Surname 1
Student’s Name
Instructor’s Name
Course Title
Date
The Fall of Adelphia
Adelphia was a communication company which got its name from a Greek word known
as “adelphoi” which means brothers (Adelphia Communications). Particularly, it was a television
company whose headquarters were in Coudersport, Pennsylvania. Later on, Adelphia was
transferred to the city of Colorado. Moreover, the company was established in 1952 by a man
known as John Rigas (The Adelphia). During its existence in the U.S., Adelphia was ranked as
the fifth-largest cable company. However, in 2002 the company came to a halt due to
bankruptcy. Evidently, the level of corruption became uncontrollable where it left no other
choice other than its closure.
The first instance occurred on July 31, 2006, where a large number of Adelphia’s assets
were transferred to a company known as Time Warner Cable. As well, the remaining assets of
the company were then auctioned off by an Internet-based marketing firm. As a result, this
acquisition by the internet firm relieved Adelphia the full task of cable provision. On the other
hand, a company known as Pioneer Telephone acquired Adelphia's telephone business at a cost
of 1.2 million dollars. Particularly, the business served an average of 110, 000 clients in about 27
states who were widely located. Furthermore, the telephone business was an Adelphia’s crucial
asset since it was based on long-distance servicing. Eventually, after the fall of Adelphia, the
Student’s Name
Instructor’s Name
Course Title
Date
The Fall of Adelphia
Adelphia was a communication company which got its name from a Greek word known
as “adelphoi” which means brothers (Adelphia Communications). Particularly, it was a television
company whose headquarters were in Coudersport, Pennsylvania. Later on, Adelphia was
transferred to the city of Colorado. Moreover, the company was established in 1952 by a man
known as John Rigas (The Adelphia). During its existence in the U.S., Adelphia was ranked as
the fifth-largest cable company. However, in 2002 the company came to a halt due to
bankruptcy. Evidently, the level of corruption became uncontrollable where it left no other
choice other than its closure.
The first instance occurred on July 31, 2006, where a large number of Adelphia’s assets
were transferred to a company known as Time Warner Cable. As well, the remaining assets of
the company were then auctioned off by an Internet-based marketing firm. As a result, this
acquisition by the internet firm relieved Adelphia the full task of cable provision. On the other
hand, a company known as Pioneer Telephone acquired Adelphia's telephone business at a cost
of 1.2 million dollars. Particularly, the business served an average of 110, 000 clients in about 27
states who were widely located. Furthermore, the telephone business was an Adelphia’s crucial
asset since it was based on long-distance servicing. Eventually, after the fall of Adelphia, the
