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story category Frontier Shareholders Approve Verizon Deal
But will regulators be quite so easy?
06:10PM Wednesday Oct 28 2009 by Karl Bode
tags: legal · business · telco · FrontierNet Internet Access
Verizon gave us a nudge today to note that the first hurdle in their mega-deal with Frontier has been jumped -- namely Frontier received shareholder approval. The $8.5 billion deal would infuse Frontier (which currently has 2.3 million customers) with 4.8 million new residential and small-business phone lines across 14 states, 1 million broadband connections, and 11,000 former Verizon employees. That huge sudden growth in subscribers and debt is what killed the last two major Verizon efforts to offload their rural subscribers in Hawaii and New England, meaning regulators will be under serious pressure not to rubber stamp the deal.

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  4. AT&T: Google Is The Enemy Of Nuns
  5. Unions Blame Verizon For Fairpoint Disaster
  6. Unions Ramp Up Opposition To Verizon/Frontier Deal
  7. Wisconsin Realizes 'Franchise Reform' Was A Con
  8. Oregon Regulators Not Thrilled With Frontier Deal
Forums » Frontier Shareholders Approve Verizon Deal
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swintec
Premium
join:2003-12-19
Alfred, ME
·RapidVPS
·surpasshosting
·Sprint Mobile Broa..
·VoicePulse
·RoadRunner Cable

Lets get real here...

Of course this will get approved. A few bribes here and there and it will get pushed through and then next year these states will be exactly where we are up here in the Northeast.
--
Block Accounts | UseNet Now

mikedz4

join:2003-04-14
Weirton, WV
·DIRECTV
·Verizon Online DSL
·Comcast Digital Vo..
·Comcast

Re: Lets get real here...

yep i have a funny feeling this will get approved. I was hoping the state of west virginia wouldn't approve it but chances are frontier will promise them the moon and then sit on their tails and do nothing afterwards. That's ok I will just jump ship back to comcast if the state approves the sale. I already know they are blowing smoke up the state's rear in order to get it approved.
iansltx

join:2007-02-19
Golden, CO
·Comcast
·Qwest.net
·magicjack.com
·BeeCreek Communica..
·Sprint Mobile Broa..

Put a provision in there that the municipalities seize the network on bankruptcy and it's all good. Then just sit back for twelve months, watch Frontier fail and suddenly you've got the copper (and in some cases fiber) networks in the hands of people who actually care about serving the customers.

Since people are dropping landlines right and left, there should be more than enough pairs around to do pair-bonded ADSL2+ Annex M for everyone. Put AdrenaLine signal boosters on the pairs for folks farther away and you have 10/5 internet up to 20k feet from the CO, 20/5 at 15k feet. For folks beyond those lengths, use wireless, or allow reselling on the DSL links at a reasonable premium over the cost of the raw bandwidth, so WISPs can pick up the slack from there.

No, copper isn't the ultimate answer for communications, but if you can make sure lines are at halfway-decent quality you can push high-speed services over long-ish distances with them without digging up everything in rural areas.

Now if only Verizon would do all of the above in my area. Or if only Frontier did it in the areas they took over...
guppy_fish
Premium
join:2003-12-09
Lakeland, FL
·Verizon FIOS

Re: Lets get real here...

Yah, so then the towns and city's take ownership and the tax payers get to pay for the needed maintenance and upgrades ... that's real sweet.

But this does prove a point, Verizon is dumping because its not profitable ... and if Verizon can't make it work, no one can unless they can do the BK rinse ...

If Verizon can't sell, then they could just choose to walk away just like people walk away from homes that are under water ( mortgage more than its worth ), business do the same. It makes no sense to own something that is a constant cash drain
iansltx

join:2007-02-19
Golden, CO

Re: Lets get real here...

There's a $7.2B bill for broadband expansion. Heard of it?

With that $7.2B munis can get easy loans and grants, plus they can issue bonds. If the network was run right, I'd definitely buy a bond or two.

tim_k
Buttons, Bows, Beamer, Shadow, Kasey
Premium
join:2002-02-02
Stewartstown, PA
·Millenicom
·WildBlue

said by guppy_fish See Profile :

But this does prove a point, Verizon is dumping because its not profitable ... and if Verizon can't make it work, no one can unless they can do the BK rinse ...

