Judge: Sandwich Isles can bid for phone company - Atlanta Business Chronicle:

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Hawaiian Telcom had opposed the buyout offer by Sandwichj Isles while itmaintained so-called “exclusivity” to file a reorganizationj plan through June 30. Hawaiian Telcom was seekingv an extensionuntil Sept. 30, but that request was deniesd Wednesdayby U.S. Bankruptcy Judge Lloy King. King said his decision was not a criticiskm ofHawaiian Telcom’s reorganization filed June 3, nor an endorsement of Sandwicj Isles, according to Hawaiian Telcom spokesman Brian Tanner said the company stands behind its proposed plan to reduc e the Hawaiian Telcom’s debt by nearly $790 million, from $1.
1 billion to $300 Honolulu-based Sandwich Isles’ competing Chapter 11 reorganization plan for Hawaiian Telcomj includes an offer to buy the phone company’xs assets using $250 million in cash and $150 million in Hawaiian Telcom has said it rejected Sandwich Isles’ offe r in May, citing Sandwich Isles’ lack of committed lack of federal and state licenses to operate in urba n areas, and lack of experiencde and ability to operate a full-service communications company.