It's a double-whammy for Pac-West Telecomm, which has filed for Chapter 11 bankruptcy protection. In addition, South Dakota revoked the Stockton, Calif.-based competitive wholesale provider's certificate to operate in the state due to unpaid taxes.
Two months after filing for Chapter 11 bankruptcy protection, LodgeNet Interactive said Colony Capital closed its acquisition of the hotel entertainment programming distributor.
Alabama local exchange carrier Otelco said it filed for bankruptcy protection on Monday, three months after its wholesale contract with Time Warner Cable ( NYSE: TWC ) expired.
Sycamore Networks, at one time a major contender in the optical switch market, confirmed late last week that it had filed its certificate of dissolution with the State of Delaware to complete the process of liquidating the company
LodgeNet said Tuesday it filed for bankruptcy protection, but that new capital and a partnership with rival DirecTV will see it emerge from the prepackaged chapter 11 filing with the ability to launch new products for its hotel and healthcare customers.
LightSquared is proposing to share spectrum the federal government uses for weather balloons. The company hopes to couple this spectrum with the L-Band satellite spectrum LightSquared already holds in an attempt to finally get its planned wholesale LTE network up and running.
Contec Holdings, a company that refurbishes cable set-tops for Time Warner Cable and other MSOs, has filed for bankruptcy protection.
Broadview Networks on Wednesday filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York that includes a "pre packaged" restructuring plan.
LightSquared has prevailed in one of its initial bankruptcy court battles, winning a ruling that should help it preserve $1.5 billion in tax breaks and stay in the game to battle regulators over the use of its L-Band spectrum licenses.
After months of waiting and watching for this wireless train wreck, it finally happened. LightSquared filed for Chapter 11 bankruptcy reorganization this week , but the story is far from complete.