Starry files for Chapter 11 bankruptcy [telecom]

By Monica Alleven

Starry might be down, but it’s not out. The company has filed for Chapter 11 bankruptcy protection and has every intention of coming out better on the other side.

CEO Chet Kanojia explained in a blog post that the company is doing what’s referred to as a “pre-arranged” restructuring, which generally means it’s working with lenders and other stakeholders to emerge healthier on the other side.

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