AT&T Canada has received approvals from the Ontario Superior Court of Justice and the U.S. Bankruptcy Court for its financial restructuring plan. AT&T Canada now hopes to emerge from bankruptcy protection on 01-April-03 as an independent company, with positive cash flow and net income, and no long-term debt.
http://www.attcanada.com
- In January, AT&T Canada announced new commercial agreements with AT&T Corp. defining how the companies will serve customers as AT&T Canada transitions to a fully independent and re-branded company. AT&T Canada will launch a new brand name by September 9, 2003. The deal also enables AT&T Canada and AT&T Corp. to continue working together on a non-exclusive basis, maintains network ties between the two companies, recognizes AT&T Corp.’s ability to serve Canadian customers directly (including by competing with AT&T Canada), and provides AT&T Canada the ability to forge additional supplier relationships.
- AT&T Canada provides a full range of integrated services over its 18,700 route kilometers of local and long haul fiber.