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Broadband

Altitude Infrastructure backs rescue plan for wholesale operator Kosc

Monday 27 January 2020 | 10:09 CET | News
French wholesale operator Kosc Telecom is set to put forward a plan that will ensure its medium-term future, reports Les Echos citing the company's president, Yann de Prince. This week, an administrator appointed by the court will assess the rescue bids of potential backers, after Kosc secured enough funding in December to continue its business activities, while undergoing insolvency proceedings. Altitude Infrastructure has emerged as Kosc's preferred partner, pledging to invest EUR 100 million over five years in the struggling operator. 

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Categories: Fixed
Companies: Altitude Infrastructure / Kosc Telecom
Countries: France
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