| Business Summary | | Adelphia
Business
Solutions,
Inc.,
a
majority-owned
subsidiary
of
Adelphia
Communications
Corporation,
is
a
national
provider
of
facilities-based
integrated
communications
services
to
customers
that
include
businesses,
governmental
and
educational
end
users
and
other
communications
services
providers
throughout
the
United
States.
The
Company
currently
offers
a
full
range
of
communications
services
in
53
markets
and
expects
by
the
end
of
the
year
2000
to
be
offering
services
in
approximately
115
markets
nationwide,
including
substantially
all
of
the
top
40
metropolitan
statistical
areas
in
the
United
States.
The
Company
provides
customers
with
communications
services
such
as
local
switch
dial,
long
distance
service,
high-speed
data
transmission
and
Internet
connectivity.
Customers
have
a
choice
of
receiving
these
services
separately
or
as
bundled
packages,
which
are
typically
priced
at
a
discount
when
compared
to
the
price
of
the
separate
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Adelphia
Business
Solutions,
Inc.
is
a
nationwide
facilities-based
integrated
communications
services
provider
that
offers
broadband
communications
solutions.
For
the
six
months
ended
6/30/01,
revenues
rose
52%
to
$227.3
million.
Net
loss
applicable
to
Common
rose
40%
to
$185.2
million.
Revenues
reflect
growth
in
original
and
new
markets.
Higher
loss
reflects
higher
personnel,
expansion,
SGA,
depreciation
and
interest
expenses
and
$5
million
in
restructuring
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| John Rigas, 75 Chairman | $3.4M | Timothy Rigas, 44 Vice
Chairman, CFO and Treasurer | 1.8M | James Rigas, 42 Vice
Chairman, CEO, Pres | 1.8M | Michael Rigas, 46 Vice
Chairman, Sec. | 1.8M | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|