Oh, I think those areas are profitable, just not getting the percentage Verizon wants.
--
RIP my babies Buttons 1/15/94-2/9/07, Beamer 7/24/08, & Bows 12/17/94-10/11/09
sides14

join:2007-11-29
Glendale, AZ
That's funny to think that municipalities care about the people.
iansltx

join:2007-02-19
Golden, CO

Re: Lets get real here...

If your municipality doesn't care about you, it's too big.
Bob61571

join:2008-08-08
Washington, IL

First requirement

was getting Frontier stockholder approval.

But, the easiest requirement of all the hurdles required.

hayabusa3303
Over 200 mph
Premium
join:2005-06-29
clubs:

Its the all new..

Lets make a deal.

what is behind door number 1 ?

SuperJoker

join:2005-11-21
Yermo, CA
·Verizon Online DSL
·Verizon west (ex G..

Re: Its the all new..

said by hayabusa3303 See Profile :

Lets make a deal.

what is behind door number 1 ?
A zonkey named Frontier?

spewak
R.I.P Dadkins
Premium
join:2001-08-07
Elk Grove, CA
·SureWest Internet
·FrontierNet Intern..

Well

Here comes the THIRD victim in a row. Verizon is behaving much like a serial killer would. Lure your victim, then smother 'em with debt. I have to say though, that it couldn't happen to a better VICTIM than that shit company Frontier.
--
The weekend is here, grab a can of beer!

Dominokat
"Hi"
Premium
join:2002-08-06
Boothbay, ME
clubs:

Re: Well

Suckers....

Do they not read the headline from the New England papers?
dekerfman

join:2004-10-07
Weirton, WV

Re: Well

I saw a commercial from the unions trying to get the citizens of West Virginia to fight against this deal.
hottboiinnc
ME

join:2003-10-15
Cleveland, OH
·Time Warner Cable
·buckeye cable

Re: Well

thats because they don't want a pay cut and they want to keep VZ right where its at.

If the deal doesn't go through in any of the states that are being sold, VZ needs to file with the PUC on 90days of giving up the cover areas. Let the states deal with finding them a new provider.

yolarry

join:2007-12-29
Creston, WV
·HughesNet Satellit..

said by dekerfman See Profile :

I saw a commercial from the unions trying to get the citizens of West Virginia to fight against this deal.
I not going to fight because verizon has never install DSL around my area or never send me a damn phone book. also ever since that Directv and Verizon bill merge. I lost tv lots of times.

Thats not all! takes them months to get somebody to repair our phones.. yes months!

FIOS or not, I never going to be a customer to Verizon ever again.
--
HN7000S 5.6.1.35 - 99 West 1370 MHz -Transmit 1 watt - .74m Dish - Pro Plan - installed October 2007 - WRT54G V6 DD-WRT V24

tenpin784
I Went To The Dark Side?

join:2001-03-30
New Durham, NH
Exactly my thinking!

Nope

@rr.com

Frontier is taking a big risk

If government authorities let the Frontier-Verizon deal go through, it is a certainty that Frontier will go down the same path as Hawaiian Telcom and FairPoint. There is no question about it.

When Frontier does its first few monthly financials after acquiring Verizon's lines it will realize it made a colossal blunder. But it will be too late.

It is not possible to take the data from 80-100 Verizon systems and begin processing it with non-Verizon systems. Not in 1 month. Not in 6 months. Not in 12 months. If you succeed in doing it flawlessly with just one system in 12 months you're doing fine. It's impossible to do it with 80-100 systems. The decision-makers have no idea of the problems inherent in that task.

Beyond the system issues, which will bring Frontier to its knees if the deal goes through, Frontier should be considering the bigger question, namely, why buy a landline business that is well on its way to becoming obsolete, even if it stays in Verizon's hands? Ten years from now any landline customer base that Frontier acquires from Verizon today will shrivel to half, a quarter, or even an eighth of its current size, even absent accelerated customer defections due to inevitable system problems. The migration away from copper landlines to wireless is a worldwide phenomenon. There is nothing that Frontier can do to stem the tide.

Boberator

@bellsouth.net

Re: Frontier is taking a big risk

I for one will not be abandoning my landline service until wireless can give me the sound quality and reliability of landline.
Forums » Frontier Shareholders Approve Verizon Deal


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