The world’s three leading satellite operators are talking about mergers. Eutelsat has announced its plan to merge with OneWeb, while SES is reported to be in talks to merge with Intelsat. But the market has delivered a devastating comment on both sets of reports. For example, Eutelsat suffered a massive fall in its share price […]
While the market will no doubt be talking about a potential merger between SES and Intelsat, SES reported its half-year financials on August 4th. However, the numbers show that SES’s Video division, still a very important element of the company’s revenue stream, was down 7 per cent (y-o-y) despite being helped by a growing income […]
SES and Intelsat are reportedly in talks about a possible combination, says the Financial Times. The two satellite giants are in active discussions about the structure of any potential deal, according to three people familiar with the matter, says the FT, as a wave of mergers and acquisitions sweeps across the satellite industry. “Neither wants […]
Hill vs Silver Lake Group is the name for a consolidated Class Action against investors in Intelsat and alleging that some investors and individuals deliberately sold their share in Intelsat in November 2019 – prior to the company’s Chapter 11 bankruptcy as a result of inside information. The then chairman of Intelsat, David McGlade, is […]
Satellite networking technology provider Gilat Satellite Networks is further expanding its strategic in-flight connectivity (IFC) partnership in Japan with satellite telecom network operator Intelsat. Intelsat is augmenting its commercial and business aviation services in Japan to support even higher levels of IFC reliability for air travellers by expanding the network with two additional SkyEdge II-c […]
Intelsat says that its Galaxy-19 satellite has North America’s largest number of free-to-air channels targeting multi-cultural immigrant communities and faith-based channels. Intelsat’s Galaxy 19 video neighbourhood is the largest independent TV and radio community in North America, with over 160 multicultural and faith-based channels bringing specialty content from 60 countries and 30 languages directly to […]
June 30th saw Intelsat’s Chapter 11 bankruptcy confirm another stage in its overall exit from its financial reconstruction. Judge Keith Phillips signed off Intelsat’s Final Decree which affected dozens of “Affiliated Cases” and involving most of the Intelsat sister and subsidiary trading entities. A few cases remain pending and open to be resolved and include […]
Equity analysts at Credit Suisse have asked a key question in a fresh report and pondering whether a merger between the world’s two biggest satellites operators, SES and Intelsat, both based in Luxembourg, would pan out. Their answer is a simple: you bet it would. The bank’s report (European Satellite: Scaling Up) suggests that there […]
Lawyers for Intelsat’s bankruptcy filed a motion to the satellite operator’s bankruptcy court saying that they will be applying for a ‘Final Decree’ on or before June 29th. The document recognises that there may be other matters and claims still outstanding after that date. Intelsat’s Fourth Chapter 11 Plan of Reorganisation was filed back on […]
Air Canada has contracted with Intelsat to equip up to 45 Airbus A321 aircraft with Intelsat’s In-Flight Entertainment and Communications technology. The agreement sees Intelsat supply its 2Ku satellite connectivity solution on Air Canada’s upcoming Airbus A321XLR fleet and which will be installed on the Airbus production line in Hamburg, Germany. Additionally, Air Canada says […]