The FT reports that as Intelsat emerges from its Chapter 11 bankruptcy reconstruction the satellite operator will lose its CEO Steve Spengler (who will leave with a pay-out of at least $4 million) but could also find itself open to a takeover. SES is mentioned as a potential buyer. The FT quotes analyst Armand Musey, […]
Bloomberg, in what investment bank Exane/BNPP describes as an “informal survey”, has suggested that Eutelsat and ITV are “most likely takeover” candidates. The bank suggests that ITV has been in the Bloomberg poll fairly frequently over the past ten years. Other companies named as possible takeover targets include KPN, Telecom Italia, Invit, Nokia, ProSiebenSat. 1 […]
John-Paul Hemingway, currently heading up SES’s Networks division, is being promoted to Chief Strategy & Product Officer (CSPO). Hemingway is being tasked to build and deliver the services and solutions that create the most value for SES customers and partners, as well as their end-users. “The newly-created function brings together the Corporate Strategy, Product, Commercial […]
Last week saw Intelsat’s lawyers submit their arguments to the court in advance of the trial scheduled for February 7th. Intelsat gave a number of reasons why they believe the SES claim for 50 per cent of the FCC’s incentive payments for clearing C-Band spectrum should fail. Lawyers for SES, on January 14th, submitted their […]
The long-running dispute between SES and Intelsat over the SES claim for a full 50 per cent share of the FCC’s C-band accelerate incentive payments is now getting to the focal point in their arguments. Intelsat’s lawyers submitted 134 pages of Exhibits that they depend on and potentially used to support their rebuttal of the […]
Satellite operator SES has launched an X-band service platform from its Government Services division. It is being operated via a partnership with Luxembourg-based GovSat and Network Innovations. The system is called tactiXs. The full end-to-end managed service is said to provide practical, cost-effective solutions to mission parameters by allowing the customer to purchase a volume-based […]
Analysts at investment bank BNP/Paribas, in a report on the media sector and satellite activity, suggest that the existing market (notably Europe’s two satellite giants SES and Eutelsat) could be affected by the EU’s decision on plans for a European-financed Low Earth orbiting constellation. The bank says: “In 2022, the EU is likely to make […]
Globecast, the global solutions provider for media, has announced that GAC Media, home to GAC Family and GAC Living channels, has chosen its cloud playout services, along with satellite distribution, to support both networks. GAC Family and GAC Living launched in September 2021 as new destinations for family-friendly programming. GAC Family (formerly Great American Country) debuted […]
SES is just a few weeks away from launching its next – and significantly more powerful – batch of O3b satellites. SES is anticipating the launch of three new satellites in Q1 to join the existing O3b fleet of Medium Earth orbiting (MEO) craft. The second batch of another three will launch in Q2. These […]
A report from investment bank Berenberg says SES is “on track” to receive post-tax C-band proceeds of over 80 per cent of its market capitalisation in just over the next two years. The bank says: “This creates significant optionality for shareholder returns, balance sheet repair and disciplined investment. As phase one C-band proceeds are received […]