TechThe Next Webabout 2 hours ago
Brightspeed Seeks Up To $3B From Creditors
2 min read
Apollo-backed fibre provider Brightspeed is in talks to raise $2B to $3B from creditors to address its $10B debt. The company warned in September it may not continue as a going concern and could file for bankruptcy as soon as December. Former FTI Consulting executive Shawn O'Donnell was named chief executive this month.
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