105 Ships | 217,624 Berths | $62 Billion | View, 105 Ships | 217,624 Berths | $62 Billion |. Find News from October 2020 on ConsumerAffairs. 2 Ford Mustang. Our robust global multi-beam network offers additional VSAT capacity over the busiest Yachting areas delivering speeds up to 150mbps. Mobile Network Operators (MNOs) are increasingly seeking to extend their coverage beyond urban centres, to rural and remote communities. Speedcast International Limited (ASX:SDA) has been awarded a project to provide high-speed internet to 250 sites across rural Colombia — this government initiative will provide Colombians from Guajira to Amazonas with near-instant internet access, even in regions where fiber, cable and LTE services are unavailable.. Speedcast International has launched an Internet of Things (IoT) remote asset management platform deployed on Amazon Web Services (AWS) for IoT customers, the company announced Wednesday. Make your disaster response efforts seamless, safer and more efficient with our flexible communications solutions. The plan also provides for, among other things, a cash payment to holders of secured claims and cash payment to certain of Speedcast’s critical trade vendors. Communications for the largest, newest and most innovative ships in the cruise industry. This comes 9 months after Speedcast first announced its decision to recapitalise its business through voluntary Chapter 11 proceedings on April 23, 2020. EU vs ESA debate slows progress on … Stretch your coverage further and reach new markets with our end-to-end cellular backhaul services. Speedcast had a $600 million term loan on its books that is set to mature in 2025, according to its 2019 half-year results, as well as a $100 million revolving credit facility. SES, in a filing to the bankruptcy court on January 19th, says it is not objecting to the sale of assets but it is concerned about a transponder purchase agreement signed by GEE back in March 2019 for 8 satellite transponders (on its AMC-1 satellite) and a portion of an overall payment of $8.5 million which has not been paid. Through the filing, the company will access up to approximately $141 million in debtor-in-possession financing. Speedcast announced its decision to recapitalize its business through voluntary Chapter 11 proceedings on April 23, 2020. Speedcast first announced its decision to recapitalize its business through voluntary Chapter 11 proceedings on April 23, 2020. Take control of on-board communications whether you own one small ferry or a large fleet. News Highlights: Top Company News of the Day. This commitment would support a plan of reorganization, which has the support of both Centerbridge and the Company’s Official Committee of Unsecured Creditors. © Cruise Industry News 1996-2021. The Department of Information and Communications Technology (DICT) witnessed the contract signing ce... Our solution expertise is vast and deep, spanning more industries and verticals than anyone else. The age of continuous connectivity is here. Nokia adds blockbuster Industry 4.0 content to Netflix-style private 5G platform, Enterprise IoT Insights - Sep, 2020 Nokia stocks app store for private wireless customers, Light Reading - Sep, 2020 Nokia accelerates Industry 4.0 transformation with added Nokia Digital Automation Cloud functionality, ComputerWeekly - Sep, 2020 We’re with you every uncharted step of the way. Join the HotCopper ASX share market forum today for free. The company later entered Chapter 11 bankruptcy protection in the US. Speedcast unites our diverse connectivity resources into a seamless network experience. In what it calls the "most transformational moment in its history”, the National Rifle Association (NRA) has filed for Chapter 11 protection in order for it to reincorporate in Texas and escape “a corrupt political and regulatory environment” in New York, where it is currently incorporated. This will be incorporated into a final report on the State of the Climate in 2020, which will be issued in March and will include information on selected climate impacts. Centerbridge is a U.S.-based private investment firm. By William Mudge, Director of Satellite Capacity and Technology, Speedcast Bandwidth On Demand™ Offers Robust Connectivity for the Yachting Market, Delivering the best performance to every location, under every condition, every time. Speedcast first announced its decision to recapitalize its business through voluntary Chapter 11 proceedings on Apr. Speedcast International Limited, a major provider of satellite connectivity to the cruise industry, has announced that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas. Under the terms of the plan, Speedcast is set to emerge with a new $500 million equity investment from Centerbridge, which will be used in part to repay all of its $285 million debtor-in-possession financing, as well as a permanent reduction of all of the $634 million senior secured debt of the Company. There’s no location too remote, no environment too extreme, no challenge our team can’t meet. Speedcast has been bought by Centrebridge Partners which will put an overall $500 million into the business in fresh equity to secure the company. Our robust global multi-beam network offers additional VSAT capacity over the busiest Yachting areas delivering speeds up to 150mbps. ... Broadband, Ground Segment, Mobility, News, Satellite Operators. Oil and Gas sites require a robust network with round-the-clock support – from connectivity supporting remote staff and crew welfare, to complex interoperable technologies capable of real-time, data-rich streaming, critical to running and monitoring operations. Communications can power your business wherever you operate. The news from Speedcast comes just one month after OneWeb announced that it was filing for bankruptcy. The number of mobile devices and demand for broadband connectivity is on the rise. The shares were trading at 79 cents when they were suspended but had been as high as $6.71 in late 2018 before starting a long slide as a series of operational and other issues hit revenue, saw debt surge, and crippled the company. Interested in seeing how Speedcast can help transform your critical communications? View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer analysis and key company information. The To date, all five datasets for the first 10 months of 2020 has placed this year as the second warmest for the year to date, following 2016 and ahead of 2019. Speedcast first announced its decision to recapitalize its business through voluntary Chapter 11 proceedings on Apr. Amazon announced Wednesday that its prototype design has delivered speeds up to 400 Mbps and streamed 4K-quality video in tests with a Geostationary (GEO) satellite. The latest Speedcast International news, articles, data and analysis from The Sydney Morning Herald All Rights Reserved. Speedcast provides full access to our portfolio of applications that cover a comprehensive range of voice, data, network and content requirements. ... 