The FCC has approved certain modifications as part of its formal approval of the proposed $26.5 billion merger between telcos Sprint and T-Mobile. The FCC had last month agreed the outline terms in a 3-2 vote from Commissioners. The FCC approval means that Dish/Echostar founder Charlie Ergen could now proceed and become a fourth wireless […]
Last week’s disappointing Eutelsat Q1 results are still resonating with market-watchers. Investment bank Berenberg, a close observer of satellite stocks, in a report to clients admits that Eutelsat’s numbers were “extremely disappointing” and while the bank says that its favourable ‘BUY’ position towards the Paris-based satellite operator would continue, it adds “we fully understand that […]
Giles Thorne, media analyst at investment bank Jefferies, speaking about the eventual C-Band decision for the reallocation of spectrum over the US for 5G usage, sums up the position perfectly, saying ‘The C-Band Home Strait’ in his comprehensive report on the current state of play. He admits that the past year or so has been […]
Eutelsat’s poor Q1 trading numbers announced after the close of the market on October 30th and a downward revision to its expected revenues over the next nine months resulted in a severe fall in its stock market share price in early trading October 31st. Eutelsat’s share price tumbled 11.83 per cent (€2.19) to €16.29 (and […]
The US Congress Energy & Commerce Committee held a formal hearing into the C-Band Alliance’s plan for spectrum reallocation over the US on October 29th. The meeting did not go well for the Alliance. The Committee already has a Bill (the C-Band Act) before Congress and the Bill is co-sponsored by Democrats and Republicans, and […]
Last week news emerged that SES would be losing its DTH transmissions to Scandinavia’s Nordic Entertainment Group’s (NENT) Viasat. Viasat will merge its operations to Telenor’s THOR satellite and move away from SES 5 degrees East. Telenor and NENT will own 50 per cent each of the new business. SES Video’s CEO Ferdinand Kayser, speaking […]
It hasn’t been the best of weeks for Europe’s two main satellite operators. Eutelsat has suffered the loss of an important solar array on its latest satellite, Eutelsat 5 West B. The satellite is fully insured so there will be capital loss but the performance of the satellite is bound to be impaired. Eutelsat says […]
So, SoftBank has ‘rescued’ WeWork in a deal that will cost it at least $10 billion and pretty much guarantee WeWork’s departed Svengali founder $1.7 billion. The rescue was from a proposed $47 billion IPO that was becoming a car crash going over a cliff. SoftBank is a major shareholder in WeWork – some reports […]
Eutelsat, in a formal filing to the Federal Communications Commission (FCC), says that it is in favour of the C-Band Alliance – eventually – freeing up 300 MHz of spectrum over the US for 5G’s usage. Julie Burguburu, Eutelsat’s group general counsel, and Wladimir Bocquet, director of regulatory affairs, spectrum management and policy at Eutelsat, […]
The C-Band Alliance (CBA) used a letter to Senator John Kennedy, the chairman of the Senate Appropriations Committee, and to Christopher Coons, a ranking member of the same committee. The letter was ostensibly to correct some misstatements made by two influential organisations. One “misrepresentation” came from David Williams of the Taxpayers Protection Alliance who in […]