OneWeb, now in Chapter 11 bankruptcy protection, has asked the court handling the process to permit incentive payments to retained staff of up to $8.8 million in order to hold onto those key workers during the bankruptcy process. OneWeb slashed its workforce from 531 to just 74 a few days ahead of the bankruptcy, and […]
Nordic Entertainment Group (NENT) reported that at its AGM on May 19th, shareholders voted to approve a 10 per cent repurchase of the company’s shares. NENT operates video streaming services for its pan-Nordic customers on its Viaplay and Viafree as well as pay-TV platform Viasat. Its holdings include several free-to-air TV channels including TV3 Sweden, […]
The bankruptcy and sell-off of mega-constellation OneWeb’s assets has become extremely interesting. Analysts at Quilty Analytics were on the case and suggesting that the auction now has 30 interested parties having signed NDAs, and that with Chinese, British, French and US interests involved it is turning into a real-life Game of Thrones. Indeed, Quilty says […]
In essence, SES has always been enthusiastic about UHD. The format would represent an increased demand in bandwidth and would help provide valuable revenues over and above the somewhat shrinking – and digitally compressed – market that is Standard and High Definition transmissions. As UK country manager Mike Chandler and SES’ Market & Business Analyst […]
High Altitude Platform Services – or stratospheric balloons – are a key part of Google’s broadband-to-the-planet policy. Earlier this year a group of telecoms, aviation and technology companies, including Japan’s SoftBank and Alphabet Loon (the Google spin-off business looking after its balloon strategy) formed the HAPS Alliance. The concept is simple: Float a series of […]
Does the world need another global streamer? ViacomCBS thinks so and has talked of plans to bring one to market, possibly an upgraded and rebranded version of CBS All Access, or maybe a refurbed Showtime. Bob Bakish, CEO, said it “will launch a broad pay streaming product in multiple markets over the next 12 months. […]
Comments from analysts at Berenberg Bank on satellite operator SES and its Q1 results are not positive. The bank says that while the overall numbers from SES were broadly in lone with expectations, and management has not altered its official guidance for the year, the bank thinks that there’s probably more bad news to come. […]
Erik Carlson, CEO at US DTH operator Dish Network, says the company is hard at work on its wireless initiatives. “The wireless team continues to make progress on a standalone 5G networks and we continue to pursue closing the Boost assets with T-Mobile,” he commented Carlson reported net income had fallen $73 million from a […]
Whilst all the details aren’t yet known, there are serious names who have entered bids for some or all of OneWeb’s assets. By the May 4th deadline, at least six proposals had been received by either Millbank LLP or Guggenheim Securities, who are acting on behalf of the operation. While not yet being specific about […]
Intelsat’s shares had a torrid time May 5th with a 12.4 per cent fall in value at one point to just $1.10. It isn’t the lowest that Intelsat shares have traded recently ($1.04 on April 15th) but it highlights the anxiety the market has for the company’s future prospects. One shareholder (Cyrus Capital Partners) is […]