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- From: todd glassey
- Date: Fri May 17 15:30:21 2002
I know what happens when an ISP dies, what happens when a registrar dies?
----- Original Message -----
From: "Anthony D Cennami" <firstname.lastname@example.org>
Cc: "Mitch Halmu" <email@example.com>; "todd glassey"
<firstname.lastname@example.org>; "Ralph Doncaster" <email@example.com>; "ren"
<firstname.lastname@example.org>; "Iljitsch van Beijnum" <email@example.com>;
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
> 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.
> firstname.lastname@example.org 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
> >>>well. That means they share MFN's connectivity and peering agreements
> >>>such are incredibly rich environments. Especially with someone like
> >>>Vixie running it, (PAIX that is) my take is that these are number one
> >>>I must admit though that I am a staunch Above.NET supporter and have
> >>>for ages having a single digit customer ID.
> >>"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
> >>The company also announced that it is delaying the filing with the U.S.
> >>Securities and Exchange Commission of its quarterly report for the
> >>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
> >>that he expects the company will ultimately file for Chapter 11
> >>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
> >>troubles did not go away.
> >>The industry has seen a meltdown in the weak economy, and Metromedia
> >>has suffered because many of its customers cannot pay their bills.