If the fiber side of Crown was a good and profitable business they would have been able to sell it by now.
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Pretty sure it’s going to be private equity, sounds like Comcast is out.
Agreed, deal is done. Crown is tidying up and taking care of layoffs and such up front as part of deal so buyer doesn't take a hit with their new employees.
The deal is done. Inventory audits are being conducted as part of the valuation as we speak.
My guess is there's already a deal done. Just like when we bought companies it takes a few months to hammer out details before announcement. Layoffs and office closures were probably part of those details.
Someone giving head to get ahead! Good ol' quid pro quo...
Any news on the litigation?
Someone who was getting DP'd
Who’s KNag
Wonder if there is video footage… Maybe the amateur film actress gave pointers.
KNag was more than hit on...hit from all angles.
As far as the West goes, our fiber team is a disaster. The VP is a HUGE joke that just throws is weight around. Watch out, it could ki-l somebody. His only mission is to make CL and KP happy. The people hear are good but if you are not on board with his agenda, you are toast and so is your projects. Unless he hits on you, then you will get promoted. Just ask CNag.
Maybe if the Tower Turds didn't mismanaged the fiber side we would be profitable. Fibertech and Lightower were doing just fine.
It’s the debt load which is the problem, not the assets duh!
The industry has had many failed fiber companies. People with LEC, start up and ILEC experience have not been able to produce winning companies in the past. There was no guarantee CC could. Assuming if you build it they will come is OK but you need them to stay. Just like CATV or streaming someone is ready to undercut you for your customer.
It is nice to the stock up for now.
The sale is closer than people think...assets are being counted.
Fiber is absolutely not profitable across the company when accounting for churn, that's why they just kicked the margin requirements up so high. I'm not saying the industry or the product is bad, I'm saying crown's business model is not profitable on the BAU fiber side, it's floated by large projects, small cells, and venues.
@pxp+1u18SWbN---------Fiber is profitable, but that's not the issue. It's the cost associated with the previous acquisitions. Crown invested well over 20B ------probably can't sell it for more than 15B. Negative ROI. Hence the reason JB is gone as well as others. The Fiber business has an awful business model.
Exactly someone’s definitely buying it but it will be a while.
You obviously have NO idea how long transactions of this magnitude take to initially negotiate and then to close. This isn’t like going to the dealership to negotiate and buy a car. This will be a multi-billion dollar transaction where there needs to be significant due diligence performed by any potential buyer before even submitting a firm offer. For comparison sake, Crown paid $7.1 billion for Lightower in 2017 and they have only added to and enhanced that network (in addition to the other fiber/network acquisitions). The fiber business is profitable, just not on the same plane as towers.