Cingular Wins bid for AT&T Wireless 359
Newer Guy writes "Cingular has won the bidding war for AT&T Wireless with an offer of $15 a share, or about $40.5 billion." This means Vodafone is out, and the number of competitors for wireless devices in the US is down by one.
It also means... (Score:4, Funny)
Re:It also means... (Score:2, Insightful)
Re:It also means... (Score:2)
Just when I though AT&T Wireless couldn't get any worse
Amen! (Score:5, Interesting)
Also, Cingular screwed up my billing on almost a monthly basis. They kept claiming that I was delinquent on my payments, only my payments go out automatically 5 days in advance (I never incurred extra charges, so it was a flat fee every month). I know they got the payments on time, but they'd feed me the "You have to allow us 5 business days to process your payment" BS. My bill is paid the day you receive the check, not the day you get around to telling your computer system that it's paid. Heck, they cash the checks before they enter them in to their system, all of my checks were cashed 1-2 days before the due date, but they still told me I was delinquent.
I'd call every month, and every month, they'd take off the late fees when I complained about it, but do you know how old this gets? Every single month calling them to get them to correct their errors. I switched off of them and evaluated AT&T and Verizon as potential new service providers, and decided on Verizon only because of the glowing testimony given by a coworker, who also lent me his phone for a day so I could check to see if those dead spots (eg, my house and my work) in Cingular's network were there for Verizon, when they were non existant under Verizon.
If I had switched instead to AT&T, I'd be canceling my service right away even if it meant I had to suck down the early termination fee.
Re:Amen! (Score:2)
Apparently rural areas were run by francised tower operators who frequently billed Cingular late or quarterly or something...
So you'd drive into an affected rural area and use the phone for a couple of emergency calls (remember this is expensive roaming in those days)... then you wouldn't get a bill!
Strange, eh?
Well what would end up happening is that you would get billed for l
Re:Amen! (Score:5, Informative)
You think that's bad? (Score:3, Interesting)
For a while every time I sent them a payment they'd send me a check back for the same amount a couple of weeks later, along with a delinquient bill. Apparently they were crediting my payments to an old closed-out account I used to have a few months prior (funny - they accepted the first few payments just fine). They DID NOT return MY check (as if it had bounced or something) - they cashed my check and wrote me back a che
Re:Amen! (Score:5, Interesting)
I had to threaten to file a formal complaint with the state commerce commission and FCC (funny how ears suddenly perk up when they realize you know the difference between a gripe letter and a formal complaint) to get them to cancel the contract with no fees.
I switched back to AT&T and have been using them ever since. No problems connecting anywhere in North America, including some places I really don't expect to get a signal.
sph
Re:It also means... (Score:3, Informative)
Re:It also means... (Score:3, Informative)
Re:It also means... (Score:2)
Re:It also means... (Score:2)
Re:It also means... (Score:3, Informative)
Heads Up! (Score:5, Funny)
I go from the company with the absolute worst customer service in the world to the company with the absolute second worst customer service in the world, who just inherited the title of "worst" as the worst is now gone....
Not to, uh, sound selfish or anything, but who were you thinking of going with next?
Even if Vodafone had won the bid... (Score:5, Informative)
Re:Even if Vodafone had won the bid... (Score:3, Informative)
Had Vodaphone won, they would have had to divest in Verizon. Thus, Verizon loses Vodaphone, but AT+T stays as their own company.
Vodafone's stock price... (Score:5, Informative)
... rallied after it was announced that they had lost the bid for purchase of that ATT segment to Cingular.
A lot of relieved Vodafone investors (or potential investors for that matter) then who it seems didn't have much confidence in the ATT buyout.
Now, next try for Vodaphone: Vivendi [forbes.com].
Re:Vodafone's stock price... (Score:5, Insightful)
Rest assured that if Vodaphone announces a deal for Vivendi, the stock will drop once again...
Re:Vodafone's stock price... (Score:5, Interesting)
Another one bites the dust (Score:4, Insightful)
In the end, it's the consumers who will lose out with this consolidation of mobile providers.
Re:Another one bites the dust (Score:4, Interesting)
Re:Another one bites the dust (Score:5, Interesting)
Also, with the new Cingular Nation plan - you roam all the available GSM network through out the US with 0 ( zero ) roaming charges. And not to mention the choice of handsets I get. I think this deal will benefit the customer more than it harms.
Re:Another one bites the dust (Score:4, Interesting)
Perhaps they will also fix the horrible AT&T CSR attitudes and their insistance on hanging up on you when they don't feel like helping.
Or, maybe not.
