Fibre optic cables connected to telecommunications equipment in a network rack.

Credit: Kirill Sh on Unsplash

Brightspeed, a US fibre broadband provider owned by Apollo, is in talks with creditors to raise $2B to $3B of new money, Bloomberg reports. It has about $10B of debt, has warned about its survival, and may file for bankruptcy as soon as December.

Brightspeed, an Apollo-backed US fibre broadband provider, is in talks to raise $2B to $3B of new money from its creditors. That is according to Bloomberg , which cited people familiar with the matter on Friday. The amount, and whether the deal will go through a bankruptcy court, are still being worked out.

Brightspeed and Apollo declined to comment. The Wall Street Journal reported last week that the company could file for bankruptcy as soon as December, Light Reading reported .

Brightspeed has about $10B of debt and warned in September that it may not be able to continue as a going concern.…