Law360, New York (October 06, 2011, 6:47 PM ET) -- Open Range Communications Inc., a company that aimed to provide broadband Internet connections to rural communities in the U.S., on Thursday filed for Chapter 11 bankruptcy protection citing problems with securing wireless bandwidth.
The Greenwood Village, Colo.-based company said that it aimed to either sell off its assets through a section 363 sale or wind down its operations through a court-supervised liquidation, despite having won a $267 million loan guarantee from the U.S. Department of Agriculture's Rural Utilities Services in January 2009. The company also received...
Rural Internet Co. Enters Ch. 11 After Bandwidth Drought
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