AI Frenzy Fuels Wild Turnaround in Telecoms Debt
Frontier Communications Parent headquarters in Dallas
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Welcome to The Brink. It’s Jill Shah and Reshmi Basu, reporters in New York, where we’ve been covering the shrinking distressed debt pile in telecommunications. We’ve also been looking at looming maturities for Altice France, trouble at battery maker Northvolt and the latest at Euram. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @jillrshah.
The AI frenzy is driving a sharp turnaround in the debt of telecommunications companies, helping to cut the amount of distressed debt by $18 billion since the end of August.