Tuesday, November 25, 2003

The Ntelos bankruptcy from the shareholder point of view

The Roanoke Times has this story from the perspective of shareholders in the Ntelos telecommunications firm, which involved some independent telephone companies that had been successful for a long time, then merged to form Ntelos, got involved in some fancy deals with some fancy borrowing, and went into Chapter 11. The article quotes one person as saying, "They took a 100-year-old phone company and ground it to nothing."

No comments: