Finetwork Buys Time to Get Ahead with the Creditor Contest

Merca2.es

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Finetwork played his cards and has stopped a possible direct judicial intervention in the face of his insolvency situation by presenting payment problems to his wholesale fiber and mobile provider, Vodafone, who requested mediation from the National Market and Competition Commission (CNMC), which included cutting off the service to 1.3 million OMV customers and put the case in the hands of the Commercial Court of Alicante. Almost in parallel, Fi…

Business Insider (Germany)

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Insolvency proceedings are now under way against Christoph Gröner's former roof holding. In the summer of 2024, he had converted his real estate empire.

economiadigital.es

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Finetwork, the operator of Alicante origin, has requested the preconcurso of creditors after the National Commission of the Markets and the Competition (CNMC) has given the reason to Vodafone Spain, forcing to pay the debt for the services of access to mobile and fixed that serves it the British entity. They have already initiated legal and administrative actions. Read more: Vodafone Spain sues Finetwork for multimillion dollar defaults The comp…

DPL News

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Five days Finetwork has requested the court number 1 of Alicante “the communication of opening negotiations” with the creditors after recognizing their current or imminent insolvency situation. This legal process enables the Alicante company to open a period of negotiations with Vodafone Spain and with other companies with which they maintain outstanding payments, in order to reach an agreement with the potential victims and avoid the direct jud…