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TECHBITS.(INTERNET & TECHNOLOGY)

Investor's Business Daily

| September 04, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Reinhardt Krause

More Telecoms Swapping

Debt For Equity

Swapping debt for equity is becoming trendy for phone companies.

It's one way for money-losing firms to stay afloat.

In debt-for-equity swaps, companies issue new stock to bondholders who, in turn, retire debt.

Long-distance network builder Level 3 Communications Inc. is considering the move. So is local phone startup XO Communications Inc.

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