MultiChoice unaffected by Intelsat bankruptcy
June 2, 2020
By Chris Forrester
South African broadcasting giant MultiChoice says that Intelsat’s Chapter 11 bankruptcy protection will have no impact on its pay-TV transmissions.
MultiChoice beams its signals from Intelsat-20 and Intelsat-36 satellites for its DStv broadcasts across Africa. Intelsat announced last month that it and certain sister-companies have filed for Chapter 11 proceedings.
Intelsat has informed local press in South Africa that its Chapter 11 bankruptcy will not affect broadcasts.
Instead, Intelsat says it is planning to see a substantial reduction of its significant debt burden as a result of its bankruptcy.
Other posts by :
- SES warns of risks for airlines adopting Starlink
- Starlink facing backlash in South Africa
- China wants 200,000 satellites
- Bank raises view on AST to $100
- Frost & Sullivan cites Hughes as #1
- Verizon cutting prices
- ScotiaBank confuses market over AST SpaceMobile
- EchoStar gains bank support
- SpaceX complains to FCC over AST SpaceMobile