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 is inching towards its exit from its Chapter 11 bankruptcy reconstruction. Its bankruptcy court has now set the dates for the Confirmation Hearing of its formal Exit Plan. Intelsat’s lawyers issued its final Disclosure Statement – which can still be amended and modified – on October 17th. They had hoped to start the process […]
An Omnibus hearing on October 20th at the Intelsat bankruptcy court, under judge Keith Phillips, which itself had to postpone adjudicating on many of the matters scheduled to be heard, was told by the judge that Intelsat’s planned confirmation of its exit plan would likely have to be delayed. Bankruptcy Judge Keith Phillips in Richmond, […]
The Paris bourse share market responded exceptionally well to the potential bad news of Rodolphe Belmer’s departure from Eutelsat. In early trading Eutelsat’s share price rose a full 1 percent in early trading to €12.60 and matching its recent peak of €12.60 at the height of the Patrick Drahi unsolicited €3.2 billion take-over bid, and […]
Judge Keith Phillips has a busy afternoon at his bankruptcy court today (October 20th) listening and adjudicating on a long list of motions concerning Intelsat. Late yesterday (October 19th), Intelsat’s lawyers filed (at 21.28pm) an additional supplement on its Chapter 11 exit from bankruptcy plan and at a mere 333 pages which probably kept the […]
Media analysts from investment bank Berenberg, ahead of a major Video Gaming Conference they are hosting in November, say that the video game market has pulled back sharply in recent weeks, with the average share in their coverage down 13 per cent in the last month and c20 per cent in the year-to-date. The bank […]
In a filing that could be right out of science-fiction, the small East African state of Rwanda has formally filed an application with the International Telecommunications Union (ITU) in Geneva to license a huge number of low Earth orbiting satellites. The ITU has confirmed the application which will now proceed through the its conventional application […]
Back in 2013, Israeli satellite operator Spacecom (which owns the AMOS craft) and Intelsat agreed a mutually-acceptable frequency coordination of the pair’s various satellites focusing on Spacecom’s AMOS craft at 65 degrees East. Intelsat’s affected satellites were at 62, 64, 66 and 68.5 degrees East. Intelsat agreed to compensate Spacecom with an annual payment of […]
Last week it was an Intelsat motion to its bankruptcy court that accused SES of being “on a warpath” as far as its allegations over SES claims concerning how the FCC’s C-band incentive payments were concerned. SES responded on October 11th with a detailed rebuttal saying it had proposed “numerous compromises” to Intelsat and asked […]
Abu Dhabi-based Yahsat (Al Yah Satellite) will likely adopt a dividend pay-out proposal which will result in dividends being paid twice-yearly. The proposal has been adopted by the company’s directors and will be placed before shareholders at an upcoming AGM. Yahsat, in its statement, said: “Al Yah Satellite Communications Co (Yahsat) listed on the Abu […]
The long-running legal dispute between SES and Intelsat over the division of the FCC’s ‘incentive’ payments regarding the C-Band Alliance has provoked another tough response from Intelsat’s lawyers. A filing into Intelsat’s bankruptcy court on October 6 states that “SES has been on a warpath in this proceeding” and had spent millions of dollars “and […]
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