Hi Bernard,
"If you take the map of Nextlink's CLEC operations
...it is quite obvious that Nextband was following
a precise script."
I don't doubt that a bit.
"WNP's actions were more suspect"
This is the whole gist of my problems.
"you have to remember it takes two to collude."
Do you think it's above McCaw to, as Troezen put it, have a gentleman's agreement, something to the effect of "you stay out of my territories, buy up the rest of the nation, and I'll double your money within the year".
"It could be argued that WNP was just attempting to pick all the low hanging fruit as cheaply as possible."
I just don't think that flies.
WNP paid $8.28 a pop or $34M for Boston
$6.75 a pop or $55M for Chicago
$5.58 a pop or $24M for Dallas
$5.45 a pop or $32M for Philly
So they weren't adverse to paying up for major markets.
Other major markets;
Denver at $9.22 per pop, Pheonix at $4.69 per pop, San Fran at $4.84 per pop.
Nextband got their major markets for;
LA at $2.47 per pop, Portland at $3.47 per pop, Sacramento at $2.94 per pop, and Seattle for $3.32 per pop.
"I was unaware that Baker Creek had defaulted on its licenses, as you discovered."
As the link pointed out, Baker Creek didn't default, they just lost their bidding credit due their affiliation with Hyperion and Adelphia. It looks like they only defaulted on 37 or so licenses out of the 232 they had won. The reason for this was probably that these were markets were Hyperion or Adelphia had LEC or cable operations.
(PS Why would Baker Creek be forced to give up licenses in regions where Hyperion had LEC operations, but Nextband could obtain licenses in markets where Nextlink had LEC operations?) |
