BFD shows belief in near-bankrupt NextWave

BFD Capital, the German private equity firm, is betting that NextWave, the US telecom group, will recover from near-bankrupcty, having agreed a rescue loan package that NextWave could repay in shares worth one-fifth of the company.

BFD Capital has agreed to lend $200m (€235.3m) over five years to NextWave Telecom to help finance deployment of the telecom company's wireless network in the US.

WSJ Logo
Bill Ackman’s Pro-Tennis Debut Lasted 67 MinutesExternal link

Bill Ackman’s Pro-Tennis Debut Lasted 67 Minutes