Investment bank Berenberg has issued two timely reports on Europe’s pair of major satellite operators ahead of their results. The analysis was good news for Luxembourg-based SES but less rosy for Paris-based Eutelsat. For SES the overwhelming positive news was the operator’s share of the FCC’s ‘incentive’ payments for freeing up C-band frequencies over the […]
It’s always lively at Intelsat’s Chapter 11 bankruptcy court. On September 24th, for example, there were 17 separate filings laid before the court. However, a key problem could be partially resolved on September 29th, when Intelsat’s bankruptcy court will be asked to appoint an external examiner to investigate the potential claims against Intelsat and the […]
Analysts at investment bank Berenberg, while admitting that the John Malone-controlled suite of businesses under the Liberty Global banner represents a “complex case” to analyse, nevertheless – and it says with its eyes wide open – believes that Liberty’s prospects are solid. Berenberg is raising its advice on Liberty Global to ‘BUY’ (from ‘HOLD’) and […]
ProSiebenSat.1 Media’s CFO Rainer Beaujean, speaking at investment bank Berenberg’s German Conference on September 21st, told delegates that he was “extremely confident” that the broadcasting group will hit its EBITDA target of +/-€820 million, notwithstanding investment in new programming formats that should pay off in the longer term. That programming reinvestment is being made possible […]
Italian broadcaster Mediaset seems to be recovering well from the past year and the Covid problems. As revenues for its Q2 were up 66 per cent (against a miserable 2020) but importantly only 2 per cent down on the same period in 2019. “Mediaset,” says investment bank Berenberg, “[is enjoying] both the top-line recovery and […]
SES, in a filing with Intelsat’s Chapter 11 bankruptcy court, says it wants Jane Mago as an expert witness in its dispute with Intelsat. Mago will speak as a witness on the general subject matter of her recent report which covers arguments regarding which Intelsat entity is entitled to any potential FCC accelerated relocation payments […]
The SES claim against Intelsat for a potential $1.8 billion has been postponed. Judge Keith Phillips, who is overseeing Intelsat’s Chapter 11 bankruptcy reconstruction, had earlier confirmed that the trial date for the SES vs Intelsat dispute over FCC payment allocations would start on September 20th. A new date has not – as yet – […]
Vodacom is part of a consortium that has won an operating licence for a cellular service in Ethiopia. The consortium is made up of acknowledged experts in the supply and operation of a telephone service and beat another applicant (MTN Grp) which was not successful. The Global Partnership consortium comprises includes Safaricom (in which Vodacom […]
September 8th saw Amazon fire off another salvo to the FCC with a list of complaints about SpaceX and also citing a WSJ comment that Elon Musk wages a “war on regulators” and that Musk allegedly breaks the rules and endangers people. The Amazon letter to the FCC (and from its subsidiary Kuiper Systems) is […]
Elon Musk says his team are busy “figuring out the regulatory approval process” for launching the Starlink broadband service over India. Musk was asked the question on Twitter as to when his service might start in India, and responded a few hours later. India could well be extra important in Starlink’s ambitions given that Bharti-backed […]