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Ayala-led Globe Telecom Inc. has started the take-over process of cash strapped Bayan Telecommunications Inc. (Bayantel) of the Lopez Group as both companies agreed to seek the restructuring of a $423.3 million debt to prevent default.

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                    [AuthorName] => Lawrence Agcaoili
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GLOBE AND BAYAN TELECOMMUNICATIONS HOLDINGS CORP

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Ayala-led Globe Telecom Inc. has started the take-over process of cash strapped Bayan Telecommunications Inc. (Bayantel) of the Lopez Group as both companies agreed to seek the restructuring of a $423.3 million debt to prevent default.

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abtest

Rehab court asked to restructure Bayantel debt

By Lawrence Agcaoili | May 31, 2013 - 12:00am

Ayala-led Globe Telecom Inc. has started the take-over process of cash strapped Bayan Telecommunications Inc. (Bayantel) of the Lopez Group as both companies agreed to seek the restructuring of a $423.3 million debt...

Business