debt
RSS debtSatellite telephony fails to take off
Comment It is now struggling to finance its long-term debt, and its largest shareholder, Motorola, has even warned that liquidation is not entirely out of the question. Mobile satellite services such as Iridium, Globalstar and... [23 Jul 1999]
Equifax to utilise authorisation database for ecommerce
News He told Silicon.com: "Consumers who want to secure a mortgage or a personal loan have to give consent for Equifax to use their data for credit decisions, fraud prevention and debt tracing. Credit rating agency, Equifax,... [11 Jun 1999]
Liffe terminals get US green light
News Given that we're talking about the financing of government debt here, this is all about politics and macro-economics, and sanctions would have been possible. Liffe (the London International Financial Futures and Options... [07 Jun 1999]
Iridium execs defend Q1 losses
News The firm has only managed to gain 10,924 subscribers since its launch - still a long way below the 52,500 customers it needs to meet the conditions of the extension of its bank debt. Troubled satellite mobile phone... [27 Apr 1999]
C&W sells underwater cabling division
News The deal is worth £550m - including £100m in assumed debt. In the first of two big cabling deals announced today, Cable & Wireless said it has sold its Global Marine division to Global Crossing, based in Bermuda. [26 Apr 1999]
AT&T bids $58bn for MediaOne
News AT&T is also proposing to take on $4.5bn in debt from the company. AT&T last night announced it will bid $58bn for US cable company, MediaOne Group. MediaOne refused to comment on the bid, saying only that the... [23 Apr 1999]
Iridium struggles after £440m losses
News This meant the company only brought in $186,000 in revenue, while sitting on close to $2bn in long-term debt. Iridium, a provider of mobile satellite phone services, has posted a loss of $440m for the last three months... [26 Jan 1999]
Tel Aviv makes technological trading leap
News However analysts are dubious that it will encourage much foreign investment until the Israel overcomes geopolitical problems and a high public debt. Following on the tracks of Cbot (the Chicago Board of Trade), Deutsche... [22 Dec 1998]
France Telecom targets European expansion
News The company hopes investment into the European market will help reduce its FF10bn debt and counterbalance competition from other French telcos. France Telecom is to invest FF15bn per year into its external markets. [17 Nov 1998]
Durham becomes first university to opt for PFI
News Unisys won the £15m contract and Durham will pay the debt off in a series of instalments rather than paying up front. Durham University has become the first UK college to use Private Finance Initiative (PFI) funding for... [05 Nov 1998]
Symantec buys Quarterdeck for $65m
News Quarterdeck recently made a loss of $21.4m and has a substantial debt, which Symantec will have to take on. Applications developer, Symantec has acquired PC management software specialist, Quarterdeck in a deal costing... [16 Oct 1998]
BT buys into South Korea
News Under pressure from a weakened currency and depressed global markets, many local conglomerates are being forced to undertake strategic mergers and 'bargain-basement' asset sales to reduce the burden of their debt. [06 Oct 1998]
In brief: Unisys doubles second quarter profits
News The supercomputing and services company is also intending to make $160m (£98m) of debt repayments with the aim of reaching the target of $1bn (£0.6bn) debt reduction by October 1998. Unisys has more than... [17 Jul 1998]
In brief: Colt share issue to fund European expansion
News Colt Telecom will issue shares and debt worth £600m to fund the further roll-out of its pan-European network. The thriving operator - which targets lucrative corporate customers in Europe's main urban areas - said it... [14 Jul 1998]
