Speedcast Files Plan of Reorganization and Disclosure Statement Outlining Clear Path to Emergence from Chapter 11
October 10 2020
Terms include a $500 Million equity investment and a reduction in secured debt of $634 million
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Press Release
Speedcast Executes New Bandwidth Agreement with Intelsat
Contract with leading satellite operator provides access to Intelsat’s global integrated network
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Speedcast Extends Colombian Rural High-Speed Internet with Hughes
September 01 2020
Speedcast Receives US$395 Million Equity Commitment from Centerbridge Partners to Complete Recapitalization
August 13 2020
Proposed Plan of Reorganization Has Support of Centerbridge and Official Committee of Unsecured Creditors
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Commitment for Up To $90 Million in Debtor-in-Possession Financing Supports Operations in the Normal Course; Company Fully Expects to Honor Customer and Employee Commitments Worldwide
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Speedcast Launches Global Standardized SD-WAN Solution
March 06 2020
Innovative SD-WAN Solution Seamlessly Blends VSAT, LTE, Wireless, and Fiber Technologies into a Single Communication Channel
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Global connectivity Speedcast provider innovates in the face of coronavirus pandemic to manage fully remote technology upgrade implementations for clients.
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By making the investment into digital transformation, producers can benefit from improved ROI as well as crew wellbeing and safety. Full coverage solutions such as Speedcast’s IoT, ML and data analytics offers just this; constant and reliable automated responses to ease crew responsibility, minimise error margins and reduce payouts.
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The maritime industry faces a multitude of challenges to operate efficiently, safely and with complete optimization of operations. Over the years, satellite connectivity has been a key driving force behind the maturation of the shipping industry, today demonstrating how effective digitization can transform onboard operations to benefit overall business performance.
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