NorthPoint Communications said process to sell company began Tues...
NorthPoint Communications said process to sell company began Tues. with receipt of first bids. Auction is planned March 20 with winning bid presented to bankruptcy court March 21. NorthPoint said it’s in quiet period and couldn’t disclose information about…
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bids or bidders. Liz Fetter, CEO of data CLEC, said management hoped to sell company as whole “but we can not speculate on the outcome of this structured sale process.”