old3eyes: Wonder who's got a spare $80 ~ 90 mil these days??

NonprayingMantis:

old3eyes: Wonder who's got a spare $80 ~ 90 mil these days??

$80-90m?   you are joking right.

Can't see it being worth more than 30m, and thats at a push.

NonprayingMantis:

old3eyes: Wonder who's got a spare $80 ~ 90 mil these days??

$80-90m?   you are joking right.

Can't see it being worth more than 30m, and thats at a push.

nickb800:

NonprayingMantis:

old3eyes: Wonder who's got a spare $80 ~ 90 mil these days??

$80-90m?   you are joking right.

Can't see it being worth more than 30m, and thats at a push.

Well thats what the TechDay article is suggesting. But yeah its hard to imagine why that much, although it should be worth a whole lot more the the $25 mill they bought it for, as the customer base and profile and improved massively.

I think the big question is who is bankrolling Vivid, theres talk of Revera but do they even have that sort of money?

Kyanar: ...I just escaped Orcon to join Compass!)

networkn:
So long as Vodafone don't buy them, I could care less (VF just made an acquisition and Orcon is crap now because they spent too much time buying new companies and not putting in the proper infrastructure).

The rot is at the top of Orcon (Right at the top) so unless the new buyer cleans out the top level management they are in for some more pain.

zANavAShi:

Kyanar: ...I just escaped Orcon to join Compass!)

Ye gads! And I was thinking of joining Orcon when my current contract is up. I guess I should read the news more 

willnz: 
....
However... there is no way Orcon is profitable right now or in the short term future. The company has been way too SOE'd. Too many levels of management, too many silly procedures and corporate politicking... the Genius product looks as though it would cost them way too much to get out the door, churn rate is high because service/support is useless, costs of trying to claw back ETCs are high, and they probably end up making something like $20-$30 (total, not per month) per customer on the ones that do stick it out for 12 months (which is probably only about 70% of the customers at best - and the rest of them they're making a loss on).
.....

 

Huh, you'd imagine that's what the early termination fee is for? Set at the margin of where most people are 'fedup' and left, so they won't have to provide any service and still recoup their $20-$30 or however much..

Sounds a bit silly to set yourself up for loss.. or is consumer broadband a loss leader for Orcon 

maverick: land grab prior to a sale maybe