AT&T Latin America filed for Chapter 11 bankruptcy protection and released preliminary numbers regarding its first quarter performance. The company generated revenue of approximately $39 million in the first quarter. For Q1, AT&T Latin America expects to generate an EBITDA margin (before restructuring charges) of 8-12%, an improvement over the company's Q4 performance, and $4-6 million above the company's Q1 forecast. ATTL also confirmed that it is continuing to pursue a potential new owner or investor for the company. It does not anticipate the timing of the sale to be affected by the Chapter 11 filing.
http://www.attla.com
- AT&T Latin America is a facilities-based provider of integrated business communications services in five countries: Argentina, Brazil, Chile, Colombia and Peru.
