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 acquiror.
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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