Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
share
Email Facebook Twitter Google+ LinkedIn Comments

360networks Gets Reprieve on Bankruptcy Plan

Photonics.com
Dec 2001
VANCOUVER, British Columbia, Dec. 21 -- 360networks Inc. has won more time to pursue its restructuring. The US Bankruptcy Court for the Southern District of New York has agreed to extend its cash collateral order until July 2, 2002. 360networks' bank lenders and unsecured creditors had supported the extension. The company is asking a Canadian court for a similar order extending its protection from creditors.

The company hoped to be able to sell off much of its network and reorganize as a North American-based system, but now said it is considering other options. It said 360networks "continues to explore all reorganization options, including a potential acquisition or strategic investment, as well as a stand-alone business."


News & Features

Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
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.