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Thread: Primus in creditor protection as it completes sale to U.S. bidder

  1. #1
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    Primus in creditor protection as it completes sale to U.S. bidder

    http://www.cbc.ca/beta/news/business...sale-1.3413726

    Primus, a phone, long-distance and internet reseller with more than 225,000 Canadian customers, is in creditor protection as it negotiates sale of its assets to a U.S. telecom firm.

    Primus has been seeking a buyer since August as debt mounted and it became unable to pay its bills.

    On Tuesday it was granted creditor protection, saying it needed time to restructure and complete negotiations to sell its assets to Birch Communications Inc., based in Atlanta.

    Primus is to continue operating as usual while it restructures. It has until Feb. 18 to complete the deal.

    Primus employs 502 people in Canada and 28 in the U.S.

    Primus also has their own network in limited areas

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    Primus has their own network of what? Terrestrial internet? Wireless? Last I knew, they were a Rogers reseller using the Cityfone plans.
    Asus ROG Phone -- SIM 1: Rogers (10GB + unlimited) -- SIM 2: Public Mobile (talk/text/250 MB)

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