Speedcast International Limited filed a motion in the US Bankruptcy Court for the sale of its certain assets on November 13, 2020. The debtor seeks the Court’s approval for the sale of its certain assets to Inmarsat Solutions BV, Inmarsat Maritime Ventures Limited and Inmarsat Global Limited for a purchase price of $16.3 million in cash pursuant to the asset purchase agreement, dated November 13, 2020. The debtor's asset include certain assets and assignment of related customer contracts, transition services and release of certain claims.