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Re: C&W east coast flap this afternoon?
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