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Creditors Seize Netceed via Debt-to-Equity Swap

  • Writer: Paul Mangione
    Paul Mangione
  • Oct 22, 2025
  • 1 min read


October 23, 2025 - Creditors have moved from lender to owner of troubled European telecom supplier Netceed through a debt-to-equity conversion that gives creditors operational control. The deal includes a fresh liquidity injection of €70m (about $81.2m), part of a wider effort to stabilize the group’s finances.


Under the restructuring, multiple private credit holders agreed to forgive parts of outstanding borrowings in exchange for equity stakes.



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