Bankrupt friday
RSS Bankrupt fridaySort by: Relevance | Date
Ericsson snaps up Nortel's wireless tech for $1.13bn
News Ericsson cast the $1.13bn winning bid in an auction for the wireless assets of bankrupt Nortel Networks, the companies said on Saturday. Ericsson was one of three bidders in Friday's auction. The Swedish... [27 Jul 2009]
Nortel dropped from Olympic role - and Cisco steps up
News In a statement on Friday, the London 2012 Organising Committee (Locog) said it has ended its contract with the bankrupt infrastructure supplier "on good terms". Nortel has been dropped as the official... [10 Jul 2009]
AT&T to grab BellSouth in deal worth $67bn
News Eventually, Verizon paid $8.44bn for the formerly bankrupt MCI . Based on AT&T's closing stock price on Friday, the deal will be worth about $37.09 for each BellSouth common share. That represents a 17.9... [06 Mar 2006]
Google pet shop lawsuit gets go ahead
News The lawyer won and managed to take over PetsWarehouse.com to pay for the judgment, but an Alabama appeals court reversed the decision on technical grounds last Friday, saying "we conclude that the trial court lacked... [07 Apr 2004]
Will Colt be declared bankrupt on Friday?
News Three days of hearings have closed, in which a US-based hedge fund, Highberry, has claimed Colt should be declared bankrupt because it will be unable to meet its debts after 2005. A high court judge will decide the... [18 Dec 2002]
Razorfish hooked by consultancy
News The company completed its acquisition of bankrupt Scient in October and agreed to acquire Lante in July. Computer services firm SBI has agreed to acquire internet consulting company Razorfish for about $8.2m, the... [25 Nov 2002]
KPNQwest network going, going, gone
News Bankrupt data carrier KPNQwest is on the verge of closing the remainder of its European network today. Not all KPNQwest customers will be seriously affected as the parts of the network which were able to exist... [19 Jul 2002]
KPNQwest network may be split up
News Because of that, of the 200 staff given their jobs back after KPNQwest went bankrupt, only the Belgium eBone 40 are going to get paid for over a week's hard work. Kinsey added: "On Friday the banks won a... [25 Jun 2002]
Academics abandon sinking KPNQwest
News UK university network Janet has cut its customer ties to bankrupt telco KPNQwest amid fears that its network could lose contact to the internet. Janet's holding company, Ukerna abandoned the sinking carrier that provided... [06 Jun 2002]
KPNQwest: Plug to be pulled within days
News KPN said it has been paying E500,000 (£321,500) per day to keep the long-distance data network running since KPNQwest declared itself bankrupt last Friday. Dutch telco KPN says it will stop funding its... [05 Jun 2002]
FCC sorts out US 3G cock-up
News The deposits were paid as part of a deal set before the government had reclaimed them from the bankrupt owner Nextwave. The Federal Communications Commission is set to return most of the billion dollar deposits paid by... [24 Jan 2002]
US telcos demand FCC cough up for duff 3G licensing deal
News US telco companies are demanding that the government return $3.2bn in down-payments on broadband wireless licenses held by the bankrupt Nextwave Telecom. Last January a federal appeals court refused to allow the Federal... [07 Jan 2002]
AT&T bid shaky as Excite@Home negotiates slow demise
News But since the company was declared bankrupt on 1 October, AT&T has been the only bidder for the business. On Friday, Excite@Home was granted the right by a bankruptcy court to renegotiate its... [04 Dec 2001]
Excite@home leaves AT&T customers disconnected@home
News Bankrupt high-speed ISP Excite@home has shut out 850,000 AT&T customers as it tries to get better deals with US cable companies. Last Friday, a US bankruptcy court ruled that Excite@home was not... [03 Dec 2001]
Difficult times for Teamwork
News Teamwork, which specialises in internet, intranet, document management and archive solutions, declared itself bankrupt on Friday in the face of mounting losses. It is now working with Piepenburg & Dr... [06 Nov 2000]
