debt 1.1bn
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Carphone Warehouse plans broadband boost
News It said it will use the £1.1bn "to pay down debt, invest in broadband customer growth and infrastructure and invest in new areas of growth presented by the transaction". Mobile phone retailer Carphone... [09 May 2008]
Failing Child Support Agency axed
News We will not relax our efforts as we move to the new system, in fact we will be getting tougher and have already started contracting out debt to debt collection agencies. The failing Child Support Agency... [24 Jul 2006]
Indian IT firms on international acquisition spree
News This coincides with a period marked by liquid debt and buoyant private equity markets. The number of overseas acquisitions made by Indian IT companies has risen sharply in the last four years and is set to increase... [16 May 2006]
Spammer must pay $11bn to ISP
News Iowa-based CIS Internet Services won the ruling against James McCalla, who sent more than 280 million unsolicited emails touting debt consolidation and mortgage services, a report from local newspaper the Quad City... [05 Jan 2006]
BT keeps up £1bn new wave momentum as voice dies
News The telco is making progress on its net debt, however, which has been cut by 10 per cent since the third quarter of last year. BT's investment in its new wave businesses - mobile, broadband and ICT services - seems to be... [10 Feb 2005]
IBM sells PC division
News Lenovo will pay $1.25bn for the IBM PC unit and assume debt, which will bring the total cost to $1.75bn. IBM will sell its PC division to China-based Lenovo and take a minority stake in the former rival in a deal valued... [08 Dec 2004]
EDS inks $1.1bn integration deal with Bank of America
News EDS, which had its debt rating cut to 'junk' status last week, has landed a $1.1bn contract with the Bank of America. The contract is an extension of a deal inked last year that saw the troubled tech... [20 Jul 2004]
Will Colt be declared bankrupt on Friday?
News Highberry, part of the Elliot Group, bought part of Colt's debt at a discount on the market, and is attempting to force Colt into bankruptcy. Highberry owns £75m Colt notes, out of a total debt of... [18 Dec 2002]
Qwest enters settlement talks with SEC
News Qwest has a debt mountain of $26bn and is desperately trying to sell assets to raise cash to keep the banks at bay. Qwest has begun settlement negotiations with the SEC as it struggles to stem the damage done by an... [01 Aug 2002]
Dutch carrier files for bankruptcy (and it's not KPNQwest)
News Investors hope Versatel will seek to convert its debt into shares and cash following the lead of the likes of NTL. Versatel, the Dutch data carrier which went E1.7bn (£1.1bn) into the red when it built a... [20 Jun 2002]
NTL sheds customers amid rescue talks
News During the three months up to the end of March its customer base dropped in the face of a desperate attempt to put together a debt-for-equity swap deal. NTL lost more than 73,000 UK customers over a three month period... [12 Jun 2002]
NTL gets stay of execution
News NTL is to be given some extra time to restructure its £11bn debt. The company's bondholders and bank lenders had given it until this Thursday to begin paying back the money they're owed, but it's emerged... [29 Apr 2002]
NTL delays $100m loan repayment
News The paper says that the bondholders may be willing to leave their cash in the business to help its survival and are optimistic that an acceptable debt restructuring process can be completed. NTL failed to repay around... [02 Apr 2002]
D-Day for Amazon
News Despite the optimism, Wall Street tracking firm Thomson Financial/First Call has predicted the company will be weighed down by the $130m annual interest payment it currently forks out on its $2bn debt. [21 Jan 2002]
Marconi investors braced for profits warning
News Marconi CEO Mike Parton is expected to announce that the company's debt restructuring programme is on schedule after it offloaded a number of its divisions. Marconi is expected to issue a profits warning tomorrow after... [14 Jan 2002]
