When Lawyers & Financiers attack

Ellis says the city is hoping it won’t have to pull fiber optic cable out of the ground to return the property to leaseholder CitiCapital. Instead, the city hopes to be able to find the same kind of cable and that it can then turn over to CitiCapital.

via Vermont state board hears from Burlington Telecom | The Burlington Free Press | Burlington, Vermont.

Pull fiber from the ground to recoup debt? WTF? Last time I checked recovered fiber wasn’t worth anything. And most of the money spent was in installation.  And it cost a ton to remove it in the first place.

And if you can find the “same kind” of cable, why don’t you just give them cash? Or does BT has a secret stockpile of cable.

I’ve always figured that CitiCapital would be pulling equipment from the core. Say some routers & switches? Or something from the IPTV head end. At least there is a resale market for that stuff.

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