Dissatisfied Intelsat shareholders who allege that there were breaches of fiduciary duties by certain directors at Intelsat have won their day in court. The Shareholders Foundation, in a statement, say: “According to that complaint filed in the US District Court for the Northern District of California the plaintiff alleges that the Defendants violated provisions of […]

Last week it was reported that SES Americom was arguing with Intelsat’s bankruptcy court that Intelsat should pay $1.8 billion in compensation and damages to SES because of an alleged “contract violation” over the pair’s C-band Alliance (CBA) agreement and the clearance of spectrum for 5G. SES Americom is alleging that it and Intelsat had […]

On July 15th it was reported that SES Americom was arguing with Intelsat’s bankruptcy court that Intelsat should pay $1.8 billion to SES because of a “contract violation” over the pair’s C-band Alliance (CBA) agreement and the clearance of spectrum for 5G. Following the news, satellite analyst Sami Kassab from investment bank Exane/BNPP issued a […]

SES Americom, the US division of the Luxemburg-based satellite operator, is seeking $1.8 billion (€1.5bn) in damages from Intelsat which is in bankruptcy. SES is alleging that Intelsat has breached the contract between the two operators which was agreed to handle the sale of C-band frequencies over the US. The SES filing, lodged on July […]

Intelsat, which is currently trading as a ‘debtor in possession’, will continue supplying its global satellite services to Australia-based SpeedCast International, which is also in bankruptcy reorganisation. It means that Intelsat will waive its current $44 million claim against SpeedCast and continue to be a primary bandwidth provider to SpeedCast. Speedcast entered bankruptcy on April […]

Inmarsat and Hughes Network Systems have joined Eutelsat in objecting to the FCC’s current C-band auction rules. The pair say that the FCC’s incentive scheme favours Intelsat and SES and will give the two satellite giants an unfair competitive advantage. Inmarsat and Hughes (and EchoStar Satellite Services) have written to the FCC saying they agree […]

Northrop Grumman has delivered two satellites to the Arianespace launch site in French Guiana. The two craft, a Galaxy 30 satellite as well as a second Mission Extension Vehicle (MEV-2, aka as a ‘Space Tug’) will be launched later in July on an Ariane 5 rocket. Galaxy 30 is one of Intelsat’s third-generation satellites and […]

The top six executives at Intelsat have won the bankruptcy court’s approval to receive salaries and bonus payments despite protests from the Department of Justice. The payments – worth $17 million (€15.1m) overall – are based on Intelsat’s key employee incentive (KEIP) agreements with the executives. The bankruptcy court’s Judge Keith Phillips confirmed his judgement […]

The dispute between Intelsat, itself in Chapter 11 bankruptcy protection, and the International Telecommunications Satellite Organisation (ITSO) and payments claimed as owed by Intelsat to ITSO was due to be heard by the bankruptcy court on June 30th has been delayed. It will now be heard on July 28th during the next ‘Omnibus Hearing’ by […]

The US Trustee, which is supposed to protect smaller shareholders and investors, has determined that an equity committee of common shareholders with Intelsat stock was not needed at this time but that it reserved the right to revisit the issue in the future as the bankruptcy continues. Seventy-three shareholders had combined (with some 2.3 million […]