Unabiz Sigfox France Granted Six-Month Court Protection to Restructure €5 Million Debt
Unabiz Sigfox France Granted Six-Month Court Protection to Restructure €5 Million Debt
Unabiz’s Sigfox IoT operations in France have obtained six months of court protection to restructure €5 million debt, safeguard jobs, and ensure business continuity. Global Sigfox operations remain unaffected.
Unabiz SAS, formerly Sigfox SAS, was granted six months by a French court to restructure through a receivership process. A similar ruling was issued last week for its network infrastructure arm, Unabiz Network SAS, formerly Sigfox France SAS. The total debt in France is around €5 million.
Due to financial pressures in France, home of Sigfox’s ultra-narrowband IoT technology, Singapore-based compaby filed two applications for judicial reorganisation with the Commercial Court of Toulouse. Both filings on September 4 and September 9 were accepted, freezing all prior French debts.
Employee wages are protected by a wage guarantee scheme. The French legal process emphasizes job preservation and restructuring. They confirmed business operations remain “as usual,” with teams in place and supplier commitments honored. Sigfox networks in Spain, Portugal, and other countries remain unaffected.
The Singapore unit, specializing in IoT engineering and operating regional Sigfox networks in Asia Pacific, is also unaffected. The company stated the procedure enables cost optimization, business refocus, and access to new financing with super-priority guarantees. The court-appointed receiver and bankruptcy judge will oversee plans and transactions.
Chief executive and co-founder Philippe Chiu said: “We are taking a responsible step to stabilize our operations in France and create the necessary conditions for restructuring. Unlike Sigfox’s 2022 case, our goal is to restructure and continue operations. We now have breathing space to reorganize debts and focus on continuity.”
The Singapore IoT company purchased Sigfox during a Toulouse receivership process in 2022, when Sigfox had €153 million debt. Much of it was cleared through the sale. Since then, Their invested €36 million into the business. The current €5 million debt is largely linked to unpaid rental fees to French tower firms.
The Singapore based tech up and coming giant, had sought renegotiation with creditors, but as negotiations stalled, it filed for protection. In 2022, they preserved 110 of 174 jobs when acquiring Sigfox. The company expects to maintain overall headcount through this process.
Today, Sigfox networks operate in 75 countries, mostly through partners. It itself runs networks in France, Spain, and Portugal. Since 2022, it has added six million IoT connections, raising the global base to 15 million, and increased Sigfox revenues from €12 million to €30 million. Despite progress, debt obligations remain, and the company seeks new financing to fund innovation, growth, and repayment.
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About Unabiz
They are a Singapore-based global IoT service provider specializing in sensor hardware, low-power wide-area (LPWA) connectivity, and data platforms. It is best known as the owner of Sigfox, a technology brand acquired through receivership in 2022. Since acquisition, they has invested tens of millions into the business and expanded Sigfox connections to 15 million worldwide. With headquarters in Singapore and operations across Europe and Asia, it plays a pivotal role in the IoT ecosystem, helping enterprises deploy cost-efficient connectivity for logistics, utilities, asset management, and smart cities. Its leadership, including co-founders Henri Bong and Philippe Chiu, focus on restructuring the French unit while ensuring business continuity globally.
About Sigfox
Sigfox was founded in France as a pioneer in ultra-narrowband IoT connectivity, creating a network standard optimized for low-cost, low-power, long-range communications. At its peak, Sigfox operated networks in more than 70 countries, enabling devices to transmit small data packets with minimal energy consumption. Despite technical innovation, Sigfox accumulated heavy debt—over €150 million by 2022—leading to its receivership and eventual acquisition by the Singapore IoT company. Today, Sigfox technology continues to power millions of IoT devices worldwide, with active networks in France, Spain, Portugal, and numerous other regions. Under it’s stewardship, the brand has expanded connections and revenues, demonstrating resilience despite financial restructuring in France.
About French Tower Firms (Creditors)
French tower firms are key stakeholders in the country’s telecom infrastructure, providing long-term rental agreements for antennas and IoT network equipment. These companies became central creditors in the Unabiz restructuring case, as much of the €5 million French debt is linked to unpaid rental fees. Their infrastructure is essential for maintaining Sigfox’s national network coverage in France. The hardened stance of these creditors prompted them to seek court protection to secure more favorable renegotiations. While not named individually in the article, these tower firms hold strategic leverage in determining the future viability of Sigfox operations within France.
About the Commercial Court of Toulouse
The Commercial Court of Toulouse in France has played a decisive role in the history of Sigfox. In 2022, the court placed Sigfox into receivership due to unsustainable debt, later approving it’s acquisition. Again in 2025, the court granted it’s French subsidiaries—Unabiz SAS and Unabiz Network SAS—six months of legal protection to restructure €5 million of debt. The court oversees the redressement judiciaire process, appointing a receiver and judge to scrutinize financial decisions, safeguard jobs, and preserve business continuity. Its rulings directly influence the fate of one of France’s most notable IoT technology exports.
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