The avalanche of legal filings and motions in the increasingly bitter dispute between SES and Intelsat over the division of C-band ‘incentives’ from the FCC is simply immense. April 14th saw another flood of documents, but one stood out, which contained Intelsat’s strong rebuttal of some of SES arguments. The opening paragraph says it all: […]
SES has dramatically turned up the heat in its increasingly acrimonious dispute with Intelsat over the division of the FCC’s ‘incentive’ payments for C-Band restructuring over the US. There will be a detailed court hearing on SES’s allegations in June. Intelsat has already asked its bankruptcy court to ‘seal’ many of the documents, but SES, […]
The $1.8 billion legal claim by SES on Intelsat concerning the SES claim on the split of FCC’s C-band incentive payments rumbles on, but with some tough comments from an SES submission to Intelsat’s bankruptcy court. SES filed its further motion with Intelsat’s bankruptcy court on March 3rd and wants the court to determine which […]
Ahead of its results announcement, SES confirmed it had extended its contract with Sky UK that will result in a €90 million gain in its secured backlog. SES added: “By the end of the renewed contract, Sky UK will have been an SES customer continuously for almost four decades.” “This is a significant, multi-transponder, multi-year […]
It was always expected that there could be extra payments to the C-band satellite operators once the FCC-organised auction had shown the strength of demand for spectrum. The four key players (Intelsat, SES, Telesat and Eutelsat) are already in line to share around $10 billion in FCC-authorised “incentives” for clearing their C-band satellite spectrum. With […]
Intelsat has been hit with another claim of insider dealing over the reallocation of C-band spectrum and the collapse of Intelsat share values. This time the allegation concerns its current chairman and former CEO Dave McGlade. Intelsat is in Chapter 11 bankruptcy reconstruction. McGlade is specifically alleged to have sold a significant package of Intelsat […]
The FCC has wrapped the main phase of bidding in its Auction 107 for C-band frequencies over the US which will be used for 5G telephony. Winners will now take the next stage and bidding for frequency-specific licences during the ‘assignment phase’ of the auction. The end-result even exceeds the most optimistic guesstimates from the […]
The FCC’s Auction 107 continues to take cash from its US telco bidders. January 13th saw six 20-minute sessions (the original structure required 30-minute sessions) and generated bids worth $78 million placed on the table, and taking the overall total to a gross $80.910 billion. January 14th saw another six rounds of 20-minute sessions (Rounds […]
There are evidently plenty of areas still open to bids in the FCC’s Auction 107. Indeed, news emerged on January 12th that AT&T is discussing a $14 billion bank loan to fund buying more 5G spectrum. Monday’s (January 11th) five sessions saw $118 million added, taking that gross total to $80.775 billion. The five sessions […]
The five C-band bidding sessions in the US on January 8th only managed to raise $147 million (€120.6m), although taking the cumulative gross total to $80.65 billion. There are just two more days of planned bidding (January 11th and 12th) when the process should wrap up. Whatever the result on January 12th, this auction has […]