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AT&T Canada restructuring hailed as positive move to keep competition alive

News | 10/21/2002 4:00 am EDT

Last week’s announcement that AT&T Canada has successfully negotiated a new deal with its bondholders and that it will operate under the Companies’ Creditors Arrangement Act (CCAA) while it restructures is being heralded as the best chance for the CLEC to survive (NL Update, Oct. 15/02). Observers inside and outside of the negotiations like what they see.

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