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Re: Election 2019, Week 1
Quote:
Originally Posted by Pierre
This is a list of companies building FTTH networks right now.
To be clear these are building their own networks and not using BT ( although I have included Openreach as they too are building)
It is not exhaustive, just the ones I know about.
You can try and test me on the telecoms sector but I have been in the industry for 25 years so knock yourself out.
---------- Post added at 22:19 ---------- Previous post was at 22:06 ----------
What do you suggest?
Glad you brought that up. Yes as part of the .com bubble. Many millionaires and billionaires financed the buildings of global fibre networks and lost the lot.
Massive infrastructure was built with private money, it didn’t stack up, it cost billions. But it got done and it’s legacy remains today. In a govt managed scenario two things would have happened:
1. It wouldn’t have been built to begin with
2. Tax payer would have payed for it.
Only laughable thing about that proposition is your inability to a.understand it, or b. Provide an intelligent answer to it.
Your ignorance is amazing, well done. Public financing with private professionalism and delivery - a perfect partnership.
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Actually...
Quote:
In return for writing off their debt, the bondholders will end up with 100 per cent of NTL's UK and Ireland ops - initially - and 86.5 per cent of its continental European business. NTL is splitting the two components into separate businesses, removing a big sticking point among many creditors, which expressed their unhappiness with the UK arm being saddled with the lossmaking European sub( to be called NTL Euroco. The operating businesses are not in Chapter 11 or local equivalents, and continue trading as normal.
Stage 2 in the recapitalisation will see a rights issue for the NTL UK and Ireland, Existing NTL shareholders, most notably France Telecom, will have subscription rights equivalent to $10.5bn "enterprise value", entitling them inter alia to buy up to 32.5 per cent of the business.
Shareholders will have 13 per cent of NTL Euroco, which will continue to have an unspecified amount of bonds outstanding. On completion of the recapitalisation, NTL will transfer its 27 per cent stake in Noos SA to France Telecom, in line with promises it made when the telco invested in the business.
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And the corporate shareholders (none of the billionaires used their own funds) would have been able to write off any losses against tax liabilities.
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