Tuesday, 24 April 2018

Carriers face crunch as bankers take charge

Stephen Young of Ovum identifies the potential survivors.
16 Dec 2002
Saturday 01 January 05

Having been turned upside down by so

Having been turned upside down by some of the most spectacular failures in corporate history, the carrier industry is about to enter another defining phase. The many companies that face financial ruin are now also under increasing pressure to make a critical choice about their strategic direction. Within the last five years more than 17 major long-distance players have entered into receivership, with over $22 billion worth of assets at stake and over $15 billion worth of debt…

Having been turned upside down by some of the most spectacular failures in corporate history, the carrier industry is about to enter another defining phase. The many companies that face financial ruin are now also under increasing pressure to make a critical choice about their strategic direction. Within the last five years more than 17 major long-distance players have entered into receivership, with over $22 billion worth of assets at stake and over $15 billion worth of debt…

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