360networks stock dives 37%
Article Abstract:
360networks Inc. saw its share value drop by 37%, or below 1 Canadian dollar for the first time ever. The share decline came after Moody's Investors Service Inc. warned that the company may default on its debts, worth US$2.5 billion.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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360networks delays key bond payment
Article Abstract:
In the shadow of its $2.8 billion debt, 360networks Inc. seeks ways to delay a bond payment.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: 360networks moves to quell fears. 360networks posts record sales. 360networks CEO sees no quick fix
- Abstracts: 360networks' IPO to test market. 360networks' IPO a success
- Abstracts: 360networks doing a 180. 360networks, SingTel forge network deal. 360net's Maffei facing long odds
- Abstracts: 360networks, Alcatel to link cable network to Japan. 360networks buoyed by word of Alcatel plan. Alcatel close to deal to buy Lucent
- Abstracts: Agnew Group files for bankruptcy protection. 360networks seeks court protection. Loewen expected to avert bankruptcy