Re:Another one bites the dust (Score:3, Interesting)
"Roaming" means using another network, and because "national roaming" (i.e. roaming
Re:Another one bites the dust (Score:3, Interesting)
Re:Another one bites the dust (Score:5, Informative)
"AT&T's network is CDMA. Current AT&T phones won't work on Cingular networks, and vica versa. They wouldn't improve their coverage at all, instead they'll wind up slowly migrating all of their phones to one network, selling off the other set in the process."
I'm curious as to what market you're referring to? In western Washington state, AT&T is selling TDMA and GSM phones (I just bought a TDMA-version Motorola v60). They're referring to GSM equipment as "next-generation network" capable, so it appears that they're trying to migrate to GSM. The carriers in this area use the following technologies:
Re:Another one bites the dust (Score:3, Informative)
Re:Another one bites the dust (Score:3, Informative)
Digital network breakdown (Score:5, Informative)
AT&T's TDMA network had great nationwide coverage, and they were the first major provider to offer a nationwide no-roaming plan. My understanding is that their GSM network isn't nearly as good yet.
Vodafone (which is a major provider in Europe, where everyone is GSM) is also a major shareholder in Verizon, which uses CDMA.
Here's the list of the major providers and their network types:
Re:Another one bites the dust (Score:2)
vodafone is already the most expensive here (uk) and we have 4-5 carriers
Re:Another one bites the dust (Score:2)
Re:Another one bites the dust (Score:2)
but it doesnt
Re:Another one bites the dust (Score:3, Informative)
In the end, it's the consumers who will lose out with this consolidation of mobile providers.
Not necessarily. Around here (south east new england) AT&T wireless sucks. Their service is crappy, they have more dead spots, and they charge more and give you less. Of the 5 people I know who switched to them, 4 switched back to someone else after 3 months. Also, I'm a cingular customer. Currently, I'm on one of the old Cingular Nation plans (no
lets just wait until (Score:4, Insightful)
Re:lets just wait until (Score:5, Insightful)
Re:ARGH! FUCK GSM! (Score:4, Funny)
Re:ARGH! FUCK GSM! (Score:4, Funny)
Which provider were you with again? The phone I was looking at had a built-in camera, but nothing as extravagant as a cocksucking device and an espresso machine. Wow. Just... Wow.
Re:ARGH! FUCK GSM! (Score:4, Insightful)
And besides that, if you don't want to use those phones, don't. Sure, it's getting harder to find phones that are just basic phones, but if the freebie phone you get with your service contract also happens to have a camera that you never use, who gives a damn? If it comes in handy, you'll have it and if it doesn't, you'll ignore it. No loss either way and no hardship on your part.
And further, what does this have to do the overabundance of people driving SUVs and not paying attention to the road? Or with talking on cell phones while driving? Get a grip or get a hug as someone else suggested.
-N
Consolidation Good (Score:5, Insightful)
Re:Consolidation Good (Score:5, Informative)
AT&T... (Score:5, Interesting)
Then I moved and they renewed my contract without telling me. I didn't know until the end of the year when I called to renew and get a deal and found out that I wasn't up for renewal for another five months.
Over the course of the past year, my bill has been incorrect on three different occasions, two of them, I just paid because I had absolutely no desire to deal with the customer service team. Long hold tiimes, RUUUUUUDE people and some of the worst double-talk about their policies.
I just thought it was interesting how they started to go down the tubes and now this. I'm not saying that one less competitor is a good thing, but AT&T wireless customers really don't have anything to lose here. It can't get much worse...
Re:AT&T... (Score:3, Informative)
Re:AT&T... (Score:2)
Re:AT&T... (Score:3, Funny)
Re:AT&T... (Score:4, Informative)
As someone else has said, it can get much worse.
-N
Re:AT&T... (Score:3, Insightful)
I want to switch to T-mobile for the data service and better Twin Cities coverage.
Re:AT&T... (Score:2)
However, I am assuming that this merger will take longer to complete than any existing contracts that are out there now. And if not, there is probably some legalese in there that transfers existing contracts over, as long as they don't screw around with the features/prices you agreed to.
Of course, IANAL.
Re:AT&T... (Score:3, Informative)
Re:AT&T... (Score:5, Insightful)
Re:AT&T... (Score:3, Insightful)
I'm *really* not looking forward to this. All i can do is hope that the ATT side takes over the call centers.
T
At least it's GSM... (Score:5, Interesting)
Re:At least it's GSM... (Score:2)
Re:At least it's GSM... (Score:5, Informative)
Re:At least it's GSM... (Score:3, Insightful)
-N
Re:At least it's GSM... (Score:3, Interesting)
Approximately 450 million handsets were sold last year. How many were GSM handsets sold in the US?
