How is it that after the spinoff of Unity that Windstream and its employees are responsible for all day to day activities on assets that we as Windstream don’t own? We replace faulty cards, maintain the fiber and copper assets, upgrade systems All on Windstream’s dime. I’m unable to grasp how we pay Unity to lease the assets and yet Windstream is responsible for everything. There isn’t any way to account for our time working onUnity assets. Unity is getting free labor free maintenance and upgrades at the expense of Windstream. Unity and it’s shareholders are in for a big surprise when they actually start paying for the maintenance and upkeep of the network. Think about it... Has any Windstream employees seen any Unity techs? The whole thing smells like a 10 pound bag is Fraud to me.
4 replies (most recent on top)
Single-net, double-net and triple-net leases are common in the commercial leasing.
Many airlines are flying planes they don’t own but have leased on long-term leases. They do all the maintenance. The huge multi-billion dollar leasing companies have very few employees- mostly financial and admin types.
Uniti is just a shell company. Come on, one gunderman runs one company and another gunderman runs the other. Its a joke. And they want you to believe that the brothers are actually having arguements over the bs deal they constructed lol
The answer is simple: the Uniti lease is structured as a “triple net lease”.
https://en.wikipedia.org/wiki/NNN_lease
Windstream is obliged to handle all these things under the terms of the lease.
I think I read somewhere that Uniti has < 100 people
Isn't that the argument now? It was a lease, then it wasn't, now it is again, or vice versa. It has already been determined that the spin-off was illegal in the eyes of the creditors. Surprisingly, the SEC isn't all over this "agreement" between W & Uniti. I'll go along with your fraud theory, generally speaking.