Intelsat Files for Bankruptcy Protection
Intelsat, S.A. ("Intelsat") is seeking to restructure its debt under chapter 11 of the bankruptcy code as the world's second largest satellite operator seeks to ease its approximately $14.7 billion in debt and participate in the FCC's spectrum clearing program. Intelsat filed for bankruptcy on May 13, 2020 in the Eastern District of Virginia, Richmond Division.
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