Redevelopment of the old Motorola campus has been a long time coming. #austin #texas #bankruptcy #realestate #redevelopment
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MORE TO MY STORY TUESDAY – THE END OF THE PAGING ERA I am going way back in time for this story. My memory is fading, but I have enough data to note the highlights. Once upon a time, people wore these little black boxes clipped on their belts or pocketbooks called pagers or beepers. Many reading this post may have never seen one. However, pagers played a significant role in the evolution of wireless technology. Pagers were widely used to communicate in the 1980s and 1990s before the widespread use of mobile phones. They allowed people to receive short messages by displaying the caller's phone number, prompting the recipient to call back. As mobile phone technology advanced and became more affordable, pagers gradually declined in popularity. The convenience and versatility of mobile phones, which can make calls, send texts, and access the internet, made pagers less necessary. The last pager I saw was in the maternity ward when my last child was born, which was more than 20 years ago. My oldest child is now a doctor. I asked her if she uses a pager, and her answer was surprisingly yes. Most doctors now text or use apps to be summoned. In 2005 and 2006, PLF had the opportunity to assist Verizon in selling its paging business. Bell Atlantic Mobile was never really in the paging business but acquired it upon the creation of what is Verizon. Even though the technology was becoming obsolete, it was still popular and profitable. The transaction was complicated for many reasons, including: · The large number of corporate mergers, acquisitions, joint ventures, partnerships, and name changes over the years clouded the current ownership of the assets to be sold. I will not get into the weeds on all the acquisitions, etc., but I still have the charts! · The assets were held by dozens of entities, which required some pre-close internal assignments. · The assets were located across the entire country. · Over 1000 leases/agreements were in play for the repeater/transmission sites, many of which were not documented or lacked crucial information. · Identifying the current landlord for notice and consent was almost impossible. · There were 35 data points on our spreadsheets to complete for each of the leases/locations to create the schedules for the PA. · The assets were located in up to 740 markets. Despite these challenges, we ultimately negotiated a favorable Purchase Agreement with American Messaging Services, Inc., and closed the transaction. The work continued several months post-closing to document the consents and transfer of assets fully. As far as I know, the network is still up and working! #wireless #pagers #technologyupgrade
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"For example, the analysts at MoffettNathanson discuss arbitrage in terms of the difference in cost to serve rural areas (typically very expensive) versus urban ones (typically much less expensive). "Comcast CEO Brian Roberts has cited an absolutely startling statistic. Just 3% of their footprint [by square mileage] represents 60% of the [mobile] traffic. Think about the arbitrage opportunity that implies," they wrote." "Cable is currently charging as much as 30% less than AT&T and Verizon for wireless service, and they are already earning gross margins as high as 70%," the analysts wrote. "And their [wireless network] offload hasn't even started yet in earnest. Comcast has only just now begun deploying Samsung strand-mounted small cells. It is not inconceivable that they and Charter will eventually be able to offload more than 60% of their wireless traffic onto their own networks with only minimal incremental investment, boosting their already-high margins to as much as 85%."
The ongoing debate around MVNOs, cable and arbitrage
lightreading.com
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Check out Bob’s latest commentary!
Conn-tentious Plan, WeWorking the Angles, Party’s Over, and Ironing Out Some Issues. Read the latest bankruptcy-related news developments in our Back in (the) Black post by Robert Gayda here: https://lnkd.in/eygjiXs9
Conn-tentious Plan, WeWorking the Angles, Party’s Over, and Ironing Out Some Issues
backintheblack.sewkis.com
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T-Mobile US faces antitrust case over Sprint buy T-Mobile US was ordered to face a lawsuit over its acquisition of Sprint in 2020, as a US judge sided with AT&T and Verizon subscribers who filed a class action arguing the deal hurt competition and led to increased prices. The case was filed by seven AT&T or Verizon subscribers on behalf of millions of consumers who the claimants say were impacted by the $26 billion deal. Plaintiffs described the deal as “one of the most anti-competitive” in history and called for a range of penalties, including an undoing of the takeover. A judge found plaintiffs had plausibly argued higher prices in the US market “flowed directly” from completion of the deal, showing the reduction in competition resulted in AT&T and Verizon charging “higher prices than they would have otherwise”. AT&T and Verizon are not directly involved in the case. T-Mobile’s legal team described the class action as unprecedented and speculative. Reuters reported the team argued consumers should “switch to T-Mobile, not sue it” because they are dissatisfied with its rivals pricing. T-Mobile made numerous commitments around pricing, competition and jobs to alleviate competition concerns.
