citizen51 Registered: 03/12/08
Posts: 81
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viper77 Registered: 06/13/05
Posts: 163
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| #2 |
Verizon took a 60% ownership of Fairpoint when they spun off the three states. |
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twit22 Registered: 10/07/07
Posts: 1,767
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| #3 |
I hope you guys get Verizon..It was good for the net. But for the longest time, I tried to get it in Windham and could not. Now maybe you will, but if they own 60% of Fairpoint I wonder where they sit with this chapter 11 deal?
I had to get Comcast down here, no Verizon unless it is a dish, and Comcast bundle which is what you have to do actually or pay an arm and 3 legs is terrible. I hope Verizon goes via cable lines vs. the dish as we had problems with that in NH when it snowed, windy etc...How do these things happen? How bad was the Management, apparently really bad. Jeez this is getting wild. Wonder how many other known companies are on the brink of chapter 11 or 7? edited::
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citizen51 Registered: 03/12/08
Posts: 81
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viper77 Registered: 06/13/05
Posts: 163
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| #5 | It looks like I stand corrected.
I've heard talk that AT&T might be looking at buying up Fairpoint. |
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husky96 Registered: 11/06/09
Posts: 7
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| #6 |
Fairpoint is a mess both internally, as they bit-off more than they could chew from a financial standpoint, and externally as they could not handle the size of the operations they bought. It took me 6 months last year to get a bill fixed, even after they admitted that I was right. Not sure how valid the talk of FairPoint being purchased by Verizon or AT&T. Talk on the Street is that both are mad at FairPoint since both firms had planned on selling-off more rural landlines, but the FairPoint mess has caused the Fed to look closely at any new deals. |
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crankyoldguy Registered: 02/23/07
Posts: 666
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| #7 |
Does anybody else remember the t.v. adds promoting the Fair Point deal? It had powerful marketing b.s. written all over it and immediately reminded me of that old adage, "if it sounds too good to be true, it probably is." I wish I'd bet in it. |
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ROTFL Registered: 03/30/06
Posts: 142
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| #8 | The whole reason Verizon did the FairPoint scam in the first place was to get out from under federal requirements to bring high speed service to rural areas. (Requirements they agreed to in order to be allowed to compete with cable companies in the highly profitable urban areas.) The only way they will buy it back is if the government forces them to.
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