erikthebean
join:2007-06-25
Manchester, NH
 ·Comcast
 ·MV Communications,..
 ·Voipgo
·callwithus
·Callcentric
| Buyout
I have a feeling they will file Ch 11 and a big ILEC like AT&T would buy them out. I HIGHLY doubt Verizon or A Century Tel would ever buy out FairPoint. To me the only Company other that Verizon that would make sense to buy out FairPoint would be AT&T. Besides they love DSL..Their U-Verse is a quasi (lack of a better work) DSL..We'll see what happens. |
|
mouseferatu
Too many cats, Too many mice
Premium,MVM
join:2004-03-16
Im not sure
clubs:
 ·Verizon FIOS
·Fairpoint Communic..
·Comcast
| I am with you... I am not expecting to see Verizon back in the mix anytime soon- the management wanted out of here badly.
The PUC's of all three states are as much to blame for this mess as FairPoint- they only heard what they wanted to hear, and the open hearings that they held were, IMO, pretty much a joke.
I went to most of 'em in ME and NH, and they failed to adequately address the fact that FairPoint was ill equipped to manage an acquisition the size of this one.
--
"Do not meddle in the affairs of dragons, for thou art crispy and good with catsup." |
|
CaptainRR
Premium
join:2006-04-21
Blue Rock, OH
| reply to erikthebean
I really dont think you will see a buyout. After all the aconomy in the dumps and Verizon's investers are happy they are hanging on due to FIOS? Or should I say the money they just got from dumping New England. If it wasnt profitable for Verizon and a economy in the dumps it wont be untill things get better before Fairpoint will make a go of this. |
|
bac522
join:2003-08-04
Manchester, NH
| NH was profitable for Verizon, hence the reason they put quite a bit of FIOS here, it was ME and VT they wanted to dump, but Fairpoint knew they couldn't make a dime in those states and told Verizon no deal unless NH was part of the sale. Ultimately it is the PUC's of all three states that should be held responsible for this mess.
Chapter 11 is a good thing for the company filing because you get to pretty much wipe out a ton of dept for next to nothing, but clearly it's a very very bad thing for their creditors. |
|
