Cable & Telecom

Cygnal’s reorganization gets creditor approval

Cygnal’s reorganization gets creditor approval MARKHAM – Cable and telecom supplier Cygnal Technologies Corporation announced Friday that Cygnal and Accord Communications Ltd. have obtained approval from creditors for their joint plan of arrangement and reorganization dated January 29, 2008. The approval came during meetings held earlier Friday with affected creditors of Cygnal. Under with the Companies’ Creditors Arrangement Act (CCAA), approval had to be accepted by not less than a majority of creditors representing two-thirds of the value of the claims in that creditor class, voting at the applicable creditor meeting. At the creditor meetings, the required majority of each...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.