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Monday, 27 April 2020 10:08

Speedcast files for bankruptcy

Satellite communications company Speedcast has filed for bankruptcy under chapter 11 of the United States Bankruptcy Code, citing the global COVID-19 pandemic and impact this has had upon Speedcast’s cruise line customers. These dynamics made it impossible for Speedcast to complete its planned equity raise – or any recapitalisation transaction – outside of the Court-supervised chapter 11 process.

Monday, 30 March 2020 09:37

OneWeb files for bankruptcy

Satellite communications start-up OneWeb has filed for bankruptcy after failing to secure funding it had been negotiating since the beginning of the year.

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