What are your thoughts around TT and the gang taking us private? Is this a way to skirt public scrutiny and do what they please? I know he preaches long term value but I don't see that happening. I process more disconnects than installs.
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If worked in a CO, I'd probably "trip" over some fiber.
Just saying, occupational hazards exist especially when you're shorthanded.
Would hate to see an outage affect TT's money grab.
How can that lowlife crook ever look anyone in the face again. Sad excuse for a human being, smh
Elliott and friends are here to make money,. If you are not part of the core portfolio of products that are supported your days are numbered. What ever the next iteration of WIN 2.0 will be won't include any of these assets they will be sold off. I'm 99% certain that there are talks going on right now to sell everything that is worth money. Once the bankruptcy closes in August you are going to see a lot more movement between now and the end of the year.
Up to date news Win will be private once BK is finished at end of June. The end is near - WIN CLEC will sold off by Elliott - Kinetic ILEC will be around in some fashion or name. The stock 😂 is worthless I did feel bad for the employee who asked what happens to his stock on the all hands call Tuesday. He was hoping his paper was still worth something.
"Can't shut down the CLEC network"
We didn't have an ILEC network on our CLEC network for the last 20 years before this last M&A.
CLEC would just lease back circuits from WIN or another vendor. We have spent A lot of time and money on consultants over the last year. They have put together a business case for every scenario. I was asked to provide insight on how some of this can be done.
Nothing is impossible. Elliot has a lot better business people behind them than WIN / UNIT does.
Can't shut down the CLEC network silly. The WINterstate, the cell towers, the government contracts, and the circuits carried for the ILEC won't just go away.
Things are going to get messy. Now they can move assets around. The CLEC side of the business can be shut down quickly and they can focus on VoIP and SD-WAN. The CLEC TDM network is hemorrhaging money, they will be cash flow positive if they can pull this off, wont need any of those pesky employees either as a majority of the VOIP and SD WAN side of the business is outsourced overseas.
Elliott controls Unity, ,Windstream , and Frontier. It looks like TT and the Gunderman boys plan worked. They put all the real estate and assets into Unity and saved them from bankruptcy . They will eliminate more debt out of Frontier and take it private also. Then merge the two private companies into Unity which is the only one that Elliott controls that has a public stock that still has some value,
A windstream/frontier merger would be horrible for both customers. But both companies will lose so many customers that it probably won’t matter!!LOL
@1djg+15uOMFR9 I think you nailed it right on the head. WS will be around for awhile yet, the new owners need to make some money back before doing anything else. I have said for the last 10-12 months that Frontier and WS will merge in some fashion.
If a private equity group takes over Windstream, they'll gut it and then sell off the pieces.
Ruthless?.....LOL. I am so angry right now I would appreciate the extra push to show what 'ruthless' can be. Times they are a changing!!!
Elliot also owns the controlling share of frontier right now. Their restructuring is a lot less complex than ours. Expect some big news fall of 2020 / Winter 2021 about the next big merger.
Windstream’s predecessor, Alltel, was bought by private equity in 2007 then sold to Verizon in 2008. This is likely a similar flip.
I can't see Elliott running a company using the current executive team for more than a few weeks.
They're very smart people. And extremely ruthless.
They're not going to be the employees' friend but I doubt they'll be kindly in their handling of current execs.
Then again, this is such a weird year in so many ways (economy, stock market, politics, pandemic, etc.) – who am I to predict the future these days?
As a customer, I sure hope there are new faces at the top.
Also – why do people think Elliott is going to do this? Has there been some sort of internal memo inside Windstream on this?
I haven't heard anything in the news. Elliott may more shares than anyone else but there will still be a number of other shareholders – they'd have to buy them out. That would require public disclosure.
Yes thank you judge for setting this company up for Elliott to manage a private company that can privately bully employees and hide from the scrutiny of the public and labor boards! And also for allowing windstream to lose all the debt and not worry about the executives living off the money that grandma invested in bonds for retirement. IMO this is one criminal company about to become one or two more different criminal companies.
Just my personal opinion but I doubt any of our new owners have any interest in running a telecom company long term. I expect quite a lot of changes in the next year. Layoffs, sell offs, breaking up business units etc. everyone should probably start using their personal days if they haven’t already.
You need to take it to the private backroom to butcher up the beast.
In Lil T we trust best damn CEO in World. Strong leadership under him. Poised to shock world and become global telecom powerhouse with Software industry leading development. Will look back at this moment in history 40 years from now as Lil T and Max are enshrined with statues in Little Rock.
Jeff Smalls and Larry Levine will be on Time Magazines “best sales duo in last decade”. God bless Judge Drain he really takes the little man in consideration for all he does for federal government.