With Subscriber Counts Decimated by Starlink, Hughesnet Files for Bankruptcy
US satellite internet provider Hughesnet has filed for Chapter 11 bankruptcy after running low on cash and losing subscribers to Starlink.Hughes Network Systems filed in a US bankruptcy court on Sunday, but the company notes it’ll continue serving its satellite internet customers during the restructuring period. “This reorganization will allow the Company to address its maturing secured and unsecured debt, strengthen its capital structure, and accelerate its ongoing transformation into an enterp...
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