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Intelsat, launcher of 1st commercial communications satellite, files for bankruptcy… it’s a friend we didn’t know we had
Born in the Cold War, powered by rivalry and unhindered by free-market restrictions, Intelsat linked the planet with its satellites – but hardly anyone knew about it. Now, it struggles to stay afloat. Read Full Article at RT.com
Intelsat (I) Files for Bankruptcy, Aims to Emerge Stronger
Intelsat (I) expects the Chapter 11 bankruptcy protection funding to help it stay afloat until billions of dollars are made available through public auctioning of its C-band spectrum later this year.
Satellite operator Intelsat files for Chapter 11 bankruptcy
Satellite operator Intelsat, which launched the world's first communications satellite in 1965, filed for Chapter 11 bankruptcy Wednesday (May 13) in order to ease some debt and join an FCC spectrum clearing program.
Why satellite communications company Intelsat filed for bankruptcy
Satellite commuications operator Intelsat went bankrupt as part of strategy to collect billions for its 5G airwave licenses.
Intelsat Files for Chapter 11 Bankruptcy Protection - Via Satellite -
Intelsat and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Wednesday in the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division. Intelsat said the restructuring process is intended for its liquidity, and expects the proceedings to result in a substantial reduction of
World's largest satellite operator files for bankruptcy - TechCentral
Intelsat filed for bankruptcy and said it had obtained $1-billion in new financing that will allow it to keep the satellite service in business while it awaits billions of dollars in proceeds from a spectrum auction.
Intelsat Files for Bankruptcy Ahead of Spectrum Auction
Satellite operator Intelsat filed for bankruptcy protection after falling short of the cash it needed to make airwaves available to be sold to wireless operators in a coming government auction.
Intelsat files for Chapter 11 bankruptcy
Satellite operator Intelsat SA said late on Wednesday that it filed for Chapter 11 bankruptcy protection, making it the latest casualty of severe business disruptions caused by the COVID-19 pandemic.The company said it had obtained $1 billion in debtor-in-possession financing.
Intelsat Undertakes Financial Restructuring to Pave the Way for Future Innovation and Growth
MCLEAN, Va.--(BUSINESS WIRE)--Intelsat today announced that it has undertaken a financial restructuring to position the Company for long-term success.
Intelsat and Andesat bring Mobile Broadband to Rural Communities in Perú
CORAL GABLES, Fla. & LIMA, Perú--(BUSINESS WIRE)--Intelsat (NYSE: I) and Andesat are partnering to bring end-to-end mobile broadband (3G) service to remote communities across Perú. The two companies have developed a new model that will quickly and efficiently bring life-changing 3G access to 154 rural Peruvian communities in 2020, and as many as 400 remote sites in Perú over the next 18 months. "It will help us solve many things, being aware of diseases, access to knowledge. We no longer feel l
Is Intelsat (NYSE: I) Flying Too High?
The Intelsat (NYSE: I) stock spiked 105% this year. Is the stock overhyped?
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