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Inside Satellite
Chris ForresterChris 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.

Intelsat Creditor Settlements approved

Judge Keith Phillips, on December 16th, approved Intelsat’s plan for the settlement of much of its indebtedness prior to its May 2020 Chapter 11 bankruptcy. The bottom line is that…

Last day for Intelsat confirmation hearing?

Judge Keith Phillips has set December 16th for what looks likely to be the final day set aside for Intelsat’s bankruptcy Exit Plan confirmation hearings. There will be other discussions,…

Intelsat asks court to approve exit financing plan

Intelsat’s Chapter 11 bankruptcy reconstruction has cost the business some $200 million in legal and professional fees. The end might now be in sight, but there will still be arguments…

Parties narrow issues in Intelsat Exit Plan

The bankruptcy court in the Intelsat review and confirmation of its Exit Plan heard that a number of issues previously considered contentious have “been narrowed” according to Steven Serajeddini, a…

Fraud allegation in Intelsat bankruptcy

December 10th saw a submission entered into Intelsat’s Chapter 11 bankruptcy hearing which used the phrase ‘actio pauliana’, which translates as meaning ‘designed to protect creditors from fraudulent legal transactions’.…

Intelsat creeps towards bankruptcy exit

Intelsat’s Chapter 11 bankruptcy court on December 9th heard detailed evidence from one of its reconstruction financial advisors. This was Day 4 of a probable 10-day legal process to see…

Analyst: The mystery of SpaceX’s value

Tim Farrar of TMF Associates says the recent “breathless” valuations for SpaceX (ranging from between $80 billion to $100 billion) are inconsistent. He says the quoted company valuations have near-tripled…

Intelsat’s Spengler denies aiding insider trading

Steve Spengler, Intelsat’s CEO, firmly denies being the conduit for any alleged insider trading information over the sale of Intelsat stock by certain shareholders and the company’s chairman Dave McGlade.…

Intelsat formal hearings commence

Judge Keith L. Phillips opened the formal hearings into Intelsat’s Chapter 11 exit plan. The process is scheduled to last about 10 days. Around 216 lawyers and observers attended the…

Bank: Starlink worth $81bn

Investment bank Morgan Stanley says that its base case valuation for Elon Musk’s Starlink broadband-by-satellite low Earth orbiting constellation stands at $81 billion (€71.8bn). It backs up its thinking with…

Antrix, Devas litigation rumbles on

The very long-running dispute between India’s ISRO Antrix commercial division and a (then) satellite agreement with Devas Multimedia, commenced in 2005, continues to very slowly process through various courts and…

Musk shares more on bankruptcy fear

Elon Musk’s SpaceX team postponed the planned December 1st launch of another batch of Starlink satellites for 24-hours until around 6pm (Florida time) on December 2nd. However, Musk was again…

Bank looks at Covid winners & losers

A timely note to clients from investment bank BNPP/Exane looks at the potential media-related winners and losers impacted by the latest Covid variant. The bank says that while there are…

Indian government warns against Starlink

India’s Department of Telecom (DoT) has said that Elon Musk’s Starlink broadband-by-satellite service is not licensed by India and the public should not subscribe to services. Local media says that…

SES: “Intelsat board deeply conflicted”

SES, in a motion submitted to Intelsat’s bankruptcy court, alleges that Intelsat is continuing to “disregard” the role and importance on Intelsat US as the rightful recipient of the FCC’s…

SES earns $1bn from FCC

SES says it has received validation from the FCC in regard to the satellite operator’s Phase I C-band clearing obligations. It means that SES will receive $1 billion (€0.89) in…