Analysts: Telcos Destined to Lose, Frontier and Windstream Bankruptcies May be in Near Future

3
Frontier and Windstream bankruptcies could be coming in the “not-too-distant” future, said MoffettNathanson financial analysts in a research note today. “The market anticipates that both these companies will go bankrupt in the not-too-distant future, judging by their sagging bond prices and nosebleed credit default swap...Learn More

Accipter is Pinpoint Holdings’ Latest Distressed Telecom Assets Purchase

+
The news that Nebraska-based Pinpoint Holdings had purchased Arizona-based Accipter Communications, which operates as Zona Communications, is the latest example of telecom provider consolidation, but with a twist. Pinpoint bought Zona out of bankruptcy – a strategy Pinpoint has been using successfully. You could think...Learn More

Otelco Emerges from Bankruptcy

+
May 24, 2013 — ONEONTA, Ala.–(BUSINESS WIRE)–Otelco Inc. announced that it has emerged from bankruptcy and completed its balance sheet restructuring process, including an extension of its senior credit facility. “Today, we completed the actions necessary to implement the final steps of our restructuring Plan,”...Learn More

Independent Telco Otelco Files for Chapter 11 Bankruptcy

3
The changing telecom landscape, with its regulatory reform and shifting market trends, is helping drive new marketplace realities for carriers, particularly tier 2 and 3 carriers. Growing consolidation among these smaller players is one outcome of this changing landscape. But will we also see many...Learn More

Bankrupt Open Range’s Assets to be Auctioned in Global Webcast

+
In somewhat of an ironic twist, Heritage Global Partners and Counsel RB Capital will be using the Internet to auction off assets of Open Range Communications, a recently failed broadband wireless Internet and VoIP services provider . A global auction will be webcast on Wednesday...Learn More

Open Range Bidder Backs Out, Liquidation Looks to be Next

+
The Open Range saga continues and it looks like a bankruptcy liquidation is the final act for this rural wireless broadband provider. As we’ve been covering since the beginning, Open Range was a new breed of rural broadband provider who planned to use WiMAX (and...Learn More

Congress Wants Details on Open Range RUS Loan Default

1
The House of Representatives’ Committee on Energy and Commerce has requested a bi-partisan briefing with the Rural Utilities Service in connection with the $267 million broadband loan made to Open Range Communications in 2008. Open Range Communications, which was in the process of building a...Learn More

FairPoint Bankruptcy Plans Hit Turbulence

+
The FairPoint saga is well documented. Large IOC takes on millions of Verizon access lines in the Northeast, struggles with debt and integration and ultimately files for bankruptcy. FairPoint has been working hard to reverse its trajectory, but its plan just hit a significant roadblock....Learn More

Saving Nortel?

1
Some former Nortel executives are lobbying the Canadian government to save Nortel from being sold off in parts. The plan looks like a government bailout of Nortel, with Canada assuming control of the company. The former executives seem to be invoking some national pride to...Learn More

It’s Official: Charter Files for Chapter 11 Bankruptcy

+
Charter, the nation’s fourth largest MSO, filed for chapter 11 bankruptcy today. The filing was expected, as Charter announced a few weeks back that they had completed a pre-arranged bankruptcy plan. The move reduces Charter’s debt by $8 billion and reduces founder Paul Allen’s ownership...Learn More

Nortel Breaking Up?

1
Chapter 11 bankruptcy is a tough business. While more complicated options exist, companies in chapter 11 generally emerge as a smaller, leaner company, slip into chapter 7 liquidation, or sell themselves in whole or in parts. For Nortel, the Canadian based telecom equipment vendor, the...Learn More

Charter Reaches Bankruptcy Accord

+
The details are slim, but it appears that Charter has reached a much anticipated bankruptcy agreement by reaching a deal with its bondholders. “We are pleased to have reached an agreement with such a significant portion of our bondholders on a long-term solution to improve...Learn More

Don’t Miss Any of Our Content

What’s happening with broadband and why is it important? Find out by subscribing to Telecompetitor’s newsletter today.

You have Successfully Subscribed!