Looks like, if C&S pull this off, that we are becoming a full fledged telco. Who knows whats next? I would have thought they would be interested in the now BK, cell phone tower operator known as Pinnacle (traded as BIGT). Seems like the kind of hodge podge asset that they would like. WHo knows what else is waiting in the wings. Still lots of little CLECs waiting to be absorebed on. Wiltel could add alot of value through bolt-on acquisitions.
++Looks like, if C&S pull this off, that we are becoming a full fledged telco.+++
that is my take on the situation. M&A to come.
i think it is entirely appropriate for LUK to cash out the other WTEL shareholders on these terms. i think they are getting ready to do some scary things with this vehicle, and it is not appropriate to subject former WCG bondholders to the risks, nor to share the rewards. the public, neither.
i have been watching WTEL closely & scratching my head about it for a long time now. still could not get comfortable on the buy. i don't think any non-control investor really could, given the huge operational uncertainties faced at present.
so i'm sorry to have missed the pop, but no regrets, and i think it's absolutely the right thing to happen.