Alltel Employees' & Agents. VZW trolls welcome!
When we were purchased by the two investment firms last year their intentions were to sell us off and make a pretty Pennie, well they are going to do just that. 5.9 billion to be exact. Not bad for one years worth of work.
The only thing that has remained consistent in the cell industry is that Sprint losses money and things are always changing. There are still places that don't have cell coverage and to stay competitive with fewer companies maybe a buyout of this magnitude may finally completely...
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Where at in ND are you located and are you Indirect or Corporate?
I can not reveal much to you due to the EDA and confidentiality but I will say that there are some good alltell reps that will be compensated for the transistion very very well. The gripes you guys have are understandable when it comes to terms of conditions and contract status, but VZW will make it easy for you to start selling the brand....because you have been doing that basically all along, same CDMA network, Same type of phones, besides the mycircle you have been dealing with the same plans and same WFG we have been using for years.
As for VZW being in 30 billion in debt, that couldnt be further from the truth....
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Nobody can predict what is going to happen. The FCC and the DOJ both said the did not see any major anti-trust issues, however divestitures are inevitable. In some markets Alltel and VZW are the only carriers. There is no way they are going to let VZW be the only carrier in those markets , pending what you say "roaming agreements will satisfy both the DOJ and the FCC". Get real!
As for the VZW debt- $35,544,960,098 released by Verizon! $32,122,232,094 before interest.
http://investor.verizon.com/income/outstanding_debt. ... »
You'd b...
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I think you should read it again.
http://query.nytimes.com/gst/fullpage.html?res=9403E ... »
Just like in the previous article once the loan matures, the interest is added on. Which is exactly what it is explaining.
VZW is owned by 55% VZC and 45% Vodafone.
http://investors.com/editorial/IBDArticles.asp?artse ... »
The bottom line is nobody has yet to dispute that VZW is not in debt.
Please don't be blind to accept it. Its just the facts.
VZW and VZC are both in debt. Most all of your major carriers are.
"Verizon Wireless' increased debt will delay the resumption of dividend payments to its co-owners until 2012, at least two years longer than projected. That may reignite calls from Vodafone shareholders for the world's top wireless firm by revenue to sell its stake in the joint venture, some analysts said."
http://investors.com/editorial/IBDArticles.asp?artse ... »
Straight from the third article I posted for you.
Don't lie to yourself or try to fool anybody.
So far I have backed everything with proof and recent articles.
Do you have anything proving what you claim?
Please go back and read th...
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thbarnes said:
I am 99% confident that the SEC, FTC, and FCC will mandate that Verizon sell off towers, stores and spectrum to competitors in areas where Verizon and Alltel are the only two carriers.
You should have listened to the other 1%. They can not mandate this, we only have to agree to roaming propositions and thats only when it shows a upside for the company who owns it.
Mr. Sales Professional please support your post by facts. Nobody cares about your personal opinion. You are not going to be a trainer in Arkansas. You have made yourself out to be that Mr. Know-it-all that nobody likes.
You must support such allegations with facts and research, not guessing!
IamTheGodfather said:
You should have listened to the other 1%. They can not mandate this, we only have to agree to roaming propositions and thats only when it shows a upside for the company who owns it.
Tell me if I'm wrong but isn't VZW having to sell off some of the Unicel markets?? PER the DOJ and such! I guess they can mandate it...at least according to the first sentence
http://news.yahoo.com/s/pcworld/20080610/tc_pcworld/ ... »
PS sprint is in SD. It is not competition. it is just a laughing joke!
Att is planning on moving in... but their service will be crap compared to the VZW-ALLTEL coverage that is to be expected.
Where did you hear about ATT coming in? Do you have proof or just rumors that you heard?
Don't you think Alltel A side will be divested?
What makes you think the FCC & the DOJ will let them keep both the A and the B side of the CDMA network in SD?
And yes when we moved in here and took over CellOne all existing plans were grandfathered in. You could renew, but once you added a line you were required to change over to an Alltel plan.
Again, make sure you read the first post........
I know you were directing most of your comments towards the Verizon guys, but much of what you said could just as well be said to all the Alltel people who are suffering knee-jerk reactions to the purchase. Adopt a calmer approach, things might just work out for the best for everybody involved.
