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Telecom analytics provider Mobileum has filed for Chapter 11 bankruptcy in the Southern District of Texas. The company, which is embroiled in legal disputes among its private equity owners, aims to cut more than $529 million in debt through a restructuring support agreement. Mobileum's bankruptcy plan, supported by a majority of its creditors, seeks to exit bankruptcy within 60 days and transfer control of the company to its lenders. The filing follows allegations that the company overstated its profits when marketing itself for sale amid PE owners' legal battle.
Telecom service provider Mobileum’s proposed bankruptcy deal, which would cut the majority of its debt and turn over control of the company to its lenders, has the support of a majority of its lenders, the company said https://t.co/x2W1AiQAYs https://t.co/rKuroKOp8I
Telecom company Mobileum files bankruptcy amid lawsuits between its private-equity owners https://t.co/IITqIk9cKk
Telecom services provider Mobileum filed for bankruptcy in Texas, seeking to cut $529 million in debt while its private equity owners battle over allegations that the company overstated its profits when marketing itself for sale @DietrichKnauth https://t.co/NqSbk57voi https://t.co/VNx7i7fWzP
