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its over folks, as much as i would love to hold on hope for something, its not gonna happen. we learned a lesson from this shakedown sh*t-show
i think the game is over. Something unprecedented would have to be done to restart this process and include old ftwr shareholders. Old ftwr were def screwed, just saw an article about current status of 5g, and the author stated that AT&T was so far ahead of everyone bc of ftwr purchase, so clearly if that purchase was so good its unfair to other carriers then it should have reflected that in acquisition price.
https://investorplace.com/2018/08/3-best-wireless-stocks-to-buy-for-the-5g-rollout/
"The 5G data signals run so quickly that fiber is often needed for backhaul to get the full effect, and the company has been rolling out fiber for years. Its purchase of FiberTower was controversial… because it might give AT&T an unfair advantage when it comes to 5G rollout frequency."
yea, i think its over. we got hosed, ATT slid this one by everyone.
so , old shareholders are out of luck right? the game must be over for us. i dont see how there could be more to this deal and AT&T not disclose it.
how can a public company not release all the info? have they ever said more details are coming? Or have they said the $200 million is the final?
I thought it wasn't the final number either, but at this point so far along with no mention of other monies coming to the deal i fear that it is the final number. will we ever find out the deal? prob not to be honest, i think we're up sh*ts creek.
so are we calling this thing dead? i dont think theres anything left, old shareholders get nada i guess.
WHO CARES?!?!? save your energy for arguing with SEC/ATT/FTWR. lets just move on from this and focus on what the next move is. I mean we're probably dead in the water, but still bitching at each other doesnt do a thing.
stop the stupid bickering. we all want $$ for our ftwr stock. Arguing over stupid s**** does not help
i guess... i hope you all are right. ill keep the hope candle burning a little longer.
I think its over. it's telling how shady AT&T is handling this. if they were going to make an offer to old ftwr they would of said so. whats the point of hiding a payoff to old ftwr? i dont see any reason why they would hide it.
the billion on the balance sheet does align with that US congress member who said the estimated deal is around $2 billion.
the rollercoaster of emotions w/ this POS sucked. it's really looking old ftwr are on the outside looking in.
thanks for your insight JL, i think everyone is on edge, 6+ years of following this POS and the roller coaster of emotions has been draining.. i cant wait till this thing is over and done. obviously i want to get paid as former shareholder, but man, this thing sucks and i cant wait to get it out of my life.
was that from today? where did you get that info?
w/ the FCC rejecting CCA's stay on STRP, almost guarantees same will happen with FTWR, as STRP was much more egregious with their lack of buildout.
when the hell do we hear the final transaction details?? they cant keep us in the dark forever, or can they?
"..... but that, to the extent that they have any interests, their allegations raise
private, contractual disputes over which the Commission routinely declines to exercise authority under the ...."
does the whole transaction in its entirety have to become public on april 10th?
so kilpatrick release seems to intimate 200 mill was the deal and it was a steal (stuff we already knew). is there something im missing?
yeah you could be right about the break up clause and the ammendment after STRP sale. Its crazy how in the dark we are about this whole thing. its beyond shady, and i wonder if we ever are going to find out what exactly happened.
i hope you're right on that price. the settlement agreement does look promising, but i dont know if it will be in the billions, AT&T didnt have a bidding war so its likely to be on the lower end of valuation.
welp, there's the answer to "how did they let strp get away without building out, and penalized ftwr?"
looks like they dropped the largest penalty on STRP, $600 million.
tide has turned? im not trying to be rude, but did i miss something (entirely possible w/ this confusing as hell situation)?
Last week i got the impression that former ftwr shareholders are getting screwed.
this is all so confusing and the waters are beyond muddy. unfortunately, i think thats the perfect climate for us to get completely screwed. i do not have a good feeling. sorry for being a downer.
most articles say AT&T aquired "hundreds" of licenses, so i think it was the whole kit and caboodle
https://www.mobileworldlive.com/featured-content/top-three/att-closes-fibertower-spectrum-deal/
AT&T closed a $207 million acquisition of FiberTower, adding hundreds of mmWave spectrum licences to its portfolio.
In a statement, the operator said the transaction provides it with a “significant footprint in the 39GHz band,” with an average of more than 375MHz of spectrum in the top 100 US markets.
one of the first articles i have seen that mentions old fibertower shareholders ...
T-Mobile and the Competitive Carriers Association wanted the FCC to auction FiberTower’s 24 GHz and 39 GHz licenses instead. Some of the former FiberTower shareholders opposed the deal; they argued that an earlier FiberTower bankruptcy proceeding was unfair to them because FiberTower’s spectrum holdings were valued at an artificially low level. Rural western carrier M&M opposed the deal as well.
The Commission found M&M’s argument moot because FiberTower agreed to surrender the two licenses that overlapped with M&M licenses. As for the T-Mobile and CCA arguments, the FCC finds allowing the license transfer will likely enable that spectrum to be deployed rapidly for 5G, serving the public interest. The agency also said the shareholder’s arguments relate to FiberTower’s bankruptcy proceeding and they’re not something for the agency to decide.
https://insidetowers.com/cell-tower-news-fcc-greenlights-39-ghz-license-transfer-fibertower-att/
i didn't see this article linked. if it has been already i apologize for the duplicate.
is there a time limit on disclosing all details of the transaction?
