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 tschmidtPremium,MVM
join:2000-11-12
Milford, NH
kudos:5
 ·Fairpoint Commun..
 ·Hollis Hosting
| reply to Dolgan
Re: Buy Back said by Dolgan:The upper midwest [WI, MI, OH, IL, and IN] will be the next area that Verizon will sell off-- comments from managers to "find a new job before the end of the year" seem to indicate something afoot. Having grown up in Chicago don't think of Illinois, Indiana and Ohio as rural like Vermont, New Hampshire and Maine. Most states have urban concentration in a few areas with most of the area fairly rural.
I realize rural areas are less profitable but Verizon has limited geographical presence. I would have assumed once FIOS gets rolled out in high density areas they migrate it to increasing rural areas. Instead they are divesting themselves and limiting overall growth potential.
/tom | |
 mouseferatuToo many cats, Too many micePremium,MVM
join:2004-03-16
Im not sure
kudos:3 | I can't imagine that Verizon will have an interest in a buy-back, Tom...
Just an opinion, but they jumped ship right after they put fiber in large areas of seacoast NH, southern NH, and along the ME/NH I95 corridor.
It must not have been a good investment for 'em in the first place. (Although I was surely pleased to get it.)
--
"Do not meddle in the affairs of dragons, for thou art crispy and good with catsup." | |
Ulmo
join:2005-09-22
San Jose, CA Reviews:
·SONIC.NET
| reply to tschmidt
said by tschmidt:Having grown up in Chicago don't think of Illinois, Indiana and Ohio as rural like Vermont, New Hampshire and Maine. Used to live in West Des Moines, Iowa. Drove truck for living. Had deliveries in Illinois. Illinois is extremely rural and very sparsely populated, except for one little dot in the corner. FYI. | | |
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DolganPremium
join:2005-10-01
Sun Prairie, WI Reviews:
 ·Charter
| reply to tschmidt
Thouroughly understand, as spent 24 years of my life in the 'burbs--mostly Naperville. LOL, there were only 30,000 people when moved there in 1980--it has become the 3rd largest city in the state. The towns/cities with serious growth potential, that VZ serves in IL, are Bloomington, Belleville, DeKalb. Sycamore, and Somonauk. The burbs keep growing and will extend non-stop to DeKalb [along the I-88 corridor] within the next 10 years. However, that is only about 1/2 the customers they service within the state. The largest geographic swaths that VZ covers also has the least population density within the cornbelt. We are talking about a lot of 1 stop sign towns with negative RoI.
The same holds true for the rest of the midwestern states. The largest city served in this territory is Ft wayne, IN. Many of the small to mid cities that VZ services have lost population as they were "company towns" with no alternatives for employment when the companies left. The most recent example would the former DHL Headquarters in Wilmington, OH. The loss of DHL has created a ripple effect within that town as the other businesses frequented by DHL employees have lost their prime source of income. Other such affected towns would be Elkhart, IN, Muskegeon, MI, and etc.
Do know that TDS Telecom went on a hiring burst starting in about Oct/Nov 08 and lasting thru Feb 09. Their National Hdqtrs are here in Madison, WI--so an aquisition of the WI assests would seem logical. VZ is willing to breakup the states if needed to complete the sale [ie WI and IL to carrier A, IN and OH to carrier B, and MI to carrier C].
Century Tel and Windstream have purchased assets from VZ previously, so the transition should be smoother than the Fairpoint and Hawaiian Tel transitions have gone. Century Tel and Windstram also have assests either within these states and/or in states that share borders with VZ's midwest assets. The determining factor will probably be based upon who can actually get the financing to purchase the assets. This is all speculation, but will not be suprised if it happens. Hopefully we won't be unlucky enough to be swapped out to Qwest as VZ tries to acquire their backhaul network. The backhauls that GTE and MCI had were the primary reason that BA/Verizon aqcuired them. The population growth in FL, PA, VA, TX, and CA areas once serviced by GTE has worked out nicely...just as the government contracts were that came along with the purchase of MCI.
Please excuse the length of my reply. | |
patcat88
join:2002-04-05
Jamaica, NY
kudos:1 | reply to tschmidt
said by tschmidt:Having grown up in Chicago don't think of Illinois, Indiana and Ohio as rural like Vermont, New Hampshire and Maine. Most states have urban concentration in a few areas with most of the area fairly rural. To me Indiana and Ohio are one of the major blighted rust belt areas. Depopulated, empty lots, abandoned lots, 10-20 story pre-WW2 brick office buildings surrounded by endless parking built over empty lots in the hearts of downtown areas.
VZ's IL territory is in the middle of farm country and is rural. ATT has the only profitable area, Chicago. Indiana and Ohio are population depleted rust belt economies.
Remember Verizon in IL/IN/OH was GTE, GTE was started by having in areas that weren't profitable to Ma Bell. Few areas are going to change their character and economies in just 70-100 years. If it was farmland before, it will still be farmland unless its near an urban hub. | |
1 edit | reply to Dolgan
said by Dolgan:The towns/cities with serious growth potential, that VZ serves in IL, are Bloomington, Belleville, DeKalb. Sycamore, and Somonauk. Belleville (& most area surrounding it) is actually AT&T territory - but another growth potential might be the Carbondale area. | |
Sammer
join:2005-12-22
Canonsburg, PA | reply to tschmidt
said by tschmidt:Having grown up in Chicago don't think of Illinois, Indiana and Ohio as rural like Vermont, New Hampshire and Maine. Most states have urban concentration in a few areas with most of the area fairly rural. /tom While some of the former GTE areas in the three states are suburban, the big metros with the exception of Cincinnati (Cincinnati Bell is the ILEC) are mostly AT&T areas. | |
DolganPremium
join:2005-10-01
Sun Prairie, WI Reviews:
·Charter
| reply to patcat88
Thoroughly know the area as I spent the last 4 years taking calls in the SP EVRC for Verizon. The midwest was our prime area of responsibility, but we also took calls for CA, WA, OR, FL, SC, NC, AZ, and NV. Have experienced the decline in customer service/QoS Verizon has been providing first hand. Wish the employees and customers I left behind the best of luck, because they are going to need it. | |
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