 ShadowMastrMaster Of All Shadows
join:2001-09-01
Fort Pierce, FL | Doesn't seem to matter... Doesn't seem to matter how many people, watchdog groups, consumer friendly orgs, etc have to say on matters like this before they go through.... the majority of comments on this deal were it WOULD NOT work.... but did any of the concerned parties or authorizing boards listen???
Pretty much dollars talk, and bullshit talks even louder..... and we can all spout "I told you so" till time comes to an end, wouldn't make a bit of difference.
Hopefully the victims, err.... customers of the fiasco won't get hurt too bad.... when, not if Fairpoint has to give up the network and it's customers, whoever comes in to buy them at a pennies on the dollar price will actually service them. And Verizon should be barred from consideration, since they proved they didn't want them by selling them in the first place.
--
Follow Your Bliss -- Joseph Cambell
I reject your Reality and substitute my own! -- Adam Savage, Mythbuster |
|
 LinklistPremium
join:2002-03-03
Longport, NJ
kudos:5 | said by ShadowMastr:Doesn't seem to matter how many people, watchdog groups, consumer friendly orgs, etc have to say on matters like this before they go through.... the majority of comments on this deal were it WOULD NOT work.... The state regulatory agencies made these problems a self-fulfilling prophecy. They put so many conditions on Fairpoint before allowing the sale and restricted them from charging higher rates, that Fairpoint, with the recession in full bloom, is now in a position where they can't cover costs. And now the moron regulators wonder why there are problems. 
--
My BLOG .. .. Internet News .. .. My Web Page |
|
me1212
join:2008-11-20
Pleasant Hill, MO | reply to ShadowMastr
Verizon could still get them back, and some people would be happy if they got it back if they worded it correctly. |
|
 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to Linklist
said by Linklist:The state regulatory agencies made these problems a self-fulfilling prophecy. They put so many conditions on Fairpoint before allowing the sale and restricted them from charging higher rates, that Fairpoint, with the recession in full bloom, is now in a position where they can't cover costs. And now the moron regulators wonder why there are problems. No one forced Fairpoint to take the deal.
If Fairpoint didn't think it could meet the conditions set forth by the state, it should have walked away from the bargaining table.
--
Blagojevich / Madoff 2012! |
|
LinklistPremium
join:2002-03-03
Longport, NJ
kudos:5
1 edit | said by pnh102:said by Linklist:The state regulatory agencies made these problems a self-fulfilling prophecy. They put so many conditions on Fairpoint before allowing the sale and restricted them from charging higher rates, that Fairpoint, with the recession in full bloom, is now in a position where they can't cover costs. And now the moron regulators wonder why there are problems. No one forced Fairpoint to take the deal. If Fairpoint didn't think it could meet the conditions set forth by the state, it should have walked away from the bargaining table. Maybe, just maybe, they thought they could swing it and grow their company. But the financial meltdown and the recession blew away their chances.
So what does the state do? Demand they stick to the deal and then try to tack on more costs. The regulators are sticking their heads in the sand. The result will be an eventual bankruptcy that will make things worse. Instead the regulators should face reality and let rates rise to cover the costs of beefing up support staff. But the chances of that are slim. The regulators answer to the pols, who would rather make populist proclamations about their outrage than actually do something.
--
My BLOG .. .. Internet News .. .. My Web Page |
|
 DolganPremium
join:2005-10-01
Sun Prairie, WI
 ·Charter
| Their failure has nothing to do with rates, or the ability to raise rates. The problems stem from the poor transfer of data from VZ databases to the Fairpoint databases. The billing and order systems are FUBAR, and Fairpoint is paying the price for it. |
|
 morboComplete Your Transaction
join:2002-01-22
00000 | reply to me1212
I think the IRS would love to have the millions in writeoffs Verizon took for this sweetheart deal. |
|
 tschmidtPremium,MVM
join:2000-11-12
Milford, NH
kudos:8
 ·G4 Communications
·Fairpoint Commun..
 ·Hollis Hosting
| reply to Linklist
said by Linklist: They put so many conditions on Fairpoint before allowing the sale and restricted them from charging higher rates, that Fairpoint, with the recession in full bloom, is now in a position where they can't cover costs. I think that is kind of backwards. Regulators were concerned with FairPoint's financial condition and got Verizon to lower price - forget exactly how much.
Current problem is technical not financial, however it may well become financial if they continue to bleed landline customers.
It appears FairPoint underestimated challenge of converting from Verizon systems to their own. Large IP projects like this always have teething problems. FairPoint made situation worse by downplaying problems and being very stingy with information. IMHO they could have actually increased customer loyalty by being more upfront with conversion status and letting everyone know where they were having problems and when they expected to have them corrected by posting info on web. Instead they played it close to the chest.
/tom |
|
