Its not like they are holding back on capex regarding growth opportunities,the issue is besides 5g,thodey had a very bad record of identifying profitable growth businesses as they appear.ie e health how complicated can you get,ooyala thodey's golden child etc plus past comments by both chairpersons,penn imo is better only because he didn't sell autohome when thodey sold soufun ,that cost tls holders $3b in profit.
If nothing else imo penn has established an excellent platform ie pivatol,vtech,5g capex etc,so imo the issue is not cutting div's,the issue since trujillo left is buying businesses that make a profit.
ps imo penn is probably cutting costs at a reasonable pace,so the tls business imo is being run ok,its just they can't identify profitable businesses that tls can run and easily buy..
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