Northern Sky Research (NSR) in its latest analysis says that, during the current decade, satellite manufacturing will see some 24,700 satellites launched into orbit. This forecast includes commitments from the proposed mega-constellations. “Upcoming deadlines for international
The insider trading allegations against certain Intelsat shareholders and a key member of staff is coming to court in July. A Class Action is being heard in the US District Court (Northern District of California, at Oakland) by Judge Jeffery White. The Action revolves around allegations that Intelsat shareholders Silver Lake Group LLC and BC […]
Judge Keith Phillips, who is overseeing Intelsat’s Chapter 11 bankruptcy reconstruction, has formally confirmed that the trial date for the SES vs Intelsat dispute over FCC payment allocations will start on September 20th. A series of key requirements leading up to that date must also be met, said the Court’s order. Separately, SES is seeking […]
SES, in its assorted legal filings with Intelsat’s bankruptcy court, insists that it has sufficient proofs of Intelsat’s deliberate duplicity in how the end-game in the C-band allocation of the FCC’s $9.7 billion payments was managed. SES is asking the court for a Summary Judgement of its claim and the court has scheduled August 19th […]
SES continues with its legal onslaught on Intelsat and a $1.8 billion claim for a greater share of the FCC’s $9.7 million incentive payments, and for punitive damages to be levied by the bankruptcy court on Intelsat. Following on from the formal request for Summary Judgement in its case against Intelsat, SES has issued a […]
Intelsat’s senior executives continue to benefit from the company’s Key Employee Incentive Plan (KEIP) which means that CEO Stephen Spengler is still paid $130,555 per month. Spengler has received more than $8 million since Chapter 11 was declared according to Intelsat’s monthly report and summary documents filed with Intelsat’s Chapter 11 bankruptcy reconstruction court on […]
An 80-page document from SES, filed on June 16th with Intelsat’s Chapter 11 bankruptcy court, lays out in historical detail why it wants the court to heavily penalise Intelsat for its alleged “wilful and intentional breaching of its fiduciary duties”. SES is asking the bankruptcy court to issue a Summary Judgement in favour of SES […]
Intelsat’s exit from its Chapter 11 restructuring could be badly delayed and distributions to other creditors limited by the dispute between SES and Intelsat over C-band payments from the FCC. SES is claiming at least $420 million, and potentially $1.8 billion if the bankruptcy court awards punitive damages, over the way the FCC’s incentive payments […]
The legal dispute between SES and Intelsat has now extended itself to the FCC, and the FCC’s official licensing of C-band frequencies. Intelsat, on June 11th, filed a formal submission to the FCC and clarified which of the many Intelsat businesses actually held the C-band licences over the US. On June 10th, SES Americom filed […]
SpaceX is reportedly in talks with several airlines about them utilising its Starlink broadband satellite system on their aircraft. Jonathan Hofeller, SpaceX’s VP of Starlink and commercial sales, told a panel at the Connected Aviation Intelligence Summit on June 9th that Starlink was in talks with several airlines and had carried out “some” demonstrations. Starlink […]