Canada's Microcell Emerges from Chapter 11, Eliminates C$1.6 Billion in Debt

Microcell Telecommunications, a Canadian wireless service provider, completed the bankruptcy reorganization process, reducing its total debt obligations by approximately C$1.6 billion and its annual interest obligations by a range of C$160 million to C$200 million. The company emerges with approximately C$125 million in cash and C$25 million in credit. Microcell operates a GSM network and serves one million customers across Canada.
http://www.microcell.ca