Case Study

Rural Telecommunications

Provider of rural telecommunications including terrestrial, cellular, and undersea cable.


$150 million


Rural Telecommunications

Services Provided

Turnaround & Business Restructuring, Capital Sourcing


U.S. Government agency funded build-out of rural telecommunication operator for five island operations. Delays in build-out result in less than expected revenues and inability to service governmental loans of $120 million and bond debt of $180 million. Multiple budgets and projections were significantly inaccurate, and debtholders had lost confidence in management team provide accurate cash flow forecasts and timely/accurate period-to-period financial statements.


  • Successfully worked through detailed restructuring process involving negotiations with departments of Agriculture and Justice to a reach a global settlement, allowing management runway to complete a refinancing/sale of the business.
  • Assisted with working capital management including 13-week rolling cash flow forecasts and development of detailed financial budget projections including buildup of historical financial and operational detail to support analytics needed for prospective capital sources.
  • Assisted managed with building out a detailed budget model and operating forecast to support sales growth and cost structure containment, supporting a 5-year strategic plan.
  • Sourced investor capital options for joint venture and completion of network buildout.