Quote:
Originally Posted by BenMcr
I suppose it all depends what you class as 'going under'
The only reason ntl/telwest persuade the creditors to let them go on was due the physical assets they had. If they had been another company they may not have been so lucky
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Going under I class as going out of business and the workforce of that company being laid off, and the administrators styripping the company and trying to recoup some money for the creditors.
For example Rover, now that went under.
Granted the only thing that saved ntl was that they could enter into chapter 11, which protects a company from insolvency.
I worked for ntl through that time.
All of the cable companies in the 90's still exist and never went under.