omnibus communications - weebly

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Omnibus Communications

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Page 1: Omnibus Communications - Weebly

Omnibus Communications

Page 2: Omnibus Communications - Weebly

Consumers Reactions:

Idon’tknowwhyIchoseOmnibus.Thereareonlyafewop;onsforinternetandIpickedthecheapest.Itwasonlytwodollarscheaper,buteverydollarcounts.Plus,Ilikedtheircutefoxlogo.Iknowit’ssilly,buttheyareallbasicallythesame.

Page 3: Omnibus Communications - Weebly

Consumers Reactions:

Omnibuswasn’tthecheapestwhenIsignedup,butthentwoweekslateritwas.Itseemslikethethreeinternetproviderstaketurnsbeingthecheapest.It’salmostliketheyplanneditallout.Butthat’scrazy…isn’tit...Imean,butitiskindofweirdthatwhentheyraisethepriceallthreeraiseitatthesame;me.

Page 4: Omnibus Communications - Weebly

A Word From Competitors: BankruptcyProceedingsforIntervalueInternetApril15th,2010:

B9F (Official Form 9F) (Chapter 11 Corporation/Partnership Case) (12/12) UNITED STATES BANKRUPTCY COURT_______________District of_________________________

Notice of Chapter 11 Bankruptcy Case, Meeting of Creditors, & Deadlines

[A chapter 11 bankruptcy case concerning the debtor(s) listed below was filed on ______________________(date).] or [A bankruptcy case concerning the debtor(s) listed below was originally filed under chapter_________________on _________________________(date) and was converted to a case under chapter 11 on__________________(date).] You may be a creditor of the debtor. This notice lists important deadlines. You may want to consult an attorney to protect your rights. All documents filed in the case may be inspected at the bankruptcy clerk’s office at the address listed below. NOTE: The staff of the bankruptcy clerk’s office cannot give legal advice.

Creditors -- Do not file this notice in connection with any proof of claim you submit to the court.

See Reverse Side for Important Explanations.Debtor(s) (name(s) and address):

Case Number: Last four digits of Social-Security or Individual Taxpayer-ID (ITIN) No(s)./Complete EIN:

All other names used by the Debtor(s) in the last 8 years (include trade names):

Attorney for Debtor(s) (name and address): Telephone number:

Meeting of Creditors

Date: / / Time: ( ) A. M. Location: ( ) P. M.

Deadline to File a Proof of Claim

Proof of Claim must be received by the bankruptcy clerk’s office by the following deadline:

Notice of deadline will be sent at a later time.

Creditor with a Foreign Address:

A creditor to whom this notice is sent at a foreign address should read the information under “Claims” on the reverse side.

Deadline to File a Complaint to Determine Dischargeability of Certain Debts:

Creditors May Not Take Certain Actions:

In most instances, the filing of the bankruptcy case automatically stays certain collection and other actions against the debtor and the debtor’s property. Under certain circumstances, the stay may be limited to 30 days or not exist at all, although the debtor can request the court to extend or impose a stay. If you attempt to collect a debt or take other action in violation of the Bankruptcy Code, you may be penalized. Consult a lawyer to determine your rights in this case. Address of the Bankruptcy Clerk’s Office: Telephone number:

For the Court: Clerk of the Bankruptcy Court:

Hours Open:

Date:

15 Columbia

April15th11

April15th April15th

IntervalueInternet4837-237-982-0033475

N/A HansAnderson235MainSt.WashingtonD.C.

April15th9:30

x 235MainSt.

Page 5: Omnibus Communications - Weebly

What the Government Says:

U.S. Bankruptcy Court 15, District of Columbia Case # 4837-237-982-003 Justice Christopher Bennet "In chapter 11 of the bankruptcy code, the federal government offers help to the states in solving a problem that, under our constitutional structure, the company cannot solve by themselves. That problem is the adjustment of the debts of an insolvent corporation. Today, this federal bankruptcy court grants that help to Intervalue Internet. The Court concludes that the Company’s eighth amended plan of adjustment meets the legal requirements for confirmation. Accordingly, the Court confirms that plan…Under the provisions of that plan it is deemed that the significant investment of underground fiberoptic cables and cellular wifi towers will be sold to Omnibus Communications for a sum of $1 and that Omnibus Commuciations will hereafter assume all debts of Intervalue Internet totalling $4,523,555,234.84 "

Page 6: Omnibus Communications - Weebly

In the Media: Washington Tribune

$1.50 April 16th, 2016

Consumers Lose; Omnibus Wins

U.S Bankruptcy Judge Christopher Bennet brought down his decision yesterday to allow Omnibus Communications to purchase up-start Intervalue Internet. Intervalue Internet was forced to declare bankruptcy following a $4.5 Billion investment into high-speed fiberoptic cables went behind schedule and their creditors soured on the company’s prospects of making a profit in the next 5 years. The buy-out leaves the area with only three options for internet…

Financial News $1.00 April, 18th 2016

Death of a Dream

The dream of affordable internet in the D.C. metro area is officially dead. The start-up Intervalue Internet, which promised to deliver faster internet at half the price, was absorbed by the traditional power Omnibus Communications. Cities all over the nation we watching to see if Intervalue Internet would be able to disrupt the internet service market. However, even with a $4.5 Billion dollar initial investment it appears that the infrastructure was too high of a barrier for entry, and that the telecommunications industry will continue to be dominated by a small handful of large firms.

Page 7: Omnibus Communications - Weebly

HowwouldyoucategorizethemarketforOmnibusCommunica;ons?

Givethreereasonswhyyouwoulddosobasedontheprimarydocumentsabove.