This report describes the financial circumstances of nTelos, which borrowed lots of money in an attempt to become a major telecom player at just the wrong time and wound up in bankruptcy. Unlike some telecom newcomers, the company formerly known as CFW Telephone (the CFW being "Clifton Forge - Waynesboro") is over a hundred years old and as recently as 4-5 years ago was extremely profitable, but must have guessed wrong on itsexpansion plans.
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