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Creditors to Tele Columbus AG are banding together as the struggling German internet service provider braces for debt talks.
A creditor committee now controls about 70% of Tele Columbus AG's bonds and loans.
KEY POINTS
- The five-fund group signed a cooperation agreement to unify their negotiating stance.
- The creditor group is inviting other Tele Columbus creditors to join their cooperation pact.
- Tele Columbus AG is preparing for debt negotiations as financial pressures intensify.
COMPANIES
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