The first-quarter results from satellite operator SES were buoyant, and helped by a commitment to buy in €100 millions-worth of its own shares for cancellation helped boost SES’s share price by almost 10 percent. At the end of the day the shares were up 9.3 per cent to – a still miserable in some eyes […]
SES used its Q1 results statement to announce a €100 million share buy-back programme, declaring that it had made a strong start to this financial year. Its currently all-important Video division is moving steadily forward. SES has seen Video revenues grow from a minus 8 per cent overall y-o-y fall to a minus 4.6 per […]
Satellite operator SES has secured a US government contract for its Government Solutions division. The contract award is worth $35 million and will supply connectivity in support of a major US Department of Defense combatant command. SES, in its statement, said: “[The contract] provides reach-back capabilities from forward-stationed units in remote locations to Europe, the […]
The Court handling Intelsat’s Chapter 11 bankruptcy reconstruction has agreed to delay the trial between SES and Intelsat and the SES claim over how the FCC’s C-band incentive payments are apportioned. SES is claiming that it is entitled to a greater share of the FCC payment and in addition is alleging that Intelsat is deliberately […]
German pay-TV broadcaster Motor Presse TV, a subsidiary of Motor Presse Stuttgart, has extended its long-term partnership with satellite operator SES. Motor Presse TV will start using SES’s end-to-end video cloud services, including its new Cloud Playout solution, to manage and distribute its two channels to Germany and Norway – ‘Auto, Motor & Sport TV’ […]
This week Eutelsat confirmed it would invest $550 million in broadband constellation OneWeb in return for a 24 percent stake in OneWeb. Ratings agency Fitch has given a “BBB” rating for Eutelsat with a “Stable Outlook”. The ratings report comes as investment bank Exane/BNPP also slightly modified its view of the deal, saying: “This initial […]
The Federal Communications Commission (FCC) has granted Elon Musk permission to lower the orbital heights of its Starlink broadband satellite system. “Specifically, we modify the license by reducing the number of satellites from 4,409 to 4,408; modifying the primary operational altitude specified for 2,814 satellites, to change it from the 1,100-1,300 km range to the […]
Satellite operator SES says it has signed a multi-year extension agreement with German regional public broadcaster Bayerische Medien Technik GmbH (bmt) for its 14 free-to-air channels. The agreement extends the existing relationship for HD capacity from Astra’s satellites at 19.2 degrees East. bmt is a subsidiary of the Bayerische Landeszentrale für neue Medien (BLM), the […]
There’s to be a hearing at Intelsat’s bankruptcy court tomorrow (April 27th) where the judge will hear motions including those from SES which is looking for the court to compel Intelsat to release more documents (and to hear the related Intelsat replies). The SES requests are firmly denied by Intelsat. However, the court was informed […]
The bitter C-band dispute between SES and Intelsat, and where SES is arguing for a greater share of the FCC’s incentive payments, will now be heard by Intelsat’s bankruptcy judge on April 27th. The hearing, according to Judge Phillips’ decision, will be heard in camera. The full transcript of the judge’s April 20th hearing has […]