Ottawa-based Telesat is sitting on some valuable C-band spectrum, and completely favours selling off some of that spectrum itself. The sale of 200 MHz of capacity would generate cash to help pay for its fleet of Low Earth orbiting (LEO) satellites, called Lightspeed. Telesat’s CEO Dan Goldberg told analysts that it would like to handle […]
The first-quarter results from satellite operator SES were buoyant, and helped by a commitment to buy in €100 millions-worth of its own shares for cancellation helped boost SES’s share price by almost 10 percent. At the end of the day the shares were up 9.3 per cent to – a still miserable in some eyes […]
The Court handling Intelsat’s Chapter 11 bankruptcy reconstruction has agreed to delay the trial between SES and Intelsat and the SES claim over how the FCC’s C-band incentive payments are apportioned. SES is claiming that it is entitled to a greater share of the FCC payment and in addition is alleging that Intelsat is deliberately […]
Satellite operator SES has been re-examined by investment bank Jefferies based on its most recent financials and guidance for the rest of this year. The result can best be described as “mixed”. SES has guided that overall revenues will slip back for this next couple of years and these forecasts are reflected in the bank’s […]
A hearing on March 17th before Judge Keith Phillips at his Intelsat bankruptcy court decided to deny certain stockholders any official voice in the upcoming Intelsat financial restructuring. The ad hoc group also wanted the court to determine which of the dozens of Intelsat businesses should receive the FCC’s C-band incentive payments. The group of […]
The world’s three-largest satellite operators are complaining to Canada’s government regarding its proposed restructuring of C-band spectrum for 5G adoption. In essence they are saying that they must be compensated for giving up their frequencies over Canada, and any Canadian scheme which only compensates Telesat would be a violation of trade agreements. The comments come […]
During its results call with analysts, SES explained that its “unparalleled reach” continued to expand. Back in 2016, it reached some 325 million homes (more than a billion people) and was delivering about 7,741 channels. By Q3/2020 its channel count had expanded to 8,157, the Number 1 supplier of channels in the industry. Drilling down […]
Jessica Rosenworcel, the FCC’s acting chair, says the 5G auction for new spectrum in the US has ended. “Stay tuned for the final results of this auction,” she tweeted. “We’ll make [the results] known through a Public Notice in a few days. Another big step forward for 5G.” She continued: “Congrats to the FCC’s outstanding […]
The world’s major satellite players are busy preparing for 5G. While much of the focus has been on the US, where some of their C-band frequencies have been auctioned off by the FCC, similar sell-offs are happening around the globe. A report from Northern Sky Research (NSR) says that direct satellite connectivity to mobile, at […]
More detail has emerged from Intelsat’s 195-page filing to its Chapter 11 bankruptcy court and addressing its plan to emerge from bankruptcy. Intelsat is looking for approval which would result in it cutting its debt obligations by about half from today’s near-$15 billion to $7 billion. The statement to the court includes and outlines the […]