UK ISP Spring Fibre set for administration after investors back out
Debts have risen to around £11m
News - bankruptcy
The latest news from the data center, telco, and cloud sector
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UK construction firm ISG collapses
CEO Price blames "legacy issues" and "large loss-making contracts" from 2018-2020 - including data centers
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CDN provider Edgio files for bankruptcy
Company looks to sell assets
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EchoStar reports big Q1 losses as bankruptcy fears grow
Subscription revenues dip across the business
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Casa Systems to sell 5G Core, RAN assets, and cable business as company files for Chapter 11
Lumine Group agrees to snap up 5G Core and RAN assets, while Vecima Networks is poised to get cable business
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Airspan files for Chapter 11 bankruptcy, issues restructuring plan
The company will go private after reaching a restructuring deal
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UK data center contractor AC plc files for administration
Company worked on data center projects across Europe
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Cyxtera receives six letters of intent to acquire company
Buyer should be confirmed by September
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Cyxtera gets $50m lifeline, reaches new agreement with debtors, is forced to seek sale or new investment
Find a buyer or file Chapter 11 and transfer ownership, lenders decree
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INAP files for bankruptcy for second time since 2020
Company says filing will allow it to restructure to a 'standalone cloud business'
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Crypto firm Lake Parime calls in administrators, sold to Statar Mining
Another victim of the crypto winter
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Argo Blockchain accidentally publishes draft bankruptcy documents, admits it's running out of cash
Another cryptofirm staring at the abyss
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Cryptomining data center firm Core Scientific facing bankruptcy
Company won't pay debts in October & November, could run out of cash by year-end
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Marathon has $31m invested in bankrupt Compute North
The Bitcoin miner had invested heavily in the bankrupt data center provider
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Lawsuits fly between defunct FEL Group and CityFibre
FEL wants paying for work it did for fiber company, CityFibre says results were so bad containers had to be scrapped
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UK data center cooling firm FEL Group enters administration
Company goes under after “protracted negotiations” over a key contract
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Redcentric buys remaining Sungard UK data centers from bankrupt business
Price between £11m and £22m, alongside £4.2m for the consulting business
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Talen Energy subsidiary files for bankruptcy, company still plans nuclear data center
Company says Cumulus nuclear data center project unaffected by 'restructuring'
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Sungard files for second US bankruptcy in three years
After UK division enters administration
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IoT startup Sigfox files for insolvency
Slow adoption and Covid-19 supply chain issues impacting company
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GTT Communications to file for bankruptcy
Company will file for pre-packaged chapter 11 bankruptcy after it sells infrastructure business to I Squared
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INAP files for bankruptcy, along with US subsidiaries
Somehow, this bankruptcy is being seen as a good thing
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Sungard AS completes bankruptcy restructuring in record time, appoints new CEO
The company's creditors will now take over the business
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Sungard Availability Services to file for bankruptcy, plans restructure
As it tries to deal with $1.3bn in debt
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Windstream files for Chapter 11 bankruptcy protection
The management is attempting to save the business with $1 billion from Citigroup
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DDN attempts to buy struggling competitor Tintri
A year after the company went public on Nasdaq
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Violin Memory is rescued by a Soros investment fund
Flash array vendor lives to fight another day