New backers may be last hope for Energis
Tags: ENERGIS PLC; TELECOMMUNICATION
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Reveals that Great Britain-based telecommunications services firm Energis has extended the life of certain network plant and equipment from 10 to 15 years effective April 1, 1997. Reduction of the depreciation charge; Analysis of operating costs.
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Reports on the possibility that Mike Grabiner could launch a bid for his former employer, telecoms company Energis. Value of sales of Energis; Possible bidders of the company; General skepticism about debt restructuring.
- BREAKING. // New Media Age;10/3/2002, p3
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- Bonds Plot Own Course Against Equities. Burns, Mairin // High Yield Report;3/26/2001, Vol. 12 Issue 12, pN.PAG
The sell-off in Cable & Wireless Inc. stock in May 2003, led to widespread financial crisis in equity market of the telecommunication industry. Great Britain-based telecom operator Energis PLC saw its stock slide to GBP3.00 from GBP4.50. Analysts feared that the equity slump would trigger a...
- Banks move to rescue Energis from the wall. Sastri, Sumi // Utility Week;7/19/2002, Vol. 18 Issue 5, p9
Reports that Energis, an alternative telecommunication operator that was close to bankruptcy in early 2002, is in talks with its banks and bondholders about the sale of its operations in Great Britain. Number of banks that are involved in the talks; Measures made by the banks and bondholders to...
