Lawyers for SES filed an additional motion into the court hearing its lawsuit against Intelsat over the 50/50 division of the FCC’s C-band $9.7 billion ‘incentive payments’. Intelsat’s former CFO David Tolley was deposed twice (on April 15th and October 18th) last year but was not called as a witness during the recent overall hearings […]
RT America, the US version of Russian-backed news channel RT, is to close its US studios and lay off most of its staff. Its bureaus in New York, Washington, Miami and Los Angeles are affected. Misha Solodovnikov, the general manager of T&R Productions, the company that produces RT America, told staff in an email that […]
SES unveiled its end-of-year numbers on February 24th and in its post-results analysts call, CEO Steve Collar explained that the satellite operator was “well ahead” of its work to prepare for FCC-mandated C-band conversion work for the SES. Collar stated the C-band Phase 2 work meant SES was on track to receive the remaining $3bn […]
Satellite operator SES reported rising net profits up 69 per cent to €323 million (€191m in 2020), helped by lower operating costs and interest expenses. Shareholders will be pleased that the overall improvement in the operator’s prospects mean that this year’s dividend will rise to €0.50 (from €0.40), a 25 per cent rise. SES said […]
Intelsat has formally confirmed its emergence from Chapter 11 reconstruction. The satellite operator said it had emerged as a private company with a substantially strengthened capital structure to support its growth as the leader in satellite communications. This final milestone follows receipt of regulatory approvals, completion of certain corporate actions, and satisfaction of other customary […]
The Kudelski Group, a global player in digital security, has published its 2021 annual results. In 2021, total revenues and other operating income increased to $778.8 million (€686.3m) from $741.5 million in 2020, reflecting higher sales in Digital TV, Cybersecurity and IoT. The Group generated EBITDA of $72.4 million, a $8 million improvement from the […]
The FCC has approved Intelsat’s exit from Chapter 11 bankruptcy and the transfer of the ‘old’ company’s ‘debtor in possession’ (DIP) assets to the newly established parent business based in Luxembourg. The FCC’s International Bureau chief Thomas Sullivan said the transfer was in the public interest and approved the request. The FCC ruling explains the […]
The DVB-NIP specification has been approved by DVB’s Steering Board, bridging the gap between broadband and broadcast networks and paving the way for a converged media distribution solution. DVB-NIP is the result of one year of technical work by representatives of more than 13 DVB Member companies from across the media delivery value chain. The […]
Discovery Deutschland has extended its existing partnership with SES, securing long-term satellite capacity for the distribution of its movie channel TELE 5 HD on the SES’s prime TV neighbourhood at ASTRA 19.2 degrees East. The channel continues to be available free-to-air in standard definition and in high definition on HD+, SES’s German media platform. As […]
The SES vs Intelsat 50/50 trial over FCC C-band incentive payments has finished its initial examination and cross examination of witnesses. Far fewer witnesses were called by either party and consequently the hearings lasted just 6 full days instead of the 10-12 initially expected. Judge Keith Phillips ruled that both parties must submit their “findings […]