Mobileum emerges from financial restructuring process-August 2024-www.financetom.com

Mobileum emerges from financial restructuring process

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Mobileum emerges from financial restructuring process

Sep 13, 2024 7:22 AM

Sept 12 (Reuters) - U.S. telecom services provider

Mobileum said on Thursday it had emerged from the Chapter 11

bankruptcy process, and secured $60 million of new financing to

fund its bankruptcy process, with $100 million of financing for

prepetition debt.

The company said it has eliminated approximately $530

million in prepetition debt.

The telecom services provider filed for bankruptcy in July

this year.

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