A California court cleared Intelsat’s pre-bankruptcy major shareholders of insider trading allegationson September 27th. The action started in late 2019 with allegations over violations of the federal securities laws. The lawsuit alleges that the named defendants violated the Exchange Act by selling Intelsat shares while they were in possession of material non-public information, including that […]
Intelsat’s new CEO David Wajsgras spoke to delegates at the Euroconsult Paris World Satellite Business Week and said that Intelsat was looking at transformation on multiple levels. Intelsat is now fully emerged from bankruptcy although also surrounded by rumours that there could be a merger with arch-rival SES. Wajsgras joined Intelsat in April. He told […]
Steven Serajeddini, a partner in giant US law firm Kirkland & Ellis, which represented Intelsat during its Chapter 11 restructuring, has explained to LevFin Insights how, as debtors’ counsel, they overcame many of the challenges faced by Intelsat during the process. He said that key to the settlement was consensus although it took “two hard-fought […]
Alaskan service provider GCI has signed a $150 million contract with Intelsat to expand telecoms capacity in rural areas of the US state. GCI is already very experienced in providing satellite-based services. It has delivered geosynchronous (GEO) satellite-based connectivity for 35 years to provide data, video and voice services in the state. The new deal […]
Intelsat lost full control of its Galaxy 15 satellite on August 10th when it experienced an “anomaly”. Intelsat speedily transferred its clients to other satellites but it is now clear that the satellite is drifting and has been since at least August 15th. The theory is that Galaxy 15 was hit by an intense geomagnetic […]
Intelsat, the satellite and terrestrial network operator, has signed a contract with Box Brazil, a Brazilian independent group of pay-TV channels and streaming platforms, to distribute six channels on Intelsat 14 (IS-14) at 45°WL. Channels they are bringing to the neighbourhood include Prime Box Brazil, Music Box Brazil, Travel Box Brazil, Fashion TV, Box, and […]
Intelsat has informed the FCC that it has lost overall control of its Galaxy 15 satellite probably as a result of a geomagnetic storm. It is the second time that the satellite has suffered problems in orbit. The official notification to the FCC says: “Galaxy 15 is currently authorized to operate at the 133.0° West […]
A long-running dispute between Tel Aviv-based satellite operator Space-Communications Ltd (Spacecom) against Intelsat and centred on an agreement between the two has resulted in Spacecom being awarded an agreed payment of $1 million by Intelsat’s bankruptcy court. Intelsat and Spacecom both operated satellites at 65 degrees East or nearby. Intelsat agreed to pay Spacecom $650,000 […]
Eutelsat Communications has announced that Richard Mortellaro has been appointed to the position of President and CEO of Eutelsat America Corp (EAC). He will succeed David Bair who is retiring. EAC delivers communications services and solutions to US Government and Military customers around the globe in support of national security missions. Mortellaro joins EAC after […]
Intelsat and OneWeb have signed a “global distribution” partnership, an initiative to provide a global service for In Flight Communications and broadband to aircraft. Intelsat already has considerable skin in the game because it bought in 2020 the commercial aviation connectivity business from Gogo for what many have seen as being a timely ‘bargain’ of […]