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 […]
Intelsat’s bankruptcy court on December 3rd said the dispute between SES Americom and Intelsat would go to trial next June. The news coincides with a 126-page filing to Intelsat’s court from SES which pulls no punches in its claims. At the heart of the legal dispute between SES and Intelsat is an argument over Intelsat’s […]
A trio of complaints against how Intelsat handled the sale of shares prior to its entry into Chapter 11 bankruptcy reconstruction, and which is being heard in a California federal court, has seen the complaints consolidated. The cases are said to involve “the same factual allegations, the same defendants, and the same legal claims,” and […]
The International Telecommunications Satellite Organisation (ITSO) comprises 149 member nations. The organisation is the holder of a United Nations mandate created in 1973 and was the forerunner of Intelsat. Intelsat was privatised in 2001 and ITSO’s mission is to monitor the performance of Intelsat’s public service obligations and to safeguard the Parties’ Common Heritage. Intelsat […]
Satellite operator Intelsat has completed its acquisition of the Commercial Aviation business of Gogo, which it says creates the world’s leading provider of inflight broadband connectivity to the commercial aviation industry. The closing of the $400 million cash deal brings together two complementary enterprises — the world’s largest satellite operator with the leading provider of […]
Next week sees the start of the Federal Communications Commission’s (FCC) auction of satellite C-band spectrum in the US. Satellite operators are in the process of clearing a total of 280 MHz of spectrum in the C-band (3.7-3.98 GHz) for repurposing for 5G use. Most observers expect the auction to generate billions of dollars to […]
Intelsat is currently working its way through its Chapter 11 bankruptcy reorganisation. Prior to the declaration of bankruptcy, the company’s debt burden was some $15.2 billion. It was massively weighed down by interest payments on that debt, costing the company more than $200 million per quarter-year. Intelsat says it is looking to mitigate a major […]
The satellite industry’s big 5 operators (Intelsat, SES, Eutelsat, Telesat and Viasat) have all now reported their quarterly numbers and – in summary – they are not good. Sami Kassab, an analyst at investment bank Exane/BNPP, in a useful summary note to clients says that overall, operating trends for the industry remain challenging with Intelsat […]
Intelsat unveiled its Q3 results after the market closed on November 5th, and its Media segment (42 per cent of overall revenues) saw revenues of $203.5 million for the three months to September 30th. This was a fall of 9 per cent compared to the same period a year earlier. Intelsat is working its way […]
With SES taking a larger slice of Canal+ capacity requirements, it is inevitable that there had to be a loser. That satellite operator is the Intelsat/Telenor position at 1-degree West. Canal+ owned-M7 group will consolidate its Eastern European coverage on SES at 23.5 degrees East cutting out Intelsat/Telenor at 1 West. SES is thus gaining […]