debt
RSS debtKPN tackles debt mountain
News The company's debt spiralled last year with the acquisition of mobile phone licences and a 77 per cent stake in German mobile operator E-plus, reaching a net figure of E22.9bn (£14.3bn). Other cost-cutting plans unveiled... [26 Mar 2001]
KPN tackles debt mountain
News The move is an attempt to reduce the Dutch telco's debt mountain and avoid the sale of key assets, the Telegraph reports. KPN has asked its investors to hand over E5bn (£3bn) in a rescue financing bid. [22 Nov 2001]
Data Management Software Helps Australian Debt-Solutions Firm Streamline IT, Cut Costs
White Paper FSA Group serves Australians who need help controlling their debt. In mid-2007, the company redesigned its outdated IT environment to offer enterprise-class capabilities, standardizing on Windows Server 2003, Microsoft... [30 May 2009]
Telewest debt forces major rethink
News Robert Bennett, CEO of Liberty Media, said it was about to start talks with debt laden Telewest to discuss the possibility of swapping debt for another equity stake. UK cable company Telewest is on the... [14 Jun 2002]
Bland bond issue to tackle BT debt
News BT desperately needs to reduce its £30bn debt mountain by a third before the end of the year in order to avoid the credit rating on its bonds being downgraded, adding millions of pounds to its already hefty interest bill. [30 Apr 2001]
BT hopes bond strategy will ease burden of debt
News The move is described as being "a housekeeping measure" to replace short term debt with cheaper long term debt and will almost double the company's bonded debt. The issue had been... [20 Nov 2000]
Mobile auction billions to pay off national debt
News Chancellor Gordon Brown today announced plans to slash Britain's mounting national debt in the Budget, promising to pay off £34bn this year. The Chancellor received rousing support from the Labour benches as he told MPs... [07 Mar 2001]
Inland Revenue debt collection delays
News The system will work alongside the existing debt collecting system. The Inland Revenue has suffered delays in its plans to install a tax collection system capable of offering a detailed history of unpaid debts. [06 Sep 1999]
Colt bond buy back slashes debt
News The move has reportedly shaved £47m off the company's debt. Troubled broadband communications provider, Colt Telecom saw its shares rise yesterday after it bought back £115m of its own bonds. The company endured intense... [04 Sep 2001]
Telecom Italia tries to cut debt
News Telecom Italia's holding company Olivetti is to issue up to E4bn (£2.5bn) in convertible, zero-coupon bonds in a move to reduce the costs of its E17.4bn (£10.9bn) debt. According to the Financial Times, however, the sale... [27 Sep 2001]
L&H last-ditch debt talks
News Former leader in the voice technology field, L&H will address the massive debt issue, which analysts believe could plunge the firm into bankruptcy, by debt rescheduling talks with a number of banks. [29 Nov 2000]
BT's results offer no debt relief
News The telco giant increased its revenue and its debt for the period ending 31 December 2000 while operating profits remained stagnant. Debt currently stands at £19bn and is set to reach long-predicted... [08 Feb 2001]
Two days left for debt laden Lucent
News The company is struggling against Nortel in its optical business as well as seeking to reduce debt through an IPO of its chip division, Agere Systems. Morgan Chase and Citigroup are expected to commit $1.25bn each, but... [20 Feb 2001]
Level 3 to cut $8bn debt mountain
News Level 3 Communications plans a debt-to-equity swap in order to cut its $8bn debt load. According to analysts the buy-back - at $1.8bn - will remove a large proportion of the company's $8bn... [11 Sep 2001]
AT&T's Comcast deal may include $12bn debt swap
News Comcast's stuttering deal to buy AT&T Broadband took another step forward yesterday with news that the two companies may exchange as much as $11.8bn of debt in meeting the financial obligations of the deal. [13 Aug 2002]
