Post by
Ocalaman on Nov 04, 2024 8:59am
kneejerking
initially they stated that the mlse proceeds were to pay down debt and they turn around and incur more debt ? The parent company of ziply is a private firm whi initially bought the network from a bankrupt telco for 1.5 b, took money from partners to build the network and now seem to be the only benefactors of bce's zigzagging game plan. Odds are the dividend freeze will go well beyond 2025 since the new assets are in desperate need of capitlal in a competitive monster envrironment., theres a good reason the parent investment firm is selling.
Comment by
flush777 on Nov 04, 2024 9:43am
I will give you a thumbs up here, "since the new assets are in desperate need of capitlal in a competitive monster envrironment." DEBT FOSTERS MORE DEBT??
Comment by
Ciao on Nov 04, 2024 1:20pm
Telling investors that they sold MLSE interests to pay down debt and then using proceeds to buy U.S. fibre assets sets them up for lawsuits to follow esp. given the market reaction that should have been expected.
Comment by
Eastbank on Nov 04, 2024 2:00pm
CEO and Board...What were they thinking! The debt needed to be tackled first and foremost!