  NOYBSt. John 3.16Premium
join:2005-12-15
Forest Grove, OR
kudos:1 | Frontier is Next . | |
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me1212
join:2008-11-20
Pleasant Hill, MO | Is anyone surprised by this? ????? | |
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 |  bencPremium
join:2007-06-17
Glen Carbon, IL
 ·Charter
| Re: Is anyone surprised by this? Not me. I saw it over a mile away. When I first heard about Fairpoint, I figured that it was pretty much going to be nothing but a whole lot of epic fail. | |
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 Z801 point 77Premium
join:2009-08-31
Amerika | Get on the taxpayer bailout gravy train Everyone else who can't run a company for crap is. | |
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| | | Re: Get on the taxpayer bailout gravy train Excellent observation.
Broadband bailout money is on the way.
Just ask AT&T. | |
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| | | | Re: Get on the taxpayer bailout gravy train ATT won't need the money. They have their iPhone customers paying for all the mistakes. | |
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| | | | | Re: Get on the taxpayer bailout gravy train Nope. Apple is gobbling up the biggest piece of that pie.
T's wireless broadband is in a sad state of affairs in general throughout it's network.
Could they be waiting for the big broadband initiative handout? | |
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| | | | Does this money come in large denominations, handed out unscrupulously by a wink and a handshake, and come with no strings attached? =P. Handouts are sooooooooooo the new 9/11 and Swine flu. Hop on the bandwagon while you can!! | |
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| | LOL Gosh, I'm soooooo shocked... | |
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| | Conspiracy I'm sticking with my whacked out conspiracy theory: VZ and Fairpoint planned this together from the beginning, with a little help from the gov't. | |
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|  cdruGo ColtsPremium,MVM
join:2003-05-14
Fort Wayne, IN
kudos:5
 ·Frontier FiOS
| Re: Conspiracy said by 45071419:I'm sticking with my whacked out conspiracy theory: VZ and Fairpoint planned this together from the beginning, with a little help from the gov't. That's the dumbest thing I've ever heard about this...which means you are probably right.  | |
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WhatNowPremium
join:2009-05-06
Charlotte, NC | Verizon will buy back. Verizon will buy the plant back but now they will not have the debt. How sweet is that. | |
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| | | Re: Verizon will buy back. Was thinking the same thing myself. | |
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| | Sammer
join:2005-12-22
Canonsburg, PA | Re: Verizon will buy back. You mean they might consider buying southern New Hampshire back, the rest is too rural. | |
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| | | | |  Re: Verizon will buy back.
How you like that theory? Hmmmm? | |
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| | | said by WhatNow:Verizon will buy the plant back but now they will not have the debt. How sweet is that. But...but...who will be left with the unpaid debt? I ask naively. | |
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| | Unions werre right ...again Once again the unions who fought hard against this sale, who staged rallies in front of corporate headquarters, who warned everyone this was a horrible deal.. were right again..
Of course the union bashers on here came up with all sorts of excuses before the deal was pushed thru..
Look what happened to Hawaii, look at Idearc, now look at Fairpoint.. All 3 companies down the toilet
Beware next time Verizon wants to sell some more of there access lines.. | |
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| | And they should take CapGemini down with them.
Maybe they could hire those derelicts that hang around Vermont's streets...pan-handling....what's the difference?
--
Splat | |
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| | FairPoint .... File for Chapter 11 and move on ... Stop wasting time and file for Chapter 11 ...
Move on and let the consumer move on too.
Your customers are leaving and selecting other
providers... I plan to do the same ... As soon
as you file for Chapter 11 ... I'm calling Comcast ..
for phone and internet service ....
It's just a matter of time ... it's going to happen ...
so stop wasting time ... | |
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 kleinml
join:2008-04-18
Levittown, PA | Verizon won't buy back Remember this was a Stock Deal too verizon still owns about 30% of fairpoint. Not sure how that works with the Debt but it doesn't make any sense to buy back what you already own. The only way verizon gets ahead is if some other carrier buys it. Or Fairpoint succeeds and Verizon can offload the stock they own in fairpoint. | |
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| EPS
join:2008-02-13
Hingham, MA | Re: Verizon won't buy back Verizon the corporation owns no stock in FairPoint- all of that stock was divested immediately to shareholders of VZ as part of the deal.
So any of those shareholders who haven't already sold the shares they've received would be wiped out in a bankruptcy, but it would not have an adverse effect on Verizon Communications, Inc. the company.
Essentially, how I understand it is, Verizon "split" into two companies, Verizon and Northern New England Spinco. VZ stockholders then had shares of both Verizon and Spinco. Then, Spinco immediately merged with FairPoint, so the shares of Spinco became shares of FairPoint. | |
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Reviews:
 ·Fairpoint Commun..
·Verizon FiOS
| The project was morally bankrupt from its inception By the time of the Verizon Fairpoint deal, the telephone plant in the three states was for the most part paid for by decades of subscriber fees. Just as the New England baby Bells were able to merge without paying billions to the subscribers, so the ME, NH, and VT systems should have been divested without incurring high debt that the subscribers are being asked to pay off again.
Beyond the regulators optimistically glossing over whether Fairpoint could run the tri-state system, the regulators should have never agreed to the creation of this fictitious debt claimed by Verizon.
kirby | |
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| | Frontier Deal Still Could Be Stopped Well at least we still have somewhat of a chance of stopping the frontier deal.. | |
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| | how much how much of fairpoint does verizon own via other names or not | |
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