FairPoint Creditors Seek Vengeance Against Verizon

A lawsuit asserts that Verizon Communications transferred to FairPoint a legacy, low-margin  business  Spinco  that was shrinking more rapidly than FairPoint knew and excluded two essential components from the sale.

Interoute to Acquire VIA NET.WORKS

Interoute Communications Ltd., the privately held owner and operator of the i-21 voice and data network in Europe, plans to buy VIA NET.WORKS Inc. for $18.1 million.VIA provides communication technologies to small and medium enterprises in Europe and the United States.Interoute is looking to VIA for its PSINet Europe operations in Germany, France, Belgium, Switzerland […]

WSJ: Comcast, Time Warner Reach Tentative Deal to Acquire Adelphia

Creditors for three cable companies have reached an agreement in principle that would allow Comcast Corp. and Time Warner Inc. to purchase bankrupt Adelphia Communications Corp. in a cash and stock pact valued at approximately $17.6 billion, the Wall Street Journal reported Friday. The agreement calls for Comcast and Time Warner to shell out $12 […]

Round Table

Posted: 8/2003 … ON GLOBAL CROSSING’S PROPOSAL TO SELL A MAJORITY STAKE IN THE BANKRUPT FIRM TO SINGAPORE TECHNOLOGIES TELEMEDIA PTE. "Global Crossing’s prolonged bankruptcy and dwindling cash reserves are expected to result in continued erosion of its customer base unless an alternative offer is put in place." –Brian Oliver, executive vice president of strategy […]

Wholesale Channel:   Carrier’s Carriers Trim Debt in Reorganization Plans

Posted: 2/2002 Wholesale Channel Carrier’s Carriers Trim Debt in Reorganization Plans By Josh Long Bondholders at Broomfield, Colo.-based Level 3 Communications Inc. retrieved $721 million towards the end of 2001, a year the investors would prefer to forget. After holding its “Modified Dutch Auction” last fall, Level 3 abolished $1.713 billion in debt in exchange […]

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 […]

Can’t Go IPO?

Posted: 11/1997   Can’t Go IPO? You’re Not Helpless Take Control By Restructuring By Michael H. Wirpel Here’s the scene: Your margins, profits and self-esteem are shrinking. Your cash flow is negative; you are not positioned for either an IPO or new debt. There appears to be no way to salvage the business. Pictures of […]

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