bankruptcy

Although no public announcement has been made yet by Sigfox, a report in the French technology media Journal du Net (www.journaldunet.com/) indicates that nine companies or groups are bidding to take on some or all of Sigfox’s assets. As IoT Now reported on January 27th (See: Sigfox goes into receivership after raising and spending €300mn, seeks

France-based IoT service provider Sigfox has gone into receivership, blaming reduced demand and a shortage of key components caused by the pandemic. As Jeremy Cowan reports, the company has been granted bankruptcy protection by a French court during a 6-month ‘observation period’ as it seeks a rescue deal.