Intelsat’s Chapter 11 bankruptcy court will hold an omnibus hearing on March 17th. The remote video hearing will see Judge Philips hear a number of motions. Three important items listed for hearing are the application by Intelsat’s lawyers for the court to approve Intelsat’s request for an “Expedited” process for its exit plan from bankruptcy. […]
Romain Bausch has confirmed he is shortly to stand down as Chairman of the SES Board. In a letter to shareholders within the company’s latest Annual Report, he said: “I have been at the helm of the company for 25 years, firstly as CEO and latterly as Chairman and with the company now entering an […]
The $1.8 billion legal claim by SES on Intelsat concerning the SES claim on the split of FCC’s C-band incentive payments rumbles on, but with some tough comments from an SES submission to Intelsat’s bankruptcy court. SES filed its further motion with Intelsat’s bankruptcy court on March 3rd and wants the court to determine which […]
A study from Northern Sky research (NSR) confirms a definite downward trend in video-related revenues for the world’s main satellite operators. NRS’s Satellite Industry’s Financial Analysis, 10th Edition report gives
Sami Kassab, satellite analyst at investment bank Exane/BNPP, says that Covid-19 was not helping SES achieve its target revenue numbers, but the 9 per cent tumble in SES Video was the worst quarter of the year, and a worry. In a report to clients, Kassab recognised that SES had signed new and renewed orders worth […]
During its results call with analysts, SES explained that its “unparalleled reach” continued to expand. Back in 2016, it reached some 325 million homes (more than a billion people) and was delivering about 7,741 channels. By Q3/2020 its channel count had expanded to 8,157, the Number 1 supplier of channels in the industry. Drilling down […]
German public broadcaster Westdeutscher Rundfunk (WDR), regional member of the ARD broadcasting group operating in North Rhine-Westphalia, has expanded its partnership with SES to secure an additional transponder for HD programming on ASTRA 19.2 degrees East orbital position in a multi-year contract. Starting March 3rd, viewers in the region will be able to receive WDR’s […]
Ahead of its results announcement, SES confirmed it had extended its contract with Sky UK that will result in a €90 million gain in its secured backlog. SES added: “By the end of the renewed contract, Sky UK will have been an SES customer continuously for almost four decades.” “This is a significant, multi-transponder, multi-year […]
The past few days have seen a slew of press statements from SES regarding contract renewals and fresh deals. The latest pair come ahead of the satellite operator’s results statement on February 25th. None of the releases are quantified in terms of value, but no doubt questions will be asked by the analysts on the […]
SES has announced content agreements with NHK and a number of cruise operators ahead of its results statement on February 25th. Japanese public broadcaster NHK World has re-signed a multi-year contract for distribution in HD from 19.2 degrees East to more than 45 million homes over Europe. Additionally, SES Networks has contracted capacity agreements with […]