The judge in Intelsat’s Chapter 11 bankruptcy has already overruled the US Trustee’s strongly voiced objections to the future hearings in the Intelsat case being heard in private (‘under seal’) and not open to the public or other interested parties. The Trustee, in a formal motion to the court on August 30th, again mounted a […]
On September 1st the Intelsat bankruptcy court is scheduled to hold a pre-trial hearing on the SES claim for a greater share of the FCC’s incentive payments due from the C-band clearing process and auction. SES, in a filing to the court on August 25th, is asking that the actual trial scheduled for September 20th […]
There are many pages of potential problems to be overcome by Intelsat as it proceeds towards its proposed Exit Plan from bankruptcy under its Amended Plan. But two Luxembourg entities figure largely in the 607-page filing to its US bankruptcy court on August 24th. The first is Intelsat arch-rival SES, very much based in Luxembourg, […]
Intelsat has told its Chapter 11 bankruptcy court that it has achieved the support of some of its major debt holders. Intelsat says that it could lead to a “comprehensive” financial restructuring that would reduce the operator’s debt by more than half – from almost $15 billion (€12.7bn) to $7 billion. The proposal, which comes […]
The August 19th application by Intelsat and SES to have much of their court arguments heard privately was granted by Intelsat’s Chapter 11 bankruptcy Judge. Despite a strong case submitted by the US Trustee, who argued that the two litigants were seeking to close the courthouse door during their submissions and that the public had […]
August 19th is a busy day for Judge Keith Phillips in his bankruptcy court. A morning session has listed eight motions related to the sealing of sessions (that is holding hearings in complete privacy). Other elements to be decided include SES’s application for Summary Judgement in its $1.8 billion claim against Intelsat. However, the United […]
SES and Intelsat have listed their respective witnesses for the upcoming trial between the two litigants over the SES claim for a larger share of the FCC’s incentive payments in regard to their alleged C-band agreement. The action is expected to commence on September 20th. The two parties were obliged to issue their list of […]
Luxembourg is already well-known for space and satellite activity. As well as being the home for satellite giant SES Astra, it is also the formal domicile for SES’s arch-rival Intelsat (although Intelsat is actually run from Washington, DC). Now Spacety Luxembourg is hoping to emulate its established colleagues. Italy-based T4i and Spacety Luxembourg have signed […]
Intelsat, in a comprehensive motion filed August 13th with its Chapter 11 bankruptcy reconstruction court, is asking the court to extend its bankruptcy timetable. Intelsat says that considerable progress is being made via mediation between the various parties, including SES. Intelsat says: “With the support and guidance of the Mediator, [we] have exhaustively reviewed and […]
Both SES and Intelsat are seeking an expedited hearing and court approval for a ‘sealed session’ for an upcoming hearing on August 19th as part of the pair’s litigation in the overall C-band dispute to be heard on a confidential basis. The two litigants stated to Intelsat’s Chapter 11 bankruptcy court: “These [August 19] motions […]