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Published on 8/6/2009 in the Prospect News Convertibles Daily.

FiberTower repurchases $70.9 million of its debt for $30.9 million

By Devika Patel

Knoxville, Tenn., Aug. 6 - FiberTower Corp. said it bought back $70.9 million of its debt for $30.9 million, an average price of approximately 43, in the second quarter.

As of June 30, FiberTower's outstanding debt stood at $304.5 million.

San Francisco-based FiberTower is a provider of backhaul and access services to communications companies.


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