The Dutch cable company United Pan-Europe Communications could file for bankruptcy protection.
Company is threatened with debt moratorium if it won’t be able to finish debt restructuring successfully.
If bankruptcy proceedings begin the company will have to forge ahead with its proposed rescue plan.
The company has to start financial restructuring in Versatel (last month it was agreed to swap $5.4bn debt for equities), in Telewest with its £5.3bn debt.
Analysts predict Mr. Malone will try to tie up his cable interests in Europe.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year