Trans National Communications International (TNCI), the telecom unit of the Trans National Group of companies, filed for Chapter 11 protection on Sunday.
Founded by Boston businessman Steve Belkin, who was also an owner of the NBA's Atlanta Hawks until last year, TNCI is best known in the telecom world as a competitive provider of data, local and long-distance voice, and managed router services.
TNCI's creditors represent a who's who of North America's largest service providers, a list that includes AT&T (NYSE: T), CenturyLink (NYSE: CTL), Sprint (NYSE: S) and Verizon (NYSE: VZ).
According to the bankruptcy filing obtained by the Boston Business Journal, TNCI owes AT&T $1.66 million, CenturyLink $1.9 million, Sprint $5.04 million, and Verizon $1 million.
Harold B. Murphy of Boston-based Murphy & King is representing TNCI in its Chapter 11 filing.
For more:
- Boston Business Journal has this article
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* Correction: We mistakenly wrote this as TNS when the right company name is Trans National Communications International (TNCI).