SES continues with its legal onslaught on Intelsat and a $1.8 billion claim for a greater share of the FCC’s $9.7 million incentive payments, and for punitive damages to be levied by the bankruptcy court on Intelsat. Following on from the formal request for Summary Judgement in its case against Intelsat, SES has issued a […]
Satellite giant SES will not be present in IBC’s Hall 1 this coming December. SES, for the past year or more, has curtailed any non-essential outside activity and depended more or less on Zoom meetings. The IBC decision seems wholly based on Covid worries more than any withdrawal from IBC itself. A source says: “Our […]
An 80-page document from SES, filed on June 16th with Intelsat’s Chapter 11 bankruptcy court, lays out in historical detail why it wants the court to heavily penalise Intelsat for its alleged “wilful and intentional breaching of its fiduciary duties”. SES is asking the bankruptcy court to issue a Summary Judgement in favour of SES […]
Intelsat’s exit from its Chapter 11 restructuring could be badly delayed and distributions to other creditors limited by the dispute between SES and Intelsat over C-band payments from the FCC. SES is claiming at least $420 million, and potentially $1.8 billion if the bankruptcy court awards punitive damages, over the way the FCC’s incentive payments […]
Sir Richard Branson managed to handle a reverse take-over of his Virgin Galactic space tourism business by a Special Purpose Acquisition Company (SPAC) and a stock market listing in October 2019. Now he is reportedly trying a similar scheme with Virgin Orbit. Branson is looking for another SPAC, this time targeting NextGeneration Acquisition II, which […]
Yves Feltes, the former and well-known head of corporate communications at satellite operator Société Européenne des Satellites (SES), has died. Feltes looked after media and corporate relations for SES from 1990 to 2015, some 25 years of absolute professionalism in handling the press during a period when SES was on an unprecedented expansion growth trajectory. […]
Abu Dhabi-based satellite operator Al Yah says that Airbus has wrapped the initial Preliminary Design Review (PDR) for the company’s upcoming Thuraya 4-NGS. Thuraya 4-NGS will have an L-band ecosystem with the upgrade of Thuraya’s space and ground and user (products and solutions) segments. Complemented by a 5G-ready core network, Yahsat’s newest satellite system will […]
Quilty Analytics has conducted its first examination of prospects for Israel-based Gilat Satellite Networks. The report is overall positive and says Gilat’s growth is returning and recovering from the Covid-related downturn. Gilat is today one the world’s largest suppliers of ground equipment for the cellular backhaul, in-flight connectivity (IFC), and broadband markets. Over the past […]
Sir Richard Branson’s Virgin Galactic ‘spaceship’ VSS Unity achieved a speed of Mach 3 after being released from the mothership, VMS Eve, and reached space at an altitude of 55.45 miles (89 kms) before gliding smoothly to a runway landing at Spaceport America in New Mexico back on May 22nd. The Unity craft carried a […]
The risk of satellites bumping into each other is already very real. Now China is joining the low Earth orbit ‘space race’ and planning to launch around 20,000 new craft into orbit. Add this 20,000 to the near-40,000 planned by Elon Musk, another 3300 from Jeff Bezos, around 800 from the UK-backed OneWeb plus dozens […]