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Telecom Distressed Assets: How to Rescue Stranded Networks
Bankrupt carriers need business model transplants, not just balance sheet transfusions. In our report, Bondholder Beware , we identified what we believe to be three fundamental flaws in bankrupt carrier plans of reorganization which increase the ultimate probability of liquidation.
In this follow on piece, we identify why senior creditors are pursuing this path, and provide an alternative framework for investors, turnaround firms, and management to restructure service provider assets
- The Rich Get Richer: Two success models in the carrier marketplace
- Not Bold Enough: Far from being bold, distressed asset investors are being too timid in their reorganization plans. We identify Size, Access, Services, and Utilization as four, inter-related missing ingredients
- What’s the Upside: Quantified example of an operating carrier aggressively applying restructuring principles to create a sustainable niche competitor
Download this article:: StrandedRescue.pdf [304.1kb]
1 September 02
