[Satellite Today – 7-02-08] WorldSpace Satellite Radio reached an agreement with four of its creditors to defer debt payments for the second time in less than a month, WorldSpace announced July 1.
Under the latest agreement, WorldSpace delayed payment of $19.9 million in principal until June 9. On June 4, the satellite radio operator reached an agreement with the creditors to delay a $17.7 million payment until June 30.
In connection with the latest deferral, each of the note holders will receive a portion of 1.5 million new WorldSpace warrants that can be converted into common stock.
WorldSpace Again Defers Debt Payment
Sateliot Wins New Telenor IoT Deal
Sateliot, the Spanish based satellite company has announced IoT partnership with Telenor IoT. Telenor IoT is part of the Telenor Group, one of the largest telcos In the Nordic region. […]
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