As rumoured, Intelsat is to buy the Commercial Aviation division of In-Flight broadband business Gogo. Intelsat will pay $400 million in cash for the asset. Gogo’s installed base has more than 3,000 commercial aircraft in use to redefine the connectivity experience. Gogo claims the world’s top spot in terms of in-flight connectivity. Major clients include […]
Intelsat, despite its Chapter 11 bankruptcy position, is looking to acquire a business. There are already market rumours that in-flight connectivity company Gogo is the target company. Intelsat, in its court documents, say: “The Debtors believe that, in order to remain competitive and to maximize their value as a go-forward enterprise, they must be able […]
Unconfirmed reports say that satellite giant Intelsat – despite being in Chapter 11 bankruptcy – is looking to buy the commercial aviation portion of in-flight connectivity specialist Gogo. Gogo announced a few weeks ago that it was looking to sell its commercial aviation division. Gogo said it would retain its private aviation business. Gogo’s share […]
The US Trustee, a division of the US Justice Department, has applied to Intelsat’s bankruptcy court asking for the court to rule that the “hundreds of millions” being held in associated locations, companies and banks must be added to Intelsat’s bankruptcy pile. The Trustee is objecting to the current scheme. Intelsat has been approved to […]
Intelsat’s submission to the FCC for its transition plan explains that its client list – in normal non-Covid times – requires a large slice of capacity to support Occasional Use (OU) and Contribution services. In 2019, without the problems of Covid-19, amounted to some 20 transponders-worth of bandwidth at maximum demand and supporting 16,000 C-band […]
Intelsat filed for Chapter 11 reorganisation on May 13th, and more details are now emerging as to how it hopes it can restructure its debts and financial obligations. Bankruptcy protection means it does not have to pay interest on its unsecured debts, and a saving of some $102 million each month. But it has to […]
Commercial geostationary satellites are staying in orbit longer than ever, and well beyond their original design lives. A study from Roger Rusch, president of research firm TelAstra, In essence, Rusch says that while ten years ago in 2009 there were an average of 15 per cent of satellites with extended lives in orbit, today the […]
Satellite and terrestrial network operator Intelsat has been selected to continue distributing content for ViacomCBS Networks International (VCNI) in Central Europe, Eastern Europe and across the Asia Pacific region. VCNI delivers premium content through notable brands such as BET, MTV and Nickelodeon to a worldwide audience of billions across both traditional and emerging platforms. In […]
Intelsat’s Q2 results, to June 30th, were not impressive. The company is in Chapter 11 bankruptcy reconstruction as a ‘debtor in possession’ and it is near-certain that it will exit bankruptcy in a stronger position, but at the moment the negative news is extensive. For example: Network Services (worth 37 per cent of Intelsat’s total […]
Eutelsat and Intelsat have signed a long-term agreement to operate jointly over the 48 degrees East orbital slot. Both operators have certain orbital rights to the position. Eutelsat has already built its ‘Quantum’ satellite which will be positioned at the location by the end of this year. The 48 degrees East location is considered ideal […]