[maccard]

On $43bn profit in 2021 (when this happened), or 0.1% of their profit.

I'm sure they're crying.

[MarkSweep]

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.

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.

[maccard]

You're right thanks!

[nicce]

What, is that really profit and not revenue?

Anyway, add the sum to calculated risk to do profits by reducing effort to do or use quality software and systems.

[paulddraper]

It is indeed profit. They have a ~50% profit margin.

[MarkSweep]

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.

[switch007]

It is indeed not

[ssttoo]

Cost of doing business. I wonder if it’s tax-deductible.

[switch007]

$43bn profit lol! Come on

[maccard]

Indeed. Misread the doc, and I’d had two beers when I posted. Unfortunately I can’t edit it now.