TNW | Business
Apollo-backed Brightspeed seeks up to $3B from creditors for fibre
The rural broadband provider has about $10B of debt and has warned it may not survive as a going concern.
By TNW | Business
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Fibre optic cables connected to telecommunications equipment in a network rack.
Credit: Kirill Sh on Unsplash
Brightspeed, a US fibre broadband provider owned by Apollo, is in talks with creditors to raise $2B to $3B of new money, Bloomberg reports. It has about $10B of debt, has warned about its survival, and may file for bankruptcy as soon as December.
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