PARIS — Speedcast International Ltd., unloading what it characterized as a marginally profitable, non-core business that showed no prospect for improvement, is selling its Inmarsat resale maritime activity to Inmarsat for $13.6 million as part of Speedcast’s ongoing Chapter 11 bankruptcy.
Speedcast said it tried but failed to find another buyer for the business, which it said generated $41.3 million in revenue in 2019 but less than $2 million in EBITDA.
Under the terms of the deal, Speedcast could receive another $2 . . .
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