Marconi sells US unit to shrink debt mountain
News The move looks set to lead to a reduction in the UK equipment maker's debt mountain and has led to a more positive statement about the company's upcoming third quarter figures. It is left with around £377m in debt and a market cap of around £1.26bn...
[January 6, 2004, 13:45]
News Roundup: BT must face up to its debt problem
News Tues 20 Mar Calls for heads to roll, together with mounting concern over the telco's £30bn debt mountain, makes it a bad time to face the shareholders Managing director Sir Peter Bonfield needs to pay off a third of his company's £30bn debt as...
[March 21, 2001, 11:22]
AOL may eject CD division
News AOL Time Warner is considering selling its CD and DVD manufacturing business in an effort to level off its mountain of debt, according to published reports. The prospect of a sale underscores the company's immediate need to pay off its $27bn of debt.
[March 7, 2003, 15:11]
LineOne's future on the line
News The company said in September it would attempt to raise at least £10bn by the end of next year to reduce its mountain of debt. Rating agency Standard & Poor's downgraded BT's credit worthiness by four notches in August because of its rising debt...
[November 27, 2000, 15:59]
Engineering BT to 21CN
News BT took some big decisions at that time to rapidly address its debt mountain [which reached £30bn] and that created malleability within BT - an understanding that change was needed and that the old BT wasn't right anymore.
[September 22, 2005, 15:00]
Marconi settles its debts
News Marconi has cleared off the last of the $1.2bn debt left after its financial rescue 16 months ago. The telecoms equipment company has paid off the debt four years ahead of its 2008 deadline and is still left with £300m in cash.
[September 6, 2004, 12:15]
O2 overshadows BT with superfast broadband rollout
News BT demerged O2 five years ago to help crack its multi-billion pound debt mountain. BT's former mobile arm, O2, is challenging the telco in the broadband arena with a rapid rollout of superfast broadband.
[November 15, 2006, 15:51]
BT's Bland is new media top dog
News Bland was credited for lowering BT's debt mountain, and for making the company give broadband a much higher priority. BT chairman Sir Christopher Bland is the sixth most powerful individual in the UK's media sector, according to Monday's edition of...
[July 8, 2002, 12:55]
The Day Ahead: Techs plunging off Copper Mountain
News CLECs, which largely funded expansion with public equity and debt offernings, can't attract investors. Commentary: The slowdown in telecommunications capital spending has claimed another victim, and investors will be jumping off Copper Mountain...
[October 18, 2000, 12:44]
Enron's collapse could hit tech market hard
News Enron's rapid fall can be traced to a steep decline in energy prices, a mountain of debt, and a series of questionable partnerships now under investigation by federal regulators. The demise of energy giant Enron will have a far-reaching impact on...
[December 4, 2001, 11:03]
Broadband access dominates UK tech awards
News BT won Turnaround of the Year for having in less than two years greatly reduced its debt mountain, quickly rolled out broadband ADSL connections and concentrated an approach that marries communications with IT and outsourcing.
[October 9, 2003, 10:00]
BMC plans spending spree
News We have zero debt and $1bn in cash. BMC, one of the world's largest enterprise software management companies, is planning to spend some of its $1bn (£630m) cash mountain to acquire a selection of software companies, plugging gaps in its product...
[September 2, 2003, 17:20]
BT pulls plug on shareholder meeting
News Unconfirmed reports suggest BT (quote: BT) may have cancelled the shareholder meeting due to take place this evening as pressure mounts on the telco to explain its debt-reduction strategy. A decision by credit rating firm Moody's Investors Service...
[March 20, 2001, 11:46]
