Strategic Turnaround sells shares of FiberNet

By Lisa Kerner

Charlotte, N.C., Feb. 22 - FiberNet Telecom Group, Inc. investors led by Strategic Turnaround Equity Partners, LP (Cayman) sold 79,191 shares of the company's stock following a series of buy and sell transactions between Oct. 8 and Dec. 5.

The shares were priced from $7.73 and $8.30, according to a schedule 13D filing with the Securities and Exchange Commission.

The investors beneficially own 368,939 shares, or 4.83%, of the company's outstanding stock.

New York-based FiberNet provides interconnection services enabling the exchange of voice, video and data traffic between networks.

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