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 […]
The much-delayed legal action from SES against Intelsat over the division of FCC C-band incentive payments is scheduled to begin on February 7th. Two weeks have been allocated for the action. While subject to last-minute delays and Court rules over the Covid anxieties, the lawyers in the action have agreed that witnesses might appear in […]
This past year has been full of continued Covid problems and a near-absence of lucrative cruise ship passengers and crews as well as much-curtailed airline traffic which combined to severely limit revenues for In Flight business communications and cruise holiday-makers (and their families). However, the consensus from satellite industry executives is that while this past […]
Luxembourg, the domicile of satellite giants SES and Intelsat, has announced that its Luxembourg Future Fund (LFF) will invest in Canada’s NorthStar Earth & Space. The new investment will build on the partnership between Luxembourg’s Ministry of the Economy and the Canadian-based company. NorthStar claims to be the first commercial service aiming at monitoring space […]
Intelsat’s last-minute set of reorganisation agreements, the 6th Supplemental Declarations, as part of its Exit Plan reached on December 16th with some of its – relatively modest – remaining creditors should now enable the satellite operator to fully emerge from bankruptcy early in the New Year. There are some legal hurdles ahead, not least the […]
Dataxis has published its latest report on the Fixed Satellite Services (FSS) civil communications market. After years of significant growth, the decline in traditional video activity in the most developed countries is being sustained, resulting in a limited but steady decline in the turnover of FSS operators. The outlook for the future is equally becoming […]
SES’s satellite-based trunking services will enable leading Colombian fibre optic networks service provider Integra Multisolutions (IMS) to extend and enhance fibre-like connectivity for Colombian municipalities with fewer than 100,000 inhabitants located out of the reach of terrestrial infrastructure. The new service will begin on SES’s O3b medium earth orbit (MEO) constellation and later migrate onto […]
Last week, the news emerged that SES had dropped its massive $1.35 billion claim on rival Intelsat for “punitive damages” over the way Intelsat handled the negotiations with the FCC and the division of FCC ‘incentive’ payments over the C-Band Alliance. The removal of the claim allows Intelsat’s Chapter 11 bankruptcy to proceed and cancels […]
Harmonic has successfully completed technology upgrades associated with SES’s Phase 1 transition plan for C-band spectrum in just nine months. This was accomplished utilising Harmonic’s XOS Edge software-based solution for satellite media processing and edge delivery. “Tightknit collaboration between partnering companies led to a successful world-first deployment of software solutions for the transformation of C-band […]
The opening day of Intelsat’s Chapter 11 bankruptcy exit plan Confirmation Hearing saw Judge Keith Phillips’ hear explanations from Steven Serajeddini, one of Intelsat’s lawyers, that SES would scrap its demand for Intelsat to pay “punitive damages” to SES of $1.35 billion (€1.19bn). The withdrawal of the claim means that Intelsat, as its part of […]