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Primus gains creditor protection, plans sale to Birch

Thursday 21 January 2016 | 14:31 CET | News
Fixed line operator Primus Telecommunications Canada has won court protection from its creditors and seeks approval of a plan to be acquired by US operator Birch Communications from its current owner York Capital Management, reports the Globe and Mail. CEO Michael Nowlan told the newspaper that Primus could not succeed with its current capital structure and sought a buyer. The company signed an agreement to sell to Birch on 18 January on yet undisclosed terms.

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Categories: Fixed
Companies: Birch Communications / Primus Telecommunications
Countries: Canada
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