Israel-based speciality satellite services company Gilat reported revenues up 58 per cent for its Q4 2021 to $67.3 million (from $42.6 million for the same period in 2020). The quarter help propel Gilat to revenues for the full year to $218.9 million, up 32 per cent y-o-y. Guidance for 2022 is for revenues of between […]
The hearing of the litigation between SES and Intelsat in front of Judge Keith Phillips is now well into its second week. The dispute concerns the division of FCC ‘incentive’ payments. SES is claiming 50 per cent of the FCC’s allocation of payments, plus damages against Intelsat.. One of the many Intelsat lawyers on the […]
The formation of Jio Space Technology – a joint venture between India-based digital service provider Jio Platforms Limited (JPL) and Luxembourg-based satellite connectivity solutions provider SES – to deliver affordable broadband services leveraging satellite technology will go a long way in strengthening the overall broadband services market in India, says GlobalData, a data and analytics […]
A major Joint Venture from Reliance Jio, the giant Indian telco, and satellite operator SES, which will see Jio use the SES capacity for broadband connectivity for its Indian customers. Investment bank Exane/BNPP says the move is a major endorsement for SES and in particular its mPower fleet of satellites. The bank says: “The endorsement […]
Jio Platforms (JPL) and SES have formed a multi-year Joint Venture to supply high-performance satellite-based broadband services across India. Jio will be the anchor customer for the new JV, which will extend Jio’s network reach and resiliency by leveraging SES’s satellites in both geostationary and medium earth orbits, including O3b mPOWER fleet. JPL and SES […]
The 50/50 legal action between SES and Intelsat continues. SES, in a statement, reminded interested parties as to its claims and core argument. SES originally sought $421 million in direct compensatory damages as well as punitive damages for a total claim of about $1.8 billion. Under a settlement related to Intelsat’s exit plan from its […]
Steve Collar, CEO of SES, told the SES vs Intelsat trial currently taking place that he trusted and liked Intelsat’s CEO Steve Spengler. “He was a good guy. I liked him, and I trusted his assurance that [the 50/50 revenue agreement] between SES and Intelsat was solid,” said Collar. He told the court that it […]
SES and Eutelsat, Europe’s pair of important satellite operators, have come under the microscope from investment bank Exane/BNPP. SES comes out of the report well. Eutelsat, less so. The bank forecasts that by 2024 it estimates that SES could be 24 per cent ahead in terms of its EBITDA numbers and therefore with a 45 […]
Marlink, SES O3b mPOWER partnership Smart Network Company Marlink and SES have signed a multi-year, multi-million-euro deal, which will enable Marlink’s customers to access SES’s next-generation medium earth orbit constellation (MEO) — O3b mPOWER, the two long-term partners announced today. Under the agreement, Marlink will offer the high-throughput and low-latency O3b mPOWER dedicated connectivity services […]
SES documents submitted in the dispute between themselves and Intelsat over the division of C-band proceeds admit that the FCC decision to award some 50 per cent of the overall sum involved to Intelsat “could be bad for us”. The statement was made in an email from a senior SES executive to company colleagues. SES […]