Verizon is trying to buy 45 percent of Verizon Wireless from Vodafone (Reuters) for $130 billion. This values the wireless portion of Verizon at about $288 billion. There are approximately 100 million Verizon Wireless subscribers. Therefore, each one of us is worth nearly $3000 in expected future profits (discounted to present value).
Should Verizon just give us the option of mailing them a check for $3000 and then they would charge us a more reasonable monthly rate? (And yes I do recognize that some of the $288 billion in enterprise value could reflect the possibility that VZ will sign up new subscribers going forward, which makes us existing subscribers worth a bit less.)
[Separately, I’m ready for a Galaxy Note III. I want to be able to read Kindle books on my phone. Who else is excited about the Note III?]