schaeffer

 

Competitors Still Pursuing Consolidation

Competitive telecommunications providers still are aiming to improve the bottom line through mergers and acquisitions. With plenty of assets on the market, dealmakers once saddled by huge debt obligations have conceded the necessity of getting bigger, some executives say. Many private companies backed by venture capitalists do not have an exit strategy to go public […]

Fraction of 2005 Debt to be Retired through Asset Sales, Says Expert

The telecommunications industry must pay back a mountain of debt in a few years despite all the bankruptcy restructurings. About $60 billion — one fifth of the industry’s $300 billion debt load — matures in 2005, said Ernst & Young Corporate Finance Managing Director Eric Carlson. Since 1999, 74 companies defaulted on more than $112 […]

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