On Wed, 13 Nov 2002, Peter Salus wrote:
C&W is divesting itself of a lot of "real estate" these days. It struck a deal with Primus concerning its voice customers (last week), now its DSL customers to New Edge.
New Edge is also getting their non-enterprise (i.e. T1, frac DS3) customers. We got our first strong-arm letter on October 11th threatening disconnection if we didn't sign a migration authorization. Yesterday we got notice that our T1's get shut off on December 31st.
Moreover, the BBC reports today that C&W is cutting 3500 jobs worldwide and "also announced heavy losses." C&W announced that it was cutting 23 of its 42 "data centres around the world."
(The losses this past year exceed $6.5 Billion.)
This doesn't surprise me. Exodus lost their shirts buying GlobalCenter. Then C&W bought Exodus. Granted, it's not the only reason for losing money. But it's undoubtedly a big contributor. -j