  spewakR.I.P DadkinsPremium
join:2001-08-07
Elk Grove, CA
kudos:1 | Share and share alike Share those Bankruptcy Plans with Frontier. They are going to be Verizon's next rube to need them! 
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The weekend is here, grab a can of beer!
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 | | | Re: Share and share alike i hate frontier.. horrible speed/pricing/ 2-yr commitment
why won't they just die ;( | |
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| | I would like to see the executives in handcuffs Just more empty promises from a company that doesn't know how to run a phone company. Don't ever call tech support for your internet! This company still has major operation problems that they won't admit. | |
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| | | Re: I would like to see the executives in handcuffs Them and Verizon's for the Morris Trust play...
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Splat | |
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| bac522
join:2003-08-04
Manchester, NH | No kid! I called about my Fast service (AKA FiOS) and the tech told me to reset my DSL modem ?!?!?! | |
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| | WOW say it's not so I never saw this coming!!( LOL). Who would have though a power play for additional customers to a company that was sub par at best would have yielded a different end result?? | |
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 ptrowskiGot Helix?Premium
join:2005-03-14
Putnam, CT
kudos:4 | When does Verizon buy them back? Not saying they would, but they could sweep back in and buy it back on the cheap. | |
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| Host:
Road Runner
PC gaming GAMES
PC gaming Tech
| Re: When does Verizon buy them back? Verizon doesn't want it.
What Verizon does want is to come back over the top with LTE services five years later and leech back the customers they DO want by selling them ubiquitous wireless service that can compete with aging DSL service.
Verizon offloads the infrastructure (much of it subsidized by taxpayers) they didn't want to upgrade, offloads the union workers they didn't want to deal with, offloads debt, gets tax credits, then comes back later and gets those customers back anyway. | |
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| | ptrowskiGot Helix?Premium
join:2005-03-14
Putnam, CT
kudos:4 Reviews:
 ·VOIPo
 ·Choice One Commu..
| Re: When does Verizon buy them back? said by Karl Bode:Verizon doesn't want it. What Verizon does want is to come back over the top with LTE services five years later and leech back the customers they DO want by selling them ubiquitous wireless service that can compete with aging DSL service. Verizon offloads the infrastructure (much of it subsidized by taxpayers) they didn't want to upgrade, offloads the union workers they didn't want to deal with, offloads debt, gets tax credits, then comes back later and gets those customers back anyway. Good point. Let's get the over/under going!
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"So, Lone Starr, now you see that evil will always triumph because good is dumb."
Have you been touched by his noodly appendage? »www.venganza.org | |
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| | | Host:
Road Runner
PC gaming GAMES
PC gaming Tech
| Re: When does Verizon buy them back? I didn't really see the LTE angle myself until somebody involved in their LTE deployments pointed it out to me last week. It's kind of genius in an obnoxious and unethical way...Especially if you start to think about how many billions Verizon, NYNEX, Bell Atlantic got in subsidies and taxpayer funds over the years to fund those networks. Luckily for Verizon, neither politicians or the press will ask those kinds of pesky questions of these transactions... | |
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| | | | ptrowskiGot Helix?Premium
join:2005-03-14
Putnam, CT
kudos:4 Reviews:
·VOIPo
·Choice One Commu..
| Re: When does Verizon buy them back? said by Karl Bode:I didn't really see the LTE angle myself until somebody involved in their LTE deployments pointed it out to me last week. It's kind of genius in an obnoxious and unethical way...Especially if you start to think about how many billions Verizon, NYNEX, Bell Atlantic got in subsidies and taxpayer funds over the years to fund those networks. Luckily for Verizon, neither politicians or the press will ask those kinds of pesky questions of these transactions... It really is. Now that I thought about it more it's a brilliant strategy.
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"So, Lone Starr, now you see that evil will always triumph because good is dumb."
Have you been touched by his noodly appendage? »www.venganza.org | |
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| |  JRW2R.I.P. Mom, Brian, Ziggy, Max and Zen.Premium
join:2004-12-20
La La Land
kudos:4
 ·Optimum Online
| said by Karl Bode:Verizon offloads the infrastructure (much of it subsidized by taxpayers) they didn't want to upgrade, offloads the union workers they didn't want to deal with, offloads debt, gets tax credits, then comes back later and gets those customers back anyway. Yep..
A great way to break the Union contract, declare bankruptcy, Verizon is too big, but this company can get away with it. After the "pesky" Union contracts have been broken, Verizon can come back a buy up the company and not worry about having to honor any contracts....
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RIAA/MPAA... Bite me!!!!
