Dependable connectivity markets bearing adversity as Speedcast restructures

摘要

Normally reliable connectivity markets such as oil and gasare feeling the pinch of the coronavirus, as satcoms providerSpeedcast International (ASX:SDA) announces a financialrestructuring package.The Australia-based company hopes to conclude theprocess, which includes a bankruptcy filing, this year andideally in six months, a spokesperson told ConnectivityBusiness. The person declined to say whether M&A is anoption for the company known for making acquisitions,though in the announcement the company disclosed thatMoelis is serving as its investment banker.