nanog mailing list archives
Re[2]: Metromedia Fiber warns of possible bankruptcy :-(
From: "W.D. McKinney" <deem () wdm com>
Date: Mon, 18 Mar 2002 11:28:36 -0900 (AKST)
My guess is C&W as they have been looking at consolidating some of these. You Telco *with* money still. /Dee joe mcguckin <joe () via net> wrote:
Whoever the buyer is, I hope it's not WorldCom! Joe On 3/18/02 10:23 AM, "Richard A Steenbergen" <ras () e-gerbil net> wrote:On Mon, Mar 18, 2002 at 10:19:30AM -0800, Rusty H. Hodge wrote:Metromedia said it is seeking to restructure its debts. As of Feb. 28, it had $3.3 billion of consolidated debt and about $37.3 million in cash. A restructuring could substantially dilute the value held by stockholders, the company said....To raise cash, Metromedia said it plans to sell the facilities of its Internet exchange, PAIX, for about $50 million cash and an equity interest in the buyer. A substantial part of the proceeds from the sale, expected to close in the second quarter, will be used to pay down debt, it said.$50 mil down, $3.25 billion to go...
Current thread:
- Typical Customer Profiles Curtis Owings (Mar 18)
- Re: Typical Customer Profiles Sean Donelan (Mar 18)
- Metromedia Fiber warns of possible bankruptcy :-( Rusty H. Hodge (Mar 18)
- Re: Metromedia Fiber warns of possible bankruptcy :-( Richard A Steenbergen (Mar 18)
- Re: Metromedia Fiber warns of possible bankruptcy :-( joe mcguckin (Mar 18)
- Re[2]: Metromedia Fiber warns of possible bankruptcy :-( W.D. McKinney (Mar 18)
- RE: Re[2]: Metromedia Fiber warns of possible bankruptcy :-( Deepak Jain (Mar 19)
- Re: Re[2]: Metromedia Fiber warns of possible bankruptcy :-( Valdis . Kletnieks (Mar 19)
- RE: Re[2]: Metromedia Fiber warns of possible bankruptcy :-( Deepak Jain (Mar 19)
- Re[4]: Metromedia Fiber warns of possible bankruptcy :-( W.D. McKinney (Mar 19)
- Re[4]: Metromedia Fiber warns of possible bankruptcy :-( Richard Welty (Mar 19)
- RE: Re[4]: Metromedia Fiber warns of possible bankruptcy :-( Deepak Jain (Mar 20)
- Re: Re[4]: Metromedia Fiber warns of possible bankruptcy :-( Chris Woodfield (Mar 20)
- Metromedia Fiber warns of possible bankruptcy :-( Rusty H. Hodge (Mar 18)
- Re: Typical Customer Profiles Sean Donelan (Mar 18)