Wednesday, April 16, 2003

Western Virginia CLEC and wireless provider says view from bankruptcy is rosy

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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