ASIA Global Crossing, Wilco, NASDAQ
BRIEF OBJECTS
ASIA GLOBAL CROSSING FINDS BUYER
Financially troubled network provider Asia Global Crossing has announced a deal that could see the telecommunications vendor change hands in the first quarter of next year. Asia Netcom, a company set up by China Netcom, is putting together a $120 million deal with a consortium expected to include Newbridge Capital and Softbank Asia Infrastructure Fund. Asia Global Crossing’s providers have agreed to restructure the debts owed to them, but shareholders are not
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