Sigfox enters insolvency proceedings following difficulties

Sigfox has entered insolvency proceedings following difficulties mostly beyond the IoT network operator’s control.

In a statement to French daily newspaper Le Figaro, that we’ve loosely translated, Sigfox wrote:

“Toulouse Commercial Court has opened today, at the request of the CEO, a judicial reorganization procedure for the benefit of Sigfox and its subsidiary Sigfox France SAS (operator in France), with an initial observation period of six...