Chris Forrester is one of the most experienced and highly regarded journalists in the field. His insight and analysis, particularly in the satellite and pay-TV arena, is highly prized. He has written for all the major business journals in the sector as well as several national newspapers.
The European Investment Bank (EIB) has created a €500 million fund for Space-based technology. The fund, ‘Space Tech EU’ is intended to bring together the skills of the of EIB, the European Commission and the European Space Agency (ESA) to help de-risk space projects, making them more acceptable for other financing from European banks. The […]
The main news on Paris-based Eutelsat recently has been focused on cash-raising and its financial restructuring. Eutelsat is not alone in seeing in long-standing DTH satellite transmissions being under pressure and even though these broadcasts will almost certainly continue for a few decades yet, there’s no doubt that viewers are increasingly switching away from DTH […]
Moody’s Ratings has upgraded Eutelsat’s long-term debt to Ba3 from B2, the rating agency has announced. The upgrade follows Eutelsat’s announcement of a €670 million rights issue as part of its €1.5 billion capital raise. The company had already completed a reserved issuance on November 21st, which raised €828 million at €4.00 per share. The […]
Declan Ganley, CEO at Rivada Space Networks, says his firm has won a long-running dispute with Chinese-backed entities over Rivada’s rights to satellite spectrum. He commented: “I received good Thanksgiving day news from my excellent legal teams in Liechtenstein and Germany.” Ganley added: “[The decision is] a crushing victory over Chinese backed lawfare as we […]
The past week has seen Paris-based satellite operator Eutelsat raise some €1.5 billion overall in fresh money to improve its reserves and to finance investment in the proposed IRIS2 mega-constellation. But while majority shareholders have supported the cash raising exercises, the Rights Issue, raising €670 million, has seemingly upset minority shareholders. Eutelsat’s share price has […]
A batch of Amazon Leo broadband-by-satellite craft are on their way to Arianespace’s launch site in French Guiana. The satellites are set to be launched on an Ariane 64 version rocket. Satellites are transported in specialised, temperature-controlled containers en route to French Guiana, where they’ll be processed and integrated ahead of launch on the debut […]
Analysts at investment bank Deutsche Bank have outlined some aggressive share price targets for would-be global Direct-to-Device (D2D) satellite operator AST SpaceMobile. The current share price target is an already bullish $81 (€70) per share. AST’s shares are trading at about $58-$65 per share, with the market in general awaiting the upcoming mid-December launch of […]
AST SpaceMobile’s president Scott Wisniewski spoke about AST’s mobile operator-first approach, comprehensive spectrum position, and massive market opportunity – positioning it to deliver transformative direct-to-device connectivity to billions worldwide. Wisniewski was addressing Deutsche Bank’s Global Space Summit in New York last week. He told delegates: “We have incredible terrestrial connectivity compared to where we started […]
Israel-based satellite communications specialist Gilat Satellite Networks says it has received a new order worth more than $6 million for its Wavestream Gateway Solid State Power Amplifiers (SSPAs) to support Low Earth Orbit (LEO) constellations. Deliveries are expected over the next 12 months. That’s good news for Gilat and adds to its roster of recent […]
Germany has explained its plans for its space policy. The German defence ministry, in a statement on November 19th, and with a detailed report from Boris Pistorius, German’s defence minister, and Johann Wadephul, the country’s foreign affairs minister, said they wanted to ensure and secure Germany’s long-term ability to act in space – in both […]
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