In constant search for intelligent life on Earth! | |
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 ThrowDemsOutIf you can't convince 'em, confuse 'emPremium
join:2002-03-03
Mullica Hill, NJ
kudos:4 |  Still waiting for Maine to sign on to bankruptcy
In addition to the agreement reached with the State of New Hampshire, FairPoint also reached an agreement with representatives of the State of Vermont, which is being filed today with the Bankruptcy Court. NH & Vermont have agreed to the bankruptcy terms. We are still to hear from Maine on that. Nothing in Google Search yet on whether Maine has agreed to terms with Fairpoint and the court. | |
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xlimitx
join:2001-12-31
Wilkes Barre, PA | Future? Thus we see the future of Frontier.... | |
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 morboComplete Your Transaction
join:2002-01-22
00000
·Charter
| Verizon's shame is Fairpoint It's not difficult to place much of the blame for Fair Point directly on Verizon's shoulders. Just look at the results: Verzion gets a disproproptionate tax write-off for dooming the new company to bankruptcy. It's like a murderer getting off on a minor technicality: it's legal but we all know they are completely guilty of screwing everyone over. | |
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| ThrowDemsOutIf you can't convince 'em, confuse 'emPremium
join:2002-03-03
Mullica Hill, NJ
kudos:4
1 edit | Re: Verizon's shame is Fairpoint said by morbo:It's not difficult to place much of the blame for Fair Point directly on Verizon's shoulders. Just look at the results: Verzion gets a disproproptionate tax write-off for dooming the new company to bankruptcy. It's like a murderer getting off on a minor technicality: it's legal but we all know they are completely guilty of screwing everyone over. Fairpoint has to take a major share of the blame for paying so much in the 1st place. Their mgt paid more than it was worth and took on more debt than they could handle(helped along by the recession and debt crisis). They should not have made this deal under the terms Verizon offered. No one forced them in to this deal. | |
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| |  tim_kButtons, Bows, Beamer, Shadow, KaseyPremium,VIP
join:2002-02-02
Stewartstown, PA
kudos:8
·Armstrong Zoom ..
| Re: Verizon's shame is Fairpoint Exactly. I'm sure the top execs at Fair Point cooked up some deal to base their bonuses on the number of new customers. Triple your customer base and rake in the big bucks. If the company goes under, move on to your next victim. Some of these executives are nothing but legalized swindlers.
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RIP my babies Buttons 1/15/94-2/9/07, Beamer 7/24/08, & Bows 12/17/94-10/11/09 | |
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|  tschmidtPremium,MVM
join:2000-11-12
Milford, NH
kudos:4
·Fairpoint Commun..
 ·Hollis Hosting
| said by morbo:It's not difficult to place much of the blame for Fair Point directly on Verizon's shoulders. Fail to see how this is Verizon's fault. They took advantage of tax law to reduce cost of the sale. Have no idea if they were instrumental in making a Reverse Morris Trust legal on not.
They set a price that ultimately was reduced a little to meet regulators and FairPoint objections.
As a NH resident my preference was Verizon not sell off VT/NH/ME. Having said that I think ball rests solely in the hands of FairPoint unless Verizon misrepresented material fact.
/tom | |
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| | morboComplete Your Transaction
join:2002-01-22
00000 Reviews:
·Charter
| Re: Verizon's shame is Fairpoint said by tschmidt:Fail to see how this is Verizon's fault. They took advantage of tax law to reduce cost of the sale. Have no idea if they were instrumental in making a Reverse Morris Trust legal on not. Maybe you should re-read my post. What Verizon did was technically legal. However, despite all indications otherwise, everyone (except somehow Verizon, Fairpoint, and the relevant regulators) knew this was a terrible idea that would end badly. Guess what? It has! Now Verizon is attempting to do the exact same thing with Frontier. Do you think that the Frontier deal should go through given what you now know?
I know you New Hampshirites love mavericks, so you've probably enjoyed the Fairpoint mess. For the rest of us, you know what they say: you can lead a horse to water... | |
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| | | Reviews:
·Comcast
·AT&T Southeast
| Re: Verizon's shame is Fairpoint said by morbo:said by tschmidt:Fail to see how this is Verizon's fault. They took advantage of tax law to reduce cost of the sale. Have no idea if they were instrumental in making a Reverse Morris Trust legal on not. Maybe you should re-read my post. What Verizon did was technically legal. However, despite all indications otherwise, everyone (except somehow Verizon, Fairpoint, and the relevant regulators) knew this was a terrible idea that would end badly. The regulators are the ones that were told over and over it wouldn't end well and they were in control of the process. They were well within their rights to block things but did not, they are solely to blame for this... rest of it was a business transaction. | |
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| | | | bac522
join:2003-08-04
Manchester, NH | Re: Verizon's shame is Fairpoint Bingo...neither Verizon or Fairpoint's fault, but the PUC's of all three states. At the end of the day the land-line business is still a regulated monopoly and the PUC's could have squashed this deal...but I'm sure Verizon pulled some back-room handshakes with PUC members and thus the deal was approved. Why none of the legislators in the 3 states have called for hearings into the members of each state's PUC's is baffling to say the least! | |
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| | | | | tschmidtPremium,MVM
join:2000-11-12
Milford, NH
kudos:4 Reviews:
·Fairpoint Commun..
