Big Bend Telephone Co. will default on loan covenants by...
Big Bend Telephone Co. will default on loan covenants by next year and could run out of cash in 2016 if its request for waiver of three new USF rules is denied, it said in reply comments Thursday (http://xrl.us/bmzxgc). BBTC…
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pointed to comments of USTelecom and the National Telecom Cooperative Association, which support BBTC’s position due to the “particularly challenging nature” of its service area, and the “extraordinary costs” it faces. Should BBTC go under, consumers could lose access to voice and broadband services because there’s no other terrestrial provider of those services in its area, the telco said.