Winstar files bankruptcy protection

Article Abstract:

Winstar Communications Inc, operator of a wireless network providing high- speed Internet access to office buildings, has filed for bankruptcy protection in Delaware on Apr 18, 2001. The company hopes to emerge from bankruptcy with significantly less debt, thus loweing its interest payments and having more opeating flexibility. Winstar also filed a breach of contract lawsuit against Lucent Technologies, alleging that Lucent violated a five-year supply agreement.

---

Infinity's $2.9B offering draws glut of bankers

Article Abstract:

Infinity Broadcasting Corp's $2.87-bil initial public offering (IPO) drew a total of 22 investment bankers who are expected to collect a total of over $135 mil in placement fees. The radio broadcasting company, which has the second-biggest radio station network in the US, became a publicly traded firm on Dec 10, 1998. Merrill Lynch and Company Inc, the lead manager for the Infinity IPO, is expected to generate $50 million for its role in the stock offering.

Radio Stations, Commercial Radio Stations

---

Internet service providers Juno, NetZero to merge

Article Abstract:

NetZero and Juno Online Services, former fierce rivals, have agreed on Jun 7, 2001 to merge in a $71 million stock swap that creates the nation's second-largest Internet service provider. The merged company, to be called United Online, combines the last large independent survivors of the free Internet aceess providers. The mergd company will have 7 million subscribers, behond AOL Time Warner's 29 million.

Acquisitions & mergers, Juno Online Services Inc., NetZero

Similar abstracts:

• Abstracts: War crimes: should an international court prosecute atrocities? Understanding Islam: Islamist movements
• Abstracts: In the fickle hands of Lady Luck. Smart options for risk-averse investors. Virtual competitors: as technology races ahead, the banks face new rivals
• Abstracts: Mesa strives to rebuild reputation. Atlantic Coast grows out from United's wings. 747 'hit object,' crashed
• Abstracts: Deals on electronics not likely to improve. Companies cite attacks in earnings warnings. Movies, music boost Seagram's earnings
• Abstracts: Ontario firm's alternative decks, fences catch on. Car makers called to Ottawa. Ontario town fears tap-water tragedy

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.