Intelsat achieves confirmation of reorganisation plan
Submit on Sunday, December 19th, 2021 21:03
Intelsat S.A. announced that the U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond Division, has approved its Plan of Reorganisation, marking the final Court milestone in the company’s financial restructuring process. Intelsat is poised to emerge from the process in early 2022 upon receipt of regulatory approvals, completion of certain corporate actions, and satisfaction of other customary conditions.
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