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 […]
Steve Spengler, Intelsat’s CEO, firmly denies being the conduit for any alleged insider trading information over the sale of Intelsat stock by certain shareholders and the company’s chairman Dave McGlade. It has been alleged that two major investors, and Intelsat’s chairman Dave McGlade, sold in total some $260 million (€230m) of Intelsat stock ahead of […]
Judge Keith L. Phillips opened the formal hearings into Intelsat’s Chapter 11 exit plan. The process is scheduled to last about 10 days. Around 216 lawyers and observers attended the Zoom meeting for sessions which were described as “complex”. The court was told that more than 90 percent of claimants against the various Intelsat entities […]
SES Government Solutions, a wholly-owned subsidiary of Luxembourg-based satellite operator SES, has announced its new Common Operational Picture (COP) platform, Hydra, built exclusively to serve the US Government and military. Managed and operated in-house, SES says Hydra is a modular web-based monitoring and control system that provides end-to-end situational awareness in a single unified operational […]