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Forums » Broadstripe Files For Chapter 11 » I thought Comcast was buying them..
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« I can't see this being good....  
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markhavercrap

@rr.com

reply to iansltx
Re: I thought Comcast was buying them..

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?
to forum · permalink · 2009-01-06 18:13:10 · Reply to this
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« I can't see this being good....  

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