Alameda Power & Telecom (AP&T) is Alameda's municipally owned utility company providing power, Internet access, Cable TV and commercial high-speed data access to Alameda residents and businesses. It is governed by Alameda's Public Utilities Commission.
In 2006, a scandal erupted in the newspapers about the $80 million in debt that AP&T had amassed in the buildout of it's cable TV and Internet access business.
| 06/28/2008 11:30 AM |
| Alameda Power and Telecom Cable Subscribers Down |
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The impending sale of Alameda Power and Telecom’s cable and internet division must be deterring Alameda residents from signing up for cable TV service. According to the May 2008 General Manager’s report, presented to Alameda’s Public Utilities Board on June 16th, cable TV subscribers continued their decline from 9,557 subscribers in June of 2007, to [...]
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| 05/14/2008 02:48 PM |
| Alameda Power and Telecom - Sale in Progress |
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At the April 28th Alameda Public Utilities Board Meeting, Alameda Power and Telecom General Manager Girish Balachandran gave an update to the PUB board on the sale and re-financing options for the telecom division of AP and T.
In his quarterly report on trends and initiatives, Mr. Balachandran reported that he has responded to “various information [...]
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| 04/23/2008 12:06 PM |
| Former Alameda Journal Editor Jeff Mitchell Writing the East Bay Express |
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Former Alameda Journal editor Jeff Mitchell now appears to be writing for the East Bay Express. See this article which appeared today.
But Mitchell’s running a little late on this game - first, we already covered the potential sales value of AP&T’s network back on March 29th, second he seems to still be riding the same [...]
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| 03/29/2008 05:33 PM |
| AP&T Network Worth Roughly $18 million |
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According to this report Alameda Power & Telecom’s telecom division is worth about $18 million, or roughly 24 to 25% of the accumulated $80 million of debt.
The report states that the municipal operator in Lowell, Michigan, sold their cable system to Comcast in 2007 for $3.5 million, or roughly $1,887 per subscriber. That would value [...]
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| 03/20/2008 07:59 PM |
| Cut AP&T?s Losses ASAP |
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Will that be one lump or two? One lump means cutting our losses now on AP&Ts telecom division, and selling it off for whatever we can get for it. Two lumps means dragging the process out forever, and searching for excuses to keep the telecom division on life support, delaying the inevitable. Were already two [...]
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| 03/04/2008 03:18 PM |
| AP&T to Sell Telecom Divison - To whom? |
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Alameda Power & Telecom has announced its intention to find a buyer for its foundering telecom division. The utility has some $80 million of debt, including a $43 million transfer from the electric division to the telecom division. But who would buy the telecom division and take on all of that debt?
Comcast is two generations [...]
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Copies of the 2007 AP&T workshop DVDs, are available on request by sending email to
membership@actionalameda.org
Read the consultant's report proposing that AP&T enter wireline voice services as a means to offset the mounting debt.
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