Pardon my ignorance, but wouldn’t a government takeover be good for us? In eminent domain the government has to pay market value. Which would probably be way more than att is going to pay.
thank you, im not trying to be lazy and not research, its just all very confusing. thank you for being clear
i did read through but i see conflicting valuations. is the 20% $135 million, or $60 million? i guess it doesn't matter because if either one is the price there is nothing for shareholders.
could they be paying one of those values in cash and then swap T shares for FTWR and that not be considered in those valuations?
im trying to piece everything together regarding this news. can someone tell me if im understanding this correctly. the fibertower aquisition by att is going to be around $60 million? is this for the entire company and all its holdings? or just for some?
sandpaints, are you saying they will take away some ftwr liceses leaving the value of ftwr short of what the common needs to get paid out?
new article about AT&T announcement.
https://www.mobileworldlive.com/featured-content/top-three/rivals-seize-on-questions-around-att-5g-plan/
no way there's a decision by year end. Everyone has checked out until 2018. i dont think there is any way a decision comes down this time of year, it will probably hafta wait until jan/feb of 2018.
one of the most important comments was from Ray saying he talked to investor relations at ATT and they are confident this will be resolved before YEAR END! finally, we got some guidance on when this will all end.
I just can't wait for this to be over. its been such a long haul with this company. The ups and downs, the constant moving of the goalposts with regard to the timeframe of the decision. I'm so sick and tired of this company, and the same arguments for and against. I will be so relieved when this is over, of course, i want to be richer and relieved, but FTWR has really beaten me down over the years.
wireless, do you think it will be a stock swap if shareholders get paid? i would say ~$400-$500 mil is an equitable deal pre-strp bidding war. before the first $1.6 billion bid on STRP, it was valued around $400 mil. w/ T being around $40 they could do a 4 to 1 stock swap.
i missed this article too, it's from 2015 and linked to in the previous article. Very bullish on FTWR retaining ALL licenses. http://www.commlawblog.com/2015/04/articles/wireless-telephony/back-from-the-near-dead-new-life-for-fibertowers-licenses-thanks-to-the-d-c-circuit/
At first glimpse, the Court’s opinion looked like bad news for FiberTower. A statutory argument it presented to the Court got tossed immediamente because it hadn’t been presented to the FCC below, as required by Section 405 of the Communications Act. And FiberTower’s arguments about the FCC’s interpretation of its substantial service renewal standards – i.e., that that interpretation is bad policy – didn’t get very far either (thanks to the deference to which the FCC is ordinarily entitled).
But in the renewal applications relative to 42 of its licenses, FiberTower had indicated that it had in fact completed some link construction and initiated some service. The FCC’s orders had not addressed those showings at all. In fact, the Commission had even gone as far as saying that there had been “no construction of any facilities whatsoever” and “FiberTower was seeking a finding of substantial service without any construction of facilities.” Since (in FiberTower’s view) its showings had demonstrated construction of at least 42 licenses (and satisfied the Commission’s “substantial service” standard), the Commission’s failure to address those showings was fatal error, at least as far as those 42 applications were concerned.
Before the Court, the FCC countered that FiberTower hadn’t raised that particular argument before the agency. (This was the same Section 405 approach that the Commission won on with respect to one of FiberTower’s statutory arguments.) But, wouldn’t you know it, FiberTower had raised it – albeit somewhat obliquely and with virtually no detail – in an application for review it had filed with the Commission. That being the case, the FCC had been given an “opportunity to pass” on the issue, which is all FiberTower needed to do in order to allow it to make the argument to the Court.
So FiberTower ends up with 42 and loses the other 647, right? NOT. As it turns out, all the licenses were set to expire in June, 2012. FiberTower had requested a waiver of that deadline, which the FCC denied. But in so doing, the Commission had “acknowledged that the proportion of licenses that have been built out may be relevant to its extension analysis.” In other words, if some of the licenses had been built out, an extension of all of them might be warranted. Since 42 of the licenses might indeed have been built out, the possibility exists that, upon consideration of that fact, an extension with respect to all FiberTower’s licenses might be in order. Accordingly, it appears that the Court has left open the prospect for renewal/extension of all 689 licenses.
So FiberTower’s 689 licenses appear to live on. The likelihood that the FCC will eventually relent and leave them all in place is impossible to gauge at this point, but at least FiberTower’s prospects are better now than they were before the Court’s opinion.
article on http://www.rcrwireless.com/20170201/carriers/att-to-buy-fibertower-for-millimeter-wave-tag4
FiberTower almost lost its spectrum licenses several years ago when the FCC cancelled its licenses because it had failed to build infrastructure to deploy the spectrum. At the eleventh hour, the company demonstrated it had built out some of its spectrum and avoided the loss of its licenses.
TBH, I'm gonna be so relieved when we FINALLY get the decision, any decision. this thing has been dragging on for so long, and we've all been arguing the same points since 2013. Of course I want all of us to cash in , but damn, this thing has worn me down.