Bloomberg | By Jonathan Roeder and Crayton Harrison | Dec 17, 2010 2:43 PM CT
Grupo Iusacell SA, the Mexican mobile-phone carrier owned by billionaire Ricardo Salinas, filed for pre-arranged bankruptcy in Mexico, seeking a restructuring plan with creditors for the second time in four years.
A judge may rule on whether to begin bankruptcy proceedings next week, Gricelda Nieblas, head of the Federal Institute of Bankruptcy Specialists, a part of the judicial branch, said in a telephone interview today. Calls and e-mail messages to Iusacell’s press office weren’t immediately returned.
Salinas is seeking to revamp the wireless company, Mexico’s third-largest, after failing to gain ground against larger America Movil SAB and Telefonica SA since he bought control of the company in 2003. Iusacell began talks to renegotiate its foreign-currency debt in April 2009 and delisted its shares from Mexico’s stock exchange this year
…
Read full article here via Bloomberg
Iusacell Bankruptcy Filing May Get Ruling Next Week
ABOUT AUTHOR
Jump to Article
What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants