Italy’s Gomedia Satcom refutes Ovzon version of “bad debt” from their contract

by Peter B. de Selding

PARIS — Italian satellite service provider Gomedia Satcom, whose financial condition was put into question by one of its customers, satellite terminal builder and capacity provider Ovzon AB of Sweden, said is solidly profitable and able to absorb the late payments from its Italian government customer that Ovzon said prompted a bad-debt provision and a restating of its 2022 financial accounts.

Gomedia said the Italian Fire and Rescue Service’s payment delay, which Ovzon cited as a last-minute event during a March 22 investor call, “was . . .

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