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

Metromedia Defaults on Debt

Photonics.com
Apr 2002
NEW YORK, April 19 -- Metromedia Fiber Network Inc., said Tuesday it had defaulted on $975 million in debt held by an affiliate of Verizon Communications Inc.

Metromedia, which builds high-speed networks in cities, said it was in default after failing to pay interest under a 30-day grace period on the debt. As a result, it said it may be forced to repay the debt under an accelerated schedule.

The company is currently in discussions with the holders of substantially all of its indebtedness, including Verizon, about its restructuring.


CommunicationsNews & 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.