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| ISP Group Blasts Northpoint over Funding from cnet.com...
An eleventh-hour effort to keep bankrupt NorthPoint Communications' high-speed Internet network running for another 30 days has apparently failed, according to a coalition of companies that resell the company's broadband service.
As a result, customers of NorthPoint will likely see DSL service disruptions.
Telocity, an Internet service provider serving residential consumers, led a group of more than a dozen ISPs in negotiations with NorthPoint. The talks were intended to minimize potential problems for current customers as NorthPoint nears its demise.
Last week, AT&T purchased NorthPoint's assets in a bankruptcy court sale. Ma Bell plans to acquire NorthPoint's assets, forcing NorthPoint's ISP resellers to find a new DSL provider such as Covad Communications or others.
The ISP coalition said it agreed to pay $2.4 million to keep NorthPoint's DSL (digital subscriber line) network running for another 30 days. But Telocity said that after a week of negotiations, NorthPoint's bankers alerted the ISPs Tuesday that the sum is insufficient to fund the network operations for the next month. In addition, NorthPoint will not guarantee the network's operation for the next month, while the ISPs seek alternative DSL providers, Telocity said.
"After a week of good faith negotiations, NorthPoint and its team of bankers last night decided to significantly escalate the amount of funds necessary to keep the network up for a period of time," Ned Hayes, chief financial officer at Telocity, said in a statement. "It seems that NorthPoint's bankers want the ISPs to pay an unreasonable amount of money for the network staying up prospectively as well as retroactively."
NorthPoint representatives could not immediately be reached for comment. An AT&T spokesperson also could not immediately be reached for comment. | |
| And somebody ought to blast c|net for their "coverage." What the hell is the matter with those people over there, anyway? First they all but ignore the issue, then they come up with... ... customers of NorthPoint will likely see DSL service disruptions. "Service disruptions?" "Service disruptions?!?!" 100,000+ customers going down is "service disruptions?" Hello? Geez. That's a bit like calling death an "illness." Fer cryin' out loud, c|net, get a clue!
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Jim Seymour & Karel the Computer Cat
Agents Provocateurs Extraordinaire
irc://irc.dal.net/#dslreports | |
 justinAustralian
join:1999-05-28
New York, NY
kudos:7 | yeah I cracked a grim twisted smile when I saw those words..
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