Their 2023 annual report does report an “adjusted EBITDA margin” of 47% for 2023. But their net income margin is 13%. They are borrowing money to upgrade their network for each new technology, so I think it’s fair to include depreciation and interest when measuring the profitability of their business.
I don’t think that number is correct. T-Mobile’s net income in 2021 was $3.024 billion. I think you might be confusing the first number on the page (postpaid revenue of $42.562 billion) for profit.
You know the conversation went like: "You can give us 600M fine and we will pay it, or you can give us 60M fine and we will forward another 20M to you."
19 comments
[ 2.5 ms ] story [ 53.5 ms ] threadI'm sure they're crying.
Anyway, add the sum to calculated risk to do profits by reducing effort to do or use quality software and systems.
See page 45 of https://s29.q4cdn.com/310188824/files/doc_financials/2021/ar...
You point still stands, the $60 million fine is 2% of their net income.
They must have signed off this as their acceptance during risk assessment, if not they should take this as lesson to do more evaluation in the future.