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The Stupid Loan Bubble.(Motorola and Nokia vs. the Uzans)(wireless operator Telsim)
In the walnut-paneled meeting room of a futuristic building outside Istanbul, Murat Hakan Uzan ponders the charges that put his powerful Turkish business clan at the center of one of the most sensationally unraveling deals of the Internet age. Some scandals involve more money, some bigger names, but none decayed into racketeering charges quite as lurid as those leveled against the Uzans in a New York court. Motorola and Nokia accuse the Turkish family of pocketing nearly $3 billion in loans extended at the height of the tech bubble to Telsim, an Uzan- family holding and the second largest wireless operator in Turkey. Seated in Levi's and cowboy boots under a portrait of ...
- Korea Thrunet Finalizes Vendor Financing Agreement with Motorola.
- Press release article from: PR Newswire June 26, 2001 700+ words
...modem financing contract with Motorola Inc. (NYSE: MOT) Broadband...According to the agreement, Motorola will provide Thrunet with...Expenditure in 2001, the vendor financing agreement will positively...Thrunet also notes that Motorola is the Company's preferred...
- Vendor Financing Becomes Extinct.(Industry Trend or Event)
- Magazine article from: Wireless Week McCall, Margo June 11, 2001 700+ words
...failed to live up to its vendor-financing commitment. Lucent...made in better times. Motorola revealed last month...amount of financing that Motorola had committed to...Weyrauch, adding that Motorola has no plans to extend...Lucent has reduced its vendor financing commitments, ...
- Buyers Take a New Look at Vendor Financing to Get Deals Done.
- Newspaper article from: Science Letter December 30, 2008 700+ words
...be entrepreneurs are turning to vendor financing to complete deals and pave the way...Marketing Director Jodie Shaw said. "Vendor financing is one way for someone looking to...can complete an agreement based on vendor financing arrangements. See more about vendor...
- Vendor Financing Delivers Needed Windfall.(Company Financial Information)
- Magazine article from: Wireless Week McCall, Margo November 20, 2000 700+ words
...Winstar are increasingly turning to vendor financing to aid in their network buildouts...be left holding the bag. Still, vendor financing has proven to be a winning proposition...recent financing package includes vendor financing of $500 million from Cisco and...
- Practice of Vendor Financing by Telecom Companies Less Lucrative.
- Newspaper article from: Knight Ridder/Tribune Business News August 4, 2001 700+ words
...years. The practice became known as vendor financing. By the late 1990s, it had spread...dollars, began buying equipment. Vendor financing ran out of control as equipment makers...matters worse, equipment bought with vendor financing has wound up back on the market at...
- Leap Amends Vendor Financing Agreements to Change Covenants; - Leap's Lenders...
- Press release article from: PR Newswire March 28, 2002 700+ words
...Inc. (Cricket), has amended its vendor financing agreements with Ericsson , Lucent...in its 40 Market Plan. All three vendor financing agreements have been amended in substantively...our business in difficult times for vendor financing in the telecommunications industry...
- Lower ratings hit vendor financing.
- Newspaper article from: Financial News August 20, 2001 700+ words
...s and Standard & Poor's. Vendor financing, as the technique is called, was...committed to pursuing the route of vendor financing. Traditionally, a firm such as Nokia...receive from the debt repayments. Vendor financing is still attractive, according to...
- Troubled Technology Firms Share Unwise Practice of Vendor Financing.
- Newspaper article from: Knight Ridder/Tribune Business News August 4, 2001 700+ words
...are linked by a practice known as vendor financing. And like a chain of dominoes, the...have laid off thousands of workers. Vendor financing has been around for years in the telecommunications...fueled by self-interest. Now, vendor financing is getting some of the blame. In...
Source: HighBeam Research, The Stupid Loan Bubble.(Motorola and Nokia vs. the Uzans)(wireless...