CTC was in very good shape when Windstream bought it for 585 million 12 years ago. It had 120,000 customers then.
CTC had just run fiber past many homes but not marketed it yet. Windstream finally started offering 1 Gig broadband here in the last 18 months using that fiber.
Low-hanging fruit left unpicked for 10 years!
I signed up and it's great. I figure fiber takes a lot less maintenance and tweaking than copper so I'm optimistic that as the company struggles, the fiber will keep working. It helps that our service here is underground and the pole lines feeding this area don't have a lot of trees.
My concern is more for my company, a big ILEC customer here. There are many more moving parts to that relationship than my simple FTTH line.
I like to hope that we may be in better shape than old Alltel areas that were underinvested for much longer.
My question for folks in this area -- is there much value left in the old CTC remnants that would be worth an outside company buying them and turning them around?