The sale of TVC, saving the city
Concerning the recent decision by the City of Groton to sell Thames Valley Communications: As a business owner I must applaud the city for having made the difficult decision to sell TVC.
Having business experience I can envision there comes a time to cut your losses, lick your wounds, and move on. That time had come for the city and TVC.
Without a sale, what TVC assets there were would become liabilities. There was much citizen concern of the transparency of the city regarding TVC's financial. I believe the city was as open with the financials as was responsible to disclose.
Currently the competition is able to offer more service at a lower cost.
Another reason to sell now is without major capital investment TVC will be losing ground to it's competitors each day. The city has proven it does not have the resources for such an investment.
With the monthly losses TVC is incurring, and the need for such capital investment, the city is fortunate to find a buyer for however low the sale price.
Is it a bitter pill to swallow for all? Yes! But it was time to make it happen.
Stories that may interest you
Reading all the news bits about the people who are refusing to wear a mask, some of whom go so far as to attack or even kill the innocent store employees who remind them of the store’s rule, I am bamboozled by the complete absence of logic or common sense. Why is it perfectly...
Last week, I had the pleasure of visiting Mohegan Sun for a special tour to provide a behind-the-scenes look at all of the steps that have been taken to keep both team members and patrons safe when Mohegan Sun starts a slow reopening this week. I was incredibly impressed at all of the...
Why is Trump afraid to wear a mask in public when his profile, standing at The Tomb of The Unknown Soldier, accentuates his morbid obesity? R.V. DeCarolis North Franklin
On May 17, Paul Choiniere, The Day’s editorial page editor, lamented on newspaper giant Gannett’s axing of editorials, “Gannett hatchet taking out the best at local...