Equity analysts at Berenberg Bank have updated their advice to clients on Nordic Entertainment Group (NENT). They first looked at the company in November 2020 when its shares were at SEK 375.6 (€35.12). They rose to SEK 530 in August last year. They are now at just SEK 316.5, and the bank is rating the […]

Russia’s space agency Roscosmos has suspended its cooperation agreement with Arianespace and is pulling out staff from the French launch site at Kourou in French Guiana. Roscosmos boss Dmitri Rogozin has tweeted confirming the action which he says is in retaliation over the trade sanctions imposed on Russia. The Russian Tweet said: “In response to […]

SES unveiled its end-of-year numbers on February 24th and in its post-results analysts call, CEO Steve Collar explained that the satellite operator was “well ahead” of its work to prepare for FCC-mandated C-band conversion work for the SES. Collar stated the C-band Phase 2 work meant SES was on track to receive the remaining $3bn […]

Intelsat has formally confirmed its emergence from Chapter 11 reconstruction. The satellite operator said it had emerged as a private company with a substantially strengthened capital structure to support its growth as the leader in satellite communications. This final milestone follows receipt of regulatory approvals, completion of certain corporate actions, and satisfaction of other customary […]

The potential problems over Ukraine and the probability of much wide trade sanctions against Russia could impact ‘Western’ media and communications companies, says a note to clients from investment bank Exane/BNPP.  The impact could also extend to the video games industry, says the bank. Of particular interest are the relationships that satellite operator Eutelsat has […]

The ongoing legal process between Devas Multimedia and India’s State Research Organisation (ISRO) has suffered something of a set-back in a Canadian court. Devas Multimedia has won numerous actions against ISRO and its commercial arm Antrix in its claim for $1.2 billion already awarded by the International Chamber of Commerce (ICC) and confirmed by the […]

The FCC has approved Intelsat’s exit from Chapter 11 bankruptcy and the transfer of the ‘old’ company’s ‘debtor in possession’ (DIP) assets to the newly established parent business based in Luxembourg. The FCC’s International Bureau chief Thomas Sullivan said the transfer was in the public interest and approved the request. The FCC ruling explains the […]

The SES vs Intelsat 50/50 trial over FCC C-band incentive payments has finished its initial examination and cross examination of witnesses. Far fewer witnesses were called by either party and consequently the hearings lasted just 6 full days instead of the 10-12 initially expected. Judge Keith Phillips ruled that both parties must submit their “findings […]

The hearing of the litigation between SES and Intelsat in front of Judge Keith Phillips is now well into its second week. The dispute concerns the division of FCC ‘incentive’ payments. SES is claiming 50 per cent of the FCC’s allocation of payments, plus damages against Intelsat.. One of the many Intelsat lawyers on the […]

A major Joint Venture from Reliance Jio, the giant Indian telco, and satellite operator SES, which will see Jio use the SES capacity for broadband connectivity for its Indian customers. Investment bank Exane/BNPP says the move is a major endorsement for SES and in particular its mPower fleet of satellites. The bank says: “The endorsement […]