The dark fiber assets of Allied Fiber's Southeast network subsidiary will be auctioned off in July, reflecting the next step in the Chapter 11 bankruptcy protection process.
Allied Fiber, a competitive dark fiber player, recently filed for Chapter 11 bankruptcy protection amidst its struggles to sell dark fiber on its new Atlanta-to-Miami route.
Aereo suffered an ignominious ending to its short, disappointing life Thursday, with the auction of the online video tech company's remaining assets netting less than $2 million.
UniTek, a Blue Bell, Penn.-based systems integrator servicing Comcast, DirecTV, AT&T and other top pay-TV operators, has filed for Chapter 11 bankruptcy protection and will restructure with its creditors taking ownership.
The bankruptcy court battle over struggling regional sports network CSN Houston is going into overtime. Comcast has appealed a ruling rendered Wednesday by Bankruptcy Judge Marvin Isgur that seemed, at the time, to have cleared the sale of the network to AT&T and DirecTV.
The sale of troubled regional sports network CSN Houston to AT&T and DirecTV now appears likely, with a bankruptcy court judge ruling against Comcast on the key matter of the network's remaining value.
The fate of carriage-crippled regional sports network Comcast SportsNet Houston now hinges on what dilapidated value a bankruptcy court deems that it has left. The teams want to sell the bankrupt network to AT&T and DirecTV at a value of around $22 million, down from an initial value of $700 million.
Comcast is now fighting a bankruptcy court-backed deal that would transfer ownership of struggling regional sports network Comcast SportsNet Houston to AT&T and DirecTV.
In a move that it called a "significant milestone" in its five-year bankruptcy, Nortel Networks said it has reached a deal to cut more than $3 billion owed to former Nortel entities in Europe, including bondholders, retirees and suppliers.
Valley Telecom made its initial payment of about $3.54 million for Alvarion, in accordance with a court-approved agreement to buy the former WiMAX gear maker out of receivership. The payment marked Valley's assumption of management and financing of Alvarion's operations.