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 […]
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 […]