I'd love for someone to tell me what a long term plan for this company is. Because, it seems to me that it does not exist at all. Leadership is so preoccupied with balance sheets that it seems to me that they are not even thinking about the future. Nothing good can come of this, neither for the company nor for us employees.
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The plan is to keep the lights on and the data centers running until they sell this thing. The LR5 are still trying to put lipstick on the pig with all of the window dressings.
ILEC has a future with the government funding, the CLEC business is dead. We are on financial life support right now with one business keeping the other alive.
Plan who needs a plan. It’s work for last 7 years with no plan. Gonna keep working.
Elliot’s plan is just like the town hall message sell. Upper management are shuffling pieces taking care of Buddy’s. ILEC is only business unit showing economic growth this is skewed from all free money through Uniti give back, RDOF, and other government investment. No one wants ILEC without Uniti. CLEC has too much tdm, too much to untangled from leased real estate and circuits. No one wants to deal with a mess especially when it’s priced too high. Layoffs are coming please beware of hype spewed
Were there others buyers other than Zayo?
There's also years of spaghetti to unwind in the back office.
There's some value in the voip network but that's a competitive market.
There's value in the transport network but it's hard to say what that's worth with the smoke and mirrors accounting that is Unity.
Pretty simple. Has been spelled out multiple times.
- Sell CLEC (Enterprise or whatever you want to call that side of the business)
- Invest heavily in fiber and increase residential fiber penetration in the remaining ILEC company
Step 1 has been stopped because that side of the business is absolutely horrible. Multiple buyers have gotten as far as reviewing internal financials before backing out.
Step 2 is slower than it should be because for years instead of using USF funding to invest in the network that funding was passed through as a dividend to shareholders. This has resulted in a mountain of technical debt and poorly maintained physical plant.
Whether it succeeds or not is yet to be seen. Whether the current management is the right one to see it through is also unknown. As a business Windstream does not have a history of making good decisions.
The company exists only for a very select few and we all know who the are. As long as they have their high 6 digit salaries and get their million dollar bonus that's all that matters.