Chris Forrester is one of the most experienced and highly regarded journalists in the field. His insight and analysis, particularly in the satellite and pay-TV arena, is highly prized. He has written for all the major business journals in the sector as well as several national newspapers.
SES has resurrected its ‘Cleosat’ filing with the ITU which lapsed in 2015. Cleosat calls for an L and S-band constellation of 62 satellites (6×10 @ 850km/86°, 1 @ 533km/97.5° & 1 MEO @ 8062km) for a potential direct-to-handset service. The original Cleosat filing with the ITU, made in 2015, was lost and expired due […]
Rivada Space Network has been using the term ‘Outernet’ to describe its planned orbital satellite service for some time. But its use, especially as a potential trademark, is being challenged by the Outernet Council. Rivada, in response, says that it agrees that ‘Outernet’ is a generic term and has voluntarily withdrawn its ‘OuterNET’ trademark application. […]
Investment bank Goldman Sachs has dramatically upgraded its view on Eutelsat’s prospects, from ‘Sell’ to ‘Neutral’. The bank admits that its previous advice to ‘Sell’ was “the wrong call”. “With the recent EC announced proposal to establish a loan fund of up to €150bn to support European defence spend, Eutelsat shares have risen materially (c.+550% […]
SpaceX enjoyed partial success for its Starship test #8 on the evening of March 6th. The rocket’s booster (first) stage performed flawlessly and enjoyed a perfect return to Earth and being captured by the sites ‘chopsticks’. However, the upper stage Starship exploded mid-flight. The SpaceX mishap halted some flights from Florida’s busiest airports for “falling […]
At the start of this week Eutelsat’s share were stuck in the doldrums, and valued at just €1.23 per share. By close of business on March 5th they were trading at a spectacular €7.84 (and had reached €8.74 at one point). This is a 119.7 per cent rise on the day and 550 per cent […]
Shareholders in Paris-based Eutelsat again saw a successful rise in the satellite operator’s value, rising 82 per cent in value to €3.66 per share. Indeed, at one point shares hit €4.49 before some investors took their profits. Either way, the numbers are considerably better than the €1.15 of a few weeks ago. Eutelsat’s stock has […]
The financial news for Eutelsat has been depressing for some time. But March 3rd saw its share price rocket ahead by almost 50 per cent on news that diplomatic problems between President Trump and Ukraine could mean the EU backing Eutelsat’s OneWeb division as a powerful alternate to Elon Musk’s Starlink for satellite services to […]
Appaloosa LP, which manages funds holding more than 7 per cent economic interests in both SES and Intelsat submitted proxy, proposals urging the SES Board of Directors to take immediate steps to address shortfalls in corporate governance, capital allocation and management accountability. Some of its suggestions contain highly critical comments. Appaloosa, in a statement on […]
Last week’s SES results and subsequent analysts call with the satellite operator have now been examined in some detail. One analyst from investment bank BNP Paribas has digested the slew of information and explains why the full-year numbers turned out to be ahead of consensus. The end result from Sami Kassab is to reaffirm its […]
The recent successful ‘direct-to-device’ test video calls by AT&T and Verizon using AST SpaceMobile’s (AST) satellites has prompted analysts at investment firm B Riley Securities to upgrade their advice to clients. Their core guidance rating is ‘Buy’ and the firm says that AST is gaining momentum because of the space-based video calls. This advice, given […]
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