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Casa Systems sails into bankruptcy proceeding: US-based network vendor Casa Systems entered into a court-supervised bankruptcy process in an attempt to shore up its bottom line, which included an agreement to sell-off its 5G mobile core and RAN business to Lumine Group. The company has asked a bankruptcy court to approve the transaction by the end of April. Financial terms of that deal weren’t disclosed. In addition, Casa Systems entered into a “stalking horse” agreement with fixed access network technology specialist Vecima Networks to sell its cable network technology business for $20 million. Dell’Oro Group VP and analyst Jeff Heynen explained in a blog post the stalking horse bid “sets the low end so that any additional bidders can’t underbid the purchase price”. The vendor requested the bankruptcy court approve procedures for soliciting additional bids and to set an auction for mid-May. Casa Systems CEO Michael Glickman chalked up the Chapter 11 bankruptcy proceeding to “a significant decline in revenue and profits due in large part to industry-wide downward capital investment and procurement trends in the cable and telco markets”. While the company initially made its mark selling broadband equipment to cable operators, Glickman noted it incurred significant investments to bring its 5G mobile core and RAN products to market. In 2022, US operator Verizon made a $40 million investment in Casa System that resulted in a 9.9 per cent ownership stake. In connection with the sales process, Casa has entered a restructuring support agreement with more than 98 per cent of its senior secured lenders that will enable it to use cash on hand and the proceeds of its proposed cloud/RAN sale to fund its operations and the Chapter 11 process. While it winds its way through bankruptcy, Casa Systems stated it would continue to support its customers and partners throughout the process. The post Casa Systems sails into bankruptcy proceeding appeared first on Mobile World Live. http://dlvr.it/T55dBP
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Product Owner / Engineer / Digital Operations & Systems Reliability / Technical & Incident Support / Project & Change Management
Following the Mint mobile #acquisition, T-Mobile now plans to acquire most of U.S. Cellular in a $4.4 billion deal, including stores, spectrum assets, and customers. T-Mobile will gain 30% of U.S. Cellular's wireless spectrum to improve rural coverage. U.S. Cellular retains 70% of its assets and leases space to T-Mobile. Thoughts on the acquisition aside, let’s hope that this does in fact “improve” the coverage for rural America.
T-Mobile to acquire most of U.S. Cellular in $4.4 billion deal; U.S. Cellular shares surge
cnbc.com
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Here comes the M3. With the challenges in digital forensics with the M1 and M2, acquisitions of these devices should only get more difficult.
With new Macs on the way, here’s what to expect from the M3 chip — Macworld
apple.news
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Are you aware that ASIC has a long history relating to matters in other States where there have been very serious offences committed and ASIC has turned a blind eye? Following the Robodebt Inquiry do you think perhaps there should now be an ASIC Inquiry?
The family empire behind a succession of company collapses, defective buildings and unpaid tradies
abc.net.au
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What can be achieved when market reality does rule as opposed to government zoning rules and controls! NOTE this is rental apartments - almost as many rentals as Toronto is building condo and note 7% vacancy and a 5.6% rent reduction! SUPPLY is only path/solution forward to affordability.
WOW STAT: About 25% of all #apartments in Austin were built in the last five years. More great intel on the state of the Austin apartment market from Kim O'Brien here: https://lnkd.in/gkDYFQPK
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