| So what happens.. when Fairpoint goes bankrupt? Who takes over? Will the customers be without phone service at all? |
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 RobIn Deo speramus, God Bless the USAPremium
join:2001-08-25
Kendall, FL
kudos:2 | said by old_wiz_60:when Fairpoint goes bankrupt? Who takes over? Will the customers be without phone service at all? Verizon will buy it back at 40 cents off the dollar.
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 tschmidtPremium,MVM
join:2000-11-12
Milford, NH
kudos:5
 ·Fairpoint Commun..
 ·Hollis Hosting
| said by Rob:Verizon will buy it back at 40 cents off the dollar. In the beginning of this process I thought that might have been the game plan. but now I think it unlikely. Verizon does not seem interested in wireline business (either copper or fiber) in rural areas. Looks like they want to focus on wireless everywhere and wireline in select urban regions.
/tom |
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| Again, Verizon doesn't want these markets, or the union workers complaining about Verizon being cheap, or the regulators complaining about how Verizon is sliding when it comes to support them.
They want to offload the debt, get tax benefits, then come back in three or four years and gobble many of these customers back up with LTE service. The companies (like Fairpoint) that buy these markets wind up so overweight with debt, by the time Verizon comes back around with LTE service -- it will probably be higher quality (5-10 Mbps, reasonable latency) than the aging DSL most of them are getting... |
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 en102Canadian, eh?
join:2001-01-26
Valencia, CA | I agree. VZW may want to offer a LTE based 'Wireless Land Line' using LTE to replace POTS/DSL. It would cost less to deploy and maintain in rural areas by far.
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 cdruGo ColtsPremium,MVM
join:2003-05-14
Fort Wayne, IN
kudos:5
 ·Frontier FiOS
| reply to old_wiz_60
Fairpoint will have Fairpoint when everything is said and done under their current plans. They filed Chapter 11 which is restructuring of their finances while still attempting to remain operational. Unless they convert to Chapter 7, which would end up in liquidation or selling off the business to other telcos, they should remain operational. |
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 ropeguruPremium
join:2001-01-25
Mechanicsville, VA | reply to old_wiz_60
said by old_wiz_60:when Fairpoint goes bankrupt? Who takes over? Will the customers be without phone service at all? It will just become another government buyout by the feds.... |
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 tim_kButtons, Bows, Beamer, Shadow, KaseyPremium,VIP
join:2002-02-02
Stewartstown, PA
kudos:13 | reply to Karl Bode
said by Karl Bode:Again, Verizon doesn't want these markets, or the union workers complaining about Verizon being cheap, or the regulators complaining about how Verizon is sliding when it comes to support them. They want to offload the debt, get tax benefits, then come back in three or four years and gobble many of these customers back up with LTE service. The companies (like Fairpoint) that buy these markets wind up so overweight with debt, by the time Verizon comes back around with LTE service -- it will probably be higher quality (5-10 Mbps, reasonable latency) than the aging DSL most of them are getting... Exactly. This way Fairpoint can't compete when LTE is deployed. Verizon won't compete against itself when they deploy LTE to those regions. But with another 12,000 layoffs coming to the mid Atlantic region, I don't think VZ is going to stop with just rural areas. I think they'd like to get rid of most or all landlines and break what's left of the union.
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| Well somebody has to service FiOS lines, but yeah. I imagine there's plenty more sales coming. Like upstate NY, for one. |
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