Summary:

i2 Partners :: A number of backbone carriers and CLECs are now submitting Plans of Reorganization in bankruptcy court. While WorldCom burns, Leucadia and Warren Buffett’s Berkshire Hathaway are among the new telecom distressed asset investors. Are “smart money” plays in distressed broadband carriers leading to […]

i2 Partners :: A number of backbone carriers and CLECs are now submitting Plans of Reorganization in bankruptcy court. While WorldCom burns, Leucadia and Warren Buffett’s Berkshire Hathaway are among the new telecom distressed asset investors. Are “smart money” plays in distressed broadband carriers leading to successful restructuring? We’ve examined a few plans of re-organization and unfortunately, so far, we believe the answer is “no”.

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