https://www.live-feeds.com/feed/exclusive-optimum-communications-prepares-for-bankruptcy-to-implement-dealContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/exclusive-optimum-communications-prepares-for-bankruptcy-to-implement-dealhttps://www.live-feeds.com/feed/exclusive-optimum-communications-prepares-for-bankruptcy-to-implement-deal#u155544Mon, 26 Oct 2026 08:21:02 +0000Optimum Communications is preparing to file for bankruptcy to implement a restructuring deal that will hand control of the company to its lenders. The debt-plagued internet service provider is struggling with over $21 billion in debt and has lost over half of all its television customers. The restructuring agreement aims to resolve ongoing litigation and effectively transfer ownership of the major cable television provider to its creditors.Why it mattersThe company faces severe financial distress driven by massive debt accumulation and declining subscriber counts. Creditors are positioning to