Satellite communications has always been a partly invisible affair. Once the satellites have been launched into space, they are forever lost to the eye in the distant darkness, unlike the terrestrial basestations that dot the land. Now one of their oldest operators is also going dark.
Conceived when JFK sat in the White House, Intelsat is turning private after spending eight years as a publicly listed company. A financial restructuring announced this week is designed to more than halve debts at the bankrupt business, slashing them from nearly $15 billion to just $7 billion. Intelsat’s aim is to emerge from bankruptcy protection by the end of this year as a private company. With plans for a public return in the next five years, it watch…
Read the full article at: https://www.lightreading.com/satellite/intelsat-needs-more-than-debt-restructuring-to-fly/d/d-id/771723