Fixed wireless provider Starry has filed voluntary petitions for Chapter 11 relief in the U.S. Bankruptcy Court for the District of Delaware. The company said it has entered into a restructuring support agreement with lenders. That agreement includes “agreed-upon terms…
SpaceX employees were recently put on notice by the company’s infamous leader Elon Musk, who informed them bankruptcy could be on the horizon for the company. It’s notable for the broadband industry, considering the company’s Starlink satellite broadband unit is…
MobiTV, a video services provider for over 100 video operators, is in bankruptcy with auctions underway for both its assets and for its patents/intellectual property. There are quite a few bidders and some drama as well. Reports have TiVo/Xperi and…
Frontier is poised to exit bankruptcy after receiving all regulatory approvals. The company announced it expects to exit bankruptcy on April 30th and a new Frontier board has been appointed to oversee a strategic transformation of the company. The company…
Frontier received final approval for its exit from bankruptcy today. The California Public Utilities Commission was the last remaining approval needed, setting up the company’s exit from bankruptcy in the “coming weeks.” Frontier filed for bankruptcy just about a year…
It’s an enticing strategy, but a cautionary tale. Charter has been hit with a $19 million fine for false advertising during the Windstream bankruptcy reorganization. Windstream filed for bankruptcy in 2019 but has since restructured and emerged from it. Charter…
Video software provider MobiTV has filed for voluntary Chapter 11 bankruptcy, the company announced today. MobiTV provides video solutions for numerous providers, large and small. Under the voluntary chapter 11 bankruptcy filing, submitted to U.S. Bankruptcy Court for the District…
Frontier may soon exit bankruptcy, with news that the FCC has approved the company’s restructuring plan. Frontier now has approval from 13 states and reports it will emerge from Chapter 11 in “early 2021.” Frontier needs approvals from 4 additional…
Frontier and other stakeholders have filed a joint motion with the California Public Utilities Commission asking the PUC to approve Frontier’s emergence from bankruptcy, subject to certain conditions. And there are a lot of conditions, including a requirement for Frontier…
A new Frontier CEO was announced today as part of a post-bankruptcy plan for the company. Nick Jeffery will join the company, effective March 21, 2021. The new Frontier CEO comes from Vodaphone UK, where he served as CEO. Vodaphone…
The Frontier reorganization plan triggered by the company’s bankruptcy has moved a step closer with the news that the New York Public Service Commission has approved the plan. Frontier, which operates in 25 states, now has approvals in 10 states….
Windstream announced today that it officially exited bankruptcy, effective today. The financial restructuring was first announced in February 2019. A U.S. bankruptcy court approved the Windstream restructuring in June 2020. The financial restructuring reduced Windstream’s debt by more than $4 billion,…
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