Teligent's troubled travels turn to bankruptcy

Smith, Hilary
May 2001
RCR Wireless News;5/28/2001, Vol. 20 Issue 22, p29
Trade Publication
Reports that Teligent Inc. has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York in May 2001 with the intent of reorganizing its capital structure, while offering broadband voice and data services. Goal of the company; Debt extension of Teligent through a credit agreement with Chase Manhattan Bank, Goldman Sachs Credit Partners and Toronto Dominion Bank; Acquisition of Teligent's stocks by IDT Corp.


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