Portugal saw the highest growth in pay-TV subscribers in the past four years, reaching 4.1 million at the end of March 2020. According to data released by the National Communications Authority (Anacom), more than 160,000 new pay-TV subscribers were added in the period January-March, corresponding to a 4 per cent growth on the same period […]
Intelsat is in Chapter 11 bankruptcy and is restructuring itself. On June 9th, it gained bankruptcy court approval to access a $1 billion loan under ‘debtor in possession’ rules and post-petition financing. Judge Keith Phillips granted Intelsat immediate access to $500 million (out of the $1 billion) in order to keep its day-to-day operations going […]
Americans staying home are happier with their Internet and subscription TV service, according to the ACSI Telecommunications Report 2019-2020 from The American Customer Satisfaction Index (ACSI). Video streaming maintains its status leading customer satisfaction Covid-19 has dramatically changed the way Americans work and how they spend their leisure time. With stay-at-home and work-from-home becoming a […]
TV TEM, an affiliate of TV Globo, has signed a multi-year contract with Eutelsat Communications for capacity on its Eutelsat 65 West A satellite to distribute its programming within its concession region in the São Paulo state. The partnership has enabled TV TEM to seamlessly migrate its feeds from traditional C-Band (3.7 GHz to 4.2 […]
Intelsat might be in Chapter 11 bankruptcy restructuring, but trading continues. The satellite operator’s revenues were $458.8 million for Q1 (to March 31st) down 13 per cent, and after interest payments and other obligations, that turned into a net loss of $218.8 million for the quarter. The company reported significant downturns in Network Services (down […]
Nigeria’s NigComSat satellite business is to be “forensically audited” by order of the country’s House of Representatives. The investigation team will be looking at alleged “sleaze, misappropriation and non-profitability” of the company. The parliamentary report said that the establishment of NigComSat “was to develop the information and communications technology system in Nigeria, as well as […]
The Schall Law Firm has confirmed it has filed a class action against Intelsat citing violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the US Securities and Exchange Commission. “Investors who purchased the Company’s securities between November 5th and November 18th 2019, inclusive (the ”Class […]
Turkey’s latest satellite, Turksat 5A, has been confirmed for launch in Q4 this year. It is the first of a trio of next-generation craft which will be orbited between now and 2022. Turkey’s transportation and infrastructure minister, Adil Karaismaloğlu, visited the Turksat facility at Gölbaşı, near Ankara on June 3rd, and said that Turkey’s satellite […]
A report from Quilty Analytics makes tough reading for the world’s ‘Big Four’ satellite operators, and says that they could suffer combined adverse revenue losses of some $400 million (€357m) this year – mostly because of the Coronavirus impact on mobility. Quilty says: “The trough of Covid-19 end-user mobility impact occurs in Q2 (June 2020). […]
Eutelsat, not for the first time, has formally complained to the FCC over the Commission’s ruling that it would pay around $5 billion to both Intelsat and SES in ‘incentive payments’ for clearing certain C-band frequencies over the USA. In essence, Eutelsat is fearful that the payments – and the related reimbursements of actual costs […]