The restructuring plan would reduce Mitel’s debt by $1.15 billion, while resolving a dispute over a debt transaction that favored one group of creditors over another.

To execute the restructuring, Mitel will employ a prepackaged plan and file voluntary petitions seeking debt relief under Chapter 11 of the Bankruptcy Code. Historically, Chapter 11 restructuring ...

March 10 (Reuters) - Telecommunications company Mitel Networks Corp filed for Chapter 11 bankruptcy protection in Texas late Sunday, seeking to complete a restructuring that will eliminate $1.15 ...

Mitel formally filed for Chapter 11 bankruptcy protection Monday, citing "macroeconomic challenges" as the company hopes to maintain its position within the unified communications (UC) space.

Canada’s Mitel Networks has filed for bankruptcy in the US as the telecommunications firm continued to struggle after carrying out debt maneuvers about two years ago. The firm filed for Chapter ...

Telecommunications company Mitel Networks is preparing to file for Chapter 11 bankruptcy protection as soon as next week, according to people familiar with the situation. The closely held Canadian ...

This is a summary of a request from Mitel Networks to hire Paul Weiss Rifkind Wharton & Garrison as attorneys, filed March 14 with the U.S. Bankruptcy Court in Houston.

Operations outside the U.S., Canada and some business segments in the United Kingdom are not included in the bankruptcy filing, and its global operations should operate normally. Mitel says support ...

March 10, 2025 Telecom company Mitel files for bankruptcy to cut $1 bln in debt Telecommunications company Mitel Networks Corp filed for Chapter 11 bankruptcy protection in Texas late Sunday ...

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Canada’s Mitel Networks has filed for bankruptcy in the United States as the telecommunications firm continued to struggle after carrying out debt maneuvers about two years ago. The firm filed for ...