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 […]
Harmonic has successfully completed technology upgrades associated with SES’s Phase 1 transition plan for C-band spectrum in just nine months. This was accomplished utilising Harmonic’s XOS Edge software-based solution for satellite media processing and edge delivery. “Tightknit collaboration between partnering companies led to a successful world-first deployment of software solutions for the transformation of C-band […]
Judge Keith L. Phillips opened the formal hearings into Intelsat’s Chapter 11 exit plan. The process is scheduled to last about 10 days. Around 216 lawyers and observers attended the Zoom meeting for sessions which were described as “complex”. The court was told that more than 90 percent of claimants against the various Intelsat entities […]
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 has long been a complaint from SES that Intelsat, in its complex Chapter 11 bankruptcy, is using associate and sister businesses to shift incoming cash (and in particular the so-called incentive payments from the FCC over the C-band reallocation of spectrum). SES describes the Intelsat action as playing a “shell game” and that Intelsat […]
AXESS Networks (AXESS) a global provider of encompassing connectivity solutions via satellite has been chosen by ARAB Satellite Communications Organization (ARABSAT) to provide connectivity and teleport services on Appendix 30B C-Band space segment on-board its ARABSAT-5A Satellite at an orbital location of 30.5°E with coverage footprint across Europe, Middle East, and Africa. AXESS global infrastructure […]
SES has filed various Motions in front of Intelsat’s bankruptcy court ahead of a planned hearing on the SES application for a summary judgement in its case for a 50/50 split of the FCC’s incentive payments. The FCC payments are in respect of the C-band reallocation over the US. Some of the key elements in […]
Intelsat, currently trading as a Debtor in Possession under Chapter 11 rules, has asked its bankruptcy court to start hearing its Disclosure Statement on August 11th. The original wish was for the hearing to take place on July 27th, but that now looks likely to be postponed until August 11th, given that 28 says notice […]
SES has filed its quarterly status report to the Federal Communications Commission (FCC) saying that it has completed “nearly all” of the Phase 1 satellite transitions, and will complete the task by August 31st 2021. Moreover, SES says it has installed approximately 60 per cent of the antenna filters associated with its Phase 1 transition […]
SES, in its assorted legal filings with Intelsat’s bankruptcy court, insists that it has sufficient proofs of Intelsat’s deliberate duplicity in how the end-game in the C-band allocation of the FCC’s $9.7 billion payments was managed. SES is asking the court for a Summary Judgement of its claim and the court has scheduled August 19th […]