Advanced Television

Inside Satellite

Chris Forrester

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.

Bank approves SES’s DRS acquisition

On March 21st satellite operator SES announced it was buying governmental solutions business DRS Global Enterprise Solutions (GES), a US subsidiary of Italian Leonardo DRS. The $450 million (€408.8m) move has been analysed by investment bank Exane/BNPP which believes there is a “strong strategic rationale” behind the acquisition. Leonardo Chief Executive Alessandro Profumo said the […]

March 24, 2022

Rwanda will launch 3 test LEO satellites

Rwanda has, the landlocked republic lying south of the Equator in east-central Africa plans – and has official filings lodged – to launch more than 100,000 small satellites for broadband connectivity. The country’s project, named E-Space, used the Washington Satellite 2022 event to say that it had contracted with Rocket Lab and its Electron rocket […]

March 23, 2022

Final date set for SES vs Intelsat

The long-running legal dispute between SES and Intelsat over the 50/50 division of payments from the FCC and its ‘incentive’ payments for the C-band spectrum and re-allocation for 5G now has an end in sight. The new date is April 19th and the Virginia bankruptcy court, under Judge Keith Phillips, will hear both sides and […]

March 22, 2022

SES: “Demand for government comms increasing”

SES has told investment analysts that its exposure to Russian or Ukrainian revenues is extremely limited. But it says that the conflict has increased demand for governments for military grade X-band communications has increased in the past couple of weeks. The X-band usage is centred through its Govsat-1 capacity which is part of its SES-16 […]

March 21, 2022

Bank upbeat for SES, Eutelsat

Barclays Bank has issued a note from its equity analysts which favours “defensive stocks” such as SES and Eutelsat. The bank says that the current economic uncertainties mean that its former recommendations for global ad-agencies such as WPP, Omnicom, Interpublic and Publicis are downgraded to ‘Equal Weight’ from ‘Overweight’. The bank says there could be […]

March 18, 2022

Bank analyses MFE’s Mediaset bid

MFE-MediaForEurope, the Berlusconi-backed broadcaster, has announced a bid for the 44 per cent of Mediaset Spain that it does not own. The bid has an implied price per share of €5.60. MFE is offering cash of €1.86 per Mediaset Spain share, plus 4.5 MFE A shares per MSE share held. The implied value, at close […]

March 17, 2022

Cyber warfare hits Viasat/KA-Sat

California-based satellite operator Viasat has been suffering from alleged electronic warfare emanating from Russia. Reports suggest that hackers have deliberately disrupted satellite signals to and from Ukraine and in particular using the (formerly Eutelsat-owned) KA-Sat. Reuters, for example, is reporting that the cyber attacks have affected about 10,000 terminals. The attacks started as long ago […]

March 16, 2022

Russian launch decision upsets industry

UK-headquartered OneWeb is, with Arianespace, seeking a new satellite launch provider following Russia’s refusal to honour its contract to send around another 200 satellites into orbit. OneWeb has 428 craft already in orbit but needs a total of 600 to fulfil its target services, plus another 30-50 standing by as back-ups in case of individual […]

March 15, 2022

Fitch: BBB for SES, B+ for Intelsat

SES has received a favourable review from Fitch Ratings for its borrowings. Fitch says that SES’s long-term debt is rated at ‘BBB’ and its subordinated borrowings are rated at ‘BB+’. Fitch highlights the options that SES will shortly have from the FCC’s next C-band incentive payments of some $3 billion. Sandeep Jalan, CFO at SES, […]

March 14, 2022

Bank: Ukraine war impact on media

A report from investment analysts at Berenberg Bank looks at the sectorial impact, and in particular on media, and says that while there are some broadcasters have business interests in Russia, but their exposure (to specific losses) are modest. The bank says its own portfolio coverage has very limited exposure to Russia and Ukraine, noting: […]

March 11, 2022