Earlier this week, SES requested that Intelsat’s bankruptcy court forbid Intelsat calling James Murray to provide expert evidence as part of the SES vs Intelsat 50/50 claim over the FCC’s C-band incentive payments. Intelsat has now filed its own Motion, and it pulls no punches. Intelsat’s lawyers in a 2-page objection states bluntly: “If SES’s […]
Last week saw Intelsat’s lawyers submit their arguments to the court in advance of the trial scheduled for February 7th. Intelsat gave a number of reasons why they believe the SES claim for 50 per cent of the FCC’s incentive payments for clearing C-Band spectrum should fail. Lawyers for SES, on January 14th, submitted their […]
A report from investment bank Berenberg says SES is “on track” to receive post-tax C-band proceeds of over 80 per cent of its market capitalisation in just over the next two years. The bank says: “This creates significant optionality for shareholder returns, balance sheet repair and disciplined investment. As phase one C-band proceeds are received […]
The much-delayed legal action from SES against Intelsat over the division of FCC C-band incentive payments is scheduled to begin on February 7th. Two weeks have been allocated for the action. While subject to last-minute delays and Court rules over the Covid anxieties, the lawyers in the action have agreed that witnesses might appear in […]
The bankruptcy court in the Intelsat review and confirmation of its Exit Plan heard that a number of issues previously considered contentious have “been narrowed” according to Steven Serajeddini, a restructuring partner at Kirkland & Ellis, who are acting for Intelsat in the case. The court heard that the parties want to wrap the discussions […]
Harmonic has successfully completed technology upgrades associated with SES’s Phase 1 transition plan for C-band spectrum in just nine months. This was accomplished utilising Harmonic’s XOS Edge software-based solution for satellite media processing and edge delivery. “Tightknit collaboration between partnering companies led to a successful world-first deployment of software solutions for the transformation of C-band […]
Judge Keith L. Phillips opened the formal hearings into Intelsat’s Chapter 11 exit plan. The process is scheduled to last about 10 days. Around 216 lawyers and observers attended the Zoom meeting for sessions which were described as “complex”. The court was told that more than 90 percent of claimants against the various Intelsat entities […]
Investment bank Berenberg has issued two timely reports on Europe’s pair of major satellite operators ahead of their results. The analysis was good news for Luxembourg-based SES but less rosy for Paris-based Eutelsat. For SES the overwhelming positive news was the operator’s share of the FCC’s ‘incentive’ payments for freeing up C-band frequencies over the […]
It has long been a complaint from SES that Intelsat, in its complex Chapter 11 bankruptcy, is using associate and sister businesses to shift incoming cash (and in particular the so-called incentive payments from the FCC over the C-band reallocation of spectrum). SES describes the Intelsat action as playing a “shell game” and that Intelsat […]
AXESS Networks (AXESS) a global provider of encompassing connectivity solutions via satellite has been chosen by ARAB Satellite Communications Organization (ARABSAT) to provide connectivity and teleport services on Appendix 30B C-Band space segment on-board its ARABSAT-5A Satellite at an orbital location of 30.5°E with coverage footprint across Europe, Middle East, and Africa. AXESS global infrastructure […]