Fairpoint files for Chapter 11

[Mark Ordung]

I guess I'm naive but it irritates me that the NH PUC web site says:

"The Telecommunications Division assists the Commission in regulating
the $800M telecommunications industry in New Hampshire. Registered
public utilities include incumbent local exchange carriers (FairPoint
and seven independent telephone companies), approximately 30 active
competitive local exchange carriers, and over 100 in-state toll
providers. The Commission does not regulate cable television,
wireless/cellular, out-of-state long distance or Internet service
providers."

This has been, to me, a very interesting thread. Does anyone know of a
forum with a similar ongoing conversation about telecomm in NH?  Maybe
we should fork one. Or is the subject automatically 'on track'?

Mark

On Wed, Oct 28, 2009 at 6:12 PM, Bill McGonigle <bill at bfccomputing.com> wrote:
> On 10/27/2009 08:11 PM, Jon 'maddog' Hall wrote:
>> I went to a presentation the other night where a person from Fairpoint
>> said that they had just put in a new Terabit switch as one of three they
>> had installed in New Hampshire.  They are going after the broadband
>> business, and will probably lump "POTS" on top of that.  They indicated
>> that Verizon had not done much in the way of real improvement to rural
>> areas (as opposed to Nashua or other cities) for a long time.
>
> They only ever expected to make money in the video (over ADSL2)
> business.  Nobody ever thought they had enough reserve capital, it was a
> debt-leveraged play, and a crashed economy certainly bollixed their
> business plan.
>
> The trouble with Chapter 11, though, is who's going to extend them
> credit from the vendor sphere?  They're holding a license to defraud
> their creditors.  'Cash on the barrel' would seem to be the acceptable
> terms.
>
> Is anybody aware of any actual video roll-out that's been done?  One
> would think they'd have gone after revenue immediately, but that seems
> not to be the case, at least in my area.
>
> Maybe if this does crash and burn the PUC will get out of the
> monopoly-granting business.  A man can dream, can't he?
>
>
> -Bill
>
> --
> Bill McGonigle, Owner
> BFC Computing, LLC
> http://bfccomputing.com/
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 “Doubt is not a pleasant condition, but certainty is absurd.” – Voltaire