Tagged PTGI

DG Capital Follows Falcone’s Lead on PTGI

(Market Cap $49M)      January 14, 2014   PTGi Holding, Inc. 460 Herndon Parkway Suite 150 Herndon, VA  20170 Attention:  Board of Directors   Gentlemen:   As of the date hereof, DG Capital Management, LLC owns 1,028,591 shares of the common stock of PTGi Holding, Inc. (the “Company”), which makes us one of the three largest shareholders…

Another Special Dividend From PTGi on its Way

(Market Cap $167 million) Primus Telecommunications Group, Incorporated has completed the initial closing of its previously announced sale of its North American retail telecommunications operations in the United States and Canada to affiliates of York Capital Management. The initial transaction generated gross proceeds prior to transaction expenses of $126 million. $15.25 million of the gross…

Primus Telecom: The Gift That Keeps on Giving

Primus Telecommunications Group, Incorporated has completed the exchange of $79,702,709 aggregate principal amount of its 10.00% Senior Secured Notes due 2017 for $86,875,955 aggregate principal amount of its newly-issued 10.00% Senior Secured Exchange Notes due 2017, together with accrued but unpaid interest on the exchanged 10% Notes for the period from October 15, 2012 to…

Primus Telecom Selling Division – Proforma Valuation

Primus Telecommunications Group, which emerged from Chapter 11 in July 2009 (http://specialsituationsmonitor.com/wp-content/uploads/PMUG-Report1.pdf) announced this morning that it it has entered into a definitive agreement to sell its Australian operations to M2 Telecommunications Group Ltd (M2) for approximately $AUD 192.4 million, or approximately $US 200 million. This sale is a result of a strategic review initiated in October…

Primus Telecom Hires I/Bank for Strategic Review

(Primus has a market cap of $138 mm and and an EV of $326 mm; see earlier alerts published between  7/15/11 and 10/4/10)  MCLEAN, VA–(Marketwire -10/04/11)- Primus Telecommunications Group, Incorporated (PTGi) (NYSE: PTGI – News), a global facilities-based integrated provider of advanced telecommunications products and services, announced today that a special committee of its Board of…

Primus Telecom Completes Debt Overhaul

PTGi Announces Expiration and Results of Private Exchange Offers and Consent Solicitation Relating to 13.00% Notes Due 2016 and 14.25%Notes Due 2013 MCLEAN, VA, Jul 05, 2011 (MARKETWIRE via COMTEX) — Primus Telecommunications Group, Incorporated (NYSE: PTGI) (“PTGi” or the “Company”), a global facilities-based integrated provider of advanced Telecommunications products and services, announced today the…

Shareholders Approve Primus-Arbinet Merger

MCLEAN, VA — (MARKET WIRE) — 02/25/11 — Primus Telecommunications Group, Incorporated (PMUG:$15.45,00$0.20,001.31%) , a global facilities-based integrated provider of advanced telecommunications products and services, announced the results of its special meeting of stockholders held earlier today. Primus’ stockholders voted to approve the issuance of shares of Primus common stock in connection with the company’s…

Post Reorg Primus Announces Debt Restructuring

(See our earlier posts on Primus dated 1/14/11, 1/7/11, 12/8/10, 11/11/10, 10/21/10, 10/13/10 and 10/4/10). Note: If this exchange is successful, annual savings for Primus could amount to $8 mm or $0.82/share (prior to the closing of the pending Arbinet acquisition). ========================================================== MCLEAN, VA – February 9, 2011 – Primus Telecommunications Group, Incorporated (OTCBB: PMUG) (“Primus”),…

Primus-Arbinet Deal to be Put to Vote

  MCLEAN, VA and HERNDON, VA–(Marketwire – 01/14/11) – Primus Telecommunications Group, Incorporated (OTC.BB:PMUG – News), a global facilities-based integrated provider of advanced telecommunications products and services, and Arbinet Corporation (NASDAQ:ARBX – News), a leading provider of telecommunications services to fixed and mobile operators, announced today that their respective boards of directors have scheduled special…

Post Reorg Primus Telecom New CEO Interview

Washington Post: Restructuring expertise opens many doors Sunday, December 5, 2010; 6:07 PM Peter D. Aquino Position: Chairman and chief executive of Primus Telecommunications, a voice and data services provider based in McLean. Career highlights: Chief executive, RCN; independent telecommunications restructuring adviser, chief operating officer and adviser, Veninfotel of Venezuela. Age: 49 Education: BS, finance,…

Post-Reorg Primus to Acquire Arbinet; Sell Non-core Assets

Primus Telecommunications Group, Incorporated (OTC.BB:PMUG) has entered into a definitive merger agreement to acquire Arbinet Corporation (NASDAQ:ARBX), a provider of wholesale telecom exchange services to carriers, for $28 million in an all-stock transaction. The Boards of Directors of both companies have approved the merger, which is subject to regulatory approvals, the approval of the stockholders…

Primus Telecom – A Blast from the Present

Hat Tip to the Board of Directors who have taken the right steps to create value…========================================================================================== (Report Dated July 21, 2009) Anyone remember post-bankruptcy stocks? Here is one fresh off the press with a potential for 100%-200% return. Primus Telecom emerged from a prepackaged bankruptcy on July 1, 2009. During reorganization, which lasted a mere…

ELNK-ITCD Transaction – Good Comp for Primus Telecom

ATLANTA, GA and HUNTSVILLE, AL – October 1, 2010 — EarthLink, Inc. (NASDAQ: ELNK), one of the nation’s leading Internet service providers, and ITC^DeltaCom, Inc. (OTC: ITCD.OB), a leading provider of integrated communications services to customers in the southeastern United States, today announced a definitive merger agreement under which EarthLink will acquire ITC^DeltaCom (Deltacom) for…