·Hollis Hosting
| Re: Verizon's shame is Fairpoint said by bac522:Bingo...neither Verizon or Fairpoint's fault, but the PUC's of all three states. The issue was never the landline business it was expanding broadband services. It was clear Verizon had no interest in doing that. FairPoint argued, as a smaller Telco with a rural background, it was willing to accept lower profit margin.
What exactly do you think regulators should have done?
/tom | |
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| | | | | | Reviews:
·Comcast
·AT&T Southeast
| Re: Verizon's shame is Fairpoint said by tschmidt:said by bac522:Bingo...neither Verizon or Fairpoint's fault, but the PUC's of all three states. The issue was never the landline business it was expanding broadband services. It was clear Verizon had no interest in doing that. FairPoint argued, as a smaller Telco with a rural background, it was willing to accept lower profit margin. What exactly do you think regulators should have done? /tom At the very least added the stipulation to use Verizon's software instead of having India develop new software. They also should have looked at the fact FP was a incredibly small entity with no track record to say they could handle this kind of load and imagine that... they can't handle it. | |
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| | | | | | tim_kButtons, Bows, Beamer, Shadow, KaseyPremium,VIP
join:2002-02-02
Stewartstown, PA
kudos:8 Reviews:
·Armstrong Zoom ..
| said by tschmidt:What exactly do you think regulators should have done? /tom In recent years government regulators aren't any better than the fox guarding the hen house. They are so much in bed with the industries they are suppose to be keeping an eye on that the corruption is blatant. Yet you'll never see any prosecutions of government or business officials.
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RIP my babies Buttons 1/15/94-2/9/07, Beamer 7/24/08, & Bows 12/17/94-10/11/09 | |
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 lolwhatYou're getting warmerPremium
join:2001-06-11
PonziWorld
·Callcentric
| heh Verizon: "Here, hold this bag!"
Fairpoint: "OK!"
Fairpoint takes bag. Verizon walks away.
Bomb in Bag: "Boom!"
Verizon: "Here, hold this bag!"
Frontier: "OK!"
Frontier takes bag. Verizon walks away.
...
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The Greater Depression: Coming soon to a country near you!
F*** the Republicrats. | |
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| spewakR.I.P DadkinsPremium
join:2001-08-07
Elk Grove, CA
kudos:1 Reviews:
 ·Clear Wireless
·SureWest Internet
| Re: heh said by lolwhat:Verizon: "Here, hold this bag!" Fairpoint: "OK!" Fairpoint takes bag. Verizon walks away.Bomb in Bag: "Boom!" Verizon: "Here, hold this bag!" Frontier: "OK!" Frontier takes bag. Verizon walks away.Frontier finds the bag super glued to their company, all the while there is a ticking sound......
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The weekend is here, grab a can of beer!
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| | Sammer
join:2005-12-22
Canonsburg, PA | Re: heh This is what I think should happen to any state utility commissioners who approve the Frontier deal. "Go directly to jail, do not pass go, do not collect $200!" Any jury should now find such commissioners guilty, guilty, guilty of either gross incompetence or corruption IMHO. | |
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| | | morboComplete Your Transaction
join:2002-01-22
00000 | Re: heh Why not add some accountability to the regulators? Their pay depends on how accurate the claims the merger are over the next 5 years. I think that would solve a lot of these problems. | |
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| | | Reviews:
·Comcast
·AT&T Southeast
| I think Frontier stands a much better chance of being successful then Fairpoint. Frontier has been in the game for a decent amount of time now, have a good many lines and IF (and I really emphasize IF) they have software that can scale properly it shouldn't be that bad. Fairpoint started from scratch and instead of using Verizon's software went to India to have it developed from scratch and it STILL doesn't work right. Not to mention.. the techs don't work right either. Just had to submit a ticket to FP for a Maine move that was "completed" on the 5th yet customer has no DT at the jack nor at the NID. | |
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| | Fairpoint walks ... Fairpoint talks a lot an makes bold statements ..
Too bad it's all hot AIR ....
The unions will never agree with the the new plans
and bankers really don't trust the people call the
shots at FairPoint ...
I smell another filing sometime in 2011 ... maybe
even a Chapter 7 this time .. | |
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