Bankrupt Fiber Optic Cable Manufacturer
WASHINGTON, May 30, 2025 – Telecom engineering and construction firm Tilson filed for Chapter 11 bankruptcy protection Thursday, citing financial distress triggered by the abrupt cancellation of major contracts with Gigapower, a joint venture between AT&T and BlackRock. Many of these companies are dealing with the same financial problems that retailers, restaurants, manufacturers, and service providers are suffering from, including rising costs of labor. Tilson, which was constructing a fiber optic network for Blackrock and AT&T's fiber company called Gigapower, filed for. A leading provider of solutions for wireless, cable and fixed broadband networks seeks bankruptcy court approvals to sell all of its assets.
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