'nuff said
Re:At least it's GSM... (Score:3, Informative)
Re:At least it's GSM... (Score:4, Insightful)
Because the cell phone producers have to make special versions of their hardware to work in the U.S, which increases effort and in the cases where they bother, also increases costs. Your phone is both out of date and expensive because of the work required by companies like Nokia in making it work in the U.S
Besides which millions of Americans do travel to Europe and millions of Europeans travel to the U.S The U.S carriers are missing out on millions of dollars of roaming-call charges because the vast majority of those millions of phones moving in and out of the country don't work and therefore, cannot make calls on their network.
Re:At least it's GSM... (Score:3, Informative)
-N
Verizon's response. (Score:5, Funny)
(wait for it)
(wait for it)
NO CARRIER.
SHIT!
I'm a current Cingular customer (Score:2, Informative)
Cingular (Score:4, Funny)
Now what? (Score:4, Interesting)
Vodaphone's stock price.. (Score:2, Insightful)
..
A lot of relieved Vodafone investors then -- or potential investors for that matter -- who it seems didn't have much confidence in the ATT buyout.
Now, next try for Vodaphone: Vivendi [forbes.com].
why... (Score:5, Insightful)
Every wonder why wireless phone service is becoming cheaper than wired? Ever wonder why your wired service is a few decades behind in technology?
Ever wonder why you can get a broadband cell phone set up immediately, but you often have to wait a month for DSL installation?
Say what you want about the wireless market, it will soon offer better services at cheaper prices than wire. And the difference isn't technology, it's regulation.... it's the legislated monopoly that claims to protect consumers. But nowadays, poor folks who talk a lot are using wireless phones, because it's cheaper.
Competition (Score:5, Interesting)
Is it inherently a bad thing to have one less competitor? Isn't competition supposed to only be the path towards customer satisfaction? In the world of wireless, where the end is good coverage, an excellent infrastructure, and flexible plans, as long as competition fosters these things it's good to have one more carrier in the fray. However, AT&T has arguably the worst network and worst coverage of any provider. Having them swallowed into a much larger network with much broader coverage is not inherently a bad thing.
This is not to debate the merits of Cingular's network or to compare their coverage or plans with Verizon, T-mobile, or Sprint's--this is simply to say that beleagured AT&T customers serve to gain from the acquisition.
Competition - rule of three (Score:5, Insightful)
Fishing around on the web for a synopsis of this theory, I came across this:
"So why three? The authors contend that markets are inherently efficient, and three competitors is the best number to promote and sustain that efficiency. Having two companies will lead either to monopoly pricing or to the two destroying each other, and more than three leads to overcapacity and perpetual price wars.
Thus, when faced with three established competitors in a field, you want to think long and hard about whether you're willing to spend the money to knock one of them off. Consider instead becoming a product specialist ("We make the world's best X") or a niche player ("We only serve the Y market"). Trying to force your way in either by taking on a market leader directly or by expanding outside of your niche just doesn't seem to be a wise use of resources, according to the research."
The source of this article can be found here:
http://www.cioinsight.com/article2/0,3959,
might not be such a bad thing (Score:5, Insightful)
Don't get me wrong, the reason it's like this is because the government doesn't step in and regulate the industry as much as it "should". If we were magically fully utilizing all of the state of the art fiber optic line that we had in the ground and it was all seamlessly available on the free market for any provider to rent at a standardized price, then having 100 bandwidth/long-distance companies would indeed be a good thing for consumers.
But like the wording of my example might suggest, I don't think it would be possible for the technology to stay state of the art AND fully regulated at the physical layer even if the government wanted to. Governments are (reasonably...) good at taking something economically tangible, like value-units of food or healthcare, and distributing it pretty much fairly (not that they always do this, but if they do then they are capable of succeeding).
But even if the US government regulated the network, and had a board of domain experts constantly auditing the state of the system, the fact of the matter is they would not have the motivation to maintain a state of the art network to support bandwidth and voice. Greedy corporations are good for that.
And 100 greedy corporations would never be able to interoperate and also provide state of the art and fairly priced services.
Lawrence Lessig, are you reading this? Set me straight!!
Hurray! Guess who's picking up the bill? (Score:5, Informative)
Roaming "charges" (Score:3, Interesting)
I really hope that the European Commission cracks down on the operators over this. They need to get their act together. The whole mobile roaming thing is a serious impediment to the principle of freedom of movement in the E.U. In fact, I suspect that because of this it's only a matter of time before they do force the operators' hands.
I mean for crying out loud, I have to roam even whilst trave
obligatory posts (Score:4, Funny)
"I for one welcome our new Singular overlords!"
"Ein Volk, Ein Reich, Ein Netwerk!"
and wait for it...
"All your network are belong belong to us!"
Hope Cingular knows what they are getting... (Score:5, Informative)
Also it's important to remember here that AT&T Wireless hasn't been a part of AT&T proper since 2001. They are a separate company with rights to the name and logo.
