Taking Advantage Of The Tangles In TelecomJames E. Ellis
For most shareholders and creditors, the bankruptcy of Telesphere Communications Inc. was a disaster. Last year, local phone companies slowed collections from callers who objected to high charges from often-steamy 900-number lines. That pushed the $300 million company into bankruptcy, leaving more than $100 million in unpaid claims and shareholders with worthless stock.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.