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A comment on Forget Comcast. Here’s a DIY Approach to Internet Access. Parent comment

Re:Forget Comcast. Here’s a DIY Approach to Internet Access by Spooky23 on Thursday August 04, 2016 @06:23PM (#12228879)
"Patient capital" is desperate for moderate returns over time. Ask any pension or endowment investor -- they are screwed now because there is no way for their funds to earn yield.

The reason AT&T was able to gobble up the entire country in the 20th century was in part their ability to sell convertible securities that delivered premium returns with low/moderate risk.

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Re:Forget Comcast. Here’s a DIY Approach to Internet Access by toomuchtodo on Thursday August 04, 2016 @06:35PM (#12228937)
I thought it was the billions of dollars AT&T took from the federal government, as recently as two years ago (although traditional financing played a part):

http://www.dslreports.com/shownews/ATT-Takes-Billions-in-FCC...

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Re:Forget Comcast. Here’s a DIY Approach to Internet Access by Spooky23 on Thursday August 04, 2016 @07:32PM (#12229173)
Sorry I was unclear. I'm talking about the old, 20th century AT&T.
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