Unable to recover from the loss of a
major customer, a northern Nevada
wholesaler of broadband services has filed
for bankruptcy protection.
Western Pacific Telecom Inc. filed a
Chapter 7 bankruptcy petition on Nov.
15.
Tony Prestigiacomo, president and one
of the founders of the company, said a
major customer went out of business,
leaving Western Pacific Telecom holding
the bag for more than $150,000.
"We had a judgment against them, but
there was nothing to collect," he said last
week.
Other customers also disappeared as
the telecommunication industry continues
to shrink dramatically, and Prestigiacomo
said his company chose to wrap up its
business.
At the time of the filing for bankruptcy
protection, the company headquartered
in Incline Village had only two employees.
Western Pacific Telecom, founded in
late 1997, sold broadband service to
Internet service provides,Web content
firms and companies seeking dedicated
telecommunications lines.
Prestigiacomo said the company has
arranged to transfer its customers to other
providers of broadband service.
