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Thanks to a dramatically changing regulatory
environment and rapidly evolving technologies, the telecom industry has, for
some years, been in a state of flux. At ST&G, we've been in the midst of
those changes, helping companies weather a storm of mergers, acquisitions,
bankruptcies and other market upheavals.
Our experience in all facets of corporate
restructuring enables us to provide our telecom clients with a comprehensive
understanding of the relevant risks and rewards, regardless of whether the
client is a debtor, creditor, trader or acquirer.
Representative Clients & Cases:
- ATX / Corecomm – represented Leucadia National Corp. in its
acquisition of the discounted senior bank debt of this mid-Atlantic CLEC,
and the subsequent conversion of that debt into ownership of the
reorganized company
- Motient – represented a distressed investor in the chapter 11 case
of this provider of wireless services
- Nextwave – represented Qualcomm in connection with its interests
in this restructuring
- VarTec Telecom – represented the "stalking horse" bidder
in this $80 million auction for the assets of this "dial-around"
service provider
- Verestar – represented a DIP lender to, and stalking horse bidder
for the assets of, this operator of a satellite network
- WorldCom – represented major distressed investor in its capacity
as a significant bondholder
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