Teligent drops 38% of its work force amid funding push

Article Abstract:

Teligent Inc. laid off 38% of its workforce as the company attempts to raise $350 million (399.3 million euros) before a deadline. The company must raise the funds or else violate a credit agreement.

Labor force information, Financial management, Human resource management

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Teligent's chairman and CEO is expected to leave company

Article Abstract:

Alex Mandi, the chairman and chief executive officer of Teligent Inc., is expected to resign from his posts. Mandl has yet to find a new job after leaving the struggling telecom company.

Executive changes & profiles, Officials and employees, Appointments, resignations and dismissals, Mandi, Alex

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Metromedia to use company shares to buy SiteSmith

Article Abstract:

Metromedia Fiber Network Inc. has reached an agreement to acquire SiteSmith Inc. Metromedia will acquire SiteSmith for approximately $1.36 billion.

Asset sales & divestitures, Acquisitions & mergers, Mergers, acquisitions and divestments, Metromedia Fiber Network Inc., MFNX, SiteSmith Inc.

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