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Hawaiian Telcom bankruptcy plan confirmed
Nov 16 (Reuters) - A U.S. bankruptcy court has confirmed a reorganization plan filed by Hawaiian Telcom Communications Inc which would cut the phone company's debt to $300 million from $1.15 billion.
The U.S. bankruptcy court in Honolulu confirmed the reorganization plan on Friday, the Honolulu-based company said in a statement.
Hawaiian Telcom filed for bankruptcy protection last December, amid growing pressure from mobile phones and competition from cable and Internet providers.
The company was one of many smaller U.S. phone service providers to struggle with consumers switching to mobile phones and cheaper phone services from cable and Internet companies.
The case is In re Hawaiian Telcom Communications Inc, U.S. Bankruptcy Court, District of Hawaii, No. 08-02005. (Reporting by Santosh Nadgir in Bangalore, editing by Gerald E. McCormick)
