 keithpsPremium
join:2002-06-26
Soddy Daisy, TN
 ·EPB Fiber Optics
| reply to 25139889
Re: Comcap and AT&Trash According to EPB's last financial report: »www.epb.net/flash/annual-reports···port.pdf
It looks, best I can tell, that the fiber business is already profitable for them.
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RIP Dad (10-28-1955 to 4-10-2010) |
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| That's not the complete picture. It's easy to make your financials look good when you can bury costs in the power side of the house. |
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| reply to keithps
the FTTH network can NOT be profitable nor can the city. IRS Law. |
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cramer
join:2007-04-10
Raleigh, NC
kudos:7 | said by 25139889:the FTTH network can NOT be profitable nor can the city. It's not "profit", it's a "reserve fund". There are several government ventures that actually make money (shocking, and rare) -- however, on the whole, they tend to spend money faster than it can be printed.
Case in point... NC wants to up the sales tax to "fund education." Wasn't that the reason given for the cluster f*** known as the NC State lottery? Where's all the billions the lottery was supposed to generate "to fund education"? |
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