Search
Menu
PI Physik Instrumente - Fast Steering Mirrors LW 16-30 MR

FLAG Telecom Files Bankruptcy

Facebook X LinkedIn Email
BERMUDA, April 12 -- FLAG Telecom announced today that it has filed for bankrupcty under Chapter 11 with the US Bankruptcy Court for the Southern District of New York. Certain subsidiaries of the company have also filed voluntary petitions under Chapter 11. This action was taken after the board of directors authorized the filing of the petition by unanimous vote. The board's action was taken following the acceleration of the bank debt of FLAG Atlantic Ltd. by the syndicate of banks which are its lenders, which constituted a cross-default under the company's indenture for its outstanding...Read full article

Related content from Photonics Media



    Articles


    Products


    Photonics Handbook Articles


    Webinars


    Photonics Dictionary Terms


    Media


    Photonics Buyers' Guide Categories


    Companies
    Published: April 2002
    CommunicationsNews & Features

    We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.