2020. SpeedCast, headquartered in Australia, will likely seek to re-shape its balance sheet and attain fresh cash during its bankruptcy, a representative said in an emailed statement. We deliver unprecedented service performance to passenger maritime fleets of all sizes on all parts of the globe, with redundant mobile satellite bandwidth provisioned in all major regions of operation. Yacht owners and operators are looking for a flawless communications experience. Latest news, headlines, analysis, photos and videos on 2020 Create the ultimate onboard experience for passengers and satisfy crew with land-like connectivity. From paperless ports and predictive maintenance to fuel-consumption sensors and analytics, the oppor... A long term communications partner like Speedcast will be distinguished from one that simply sees a ... Find out why shipowners are demanding ever more from their communications providers. Ronald Spithout, President, Inmarsat Maritime, said, “Our first priority is to ensure that these transitioning Speedcast customers can continue to access Inmarsat’s reliable global maritime connectivity services and our growing range of value-added services now and into the future.With Inmarsat’s ongoing, fully-funded technology roadmap, these customers, including … Find investor news, annual reports, stock information and more. Cybersecurity vendor Fortinet has appointed Andrew Sheedy to lead its operational technology (OT) solutions business in Australia and New Zealand. This includes extra bridging finance to … Speedcast International shares remain suspended at 79 cents each; Speedcast International (SDA) is filling chapter 11 of the U.S. Bankruptcy Code, in an effort to stay afloat during the COVID-19 pandemic. Germany EV share Dec 2019 4.0% and December 2020 26.6% market share, stunning growth when thinking about Germany's auto market was down 19.1% for the year. Speedcast has been bought by Centrebridge Partners which will put an overall $500 … Five Questions Every Shipowner Should Ask Their Maritime Connectivity Provider, An Ocean of Possibilities: Meeting Passenger Expectations for Outstanding Connectivity, 7 Traits Cruise Operators Should Look for in a Service Provider. While these speeds have previously only been achieved with single channel per … Experience global broadband everywhere your vessels go, complemented by applications and solutions to drive your business forward. Our list of News includes automotive, appliance, food, technology, clothing, and more. The company was founded in 1999 and is headquartered in Botany, Australia. As networks and satellite connections grow, network management becomes crucial for business operations. Alden Global Seeks to Buy Tribune Publishing The hedge fund, which already owns a big stake in Tribune Publishing, could disclose an offer for the newspaper chain as soon as Thursday, according to people familiar with the matter. Plotting your distribution future in uncertain times. Speedcast provides the flexible and comprehensive high-speed satellite connectivity and entertainment solutions that luxury yacht owners demand. Free independent share market investing advice from The Motley Fool. Speedcast first announced its decision to recapitalize its business through voluntary Chapter 11 proceedings on Apr. Spytek joined Speedcast in February 2020 has served as president and COO after being tapped to join the organization to help its turnaround. The platform services Speedcast IoT customers in sectors like energy, maritime, mining, and humanitarian. Should you buy AJM shares now? Dublin, Jan. 13, 2021 (GLOBE NEWSWIRE) -- The "Maritime Satellite Communication - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering. ENENSYS optimize, secure and monetize the media delivery over terrestrial (DVB-T2/ATSC3), satellite, cable, OTT/IPTV and 4G/5G infrastucture. The reasons that were cited were the impact of COVID-19 on its customers’ businesses, a significant percentage of which are in the maritime and oil and gas industries, as well as the worldwide pause in cruise operations. The Global Mobile Virtual Network Operator (MVNO) Services Market will grow by USD 29.80 bn during 2020-2024 “The Court’s confirmation of the plan marks a key milestone in the company’s efforts to become a stronger business and positions us to emerge in the near term, having achieved our goals,” said Chair of Speedcast Stephe Wilks. April 6, 2020 Tweet ... Speedcast informed the ASX that it currently has $669 million worth of debt as of December 31 st and reported that total liabilities exceeded total assets by $202.7 million as of December 31 st. HotCopper has news, discussion, prices and market data on SPEEDCAST INTERNATIONAL LIMITED. February 2021 (16) ... December 2020 (54) November 2020 (68) October 2020 (60) September 2020 (75) August 2020 (32) Speedcast provides flexible connectivity and leading IoT technology solutions ready to equip the mining site and its personnel with the critical communications infrastructure they need. And if they want to meet the demands of mobile audiences, efficient delivery of live and linear digital video for multi-platform playout and broadcast-quality streaming and distribution — anytime, anywhere on any device — are a must. 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Speedcast a public company traded on the Australian Securities Exchange (ASX) under the symbol "SDA." Delivering premium connectivity to support relaxation and adventure at sea. Under the structural changes, Joe Spytek – who served as Speedcast’s president and chief commercial officer since the company filed for Chapter 11 – will take on the role of Speedcast’s chief executive officer, leading the company upon emergence under the new Centerbridge ownership. Speedcast filed for Chapter 11 protection in April with about $689.1 million in debt, saying the oil price wars at the beginning of the year combined with the … The plan does not contemplate any recovery for existing shareholders, who will no longer have an equity interest in the reorganized company following its emergence. 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