Wireless devices or services? (Score:2)
Also, here we used to have two wireless operators, and the competition really only showed when the third started. On the other hand
Upside for AT&T Wireless Customers (Score:2, Interesting)
It's Ma Bell all over again. (Score:5, Insightful)
Re:Not just SBC & BellSouth consolidating... (Score:5, Insightful)
Wrong technologies. Verizon Wireless would more likely grab Sprint - which uses the same carrier technology. Its also one of the reasons Sprint's stock raised on the news of the AT&T merger - rampant speculation that they would be "plan B".
Good news for Apple partnership? (Score:5, Interesting)
How will this affect Rogers AT&T I wonder? (Score:3, Interesting)
Oh come on... (Score:3, Funny)
its a good thing.... (Score:5, Insightful)
Its a good thing I only opted for a one-year contract with AT&T Wireless when I switched from Cingular back in November. There is no way I'll resubscribe this year with the merged entity unless the FCC forces SBC to spin off Cingular (doubtful). I do not want to be forced into signing up for a residential landline with SBC just as they do with DSL. My rule of thumb is I do not do any business with SBC and I don't intend to break this now. I don't reward shoddy service providers like SBC.
Re:WTF? (Score:3, Informative)
"SBC Communications Inc. owns 60 percent of Cingular, while BellSouth owns 40 percent."
Good for districting (Score:2)
I also wonder if the AT&T towers can be used with the SIM card service that Cingular has - I like this form of phone because you don't have to authorize a phone at a dealer, just st
Re:Good for districting (Score:3, Informative)
Re:Good for districting/AT&T is GSM (mostly) (Score:3, Informative)
Re:Good for districting (Score:3, Interesting)
Each competitor would one-up the other and would then become the flavor of the month. For us it was Aerial (which begat Vo
Can you say more layoffs? (Score:5, Interesting)
The worst part? As I interviewed numerous architects and asked the question "What do you worry about most?" EVERYONE said "more layoffs".
Those were mainly sr. contributors with 7+ years experience in the company. Normally, I'd expect concerns about not meeting schedule, etc.
Also amusing was that nobody knew (including the managers) who 'owned' system performance. These clowns had tens of millions of HP servers running customer service and they didn't even have a performance manager, strategy, etc.
And then they wondered why the system collapsed during the number portability fiasco.
Good luck to everyone at ATTWS.
Oh yeah.. They were also cheap bastards. The funny thing.. During the week of the interview I was staying in a $2M condo at Whistler that was owned by a VP at ATTWS.. I can assure you that those guys are doing Just Fine no matter how much they pressure their 'lackies'.
FYI (Score:5, Informative)
This can't be all bad. (Score:3, Funny)
Cingular is bad news (Score:3, Informative)
What IS left of AT&T now? (Score:4, Interesting)
Why would they leave themselves with only the things from the past that are likely to die out eventually, and ditch the new technologies?
Re:What IS left of AT&T now? (Score:3, Informative)
AT&T has the absolute best backbone and amazing service for businesses. I have an AT&T T-1. It wasn't much more than going through Qwest or a local wholesaler, but they have the best SLA out there (one day credits for 15 minutes of downtime, 65ms latency throughout north america and something like 120ms throughout the world). When Verizon accidentally disconnected my local loop, AT&T was on the phone to me within 5 minutes of the circuit dropping.
Coverage complaints (Score:4, Insightful)
Your complaints are meaningless unless you specify the area in which you live. Saying "my coverage sucks" is uninformative and holds no weight.
I live in the metro NY area and my AT&T connection is average. Compared to the Sprint coverage, it seems to better, but my friends and family prefer Verizon and/or T-Mobile over both.
Re:Who benefits out of this? (Score:5, Insightful)
Re:Who benefits out of this? (Score:3, Informative)
Re:Who benefits out of this? (Score:2)
-N
Re:Who benefits out of this? (Score:2, Informative)
Cingular has the largest GSM network, or did last I looked, if I'm not mistaken... followed by TMobile and then AT&T.
Re:Who benefits out of this? (Score:2)
-N
Re:What happed to my M LIfe (Score:3, Interesting)
I knew. They were advertising the same features I'd enjoyed on my Voicestream/TMobile service for years, included in normal service.
-N
That's "mlife" to you... (Score:3, Funny)
I remember the billboard with an 8-year-old girl, thinking "what's an mlife, and how do I get one?" The answer, Virginia, is that nobody really knows, but it costs about $40 billion.
Those mlife ads always gave me the creeps, anyway. There was always something a little too close to a religious overtone to them... they looked like they were designed by the same folks who put together a local megachurch's [churchdreams.com] billboard c
Re: (Score:3, Informative)
Re:I wonder... (Score:2, Interesting)