Broadband Operator Xanadoo Takes Ch. 11 Plunge
The Bala Cynwyd, Pa.-based company and four affiliates filed a petition estimating total assets at between $100 million and $500 million, and total liabilities at between $50 million and $100 million. The company provides broadband services to smaller communities in Texas, Oklahoma and Illinois.
No explanation for the bankruptcy was offered in court filings made public...
To view the full article, register now.