OneWeb’s bankruptcy court heard this week that the company’s unsecured creditors will drop their $1.6 billion claim, and instead adopt a mediated global settlement. OneWeb has asked its bankruptcy court for permission to modify various disclosures which would reflect the new settlement which reflects the decision of the Official Committee of Unsecured Creditors. OneWeb had […]
Eutelsat Communications and Ovzon have entered into a long-term agreement for the provision of satellite control services following a competitive bidding process involving all major satellite operators. Under the agreement, Eutelsat will ensure the control of Ovzon-3, the first satellite procured by Ovzon, over its full operational life. The agreement reinforces a long-standing cooperation between […]
In-Flight communications and broadband business, Gogo, says its directors have adopted a tax-efficient ‘Rights Plan’ to utilise and take its net operating loss forward. Gogo, which is in the process of selling its Commercial Aviation division to Intelsat for $400 million, says as at December 31st last year it had approximately $580 million of federal […]
According to data estimations calculated by the Atlas VPN research team, India is set to reach 1 billion Internet users by the year 2025. As of 2020 to date, there are over 687.6 million Internet users in India. The Internet penetration rate in India reached 50 per cent at the start of 2020. Meaning, already […]
Arianespace’s multi-million Euro contract from OneWeb (currently in Chapter 11 bankruptcy reconstruction) has been heavily revised. OneWeb wants 3 less rocket launches. Each will carry 34-36 OneWeb satellites and the full OneWeb constellation should be in orbit by the end of 2022. The new launch manifest will see Arianespace carry out 16 launches on its […]
Microsoft’s Azure Orbital connectivity via the Cloud service will now benefit from the O3b satellite platform operated by SES. This is a significant expansion on the core SES+Azure announcement made last year. SES says it has joined as the medium Earth orbit (MEO) connectivity partner for Microsoft Azure Orbital, Microsoft’s new managed service enabling network […]
Azerbaijan’s Azercosmos has established a formal partnership with ViewMedia, which operates in the field of global broadcasting services and broadcasts television and radio channels over multiple platforms worldwide. ViewMedia will provide digital satellite services to its customers in the Middle East, Europe and Africa via Azerspace-1 satellite. The company broadcasts more than 150 TV and […]
A Chapter 11 bankruptcy reconstruction allows the affected business to accept or reject some of the contracts and leases that were in place prior to the bankruptcy. OneWeb has delivered to its bankruptcy court a long list of contracts, some it will be happy to respect or amend but others it wants to be rejected. […]
Virgin Media has demonstrated the power and capability of its fibre-rich network by successfully delivering next-generation 2.2Gbps broadband speeds to homes in Thatcham, Berkshire through a real-world trial. The multi-gigabit speeds – 34 times faster than the UK’s average broadband speeds – have been delivered via Virgin Media’s existing, future-proof cable network using broadband technology […]
OneWeb, despite its current Chapter 11 bankruptcy situation, is to resume launching its satellites in December. It will restart launches using Arianespace using an amended agreement with the rocket launch company. OneWeb says the new schedule puts its business back on track to complete its full constellation by the end of 2022. OneWeb says it […]