Yes, But I don't believe it. Its not likely they have an average ARPU of
$400 a sub.
But then again, maybe I'm wrong.
If they really had $1,200,000 a month revenue, thats $14,000,000 a year, and
they got screwed on the deal.
Thats only a 2x annual revenue sell out, a way low evaluation under worth
for a young industry like wireless. What makes it worse, is that only
$4,000,000 of it was in cash. I'd argue that Covad stock is worth much less
than wireless stock because of the CLEC market getting killed right now by
legislation and FCC non-support. All I can say is, either Next-web was out
of money, executives getting tired, or problems with their network.
I'd argue they should be worth 4x annual, and at least half in cash, or they
are lying about their revenue or revenue is not reoccurring revenue from
subscriptions.
Tom DeReggi
RapidDSL & Wireless, Inc
IntAirNet- Fixed Wireless Broadband
----- Original Message -----
From: "Blair Davis" <[EMAIL PROTECTED]>
To: "WISPA General List" <[email protected]>
Sent: Wednesday, October 05, 2005 9:11 PM
Subject: Re: [WISPA] Covad to acquire NextWeb for $23M
$1,200,000 per month / 3000 subs = $400 per sub per month!!!!
Must be nice to get those kinds of rates....
George wrote:
Not sure who is subscribed to the isp-investor list.
But this was a post today:
NextWeb put out a press release a year ago with details regarding a
4-year track record of 84~100% annual growth. They announced sales of
$8M annually ($670K/mo) with over 2,000 subs. Looking at those figures
mentioned one can assume 3,000 subs and $1.2M/month with sustained
growth. They are EBITDA positive.
George
G.Villarini wrote:
100 customers paying $49.95, wet-11 CPE's .... NOT!!! :-)
Gino A. Villarini, Aeronet Wireless Broadband Corp.
[EMAIL PROTECTED]
www.aeronetpr.com
787.767.7466
-----Original Message-----
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On
Behalf Of George
Sent: Wednesday, October 05, 2005 1:04 PM
To: WISPA General List
Subject: Re: [WISPA] Covad to acquire NextWeb for $23M
G.Villarini wrote:
IIRC, Next web is a Axcellera shop . nice price tag for a unlicensed
WISP.
Gino A. Villarini,
Anyone know how many subs and what the annual revenue of Next web is?
George
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