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Teligent's troubled travels turn to bankruptcy.
Publication: RCR Wireless News Publication Date: 28-MAY-01 Author: SMITH, HILARY
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COPYRIGHT 2001 Crain Communications, Inc.
As expected, Teligent Inc. voluntarily filed for bankruptcy last week following a long and tedious demise that included debt extensions, layoffs and management shake-ups.
Vienna, Va.-based Teligent said it filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York with the intent of reorganizing its capital structure, while still offering broadband voice and data services.
"Our goal is to emerge from this reorganization with the appropriate cost framework to allow us to...
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