TV Provider Capitol Receptive To $11M Bankruptcy Sale

Law360, New York (April 27, 2012, 2:33 PM EDT) -- Capitol Infrastructure LLC said Friday it had lined up an $11 million sale to Hotwire Communications Ltd., one day after the beleaguered television and Internet provider filed for bankruptcy in Delaware federal court.

Capitol, also known as Connexion Technologies, asked the court for permission to auction all of its assets with Hotwire serving as the stalking horse bidder. Capitol’s Chapter 11 petition on Thursday listed assets of less than $500,000 and debts of between $100 million and $500 million.

Capitol provides television, phone and Internet services...
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