0
Video

Speedcast emerges from bankruptcy

Friday 12 March 2021 | 09:01 CET | News
Speedcast said it has successfully completed its restructuring process and emerged from bankruptcy under new owner Centerbridge Partners, a private investment firm with offices in New York City and London. Boosted by Centerbridge's USD 500 million investment in the company, Speedcast now has a clean balance sheet with no secured debt and a healthy cash balance.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Broadcast & Satellite
Companies: SpeedCast
Countries: United States
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Speedcast wins contract to provide connectivity to Mining Company Katanga

Published 31 Aug 2021 09:54 CET | Congo, The Democratic Republic of the
Speedcast International said it has been selected by Mining Company Katanga (MCK Sarl) for a three-year contract to deliver ...

Speedcast, HudsonCyber launch cyber-security platform for maritime companies

Published 10 Aug 2021 11:06 CET | World
Speedcast and HudsonCyber released Speedcast CyberInsights, a platform meant to protect companies from cyber-attacks and become ...

Speedcast awarded Colombia islands connectivity contract

Published 27 Apr 2021 11:12 CET | Colombia
Remote communications and IT services provider Speedcast International has secured a contract to design and install a satellite ...

Speedcast delivers enhanced comms services to Stena Drilling

Published 13 Apr 2021 12:14 CET | United Kingdom
Aberdeen-based drilling contractor Stena Drilling has signed a 5-year contract with Speedcast, communications and IT services ...

Eutelsat and Speedcast conduct Ku-band simulcast tests in Brazil

Published 31 Mar 2021 21:11 CET | Brazil
Satellite operator Eutelsat and communications service provider Speedcast have started tests in Brazil to simulate the migration ...

Speedcast connects Kinross Russia Far East mining project

Published 10 Feb 2021 11:24 CET | Russian Federation
Speedcast International has launched a high-capacity VSAT service for Udinsk Gold, a subsidiary of Canada-based Kinross Gold. The ...

Speedcast restructuring approved by US bankruptcy court

Published 25 Jan 2021 10:36 CET | United States
Speedcast said the US Bankruptcy Court for the Southern District of Texas has confirmed its plan to emerge from bankruptcy, ...

Speedcast launches new IoT platform

Published 11 Dec 2020 15:34 CET | World
Speedcast International has launched a new IoT platform designed to simplify connectivity, provisioning and device management ...

Speedcast sells Speedcast Managed Services to customer NBN Co

Published 30 Oct 2020 14:31 CET | Australia
Speedcast said it sold some of the functions of its Speedcast Managed Services to Australian government-owned infrastructure ...

Speedcast agrees debt-for-equity swap with main lenders

Published 12 Oct 2020 09:45 CET | United States
Speedcast has issued a plan for restructuring its debt and emerging from bankruptcy protection. If approved by creditors at a ...

Speedcast deploys Nokia industrial private LTE-4-9G products

Published 29 Sep 2020 10:30 CET | World
Speedcast International entered a long-term agreement with Nokia to deploy its industrial-grade private wireless products ...

Speedcast teams up with Hughes for Colombian rural internet rollout

Published 02 Sep 2020 11:20 CET | Colombia
Remote communications and IT services provider Speedcast International has been awarded a project to provide high-speed internet ...

Speedcast gets buy-out offers from largest creditors, CEO steps down

Published 01 Sep 2020 09:28 CET | United States
Speedcast International has received proposals from two of its largest lenders to recapitalise the group and possibly take the ...

Speedcast executes new bandwidth agreement with Intelsat

Published 29 Jul 2020 09:39 CET | World
Speedcast International signed a new contract with Intelsat. Under the new multi-year contract, Speedcast will leverage ...

Speedcast files for Chapter 11 protection

Published 23 Apr 2020 13:15 CET | United States
Speedcast International has filed for Chapter 11 bankruptcy protection in the US while it undergoes a debt restructuring. The ...

DXN signs contract for Speedcast Mozambican cable landing station

Published 15 Apr 2020 12:53 CET | Mozambique
Data centre services provider DXN and communications services provider Speedcast have signed a deal valued at USD 1.2 million to ...

Speedcast secures Mexican mobile backhaul contract

Published 29 Jan 2020 10:05 CET | Mexico
Remote communications and IT services provider Speedcast International has been awarded a contract to provide cellular backhaul ...

Speedcast, Blue Arcus to power LTE infra for Norfolk Island Telecom

Published 08 Jan 2020 11:21 CET | Australia
Speedcast has won a USD 3 million project to modernize the network infrastructure of Norfolk Island Telecom in Australia. ...

Speedcast delivers connectivity to mining site in Western Australia for iron ore producer

Published 12 Dec 2019 13:00 CET | Australia
Speedcast International said it completed installation and commissioning of connectivity services for an iron ore producer in ...





Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Crown Castle Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Elisa Q4 2021
27 Jan Comcast Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
28 Jan Charter Communications Q4
::: More Calendar Items