Data from internet speedtest provider Ookla show a decline of around 100 Mb/s over the past quarter for SpaceX’s Starlink broadband by satellite system. Ookla says that during Q2 this year the median download speed for Starlink users was 97.23 Mb/s. During Q3 the median speed had dropped to 87.25 Mb/s. Ookla’s head of content, […]

I signed off last year’s last blog with “I make no predictions for 2021, including ‘at least it can’t be worse’”. That was a good decision. Who’d have thought we’d all be here at the end of 2021 having missed Vegas, Cologne and Amsterdam, again. Any bets on the 2022 travel itinerary? No, didn’t think […]

This past year has been full of continued Covid problems and a near-absence of lucrative cruise ship passengers and crews as well as much-curtailed airline traffic which combined to severely limit revenues for In Flight business communications and cruise holiday-makers (and their families). However, the consensus from satellite industry executives is that while this past […]

Intelsat’s last-minute set of reorganisation agreements, the 6th Supplemental Declarations, as part of its Exit Plan reached on December 16th with some of its – relatively modest – remaining creditors should now enable the satellite operator to fully emerge from bankruptcy early in the New Year. There are some legal hurdles ahead, not least the […]

Judge Keith Phillips, on December 16th, approved Intelsat’s plan for the settlement of much of its indebtedness prior to its May 2020 Chapter 11 bankruptcy. The bottom line is that the agreement reduces Intelsat’s old debts of about $16 billion by more than half thanks to the acceptance of the company’s new Plan of Reorganisation. […]

Judge Keith Phillips has set December 16th for what looks likely to be the final day set aside for Intelsat’s bankruptcy Exit Plan confirmation hearings. There will be other discussions, motions and legal manoeuvres but most observers expect this particular element of the bankruptcy exit process to wrap. Judge Phillips has already set aside January […]

Intelsat’s Chapter 11 bankruptcy reconstruction has cost the business some $200 million in legal and professional fees. The end might now be in sight, but there will still be arguments on the exact shape of the new business, and Judge Keith Phillips will still be reviewing documents well into the New Year. Intelsat entered into […]

The bankruptcy court in the Intelsat review and confirmation of its Exit Plan heard that a number of issues previously considered contentious have “been narrowed” according to Steven Serajeddini, a restructuring partner at Kirkland & Ellis, who are acting for Intelsat in the case. The court heard that the parties want to wrap the discussions […]

December 10th saw a submission entered into Intelsat’s Chapter 11 bankruptcy hearing which used the phrase ‘actio pauliana’, which translates as meaning ‘designed to protect creditors from fraudulent legal transactions’. The phrase was used by Luxembourg lawyer, Yann Hilpert, in his declaration to the court. He said that under Luxembourg law, an actio pauliana is […]