https://www.fiercetelecom.com/broadband/windstream-blows-past-fcc-foreign-ownership-rule-end-bankruptcy-saga
For the LR5 that is. 'File' for Chapter 11 after 'losing' a legal battle with New York hedge fund Aurelius Capital Management over whether the company had defaulted on bonds.
Loud laughing
'As part of restructuring, Windstream negotiated a proposal with hedge fund manager Elliott International and other investors to buy most of the company’s equity out of bankruptcy, while also removing a large chunk of its debt. In the end Windstream was able to shed more than $4 billion in debt and gain approximately $2 billion in hand to fuel new growth as a privately held company.'
And the same clowns basically were running the show - THE LR5! And now foreign ownership. And I bet TT and most of his buddies get to somehow stay in charge?
Perfect! What could go wrong?
Things couldn't have worked out more perfectly for them.