SES, which is suing Intelsat with a $1.8 billion claim and due to go to trial in June, is looking to bring testimony from Ottawa-based Telesat into the dispute. At the heart of the legal dispute between SES and Intelsat is an argument over Intelsat’s handling of an alleged 50/50 agreed division within the C-Band […]
Airbus has confirmed that it has received an order from Intelsat for two satellites. Intelsat had requested permission from its Bankruptcy Court to go ahead with the contract. Intelsat has ordered the paid of Airbus ‘OneSat’ craft which are highly flexible satellites with next-generation software giving Intelsat a variety of technical options including frequency adaptability. […]
The demand for the FCC’s allocation of new spectrum in its current Auction 107 has been staggering. The bids and the auction have resulted in the highest-ever payments being made for spectrum. More than $80 billion has already been tabled in gross payments, and the process fully enabled by the satellite industry freeing up their […]
Intelsat, currently in Chapter 11 bankruptcy reconstruction, is asking its bankruptcy court to formally approve two new satellites for broadband In-Flight Connectivity. The craft are needed following on from its $500 million purchase last year of the commercial aviation assets of Gogo. Intelsat wants to order the pair of satellites from Airbus Defence & Space […]
Intelsat’s most senior staff received good news on December 22nd when the company’s bankruptcy court approved the request for a series of Key Employee Incentive Payments (KEIP) for 2021. But the court made some major adjustments to the core requests. The total three tier KEIP plan is trimmed downwards to $6,720,038 for the lower ‘Threshold’ […]
The FCC‘s auction (Auction 107) of C-band spectrum has reached $66.4 billion (€73.1bn) in its latest round after two weeks of bidding. This easily exceeds the former record of $45 billion raised during the AWS-3 auction held in 2015. Some reports suggest that the enthusiasm for spectrum from bidders could see extra ‘incentive’ cash going […]
Intelsat’s bankruptcy court has been asked to approve bonus payments for the operator’s key staff. The court will decide on December 21st whether to grant the request. Intelsat, in its filing earlier this week, stressed that despite the reconstruction of the company under Chapter 11, the every day work has to continue. Consequently, the KEIP […]
SES could extend its legal action currently against Intelsat to Intelsat’s affiliate businesses and even to major shareholders. The threat is included in the SES filing deposited with Intelsat’s Chapter 11 bankruptcy reconstruction court on December 4th. SES is alleging a breach of contract claim against Intelsat over the division of revenues associated with the […]
The World Teleport Association (WTA) has published its annual rankings for the Top Teleport Operators of 2020. The annual rankings of companies by revenue and revenue growth are compiled by surveying teleport operators around the world as well as referencing the published results of publicly-held companies. “The Top Operators for this year really reflected the […]
The SES vs Intelsat $1.8 billion dispute must have the lawyers on both sides rubbing their hands with glee. SES is suing Intelsat and alleging in its writ that Intelsat “betrayed its faithful contractual partner in a brazen attempt” to steal approximately $450 million. This case, alleges SES, will hold Intelsat accountable for its “unlawful […]