Combination of government and private equity money. Sound familiar?
One of the few cases where a RUS loan went very bad. USDA and Chase private equity left holding the bag. Google search comes up with Denver Post articles, one quoting a vendor surprised at how nicely appointed the HQ was for a startup. Announced a stalking horse bidder but no real bidder came forward. Private equity investment was a condition for getting the RUS money, you’d think they would take the hit and the govt loan would be paid back but apparently they both got snookered. From: AF <af-boun...@af.afmug.com> On Behalf Of Dan P via AF Sent: Monday, September 23, 2024 11:15 AM To: AnimalFarm Microwave Users Group <af@af.afmug.com> Cc: Dan P <d...@webnx.com> Subject: Re: [AFMUG] defunct WISPs Sounds like vivant, they left so much crap up From: AF <af-boun...@af.afmug.com <mailto:af-boun...@af.afmug.com> > On Behalf Of Mike Hammett Sent: Monday, September 23, 2024 10:13 AM To: AnimalFarm Microwave Users Group <af@af.afmug.com <mailto:af@af.afmug.com> > Subject: Re: [AFMUG] defunct WISPs and then I think they just abandoned their gear in place. ----- Mike Hammett <http://www.ics-il.com/> Intelligent Computing Solutions <https://www.facebook.com/ICSIL> <https://plus.google.com/+IntelligentComputingSolutionsDeKalb> <https://www.linkedin.com/company/intelligent-computing-solutions> <https://twitter.com/ICSIL> <http://www.midwest-ix.com/> Midwest Internet Exchange <https://www.facebook.com/mdwestix> <https://www.linkedin.com/company/midwest-internet-exchange> <https://twitter.com/mdwestix> <http://www.thebrotherswisp.com/> The Brothers WISP <https://www.facebook.com/thebrotherswisp> <https://www.youtube.com/channel/UCXSdfxQv7SpoRQYNyLwntZg> _____ From: "Ken Hohhof" <khoh...@kwom.com <mailto:khoh...@kwom.com> > To: "AnimalFarm Microwave Users Group" <af@af.afmug.com <mailto:af@af.afmug.com> > Sent: Monday, September 23, 2024 11:00:06 AM Subject: Re: [AFMUG] defunct WISPs Yes, thank you. Openrange is the name I was trying to remember. Any idea what happened with them? I seem to remember they shut down suddenly and left customers without service. I don’t remember them getting bought out. From: AF <af-boun...@af.afmug.com <mailto:af-boun...@af.afmug.com> > On Behalf Of Colin Stanners Sent: Monday, September 23, 2024 10:47 AM To: AnimalFarm Microwave Users Group <af@af.afmug.com <mailto:af@af.afmug.com> > Subject: Re: [AFMUG] defunct WISPs I don't follow what happens down there in the USA much but was it Openrange? On Mon, Sep 23, 2024, 10:28 a.m. Ken Hohhof <khoh...@kwom.com <mailto:khoh...@kwom.com> > wrote: I remember around the time JAB/Rise was taking off there was a flurry of other WISPs that took off and then crashed and burned rather suddenly. I think at least one of them used WiMAX equipment that was somewhat popular with apartment dwellers because they had indoor modems. I also seem to remember equipment vendors left holding the bag, and surplus equipment showing up on eBay. I think one of them approached us about M&A but they were offering stock claiming that was better than cash because it would go up in value (yeah, right). Anyone remember the names of these companies, I’m drawing a blank. Also any recollection of what went wrong and lessons learned that might apply to the current rush to deploy broadand. -- AF mailing list AF@af.afmug.com <mailto:AF@af.afmug.com> http://af.afmug.com/mailman/listinfo/af_af.afmug.com -- AF mailing list AF@af.afmug.com <mailto:AF@af.afmug.com> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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