The Channel logo

back to article Azzurri backers write off MILLIONS in debts - AGAIN

Investment banks backing voice and data comms biz Azzurri have agreed to write off three quarters - £78m - of debts owed to them by the integrator in a bid to clean up its balance sheet and gear up for expansion. This leaves Azzurri owing £45m (£25m interest bearing) to the seven-strong financial syndicate, which includes …


This topic is closed for new posts.

can I have creditors like this too?

Suspect this is not so much a cleaned up balance sheet to expand, but one to better sell....

This topic is closed for new posts.



Frank Jennings

What do you do? Use manual typwriters or live in a Scottish croft? Our man advises
A rusty petrol pump at an abandoned gas station. Pic by Silvia B. Jakiello via shutterstock

Trevor Pott

Among other things, Active Directory needs an overhaul
Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella


League of gentlemen poster - Tubbs and Edward at the local shop. Copyright BBC
One reselling man tells his tale of woe