by Pivot
Tag: Bankruptcy
Does Frontier CEO Change Signal Bankruptcy Plans?
The unnamed sources who spoke to Bloomberg about Frontier Communications several weeks ago were right about at least one thing: The company was looking for a new CEO, and that CEO – DISH Network veteran…
Report: Frontier Bankruptcy Could Come in Early 2020, New CEO Sought
Frontier is seeking a new CEO as it seeks to restructure under the weight of a $17.5 billion debt load, according to a report published by Bloomberg. Citing unnamed sources, the report says the company…
Windstream and Uniti Appear To Be On a Crash Course Over Network Asset Lease
Windstream CEO Tony Thomas addressed the “elephant in the room” head on today during their quarterly earnings conference call, and it doesn’t look good for Uniti. Windstream is now in Chapter 11 bankruptcy, due primarily…
Windstream Broadband Sees Twelfth Month of Subscriber Growth
Windstream broadband saw an increase in subscribers for the twelfth consecutive month – an accomplishment that the company attributes to the investment it has made in upgrading the speeds that its broadband network can support.…
Windstream Chooses Bankruptcy Filing Over Appeal of Negative Decision Involving Uniti Group Spinoff
Just a week after receiving a negative ruling on the Aurelius court decision, Windstream has filed for voluntary reorganization under Chapter 11 of the U.S. bankruptcy code. The bankruptcy option was chosen after reviewing various…
Aurelius Decision Could Trigger a Windstream Bankruptcy, With Implications for Uniti Too
A court ruling in favor of Windstream bondholder Aurelius Capital Master Friday could precipitate a Windstream bankruptcy, according to financial experts. The U.S. Southern District Court of New York upheld Aurelius’ argument that Windstream’s 2015…
Analysts: Telcos Destined to Lose, Frontier and Windstream Bankruptcies May be in Near Future
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…
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 –…
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…
Independent Telco Otelco Files for Chapter 11 Bankruptcy
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…
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…
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…