Bad news is making Tony Lomas busy. A partner in PricewaterhouseCoopers’ business recovery services group, he’s deep in complex and tense negotiations, acting as administrator for Enron Europe and as an adviser to bank creditors of NTL.
Lomas is not entirely comfortable with the high profile such work brings. Meeting Euromoney on the day when details of NTL’s supposed resolution of its debt restructuring through an equity swap with bondholders is headline news, he quietly points out that no agreement has yet been reached between NTL and its banks.
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