Secured lenders approve Microcell recapitalization. (Late News).

Publication: RCR Wireless News

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COPYRIGHT 2002 Crain Communications, Inc.

TORONTO--Microcell Telecommunications Inc. said its secured lenders have agreed on the terms of a recapitalization plan for the struggling company.

Microcell missed a US$29.3 million interest payment that was due 2 December.

Montreal-based Microcell, which operates the Fido mobile-phone service, said details of the plan should be available by...

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