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cptmiles
Premium
join:2004-04-22
Swayzee, IN

Lessons learned

Yes Fairpoint will file for bankruptcy. It is inevitable. This is the 3rd or 4th time Verizon has done this very thing. When are the states going to learn their lessons from other states. Indiana, please do not let Verizon walk away from the state. Threaten them with fines until they make every single person in their rotten territories DSL capable at the very least. If they do not or cannot then fine the crap out of them until they are willing to sell it for what it is worth. Maybe 300 bucks a line at the most. Give tax breaks and incentives to the buying companies. Verizon is the smart ass kid with the poop eating grin in the corner everyone wants to take a shot at.

I think Frontier is a descent company that may make a go of it, but should these state take a chance. If I haven't said it enough yet...Make 1.5M MANDATORY for 30 bucks or less and make them do it before they take their money and run. Do IT.


tshirt
Premium
join:2004-07-11
Snohomish, WA
kudos:5
Reviews:
·Comcast

1 recommendation

Frontier is an decent company, but they aren't prepare or capable of taking managment control of x00% of there current customer load, and x00 times 10 of debt. (no company is unless they intend to 'strip the assets' and sell the bones)
This isn't even about a set broadband speed or assuring RELIABLE basic telephone service.
It about"...by allowing this, have regulators allowed the creation of an ongoing viable (porfitable) business that can and WILL continue to serve the public OR is this a process of shedding debt? (assets to be later reabsorbed)

Regulations need to change to coordinate the balance of protective benfit to corp's( and individuals) vs RESPONSIBLITIES to meet their OBLIGATIONS.


Snowy
Premium
join:2003-04-05
Kailua, HI
kudos:6
Reviews:
·Time Warner Cable
·Clearwire Wireless
said by tshirt:

...OR is this a process of shedding debt? (assets to be later reabsorbed)

Regulations need to change to coordinate the balance of protective benfit to corp's( and individuals) vs RESPONSIBLITIES to meet their OBLIGATIONS.
You've hit that proverbial nail on it's head!
Imagine buying into debt of Verizon only to wake one morning to find that Verizon dumped it's obligation to pay you back into an entity that you would have never considered buying into.
It's a disgraceful situation, par for Verizon.