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 […]
The FCC has approved Intelsat’s exit from Chapter 11 bankruptcy and the transfer of the ‘old’ company’s ‘debtor in possession’ (DIP) assets to the newly established parent business based in Luxembourg. The FCC’s International Bureau chief Thomas Sullivan said the transfer was in the public interest and approved the request. The FCC ruling explains the […]
The SES vs Intelsat 50/50 trial over FCC C-band incentive payments has finished its initial examination and cross examination of witnesses. Far fewer witnesses were called by either party and consequently the hearings lasted just 6 full days instead of the 10-12 initially expected. Judge Keith Phillips ruled that both parties must submit their “findings […]
Eutelsat had a bad day on February 17th in terms of its share price. Poor half-year results and the company pushing out to its 2023/2024 financial year any prospect of much improvement, drove its share price down from €11.39 to €10.70. There are also two satellite launches which are suffering damaging delays. The Paris-based satellite […]
The hearing of the litigation between SES and Intelsat in front of Judge Keith Phillips is now well into its second week. The dispute concerns the division of FCC ‘incentive’ payments. SES is claiming 50 per cent of the FCC’s allocation of payments, plus damages against Intelsat.. One of the many Intelsat lawyers on the […]
The FCC is to make major changes to how it registers the licensing of satellites. The plans come from bipartisan proposals, currently in draft form, from the US House Energy and Commerce Committee and the release of a pair of Bills which should improve how the FCC handles the registration of new satellite proposals. The […]