Intelsat files for Chapter 11 bankruptcy – Satellite News Digest

Intelsat has filed for Chapter 11 bankruptcy protection in the U.S. in order to restructure its debt. The company said it needs to free up cash in order to start on clearing its C band spectrum in the U.S. for 5G and qualify for the associated transition payments.

http://www.sat-nd.com/archive/?id=2020051403

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