FX Networks mulls options to rein in short-term debt, IPO on the horizon

Thu, 28 Nov 2013

By Paul McBeth Nov. 28 (BusinessDesk) – FX Networks, the privately-held telecommunications network operator, is mulling its options to rein in the amount of short-term debt on its books which has been hampering its bottom-line in recent years and is still working towards an initial public offering. The Wellington-based company is looking at ways to either restructure its debt or bring in new equity as it struggles with a debt burden from finance leases on cable sections in the South Island and CISCO equipment in the network, which was sittin...

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