Only 2 options left for this company bankruptcy or selling the company ! Not sure any company would want to buy this company with no assets and a churning customer base with low margins !
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Windstream’s records are a total mess...a few years ago they moved their records to GComms ... the conversion was a total wreck...when windstream decided to get rid of their local provisioners the records took another hit ... then they decided to take away the local drafters ... another huge mistake...the local OSP engineers have been cut dramatically and the ones left can not handle the unrealistic expectations...equating to another huge mess...local OSP engineers have become a one stop shop...they are engineers, accountants, drafters, record keepers, etc...etc...and bottom line is there very few of them left...most under appreciated position...the ones left are exhausted and no one in this company understands this...records are and have been the heart beat of this company...not to mention some of the managers within this group that did not follow through with getting remotes cutover...so much big dollar equipment sitting out there and customers were never cutover...instead of dismissing these managers, they promote them...what the heck! When they took away the local drafters and created posting clerks that don’t even know how to read a construction print results in massive posting errors...again resulting in a huge mess...so if frontier has records issues and I know Windstream has massive records issue ... well let’s just hope and pray they don’t merge these two companies....
I saw something on the frontier communications side of this site that seemed to indicate a Frontier/Windstream merger.
Things could get interesting if that happens. Hopefully it doesn't, everything I know about thier records system is a mess.
Go bankrupt or Sell? Mr. T should be terrified by either prospect; however, we all know that he is covered by his golden parachute, not to mention that he has had a couple of good years already financially. The shareholders that might have campaigned for change are all gone since they all sold out when the dividend was eliminated. There is not one person of influence that cares or would do anything that would benefit the employee or the customer, and now it appears that there is nothing that anyone can do. Rumors & opinions are plentiful and some seem very probable. In addition to the RIF on the 18th, there was more reorganizing in the area that I currently work. The area director position was eliminated, but the 2 directors that I know where affected, have been given the opportunity to take demotions, but still have jobs. I am in Texas. Texas, New Mexico, & Oklahoma area all rural service areas in the WIN network. Dial Tone, Residential/Business Internet, T1's & some EIA's are the services provided in most of these areas. 4 wire centers in Texas along the Texas/New Mexico border are being placed in the "New Mexico" division under the new changes. It is the opinion of myself and others that this is because the New Mexico area of WIN is being sold off. Centurylink is the primary provider in New Mexico and if purchased with the 4 wire centers in Texas would give them all of New Mexico and the Texas wire centers needed to provide seamless access to to WINs fiber network for transport purposes. It would provide much needed cash for debt reduction & eliminate one step of what would probably be required in the process of "reorganization" in a bankruptcy claim. I am obviously no business expert, and I know that logic is a curse word in the phone business, but stranger things have happened. The 2016 election proved that! Anyone out there have any insight on this idea?
Most likely chapter 11 coming. Regardless of how many they are getting onboard with sdwan they will end up leaving due to low quality of customer service given by the remaining bottom of barrel employees.
Ponzi Scheme:
Companies that engage in Ponzi schemes focus all of their energy into attracting new clients to make investments. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart.
So we’re now a growth company ?? In other words we will be buying smaller companies ( aka Mass Co ) like a Ponzi scheme s--- the life out of that company and keep repeating this process until the well goes dry. Yes, the faucet is down to a slow drip.
SDWAN is a joke. WS just wanted to hop on the bandwagon and act like they had this amazing product. If it did succeed, it probably would have eliminated more than half of the jobs in provisioning. The UCaaS product COULD be a great product, except very few on that team even know how the product works or how to troubleshoot it.
But at the end of the day, WS didn't care about have a new successful product. All they wanted to do was to stand up something new very quickly that was news worthy. If you pay attn to the headlines, the WS PR team puts out a lot of little BS press releases to try to counter all of the negative publicity and negatively that is inherent in everything that WS touches. He'll, they'd prob publish an article about how they published a great lipstick company and how they are going to revolutionize the bacon industry!
The company is already being shopped around. They are trying to right the ship but that is hard to do with soo much debt. All of the legacy systems and TDM networks still out there are bogging things down. I'm not sure how much value there is in the network, the new company might just want to buy out the customer base. I guess UCaaS and SD-WAN didn't save the company.
I never understand these greedy types. Maybe they think more millions will make their dinks bigger. Meanwhile their wives are being satisfied by men they actually find attractive and little napoleon thinks hes master of the world.
This isnthe real nature of the beast. Its high time you guys learn what they are really after. There is no turnaround for WS. The CEO and all the higher ups are trying to position this company to be acquired. At which point all their shares will go to the buyout price and they will sail away to repeat the process at another distressed entity. The layoffs arent for benefit of anyone but for the greed of a few.