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Alisonís Wonderland
Alisonís Wonderland
9/4/2019 5:10:03 PM
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Re: 80's
Believe they were bought out. Read the local articles which suggested there was some kind of agreement -- at least in part between the smaller businessmen and Murphy, and then the billlionaire came into the picture with a better tale to tell and, obviously, more to invest in the operator. I can certainly understand all parties' points of view here. The good news: There are many, many small operators seeking capital so they can expand quickly enough to meet demand. And as Tom Stanton of ADTRAN said, an unscientific survey seems to suggest there's more money around for them -- from pro investors, those looking for a quick-ish buck and those who want to put money into a good cause with a good-probable return. 

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JohnDrake
JohnDrake
9/4/2019 1:08:46 PM
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Gigamaster
Re: 80's
I'm not sure if the original investors had their share diluted, or if they were bought out. I can understand their regret if they were bought out completely.

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JohnDrake
JohnDrake
9/4/2019 1:06:28 PM
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Gigamaster
Re: 80's
I guess the original backers just didn't want to dilute their share, but sometimes the dilution is worth it, when the infusion of additional funds results in much, much faster growth and returns.

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Alisonís Wonderland
Alisonís Wonderland
9/4/2019 9:25:03 AM
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Re: 80's
Glad to bring back some memories!

One reason I wanted to profile this provider is Greenlight's ability to find funding, given lack of capital is a huge concern for many smaller providers. There was a bit of a back story, according to local press. Apparently Greenlight's original businessmen backers filed suit to prevent Tom Golisano's acquisition; obviously their suit failed and it's unclear (to me, from simply reading a few local biz articles) what they were going to add to Greenlight's coffers. It is easy to see why they were eager to hold onto a growing biz in a fast-growing field: Broadband!

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JohnDrake
JohnDrake
9/4/2019 2:12:21 AM
User Rank
Gigamaster
80's
I remember working with my first fiber optics splicing kit in the 80's.

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