Speedcast is emerging from bankruptcy into a very different satellite communications market. Bankruptcies, acquisitions and an ongoing pandemic are continuing to reshape an industry in the midst of major technological and financial disruption. But while COVID-19 disproportionally drags on verticals such as energy, maritime and aero-helping push satcom players like Speedcast, Intelsat and Global Eagle Entertainment into restructuring-it is also accelerating digitalization trends that promise new opportunities for connectivity providers that can ride out the storm. Speedcast buys its satellite capacity from operators around the world to connect cruise lines, oil rigs and other remote customer platforms. It became the largest company of its kind after ballooning in size by consolidating the fragmented services market.
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