Investment houses KKR, Cinven and Providence have made an agreed €2.96bn bid for Spanish multiplay telco MásMóvil, representing the first such European buy-out attempt by private equity firms since the onset of the Coronavirus crisis. According to the three PE companies, holders of 29.56 per cent of MásMóvil’s stock had already agreed to sell for […]
SES, as largely expected under its ‘Simplify and Amplify’ cost-savings programme, is to restructure its operations globally. As part of the scheme it will consolidate many of its European offices into its Luxembourg HQ. SES plans to close its offices in Brussels, central London, the Isle of Man, Warsaw and Zurich – redistributing activities in […]
Last October Intelsat made a $50 million “synergistic” loan to BlackSky, owned by Spaceflight Industries. Now it wants the Court to amend the loan obligations and permit certain sales plans to proceed despite the bankruptcy. Spaceflight describes itself as a ‘next generation’ space company with launch facilities, and its BlackSky division specialises in images from […]
SES currently has two core deployments of satellites: It has a fleet of powerful geostationary satellites that just about serves the whole planet. It also has 20 O3b (‘the Other 3 Billion’) satellites in Medium Earth Orbit, with seven new ‘super-power’ O3b satellites on order from Boeing, with deployment starting in 2021. The O3b fleet […]
According to Securities & Exchange Commission filing last week, Elon Musk’s SpaceX has raised an extra $346.2 million (net) in its latest fund-raising efforts. This suggests that Musk’s company has raised some $1.7 billion since the beginning of 2019. The company has a valuation of some $36 billion. It previously raised $221 million on March […]
India’s Yes Bank has acquired a 24.19 per cent stake in Essel Group’s DTH giant Dish TV India. “Shares have been acquired on invocation of pledge of shares in a one-time transaction,” stated the bank in a release. Reportedly, Dish had used a 44.53 per cent equity stake as collateral with the bank against loans. […]
Netflix and the American Cinematheque are joining forces to ensure the long-term future of the Egyptian Theatre, site of the first Hollywood movie premiere and the long-time home of the American Cinematheque. This collaboration will enable the non-profit American Cinematheque to expand the scope and diversity of its movie and event programming, its filmmaker-centric festivals […]
The World Trade Organisation (WTO) has declared that Saudi Arabia-supported sports and programming pirate beoutQ is in breach of international law, in a ruling that will be published formally mid-June. The WTO has also reportedly ruled, according to The Guardian, that Saudi Arabia’s government is behind beoutQ. The pirate service was started because of a […]
Some Intelsat smaller shareholders are appealing to the US Trustee that they gain special representation in the bankruptcy court, saying that they are being ignored in the satellite operator’s reconstruction and that they fear being wiped out in the process. There is a planned hearing on June 9th into many matters connected with Intelsat’s Chapter […]
Ofcom has announced the appointment of a new non-executive director to the Board of Channel 4. Andrew Miller joins the Board as non-executive director and Chair of the channel’s Audit Committee for a term of three years. Miller was recently appointed Chief Executive of Motability Operations, a role he takes up at the end of […]