Tag:

Bankruptcy

Latest Headlines

Latest Headlines

Top pay-TV systems integrator UniTek files for Chapter 11

UniTek, a Blue Bell, Penn.-based systems integrator servicing Comcast, DirecTV, AT&T and other top pay-TV operators, has filed for Chapter 11 bankruptcy protection and will restructure with its creditors taking ownership.

Comcast to appeal CSN Houston valuation ruling

The bankruptcy court battle over struggling regional sports network CSN Houston is going into overtime. Comcast has appealed a ruling rendered Wednesday by Bankruptcy Judge Marvin Isgur that seemed, at the time, to have cleared the sale of the network to AT&T and DirecTV.

Comcast loses key CSN Houston ruling, clearing sale to AT&T and DirecTV

The sale of troubled regional sports network CSN Houston to AT&T and DirecTV now appears likely, with a bankruptcy court judge ruling against Comcast on the key matter of the network's remaining value.

Comcast SportsNet Houston value has dropped from $700M to $22M, consultant says

The fate of carriage-crippled regional sports network Comcast SportsNet Houston now hinges on what dilapidated value a bankruptcy court deems that it has left. The teams want to sell the bankrupt network to AT&T and DirecTV at a value of around $22 million, down from an initial value of $700 million.

Comcast rejects latest SportsNet Houston deal

Comcast is now fighting a bankruptcy court-backed deal that would transfer ownership of struggling regional sports network Comcast SportsNet Houston to AT&T and DirecTV.

Nortel knocks $3B from bankruptcy deal

In a move that it called a "significant milestone" in its five-year bankruptcy, Nortel Networks said it has reached a deal to cut more than $3 billion owed to former Nortel entities in Europe, including bondholders, retirees and suppliers.

Alvarion takeover by Valley Telecom is official with first $3.54M payment

Valley Telecom made its initial payment of about $3.54 million for Alvarion, in accordance with a court-approved agreement to buy the former WiMAX gear maker out of receivership. The payment marked Valley's assumption of management and financing of Alvarion's operations.

Alvarion plus its patents headed for Valley Telecom

Valley Telecom sweetened its deal for Alvarion, agreeing to pay more for the struggling company and assume ownership of its patent portfolio.

Mexican telco Maxcom files for bankruptcy in U.S. court

Mexican telco Maxcom Telecommunications has filed for Chapter 11 protection in the U.S. bankruptcy court in Delaware as a way of restarting a recapitalization plan that creditors initially rejected.

Pac-West Telecomm files for Chapter 11 protection

It's a double-whammy for Pac-West Telecomm, which has filed for Chapter 11 bankruptcy protection. In addition, South Dakota revoked the Stockton, Calif.-based competitive wholesale provider's certificate to operate in the state due to unpaid taxes.