YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Satellite operator Intelsat SA filed for Chapter 11 bankruptcy protection.
Company officials said the firm obtained $1 billion in debtor-in-possession financing.
Intelsat officials said the company needs the financing to help clear up a frequency band used for satellites, an order issued by the Federal Communications Commission.
Read more from Reuters.
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