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Leap reorg progresses, carrier to quit N.C. town; Ntelos Chapter 11 plan approved.(News)
Publication: RCR Wireless News Publication Date: 11-AUG-03 |
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COPYRIGHT 2003 Crain Communications, Inc.
Byline: DAN MEYER
Leap Wireless International Inc. continued its climb back to financial solvency. The San Diego-based company said its bankruptcy court approved a disclosure statement Leap filed in connection with its reorganization plan.
Leap said the court approval, which was granted by the U.S. Bankruptcy Court for the Southern District of California, will allow it to begin soliciting votes from its creditors to confirm Leap's reorganization plan and move one step closer to emerging from the Chapter 11 bankruptcy protection it filed for last April.
Leap's management said last week that they are confident the...
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