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.
Intelsat’s Chapter 11 bankruptcy court has denied a Motion from Intelsat’s lawyers to bar two expert witnesses from giving their evidence. In particular, SES had wanted to call Jane Mago as an expert witness in its dispute with Intelsat. Her evidence covers what the FCC orders and regulations mean. The second witness permitted to appear […]
Japan’s All Nippon Airways (ANA) has reserved 20 Virgin Orbit flights aboard the company’s LauncherOne rocket-plane. An earlier MoU established the relationship between the two. The updated MoU, signed on November 4th, and initialled by Virgin Orbit’s CEO Dan Hart and ANA’s EVP Koji Shibata, has one special condition: the flights must happen from Japan […]
It is alleged by Intelsat’s legal team that SES has engaged expert witnesses with at least one of them promised a “recovery-based” contingent fee tied directly to his testimony. The lawyers state that such fees in return for expert testimony is illegal. “Such an arrangement violates clear public policy, including the ethical rules governing lawyers […]
ProSieben.Sat1 published its Q3 results on November 4th which were in line with expectations on revenues but in the words of analysts at investment bank Exane/BNPP there was “a surprising miss on its EBITDA”. Net income benefitted among others from the financial result and beat consensus expectations by 38 per cent. The highlight, said the […]
Intelsat’s Chapter 11 bankruptcy reconstruction looks certain to go on well into 2022 before all the elements are wrapped up. Meanwhile, the lawyers acting for Intelsat have 118 staff members employed – in some degree or other – on the litigation. In a comprehensive 870-page filing into Intelsat’s bankruptcy court on November 1st the lawyers […]
It is a busy week for company results with one analyst describing this coming November 4th as “Super Thursday” given that BT and SES both announce their results with Liberty Global’s results being revealed the evening before. Analysts at investment bank Jefferies, focusing on UK telco BT’s results, has issued a ‘BUY’ recommendation to clients. […]
Eutelsat’s post results presentation and analyst discussion on October 28th was led by the satellite operators’ CFO Sandrine Téran. She told callers that a merger with another operator was “not a problem if the price is right”. She told analysts that Eutelsat, the world’s third-largest satellite operator, believed it had a solid stand-alone strategy add[ng: […]
Equity analysts at investment bank Morgan Stanley have recently given Elon Musk’s SpaceX a valuation of some $100 billion. The bank has given a detailed breakdown of its analysis. As with any financial forecast the bank gives three sets of metrics for its numbers: a ‘Bear’ (low) case, a ‘Base’ mid-point case and the (optimistic) […]
Drilling down into Microsoft’s record results (overall net income of $20.5 billion, up 48 per cent) and looking at its gaming division reveals the software company delivered a very solid July to September quarter. Gaming revenues were up 16 per cent with its hardware division sales sustained (+166 per cent year-on-year) driven by strong demand […]
Israeli satellite builder Israel Aerospace Industries (IAI) has showcased a small but fully advanced geostationary satellite design. IAI used the 72nd International Aeronautical Congress in Dubai to unveil what it calls its Mini Communications Satellite (MCS) that would have a mass of around 600-700 kgs and yet carry an advanced communications payload. Moreover, it would […]
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