Your analysis of Verizon's financials is flawed. We can debate it in depth, if you wish.
My target was for everybody who is worried and/or excited about the upcoming changes.
Please read the post tree that discusses the VZW financial's. I have linked three articles to support my message and then please inform me on what you disagree with. Again I am only in is to improve myself a my employees of my stores.
But overall I will take your post as a compliment and look forward to hearing what you have to add.
Your statement of Verizon's debt is valid but your conclusions that you draw from it are not. Much of Verizon's current debt was obtained in last year with the 9 billion dollar purchase of 700 MHz spectrum and the 25+ billion purchase of Alltel. Of that debt, two thirds is being spent on immediate infrastructure (growth), that is, customers and existing equipment. These play heavily into Verizon's financial plan.
Take a look at the pdf found in this thread to see where I'm going here. https://www.phonescoop.com/carriers/forum.php ?...
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You state that most of VZW's debt comes from the Alltel purchase. They are not going to exchange the debt until the deal closes, right?
Vodafone did bailout VZW when it came to the end of the 700MHz auction. They had something like 4 days to come up with the money and Vodafone came through for them. I went back to look for the article, but came up short.
Alltel used to have a brand promise of being debt free. In fact I still have literature that advertises; My Circle and Debt Free on them. It was not on there very long as they shortly acquired something around 2 billion and was sitting on ...
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I don't know that Verizon will ever be debt free because it can cheaper to finance debt than to pay out of pocket for expenses. Debt is really only one part of a much larger picture when it comes to the overall financial strength of a company, so I would not use that in my advertising as a publicly traded cell phone company. A privately held company, such as Alltel, would find value in that statement, especially to their employees.
2-3 years to pay off the debt? Maybe, depending upon how agressive they want to be. Verizon has that 700Mhz rollout to consider. They also may c...
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So the conclusion that I am getting, yes VZW is in debt, but it is not a great stand point to debate. If so, I'm good with that.
Any thing to add?
rmtp22 said:
Keep in mind VZW guys before you go open your reputation, VZW is over 30 billion in debt and brings in 47 Billion in revenue. Their obviously spending more money then they make.
30 bil in debt...... 47 bil in rev..... = losing money?!?!?!?!?!?!?!?!? You contradict your own "figures" buddy......
Let's see, if you read the last sentance its says, "Their obviously spending more money then they make."
So if you make $10 per hr and spend $12 per hr, then you will aquire debt.
If you wish to debate the facts, I welcome any new information. But you must read all post trees and will see that I have already posted three articles supporting what I have previously stated.
Unless you can find supporting information that shows otherwise, your post tree is dead to me.
Are we good buddy?
well by the last article you put up. vzw was only in debt of maybe 16 billion. they only have to put up 5.9 billion and assume 22.2 billion.so with those amounts,vzw was only in debt for...
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Yes they had to put up 5.9 in cash for the books and assume 22.2 billion in debt, which was acquired when TPG initially purchased Alltel last year. TPG made 5.9 billion for one year of work, not bad. If you have read the original post you'll already know. I am not going to get into the breakdown again.
How much of that was from recent buys? I don't know I am not the one defending VZW - you are, so you can explain away why their in debt, I don't need too.
At a 45% stake, Vodafone would not have a say in purchases, just influence. Look at it this way- If Pizza Hut Corp. owns 51% or more of the market/state. Corp. gets to determine what tv com...
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revenue = pay
debt = spenditure
so vzw MAKES 47B and owes ~30B
so thats a ~17B GAIN each year. so how are they losing money?? or spending more than they make??
yea they spent a good amount of money recently. but they still make enough to offset that spenditure
If you spend more you will create debt. Otherwise they have a positive balance.
47 billion - z = -30 billion.
What does the variable "z" equal?
When you get out your calculator notice the
"-" in front of the 30 billion. It makes a difference when doing this type of math.
If you want to carry on this debate further, you must start suppling articles that support your arguments.
PS. Vodafone loaned them the money for the 700MHz spectrum.
Please follow all post trees to see supporting documents.
