 dru
join:2000-09-14
Corona, CA | reply to tbeymer
Re: Didn't Even get a Kiss... Besides the $100 to Flashcom, the successful bidder has to assume certain post-partition debts on the circuits so it makes the transaction much more expensive to the bidding ISP than the $100 sounds.
Still, it is a sobering indication of the current state of the industry and current valuation of customer bases to the financial markets. Covad paid not a whole lot more than Moon for Covad business-class DSL lines, and most of that was in debt forgiveness / relief. Another ISP bid $50 a head for the Verizon and Pac Bell customers. And rumor had it a few weeks ago, that one company was considering buying the Verizon customers just for the modems. In other words, they'd send you a release and a call tag and you send back the modem, no interest in keeping service operating.
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Longest sentence in the English language: "I do." |
