360networks may have filed for protection in time to save itself, says U.S. analyst
News | July 17, 2001
The hasty and unexpected move by 360networks Inc to file for voluntary bankruptcy is being viewed as a positive sign by at least one U.S. analyst who hasn’t given up hope that the Vancouver company can pull out of its current free fall. After failing to raise additional capital, the fibre giant filed for protection in Canada and the United States in late June (NL, July 3/01), earlier than analysts had anticipated. This content is available to wirereport.ca subscribers Already a subscriber? Sign in here Unlock all the Canadian telecom, broadcasting and digital media news you need.Take a free trial or subscribe to The Wire Report now. FREE TRIALTwo weeks of free access to thewirereport.ca and our exclusive newsletters. SUBSCRIBEUnlimited access to thewirereport.ca and our exlusive newsletters. |