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"One of the major areas is to continue to cover the cost of serving new customers." Lafayette Consolidated Government officials have begun the process of taking out a $5.5 million loan for LUS Fiber. Those dollars will come from LUS' utilities ...
LUS Fiber and Sprint representatives say they will make a "major announcement concerning the development of a unique partnership" in Lafayette Monday, Oct. 17. City-Parish President Joey Furel and LUS Fiber Director Terry Huval will be joined by ...
They'd better find SOMETHING to help improve their model...cause right now it's sucking and losing money faster than a Cajun DB on a pick 6!
OK, here's the news, big collaboration for LUS and Sprint: http://ultoday.com/node/4577
LUS Fiber lost $45,000...PER DAY... in this past fiscal year. Ouch.
A major loss indeed, if the numbers are anywhere close, over sixteen million dollars. Explain the benefits of this government run operation again?
And the people of the city of Lafayette have now had $125 million in bonds sold on their behalf. The price increases for LUS fiber service are now beginning...but there is NO way they can increase monthly rates by enough to cover the millions the system is losing. As the rates go up...above what those who switched to Fiber thought they would be...many/most of those people will leave, making the losses even greater.
Because this is a government run business they ignore real value only looking at assets vs debt.
LUS has really made COX step up its game in Lafayette.
I have the fastest internet COX offers here in Vermilion Parish, which is nothing compared to COX in Lafayette.
University of Louisiana Ragin' Cajuns the #1 Sports Choice in Acadiana.