Declaring Chapter 11 bankruptcy protection is an expensive and often risky decision. Certainly, the costs for Intelsat’s declaration to adopt Chapter 11 cost it two years of – at best – marking time, major changes to its management team and risks that it could be penalised over the long-running dispute with SES over the division […]
Satellite operator Viasat, in a letter to the FCC, says there is growing evidence of the need to perform an environmental review before approving SpaceX’s Starlink application to launch another 30,000 low Earth orbiting satellites. Viasat’s Jarrett Taubman (VP/deputy chief of Government Affairs), in his letter, claims that SpaceX should not be allowed to expand […]
Judge Keith Phillips opened his hearing into ‘Findings of Fact and Conclusions of Law’ in the SES vs Intelsat case on April 19th. Some 84 lawyers and other interested parties were present on a Zoom call, including Stephen Spengler – Intelsat’s CEO during the bankruptcy period . A 158-page background to Intelsat’s defence was entered […]
Nigeria’s Federal Competition & Consumer Protection tribunal has confirmed a previous order to MultiChoice’s DStv and GOtv pay-TV services to stop its price increase levied on subscribers. The Tribunal, meeting in the nation’s Abuja capital, ruled on April 11 that MultiChoice cannot increase subscription prices pending a full hearing to determine the arguments for and […]
Lawyers for SES in its action against Intelsat over the division of C-band proceeds, have unsealed 142 pages of evidence, many of which had previously redacted segments. The document, filed last week and now in the public domain, goes into considerable detail over the $9.7 billion (€8.9bn) in Accelerated Relocation Payments from the FCC. SES […]
Intelsat has updated the FCC with its final report on its C-band transition. One of the 601-page document’s major elements its listing each of its clients and their Earth stations and which of them elected to take cash from Intelsat for their local filter work instead of allowing Intelsat to undertake the tasks. “Undertaking the […]
Delegates to the Satellite 2022 show and conference in Washington DC heard the FCC’s chief counsel (to chair Jessica Rosenworcel) Umair Javed say that the FCC had upped its staffing by 38 per cent in order to handle a slew of new satellite-related applications. Javed revealed that the FCC’s plan to release capacity in the […]
A report from investment analysts at Berenberg Bank looks closely at satellite operator SES, and maintains a ‘Buy’ rating although the bank softens its Price Target on the operator’s shares, and lowers its target slightly from €10 to €9.80 (today at €6.92). The bank’s report says that over the next two years SES has three […]
Lawyers for SES filed an additional motion into the court hearing its lawsuit against Intelsat over the 50/50 division of the FCC’s C-band $9.7 billion ‘incentive payments’. Intelsat’s former CFO David Tolley was deposed twice (on April 15th and October 18th) last year but was not called as a witness during the recent overall hearings […]
SES unveiled its end-of-year numbers on February 24th and in its post-results analysts call, CEO Steve Collar explained that the satellite operator was “well ahead” of its work to prepare for FCC-mandated C-band conversion work for the SES. Collar stated the C-band Phase 2 work meant SES was on track to receive the remaining $3bn […]