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Apollo-backed Brightspeed seeks up to $3B from creditors for fibre — Blankdot

thenextweb.com7 hours ago

Apollo-backed Brightspeed seeks up to $3B from creditors for fibre

Apollo-backed Brightspeed seeks up to $3B from creditors for fibre

Brightspeed, a US fibre broadband provider owned by Apollo, is in talks with creditors to raise $2B to $3B of new money, Bloomberg reports. It has about $10B of debt, has warned about its survival, and may file for bankruptcy as soon as December. Brightspeed, an Apollo-backed US fibre broadband…

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