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North American Network Operators Group Date Prev | Date Next | Date Index | Thread Index | Author Index | Historical Re: Interconnects
I know what happens when an ISP dies, what happens when a registrar dies? T. ----- Original Message ----- From: "Anthony D Cennami" <[email protected]> To: <[email protected]> Cc: "Mitch Halmu" <[email protected]>; "todd glassey" <[email protected]>; "Ralph Doncaster" <[email protected]>; "ren" <[email protected]>; "Iljitsch van Beijnum" <[email protected]>; <[email protected]> Sent: Friday, May 17, 2002 11:09 AM Subject: Re: Interconnects > > I don't think a story detailing a companies fiscal standing and near > future liklihood of a Chapter 11 filing would be characterized as a > 'personal grievance.' Not until that company pulls the plug on its > customers, facilities and network and leaves a lot of companies out to dry. > > In any case, I think it's only fair that people are afforded the > opportunity to make an informed decision about who they do business > with, whether that information is technical or financial in nature would > appear to be irrelevant. > > That is one of the main purposes of this and other similar lists. If > anything, I think it is you who is fending your 'personal' opinion of a > company, rather than providing a sound argument in their defence. > > [email protected] wrote: > > > > > Is it necessary for you to continually air personal grievances on this > > public list? > > > > The question related to places where network interconnect, not who's > > friends with who this week. > > > > Flames welcome in private!! > > > > Steve > > > > > > On Fri, 17 May 2002, Mitch Halmu wrote: > > > > > >> > >>On Fri, 17 May 2002, todd glassey wrote: > >> > >> > >>>PAIX is a division of MFN (Metropolitan Fiber Networks) as Above.NET is as > >>>well. That means they share MFN's connectivity and peering agreements and as > >>>such are incredibly rich environments. Especially with someone like Paul > >>>Vixie running it, (PAIX that is) my take is that these are number one > >>>providers. > >>> > >>>I must admit though that I am a staunch Above.NET supporter and have been > >>>for ages having a single digit customer ID. > >>> > >>>Todd > >>> > >>"Incredibly rich environments" indeed: > >> > >>-- > >> > >>Metromedia Fiber misses interest payment > >> > >>By BARBARA WOLLER > >>THE JOURNAL NEWS > >>(Original publication: May 17, 2002) > >> > >>WHITE PLAINS - Metromedia Fiber Network - which has been struggling for > >>months to avoid a filing for bankruptcy court protection - reported > >>Wednesday night that it did not pay about $32 million in interest that > >>was due that day on $650 million of 10 percent senior notes. > >> > >>The White Plains-based company, which has built fiber-optic broadband > >>communications systems within cities, said it will be in default on the > >>loan if it does not make the payment before a 30-day grace period expires. > >> > >>The company also announced that it is delaying the filing with the U.S. > >>Securities and Exchange Commission of its quarterly report for the period > >>ended March 31. Metromedia Fiber had previously announced that it had > >>delayed filing with the SEC of its annual report for the year ending > >>Dec. 31, 2001. > >> > >>"We're attempting to restructure the debt," said company spokeswoman > >>Kara Carbone. "We're still working on all alternatives. But if we don't, > >>we may have to seek protection under Chapter 11." > >> > >>Industry analyst Victor Valdivia of Hudson River Analytics said yesterday > >>that he expects the company will ultimately file for Chapter 11 protection > >>under the U.S. Bankruptcy Code. > >> > >>"We don't think there's a lot of upside at this point," Valdivia said. > >> > >>In March, the company defaulted on an $8.1 million interest payment due > >>to Nortel Networks on a $231 million loan. In mid-April the company > >>defaulted on a $30 million interest payment on a loan of $975 million > >>from Verizon Communications. > >> > >>Metromedia Fiber was able to stave off Chapter 11 in October when it > >>secured a $611 financial package in an environment where lenders have > >>not been willing to provide money to telecom companies. But the company's > >>troubles did not go away. > >> > >>The industry has seen a meltdown in the weak economy, and Metromedia Fiber > >>has suffered because many of its customers cannot pay their bills. > >> > >> > > > > > >
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