Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Bad news day for Telcos

  • 23-10-2002 9:24am
    #1
    Registered Users, Registered Users 2 Posts: 1,660 ✭✭✭


    Both from enn today :(

    The Wall Street Journal reports that key players in the telecoms industry are lobbying the Federal Communications Commission to prevent WorldCom emerging from bankruptcy free of its USD42 billion debt. The group, led by the regional telecoms companies, say that WorldCom should be indicted and liquidated, rather than permitted to emerge from bankruptcy-court protection with a stronger balance sheet than its competitors. The group, which includes Verizon Communications and BellSouth, has asked the FCC to revoke WorldCom's licences to operate, among other measures

    The board of COLT Telecom Group has announced that, as anticipated, hedge fund Highberry Ltd has presented a petition to the High Court for the appointment of an administrator to COLT. Earlier this month reported that Highberry had claimed Colt would not be able to repay or refinance its bonds when they become due between 2005 and 2009. Colt's board says there is no basis for Highberry's action


Advertisement