The revenue number listed at the top of this page of $6 Billion is wildly Misleading. As of the 2017 year end financials the accurate net profit number is -$2.12 Billion (loss).
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So far as I have seen it the business plan has always been- buy subscribers faster than they can churn, refinance debt from
Losses, layoff, repeat. We do a little smoke and mirrors game when the heat is on to misdirect from the colossal screwups being made and the massive debt from losses piling up, and then kick the can down the road a few feet further so executive paychecks keep flowing
And again the faster the better. That (FCC deregulation of the unbundled access ) isn't a bad thing the bad thing was buying all these junk CLEC companies who's core business was created via the 1996 Telecom act and thinking its a business plan that will continue to be relevant long enough to see a ROI. These iditots were warned multiple times and this place deserves exactly what it gets. It is just a sad state of affairs that we are the ones to suffer but that's life folks. As TT said "this isn't a prison" but let me rephrase it; "don't make this place a prison".
Fool me once (Paetec)... shame on you.
Fool me twice (EarthLink)... Shame on me.
Corporate speak “exit these businesses” = go bankrupt
ILEC is on net and we do make more profit on those customers. Due to changes in FCC regulations we wont get a price break on UNE or S.A. DS1 circuits. Because of this we are no longer competitive, The cost to provide the same services as the ILEC will generally be 10-20% more. This business pressure gives us about 1.5 years to exit these businesses.
You must be talking CLEC CSMB. Getting rid of DSL POTS and T1 on the ILeC network is one of our biggest profit centers... IE theses services have the best margins.. I think you need to take a second glance at the quarterly report bud... Then if you are talking CLEC then yes absolutely faster the better.
HA HA HA HA HA All those problems will go away.... You are too funny.
I think someone got TT to take a break from tweeting waterfall pictures and explain his advanced business knowledge. He’s destroying any semblance of knowing how to run an ice cream stand. This is my new favorite website.
So get rid of all those customers and basically start a new company that provides a tiny subset of the service of the previous company only with zero experience in that marketplace while dragging along billions in debt, nightmare customer service stories, a disenfranchised workforce and a bad reputation. Sounds like a great plan
Revenue is the cash coming in the door. Net profit is the amount after we pay all of the bills.
We run a network with A LOT of cost. Some of our customers are more trouble than they are worth. That is why we are trying to get rid of all of the POTS, DSL, and T1 customers (This is our CSMB base). When they announce the sale all of those customers and problems will go away.