SES and the University of Luxembourg’s Interdisciplinary Centre for Security, Reliability and Trust (SnT) have announced the creation of a joint lab that will explore the benefits of high-throughput satellite systems in the areas of next-generation networks, including quantum communications and cybersecurity. The agreement will see both institutions jointly utilise facilities at their respective sites […]
Two years ago, French president Emmanuel Macron said he would create a Space Force. On October 12th, he backed up his promise with a €30 billion commitment for investment in France’s high-tech sectors. “We want to have Elon Musks in France,” he told an audience at the Elysée Palace. Macron said that Musk and his […]
Last week it was an Intelsat motion to its bankruptcy court that accused SES of being “on a warpath” as far as its allegations over SES claims concerning how the FCC’s C-band incentive payments were concerned. SES responded on October 11th with a detailed rebuttal saying it had proposed “numerous compromises” to Intelsat and asked […]
The long-running legal dispute between SES and Intelsat over the division of the FCC’s ‘incentive’ payments regarding the C-Band Alliance has provoked another tough response from Intelsat’s lawyers. A filing into Intelsat’s bankruptcy court on October 6 states that “SES has been on a warpath in this proceeding” and had spent millions of dollars “and […]
Steve Collar, CEO at SES, speaking at the Satellite Innovation conference in Mountain View, California, told delegates that consolidation in the industry was more likely than ever. But that the structure of the industry could hinder any such deals. He stressed that the industry was in a really good place, adding that innovation was greater […]
Patrick Drahi might not have William Shatner in his portfolio of headline-grabbing assets, and rich as he is, Drahi certainly cannot compete with the likes of Elon Musk or Jeff Bezos in terms of cash-at-hand. But few will be surprised if Drahi doesn’t now come up with a Plan B to acquire Eutelsat. Certainly his […]
The bid for Eutelsat by businessman Patrick Drahi, rejected by the satellite company, might well trigger other bidders to enter the picture. Sami Kassab, equity analyst at investment bank Exane/BNPP, poses some interesting suggestions as to potential rival bidders to Drahi. Kassab argues that the key to anyone’s success in the validation of the bid […]
SES and Sirius TV are working to beam DTH channels to Smart Digital International, the Malaysian DTH operator. The broadcaster has signed a multi-year contract with SES to deliver a new bouquet of satellite TV channels across Malaysia. Terms were not revealed. The Sirius Basic subscription package launched on October 1st with 13 initial channels, […]
Eutelsat shareholders had a prosperous day on September 30th when the company’s share price rose dramatically by an initial 15.6 per cent (to €11.97), just below Patrick Drahi’s reported €12 bid. Eutelsat confirmed receipt of the bid, and rejected the approach. This suggests either Drahi doesn’t have the backing of state-backed BPI or else – […]
Judge Keith Phillips, presiding over Intelsat’s Chapter 11 bankruptcy reconstruction, has rejected the call for an independent examiner to be brought in. The request was made by a small group of equity shareholders to investigate claims of potential mismanagement and other ways to bring in more money for creditors that they say the company has […]