$47billion made
-$30billion spent
=$17billion profit
Where is the loss? Anytime a company takes in more than what was spent, they don't take a loss. They make money as I showed above.
That is what we are having a hard time with.
IF they are $30billion in debt, then the first year they bring in $47billion, they are out of debt. 47 is a larger number than 30.
What you are doing is doing it like t...
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I never stated anything about spending 30 billion, you came to that.
I showed the first number and the end number.
Like this-
47b - z = -30b again notice the negitave sign in front of the 30, it will make a difference. z = spending. I never populated the z, it should be pretty easy to come to a result
If you make $20per hour and are over drawn $10 at the bank. After the first hour of work you put $10 in your gas tank and $10 for lunch, your still in debt. Simply because you are spending more than you make.
Phoneguy I think once you have read the post for yourself, you'll see this.
"Alltel Employees' & Agents. VZW trolls welcome! by rmtp22 Jun 12, 2008, 2:53 PM
Keep in mind VZW guys before you go open your reputation, VZW is over 30 billion in debt and brings in 47 Billion in revenue. Their obviously spending more money then they make. Yea I know monies are cheap and with big brother (Vodafone) giving you dollars to make it happen. Has one of you said gee thanks Vodafone or do you really believe that business is that good. Thats what you need to think about next time your by yourself in the car, would this really be happening this way without Vodafone? But overall it has to be a great year to be on the VZW team."
47 in rev. and 30 bill in debt could only mean one thing.
I did my fair share of research before I posted a thread of that length.
My conclusions make perfect sense.
You are leaving out expenses.
Revenue-expenses=profit
And when it looks like this....
47b - z = -30 z=spending/expenses
VZW is spending more money than they are bringing in. Unless you can prove that VZW makes more than they spend, then they have debt..
I think I am uncertain that you understand this.
Is it hard for you to grasp that a company as big as VZW is in debt? You keep implying that they have enough money to pay all of their expense and and become debt free all in the same year. I have shown the evidence and links in previous tree post and am not going to get them again. You can go look at them they are in the first couple of trees. But they show years and years of 30+ billion in debt.
If you would like to debate profit and what they are spending their money on, then you need to supply evidence supporting your arguments. You have the burden of proof on your shoulders. My ar...
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All you have is speculated and not proven.
Keep up with me? You posted 3 post last night, I responded to your 3 post. We exchanged 2 post last night. This morning my I wake up an you've posted away again.
I'm just supporting what I originally posted. What's your excuse? 😲
I can't hang with you. Your saying one thing and doing another. You had over 20 post yesterday!
Are you conceding the arguments?
😁
Your last two post are not relivent.
How hard is it to grasp your little brain around an equation like this-
47b - z = -30b z= expenses/spending.
Do you have a credit card? And have you ever received a pay check that is bigger than the balance owed on the cc? But you had other bills to pay or had rent or a mortgage to pay? And the CC balance carried over to the next month or year?
Then you my friend should understand , how one can bring in more money then they are in debt. But have to pay employees and other major operating expenses and still remain in debt.
You can't just jump into a debate after it has been going on for a while. You have read debates when they were already at or close to being dead. Pretty easy to become on...
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I Guarantee without a shadow of a doubt (having spoken already to some VZW regional mgmt) that the My Circle is going bye-bye. My Circle was consolation prize for Alltel customers and a way for Alltel to say "Im Sorry we have crap coverage and cannot offer you competitive rates that include nationwide roaming".
VZW is the most expensive carrier in the United States they have never ever given away anything to get to where they are and they have no reason to start now by offering plans similarly priced to what they have now that include My Circle.
At this point there is no feasable buyups, mergers, or what...
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Will
See what VZW will do is called "Grandfathering" the plans of the Alltel customers. Meaning as long as they do not want a VZW phone or Plan then they will get to keep their existing plan offering them the same coverage and rates they had before for the duration of their existing contract.
Meaning when their contracts expire and they want to update their plans or phones or when they break their phone they will be migrated over to a VZW phone and plan. This does not break the contract the customer signed and is just what like Cingular did when they bought MCI Worldcom or what AT&T did when they purchased parts of Cellular One and Dobson Cellular. And just like w...
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