Qixotl
join:2002-02-08
New Milford, CT
| Selling only makes sense
Obviously Charter is in a bad situation. There is far too much debt at a time where they need to starting making huge investments to modernize the infrastructure to handle all of the upcoming HD channels and other new advancements. The field techs are overburdened and the call centers are swamped with calls, forcing customers to wait eons on hold to get certain questions answered (waited and gave up after 35 minutes myself in June to have a supervisor find out why my installer had not arrived on time). Selling off a few areas would give them a cash flow injection quickly while reducing the amount of labor and maintenance costs. I don't know if one of the big companies can be convinced to add a few more cities to their upgrade and management lists (Comcast is still trying to get their last few pickups integrated into their systems years after the fact AFAIK), but Charter really needs to find out if they have not investigated those avenues already. |
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ashworth
join:2001-10-06
Pittsburgh, PA
 ·Verizon Online DSL
| Paul Allen will take company private and will be "Selling off a few areas would give them a cash flow injection quickly while reducing the amount of labor and maintenance costs." And once taken private and stable, then he will sell it to one of the bigger cable operators (TWC, Comcast). Uncle Paul's been losing money for awhile and wants the bleeding to stop. By the way, he's not as stupid as you think. |
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