FINANCIAL AND STRATEGIC RESTRUCTURING ADVISORY INC

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                    [ArticleID] => 255839
                    [Title] => Capwire trims losses to P20M, expects to be back in the black this yr
                    [Summary] => Capwire Telecommunications expects to trim down its losses from P100 million in the last fiscal year, to P20 million for the current fiscal year, a top company official said.


Capwire president Epitacio Marquez told The STAR that the company also expects to be in the black by the new fiscal year starting June 1, 2004, mainly due to increasing profits from data services, which now account for about 35 percent of revenues compared to about 30 percent last year.


                    [DatePublished] => 2004-06-30 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                    [ArticleID] => 255707
                    [Title] => Capwire seeks more time to settle P730-M loans; 3rd party adviser eyed
                    [Summary] => Capwire Telecommunications is asking its creditors to give it  more time to pay the interest and principal  on about P730 million in loans, following external events that adversely affected the company’s profitability. 


Capwire senior vice president and chief finance officer Joel Aguilar told The STAR that they are preparing a new business and financial restructuring plan that will reflect the change in assumptions brought about by the Sept. 11 tragedy in the US and the access charge problem with the US last year. 


                    [DatePublished] => 2004-06-29 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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Capwire trims losses to P20M, expects to be back in the black this yr

June 30, 2004 - 12:00am

Capwire Telecommunications expects to trim down its losses from P100 million in the last fiscal year, to P20 million for the current fiscal year, a top company official said. Capwire president Epitacio Marquez told...

Business

Capwire seeks more time to settle P730-M loans; 3rd party adviser eyed

June 29, 2004 - 12:00am

Capwire Telecommunications is asking its creditors to give it more time to pay the interest and principal on about P730 million in loans, following external events that adversely affected the company’s profitability....

Business