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Covad Files For Bankruptcy Protection

Posted by ryuzaki0 on from the spread-too-thin dept.

xnuandax writes: "Well, it's finally happened, DSL provider Covad Communications has buckled under its post-tech-bubble debt load and filed for Chapter 11 (See this c|net article). While this doesn't mean that Covad is turning off the lights on its 330,000+ customers, things are not looking so rosy for the last competitive (non-Bell) DSL provider left standing. Seems that the USA is setting herself up for a broadband cartel (of Baby Bells) that's going to make OPEC look like a poster child of free market competition." The announcement is from earlier this week, but they've been acting bankrupt for a while. Just like with Loki though, this doesn't mean they're out of business, at least not yet.

1 of 182 comments (clear)

  1. dsl sux0rs. by jon_c · · Score: 5, Informative

    Nov 1: Move to Austin from Seattle.

    Nov 2: Call speakeasy to request DSL

    Nov 3: Get off the phone with speakeasy.

    Nov 15: Speakeasy puts in order with southwestern bell

    Dec 25: Southwestern bell hooks up the loop, but does it wrong.

    Jan 15: Southwestern bell hooks up loop correctly.

    Jan 25: some dude comes to my house to install stuff, but can't get it working becaues my house was built around the 1850's or some such crap. Tells me i -might- be able to get DSL but it requires sacraficeing a chicken around the next full moon, and thats not for another 15 days!!

    Jan 26: I call about Road Runner cable, after ONE ring a person answers the phone and tells me I can have a STUPID FAST connect TOMMOROW.

    Jan 27t: I get my cable modem with NO PROBLEMS, and bitchin 250k sec d/l speeds for 50 bucks a month. w00t!

    -Jon

    --
    this is my sig.