SCT Files Suit

Mexico’s Secretariat of Communications and Transport filed a suit against troubled satellite operator Satmex claiming the payment of debt worth $188 million. The litigation could give the Mexican governmet, which already holds a large percentage of Satmex stock, a majority share of the company´s equity. In a move protested by US creditors Satmex recently filed for bankruptcy under Mexican law to restructure liabilities of $600 million.