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Cinterion: Anatomy of an Insolvency
Author:
Sam Lucero, Practice Director, M2M & Embedded
Published: 28 Apr 2010
Nothing beats announcing right before a major international trade show that your company is undertaking insolvency proceedings, setting the market abuzz with speculation and rumors. Cinterion Wireless Modules, the longtime market share leader (by unit shipment volume) in the M2M cellular embedded module market, has just experienced this first-hand. The company sent out a special press release aimed at business partners and other interested stakeholders on March 22, 2010 – the first day of the CTIA trade show in Las Vegas – announcing that its parent holding company (Cinterion Wireless Modules Holding GmbH) was “reorganizing its financial structure” under German insolvency law. What are the particulars of Cinterion’s announcement and the resulting implications for the company and the wider market?
The full text of this Insight is available to subscribers of the Telematics Research Service and the M2M Research Service and the Tablets, Netbooks & Mobile CE Research Service and the Connected Car Research Service and the Commercial Telematics Research Service.
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