 MacLeechThe one and onlyPremium
join:2001-07-14
SoCal
kudos:3
1 edit | reply to MacLeech
Re: w0W! Another article from MultiChannel news on the Altrio situation:
Altrio Says It's For Sale
Interesting quotes from that article:
"An overbuilder is a difficult business model. They have no economies of scale, no deep pocket that lets them build community to community," said Stifel, Nicolaus & Co. cable analyst Ted Henderson.
...
Building a competitive telecom provider is not easy and Singer (Monrovia public information officer) said his city was told that "basically, they're running out of money."
...
Perhaps the most disappointed locality is the city of Los Angeles, which has worked to get competition from multiple potential overbuilders, including RCN Corp. and Western Integrated Networks LLC, in addition to Altrio.
Of those, RCN revised and truncated its business plan, pending improvements in the capital markets, before it got its L.A. operation off the ground.
WIN went bankrupt during its first build in Sacramento, Calif., and never acted on its Los Angeles franchise.
and now Altrio looks like its going to fail too.
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