Digital Access, one of several broadband service providers seekin...
Digital Access, one of several broadband service providers seeking to compete against cable operators and phone companies, announced that it was suspending business operations “due to unfavorable capital market conditions.” Digital Access CEO Joseph Cece said company’s shareholders concluded…
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that its inability to forecast timing and magnitude of recovery in senior debt and high- yield markets created unreasonable level of risk in executing its business plan. While “the market opportunity still exists for broadband service providers to attract and retain significant market share,” he said, financial markets no longer are willing to subsidize the heavy building expenses.