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Forums » Broadstripe Files For Chapter 11 » I thought Comcast was buying them..
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Broadstripe Service »
« I can't see this being good....  
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Smile__
Premium
join:2008-10-10
Baltimore, MD
I thought Comcast was buying them..

I run into a few of there customers here and there. They are in the Anne Arundel County Area in Maryland. That's why they were downsizing and cutting things back in the 4th Qtr.

iansltx

join:2007-02-19
Golden, CO
·Comcast
·Qwest.net
·magicjack.com
·BeeCreek Communica..
·Sprint Mobile Broa..

Hmm, 373.5 million in debt. over 93,000 customers...betcha that debt per customer is much higher than that of Charter, wouldn't ya think? Don't think they'd be able to roll out DOCSIS 3 with those numbers...

That's a debt of $3931 or so per customer. With an ARPU of $100 per month (just pulling it out of the air) it's 40 months of REVENUE, with no operating costs or profit, to pay that off. Ridiculous...don't think this company can get out of the hole they're in, but that's just me.

I'd bet Comcast would buy them up. Their network is likely decent. Estimated buyout costs, including debt? Maybe 1/2 their debt, plus taking on the total debt. $500 million in all?


markhavercrap

@rr.com

comcast was going to buy the MD properties but the deal fell thru. rcn looked at the MD properties as well since it fit with their DC area system. this is a sign that life of overbuilders are over. RCN, WOW, Wave, Knogody,Astound are next to go under.

said by iansltx See Profile :

Hmm, 373.5 million in debt. over 93,000 customers...betcha that debt per customer is much higher than that of Charter, wouldn't ya think? Don't think they'd be able to roll out DOCSIS 3 with those numbers...

That's a debt of $3931 or so per customer. With an ARPU of $100 per month (just pulling it out of the air) it's 40 months of REVENUE, with no operating costs or profit, to pay that off. Ridiculous...don't think this company can get out of the hole they're in, but that's just me.

I'd bet Comcast would buy them up. Their network is likely decent. Estimated buyout costs, including debt? Maybe 1/2 their debt, plus taking on the total debt. $500 million in all?
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Forums » Broadstripe Files For Chapter 11Broadstripe Service »
« I can't see this being good....  


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