Tuesday, February 9, 2016
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Section A: General News


FELPS writes off Stelera debt




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Wilson County News
November 6, 2013 | 2,189 views | 2 comments

Bad debt totaling $2,415 related to the bankruptcy of Internet provider Stelera Wireless has been written off by Floresville Electric Light & Power Systems’ (FELPS) board of directors.

The board approved the bankruptcy charge off during its Oct. 30 meeting. FELPS General Manager Kyle Dicke attributed the debt to bills left unpaid by the Oklahoma City-based Stelera Wireless. The wireless Internet company, which had a customer base in Wilson County, filed for Chapter 11 bankruptcy in July.

According to an article on newsok.com, Stelera reported $30 million in debts against $18 million in assets, and the company still owed $24 million of a $35 million loan it received from the U.S. Department of Agriculture that was part of stimulus funds the company received under the American Recovery and Reinvestment Act of 2009.

The article, dated Oct. 15, also indicates that Verizon Wireless purchased Stelera’s wireless spectrum rights for $32.2 million at a bankruptcy auction.

For more on the FELPS meeting, see related article page 3A.
 

Your Opinions and Comments

 
retiredinlavernia  
lavernia  
November 8, 2013 3:31am
 
I had them for awhile till they just stopped with no notice. The only notice I got was from WCN web site. They had horrible service anyway - I was always rebotting (unplugging) the router - Probally every 30 min. Hard to even ... More ›

 
Russell Dickerson  
Floresville, TX  
November 7, 2013 6:58am
 
They could have been profitable if they cared to. At one time they had an account rep who wanted to improve and expand service but the CEO decided to milk it and shut down. Better services like Ziplink have filled the gap so ... More ›

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Section A: General News Archives


Full article available to Wilson County News subscribers only. Click here to subscribe. Agencies uncover $400K in stolen vehicles, parts (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. China Grove begins vote on tax rollback (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Clock running out for Floresville recall issue (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Connally expands high-tech health care (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Council action changes boards (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Court Update (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Deputies charge Floresville spurned lover with arson (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Deputies investigate recent thefts (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: The demand for villains (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Editorial: What’s in a city charter? Is it like a … Constitution? (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Eight-liner opponents face deadline (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. FELPS pools tornado damage claim with city, Floresville ISD (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Floresville USDA accountant resigns (February 3, 2016)
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Full article available to Wilson County News subscribers only. Click here to subscribe. Greater LV Chamber to meet (February 3, 2016)
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Full article available to Wilson County News subscribers only. Click here to subscribe. Hold on for now (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. It’s all happening at Nixon-Smiley Elementary (February 3, 2016)
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Full article available to Wilson County News subscribers only. Click here to subscribe. Landfill welcomes China Grove junk (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Apple Pie author extends thanks (February 3, 2016)
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Full article available to Wilson County News subscribers only. Click here to subscribe. Letter: Talamantez truly a man of the people (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Life Line Screening event set in Floresville Feb. 28 (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Mock Republican Debate Feb. 20 (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Nixon-Smiley livestock show set for March (February 3, 2016)
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Full article available to Wilson County News subscribers only. Click here to subscribe. Pioneer Award honors Burnside (February 3, 2016)
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Full article available to Wilson County News subscribers only. Click here to subscribe. Save the date for Lincoln Dinner (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. School district cops ink deal with city, county (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Second responders to meet (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Stockdale, La Vernia units respond to back-to-back fires (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Tanneberger is top agent (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Weigh in on Loop 410 changes (February 3, 2016)
Full article available to Wilson County News subscribers only. Click here to subscribe. Wilson County Hermann Sons lodges meet new-member goal (February 3, 2016)
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