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NL Update

News | 03/04/2002 5:00 am EST

Stream was put into receivership by GE Capital
General Electric Capital Canada Inc. was the investor that drove Stream Intelligent Networks Corp. into receivership. The financial giant was owed $13 million by the fibre provider, according to documents filed with the Ontario Superior Court of Justice. Stream’s executive officers have resigned and the company is being run by receiver PricewaterhouseCoopers Inc. To read Network Letter’s earlier story on Stream’s demise, click here.

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