Satellite operator Intelsat had a marginally better day on the NYSE market on February 29th and its share price rose 3 cents (to $1.72), but the overwhelming sentiment remains downbeat. Perhaps the most dramatic move is from credit ratings agency Moody’s, which downgraded Intelsat with comments saying that the company’s debt structure has become “unsustainable”. […]

February 26th was another bad day for investors in Intelsat. Its already plummeting share price fell a dramatic 20 per cent, from $2.14 to $1.69 and taking its market capitalisation down to $181 million. The fall means that Intelsat’s share price has tumbled over the past 12 months from $12.93 to its current $1.69. However, […]

These are troubled times for Intelsat. February 25th saw further dramatic falls in its share price on the New York Stock Exchange despite reporting that it had appointed Guggenheim Securities to make a complete examination of its financing structure. On February 22nd its share price tumbled from $2.93 to $2.54, although it recovered somewhat as […]

Canal Plus has been though some choppy waters just lately, losing some very senior managers in the process and major shareholder Vivendi’s Vincent Bolloré issuing some stark warnings at the end of last week over the broadcaster’s future. “[Vivendi] cannot on a long term basis continue to finance the losses of Canal+ channels in France.”  […]

London-based speciality satellite operator Avanti Communications has suffered a bad week on the London stock market. February 18th saw its already struggling share price drop below the psychologically important £1 mark, to 97p. The price represents an ‘all time low’ for Avanti, and reflect a 56 per cent fall since July last year. The 3.24 […]