Telecom Asset Management Group LLC (TAM) has been retained by the Trustee of Pathnet Operating Inc. to sell strategic network assets via TAM’s private acquisition and disposition channel. Pathnet assets include dark fiber, conduit and related network electronics and are suitable for purchase by carriers, service providers, investment banks, private equity firms and telecom-intensive enterprises.
“We retained Telecom Asset Management Group on the Pathnet sale because of the team’s expertise in conducting telecom transactions and their deep understanding of the market for buying and selling strategic assets,” says H. Bradley Evans Jr., of Redmon, Peyton & Braswell LLP, who is overseeing the sale on behalf of creditors Cisco Systems Inc. and Nortel Networks. “TAM has proven its ability to maximize results and attract the right buyers in a discreet environment. We believe this sale is in the best interest of the creditors and shareholders.”
The private sale, which was approved by the U.S. Bankruptcy Court, will run through April 30, 2003, and can be accessed by visiting http://www.telecomassets.com.
“TAM is pleased to offer our global network of buyers the opportunity to purchase network capacity, rights of way and associated world-class network electronics they want through the Pathnet sale,” says Michael Scheele, managing partner of TAM.
