Vuletini no lawyer
Vuletini no dinero
Vuletini no mas
Good one helloyah. You really are quip. But let us all break bread and enjoy the libations. We are all going to score!!!
A big number is coming for us given the StraightPath Deal.
Probably about the same as you Sandpaints old wise one. I did get a response from ATT on all my questions. They would not comment on anything and deferred to their press release and fcc docs. Si whats your next move? Search the board for plagiarism?
Thomas Scott is in, out, over there, over here etc....he probably has a jet on call paid for by Solus to cart him off to the Caymans at a moments notice. He values things in this role, that role...he signs off on things in this role, that role.....Is he The Joker? The Riddler?
Well chief you have to file petitions to the FCC, the courts, and probably have decent legal representation. The message board here isn't going to cut it. Where is Mr. Big Shot 2M Shares Vuletini? Or did he go cheap and want to ride the backs of Levy and Fahy?
Still no SEC Doc and still no response from Investor Relations.
I am not arguing with you horndawg77. As others have clearly pointed out if $207M is it, why didn't these Hedge funds gamble and allow things to go to the court room? All in, $207M, these guys could have made a little money off of it but not a lot. The more sensible action would have been to go for all the 24/39 and take it to a judge. The thing that is keeping everyone hanging on is the extremely low amount and the curtain draped over everything. It will be interesting to see if AT&T provides any response to legitimate questions a shareholder would ask.
All due respect.....it appears Sandpaints has left the building and vanished like a fart in the wind.
I don't expect much
Yes you are grasping at straws but the muddy waters of this whole thing leaves some hope. Here are the questions I sent to AT&T.
I doubt I will get detailed answers but you never know
Will you file an SEC Document on the acquisition that will provide more details and insight than what is contained in the press release?
Does the $207 million cover just the 88 licenses that Fibertower had prior to the settlement with the FCC or does is cover the 88 licenses plus the approximately 426 licenses(Approximately 514 in Total)?
If in fact the $207 million covers the entire lot of approximately 514 licenses then how did AT&T manage such a shrewd deal? By comparison on a MHZ-Pops basis which is the industry standard for measuring spectrum value AT&T paid approximately just 10 cents on the dollar when compared to what Verizon paid for Straightpath and its spectrum($3.1 Billion)
Are there any other Financial Payments that will be may by AT&T that are tied into this deal other than the $207M to Fibertower, $17M Voluntary Contribution to the US Treasury, and $12M Additional Voluntary Contribution to the US Treasury?
When does AT&T intend to start utilizing the licenses?
Today’s move follows an FCC order on Jan. 26, 2018 that resolved open regulatory issues and paved the way for AT&T to complete its purchase of FiberTower. AT&T plans to use the millimeter wave spectrum obtained in the deal to help meet its goal of being the first U.S. company to introduce mobile 5G in a dozen markets by late 2018.
"Paved" seems to reference the resolution with the FCC.
You got a reply but no information. If I get anything I will post it so the boys on this board can chew the fat on it.
Thanks. I sent in 4 - 5 direct and specific questions.
Atedmac, what were the exact questions you asked?
You may want to start with some direct questions to ATT Investor Relations.
Start the bus. Game over.
The time to act was a year ago. The ship has left the port.
Rosenworcel: U.S. needs to plan next spectrum auction now or risk ceding 5G leadership to other nations
https://www.fiercewireless.com/wireless/rosenworcel-u-s-needs-to-plan-next-spectrum-auction-now-or-risk-ceding-5g-leadership-to
Yes.
That may be but...
I do know for sure helloyah = nottoobright
Fibertower will definitely be on the call tomorrow for AT&T. Many headlines are painting a picture that they lost hundreds of licenses. You could say they lost 200 licenses or that they picked up 500 prime 5G licenses. Because the media likes to paint AT&T as the big bully on the block they spin it. Huge win for AT&T to get these licenses.
Story also posted to ZeroHedge.
While I find Zero Hedge entertaining they have the world blowing up and doomsday scenario happening every next Thursday.
https://www.zerohedge.com/news/2018-01-28/white-house-planning-nationalize-5g
Axios got its hands on PowerPoint deck and a memo, both of which were purportedly produced by a senior National Security Council official, which were presented to other senior officials at other agencies during a recent meeting. The documents argue that America needs a centralized nationwide 5G network within three years. There'll be a fierce debate inside the Trump administration, and an outcry from the industry over the next 6-8 months over how such a network is going to be built and paid for.
This is a far cry from Nationalizing The 5G Network. You could have Four 5G Networks running simultaneously and spliced off from those Four is dedicated resources and security for Government and thus you call that another network that was Nationalized.
They appear to have gotten their hands on a powerpoint presentation and have run with it. I am sure there are lots of dooms day nationalization presentations floating around Washington pertaining to all industries.
I don't think Vuletini got past Junior High. Not booksmart, not streetsmart, just lucky I guess that he fell ass backwards into Fibertower.
Building, Working with etc...is not nationalizing. When you say Nationalizing the implication is the Government is all over it with control. Of course the government is going to get a slice of the 5G network all to themselves. They are already well on their way with FirstNet. "Nationalizing" brings to mind Venezuela and the disaster they have become.
Vuletini confused by documents. Vuletini get headache. Vuletini lie down now. Vuletini head hurt very bad.
Vuletini is dumb as a rock and always has been. You would think a guy with his claimed 4.4% would have an attorney and be a little more insightful with his posts and information. All I ever see out of that chump is chest pumping and bar room talk. Complete Jabroni is that Vuletini.