Speedcast is set to emerge from Chapter 11 with a new USD $500 million equity investment from Centerbridge. The funding will be used in part to repay all of its USD $285 million debtor-in-possession financing, as well as a permanent reduction of all of the USD $634 million senior secured debt of the Company.
OneWeb has announced its emergence from U.S. Chapter 11 bankruptcy protection and achievement of all relevant regulatory approvals.
Speedcast has confirmed an agreement with Inmarsat to sell its primary Fleet Xpress, FleetBroadband and Fleet One service contracts to Inmarsat.
Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.
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