bankruptcy

 

Wholesale Channel: Briefs

Posted: 11/2001 Wholesale Briefs * eLEC Communications Corp. (www.elec.net), an integrated communications provider to small and medium-sized business customers, has entered into a wholesale agreement with National Tele-phone Exchange to provide eLEC’s local telephone services to NTE’s customers. NTE CEO Roger Ness anticipates 3,000 local lines would be added to eLEC’s platform this fall. * […]

Wholesale Channel – PointOne Seeks Buyer in Voluntary Bankruptcy Filing

Posted: 10/2001 Wholesale Channel PointOne Seeks Buyer in Voluntary Bankruptcy Filing By Josh Long PointOne Telecommunications Inc., an Austin, Texas-based provider of voice-over-packet services, filed for Chapter 11 protection in the U.S. Bankruptcy Court in August. The facilities-based provider of wholesale long distance voice services said the voluntary filing would give it the best opportunity […]

Wholesale Channel – Metricom’s Ricochet Loses Momentum, Shuts Down

Posted: 10/2001 Wholesale Channel Metricom’s Ricochet Loses Momentum, Shuts Down By Tara Seals Metricom Inc. has shut off its Ricochet high-speed wireless Internet service in all markets and closed its doors.The shutdown came despite hopes it could maintain network operations after the company filed a voluntary petition for reorganization under Chapter 11, in the U.S. […]

E Channel – Maine Carrier Buys Customer Base from Defunct Essential.com

Posted: 10/2001 E Channel Maine Carrier Buys Customer Base from Defunct Essential.com By Josh Long In a $1.3 million agreement, United Systems Access Inc., a small competitive carrier based in Kennebunk, Maine, has acquired the telecommunications customer base from online retailer Essential.com. Burlington, Mass.-based Essential.com, a marketplace where consumers could purchase utility and telecommunications services […]

NextWave War Rages

Posted: 10/2001 NextWave War Rages FCC Takes Battle to High Court While Industry Questions Auction Process By Khali Henderson Embattled would-be carrier’s carrier NextWave Telecom Inc. is facing another challenge to its claim on the 95 PCS licenses it won in May 1996 at an entrepreneur’s “C Block” auction. As a result of the years-long […]

Partner Channel – Agents Eye CLECs with Caution

Posted: 08/2001 Partner Channel Agents Eye CLECs with Caution By Josh Long As a doomsday asteroid bears down on Earth in the motion picture “Armageddon,” one of the movie’s heroes advises his crew to “embrace the horror.” The phrase captures the attitude many agents have adopted as they take stock of what’s happening with CLECs. […]

Business News – Companies Seeking Money Miss Mark on Business Plan, Experts Say

Posted: 07/2001 Business News Companies Seeking Money Miss Mark on Business Plan, Experts Say By Josh Long With investors remaining ever vigilant as the bankruptcy line grows longer, telecommunications companies must present a comprehensive financial model in order to garner funding, experts said at the ASCENT 2001 Spring Conference and Exposition in Dallas. That premise […]

Wholesale – NorthPoint Files for Bankruptcy Protection, Seeks a Buyer

Posted: 03/2001 Wholesale NorthPoint Files for Bankruptcy Protection, Seeks a Buyer By Josh Long Despite action to lower expenses, DSL provider NorthPoint Communications Inc.(www.northpoint.net) filed for Chapter 11 protection with the U.S. Bankruptcy Court in January. In the six-week aftermath of a failed merger agreement with Verizon Communications Inc. (www.verizon.com), the San Francisco-based provider announced […]

Business News – JD Services Files for Bankruptcy; VoCall CEO to Challenge Bankruptcy Petition

Posted: 11/2000 JD Services Files for Bankruptcy; VoCall CEO to Challenge Bankruptcy Petition By Josh Long JD Services Inc., a provider of cellular, pre-paid, and long-distance products and services, filed for bankruptcy in September under Chapter 7 in the U.S. Bankruptcy Court District of Utah. Headquartered in Salt Lake City, JD Services initially filed for […]

Business News – Time Warner to Buy GST Assets

Posted: 10/2000 Time Warner to Buy GST Assets Time Warner Telecom Inc. (www.twtelecom.com) and GST Telecommu-nications Inc. (www.gstcorp.com) have announced that Time Warner will purchase GST’s assets for $690 million, excluding the majority of those in Hawaii and residual cash balances.The consideration consists of cash and assumption of certain assumed liabilities, according to the announcement […]

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