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.
ProSiebenSat.1 Media’s CFO Rainer Beaujean, speaking at investment bank Berenberg’s German Conference on September 21st, told delegates that he was “extremely confident” that the broadcasting group will hit its EBITDA target of +/-€820 million, notwithstanding investment in new programming formats that should pay off in the longer term. That programming reinvestment is being made possible […]
Italian broadcaster Mediaset seems to be recovering well from the past year and the Covid problems. As revenues for its Q2 were up 66 per cent (against a miserable 2020) but importantly only 2 per cent down on the same period in 2019. “Mediaset,” says investment bank Berenberg, “[is enjoying] both the top-line recovery and […]
SES, in a filing with Intelsat’s Chapter 11 bankruptcy court, says it wants Jane Mago as an expert witness in its dispute with Intelsat. Mago will speak as a witness on the general subject matter of her recent report which covers arguments regarding which Intelsat entity is entitled to any potential FCC accelerated relocation payments […]
The SES claim against Intelsat for a potential $1.8 billion has been postponed. Judge Keith Phillips, who is overseeing Intelsat’s Chapter 11 bankruptcy reconstruction, had earlier confirmed that the trial date for the SES vs Intelsat dispute over FCC payment allocations would start on September 20th. A new date has not – as yet – […]
Vodacom is part of a consortium that has won an operating licence for a cellular service in Ethiopia. The consortium is made up of acknowledged experts in the supply and operation of a telephone service and beat another applicant (MTN Grp) which was not successful. The Global Partnership consortium comprises includes Safaricom (in which Vodacom […]
September 8th saw Amazon fire off another salvo to the FCC with a list of complaints about SpaceX and also citing a WSJ comment that Elon Musk wages a “war on regulators” and that Musk allegedly breaks the rules and endangers people. The Amazon letter to the FCC (and from its subsidiary Kuiper Systems) is […]
Elon Musk says his team are busy “figuring out the regulatory approval process” for launching the Starlink broadband service over India. Musk was asked the question on Twitter as to when his service might start in India, and responded a few hours later. India could well be extra important in Starlink’s ambitions given that Bharti-backed […]
A major suite of creditors of Intelsat (the Ad-Hoc/Convert Group) and which hold Intelsat’s 4.5 per cent convertible notes due 2025, are reserving their rights in Intelsat’s bankruptcy case. In a filing to the court on September 3rd, the group of creditors say that Intelsat have “repeatedly touted their goal to try to build further […]
The major Omnibus hearing on September 1st of Intelsat’s Chapter 11 bankruptcy reconstruction ended with Judge Keith Phillips approving Intelsat’s disclosure statement pending the company’s organising of a vote from creditors for Intelsat’s bankruptcy Amended Exit Plan. According to the company some 80 per cent of Intelsat’s $15 billion of creditors holding its debt obligations […]
In another day of significant motions filed into Intelsat’s Chapter 11 bankruptcy reconstruction proceedings, one 44-page document explained Intelsat’s current position regarding objections filed by other litigants. Another, consisting of 325 pages, adds further details while a 170 page document covers the formalities of Intelsat’s potential exist plan. SES has a similar suite of filings. […]
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