Hawaiian Telcom To Petition PUC for Black Diamond's Increased Stake
Hawaiian Telcom agreed with Black Diamond Capital Management to back the investment firm's petition to the state's Public Utilities Commission to increase its ownership of the telco's stock to as much as 31.5 percent from 23 percent, the telecom firm…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
said in a Thursday news release. It said that as part of the deal, which includes the investment firm's getting a representative on the telco's board (see 1602260042), Black Diamond agreed to standstill and support commitments for a three-year term.