Chris Forrester is one of the most experienced and highly regarded journalists in the field. His insight and analysis, particularly in the satellite and pay-TV arena, is highly prized. He has written for all the major business journals in the sector as well as several national newspapers.
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 […]
Jeff Bezos is offering a seat on the debut passenger launch of Blue Origin’s New Shepard rocket. Those interested can bid for the solitary place. The flight is scheduled for July 20th and will be a globally publicised event, such is its importance. Blue Origin said: “We are offering one seat on this first flight […]
Eutelsat’s CEO Rodolphe Belmer has explained in some detail why it made its move on OneWeb. Last week it announced it would place $550 million into OneWeb in return for a 24 per cent shareholding. The 24 per cent stake puts Eutelsat at an equal level as the two existing investors. Eutelsat will have 3 […]
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 […]
Jennifer Witz, pay-radio broadcaster SiriusXM’s CEO, told analysts that the business was the most profitable audio company in the world, and that SiriusXM had achieved record low Q1 churn (of 1.6 percent) and helping revenue growth of 5 per cent and EBITDA up 7 per cent. “This was the highest single quarter EBITDA figure in […]
Eutelsat is taking a 24 per cent stake in OneWeb. Eutelsat’s fresh cash values OneWeb at $2.3 billion. However, Eutelsat is paying a significant premium to enter OneWeb. When the UK government and India’s Bharti Global invested their cash into OneWeb they placed their $500 million into the business and received 42 per cent of […]
NENT’s Q1 results were above consensus expectations, apart from its Viaplay OTT service. According to investment bank Berenberg, the Nordic Entertainment Group’s operating margin of 7 per cent was also materially above expectations, leading to a significant outperformance at the EBIT level. The miss on Viaplay net sales was due to average revenue per user […]
Elon Musk is getting closer to winning FCC approval to fly some of his Starlink low Earth orbiting (LEO) satellites at even lower heights. Acting FCC Commissioner Jessica Rosenworcel has asked her board colleagues to formally vote on the plan having herself endorsed the idea. SpaceX is already licensed to operate 1,584 of its Starlink […]
A few days ago the press was full of stories of a near collision between two orbiting satellites, one from SpaceX’s Starlink and the other from OneWeb. There was talk of barely 60 metres between the two satellites. “Not so,” stated SpaceX in a submission to the Federal Communications Commission (FCC), insisting that there was […]
The news that Amazon founder Jeff Bezos is now publicly committing to using the United Launch Alliance’s (ULA) giant Atlas 5 rocket was no great surprise. However, his decision allows a noticeably clear opportunity for a ‘contrast and compare’ between the Bezos-backed Project Kuiper and arch-rival Elon Musk’s Starlink scheme. The two rivals are also […]
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