This time around, the conditions are much more favorable, plus I can't believe they're chimps. They've learned. They seem to be smart and savvy people. You have a couple of smart and savvy people, favorable conditions, and good things have a way of happening.

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The question arises - would they have survived if they hadn't had any missteps in that perfect storm, if they had just stuck to being an ILEC serving their 100-year-old franchise?

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It's good timing for their IPO. I think they were smart for moving now and not waiting much longer. I think it gives them the additional funding that they'll need to push deeper into other markets.

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