Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
The new sharewise is here Clearer, faster, with a light and a dark view — and everything you already know. Try it now
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Intelsat Goes Bankrupt

TheMotleyFool 
0 0 15.05.20
Intelsat Goes Bankrupt
 

Intelsat (NYSE: I) warned Congress it might go bankrupt, and now it has.

Satellite communications company Intelsat, the stock of which rocketed to nearly $35 a share on hopes it would reap tens of billions of dollars in "spectrum" cash in late 2018, currently trades for less than $0.50 a share after the company announced Wednesday evening that it has filed a Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the Eastern District of Virginia.  

Image source: Getty Images.

Continue reading


Source Fool.com

Like: 0
I
Share

Comments

Not a member yet? Sign up for free!