Seeking Alpha

Otelco (OTT) has made a "prepackaged" filing for Chapter 11 three months after a vital...

Otelco (OTT) has made a "prepackaged" filing for Chapter 11 three months after a vital revenue-generating wholesale voice contract with Time Warner expired. The telecom services provider's income has also been hit by an FCC order in late 2011 over access rates. Otelco's creditors have agreed to a plan that will cut Otelco's debt in half to $135M, with subordinated debt holders receiving 92.5% of its Class A shares.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs