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knightmb
Everybody Lies

join:2003-12-01
Franklin, TN

wow, sweet deal for Comcast

Wire everywhere already, customers already, just take over management and hopefully your technicians can fix up the network setup. Sounds like a sweet deal at $15 million since with that many customers, turn over $6 million a year get the amount paid off after a couple of years.
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dynodb
Premium,VIP
join:2004-04-21
Minneapolis, MN
said by knightmb:

Wire everywhere already, customers already, just take over management and hopefully your technicians can fix up the network setup. Sounds like a sweet deal at $15 million since with that many customers, turn over $6 million a year get the amount paid off after a couple of years.
It's a sweet deal until they have to fork over the $35 million debt payment, assuming that's part of the deal and the taxpayers aren't eating the debt.

Sammer

join:2005-12-22
Canonsburg, PA
said by dynodb:

[It's a sweet deal until they have to fork over the $35 million debt payment, assuming that's part of the deal and the taxpayers aren't eating the debt.
Since 95% of the debtholders have agreed to the sale, that debt is apparently part of the sale although it sounds like Comcast is insisting on better terms.

rody_44
Premium
join:2004-02-20
Quakertown, PA
reply to knightmb
i dont know where you get your calculations, but i come up with probably around 950,000 a year in gross revenue. your not going to average more than 100.00 a month average and thats tops.


funchords
Hello
Premium,MVM
join:2001-03-11
Yarmouth Port, MA
kudos:6
said by rody_44:

i dont know where you get your calculations, but i come up with probably around 950,000 a year in gross revenue. your not going to average more than 100.00 a month average and thats tops.
(Did you forget that there are 12 months in a year?) That's $11.4 million. Comcast runs around a 20% operational profit, leaving it $2.3 million/year to pay off the debt, somewhere between 6-7 years from now.

That sounds like a good deal -- it's probably not exactly that rosy because the network they're buying has probably suffered some neglect over its past austere years.

I'm bummed that it's Comcast as it can't keep up with its own problems and is dead last in customer satisfaction -- it's exactly the kind of buyer that the bondholders wanted to avoid when they started this thing.
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mdurkin

join:1999-08-11
San Bruno, CA
reply to rody_44
Check your math. You forgot the X 12 for yearly gross.

ashworth7

join:2001-10-06
Pittsburgh, PA
reply to knightmb
Actually, seems kind of expensive, 35M in debt + 15M price tag = 50M/16100 subs = over $3100/sub ?? But our friends @ Comcast can afford it.

Sammer

join:2005-12-22
Canonsburg, PA
reply to funchords
said by funchords:

That sounds like a good deal -- it's probably not exactly that rosy because the network they're buying has probably suffered some neglect over its past austere years.
It's an overbuilt system in an area Comcast already serves so Comcast cares more about acquiring the subscribers than the system.


funchords
Hello
Premium,MVM
join:2001-03-11
Yarmouth Port, MA
kudos:6
ah!


dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
kudos:4
reply to dynodb
said by dynodb:

said by knightmb:

Wire everywhere already, customers already, just take over management and hopefully your technicians can fix up the network setup. Sounds like a sweet deal at $15 million since with that many customers, turn over $6 million a year get the amount paid off after a couple of years.
It's a sweet deal until they have to fork over the $35 million debt payment, assuming that's part of the deal and the taxpayers aren't eating the debt.
Oh thats easy. just put a new line item on everyones bill!
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Mordhem
Love it, Hate it.

join:2003-07-10
Baltimore, MD
reply to funchords
I guess you have a bad area of comcast, when I was in Baltimore my service was top notch now that I am dealing with charter I crying and wishing comcast would buy them out and upgrade this pos system they have liked they did to TCI when they acquired Baltimore
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