United Pan-Europe Communications, the largest cable television company in Europe, has taken a step closer to emerging from bankruptcy after the Dutch attorney general advised the supreme court to reject a creditor appeal blocking the move.
This has now been dismissed and UPC is confident that normal service can be resumed, particularly as the supreme court tends to heed the recommendations of the attorney general.
UPC is indirectly controlled by John Malone’s Liberty Media but was forced into bankruptcy protection last year after running up debts of Â10.4 billion (see UPC Files For Bankruptcy).