September 12th saw a SpaceX Falcon 9 rocket flawlessly launch five high-performance BlueBird satellites for AST SpaceMobile from Cape Canaveral. The five craft, once they are deployed safely in their correct orbits which itself will take a few weeks, will then be tested by about 2,000 testers scattered around the Earth and then commence beta-test […]
SES has announced the successful launch and pricing of a hybrid dual-tranche bond offering in which it has agreed to sell Deeply Subordinated Fixed Rate Resettable Securities for a total amount of €1 billion. The transaction is composed of a €500 million 30-year Non-Call (NC) 5.25-year tranche with a first reset date on December 12th […]
Deutsche Bank has looked again at how it values AST SpaceMobile, and has trebled its share price target from $22 (€19.82) per share to a spectacular $63. AST says SpaceX will launch five of its BlueBird Block 1 satellites on September 12th subject to the usual weather and technical considerations. The bank forecasts a revenue […]
Deutsche Bank has trimmed its share price target slightly from €3.10 to €3 and says it is concerned by continued delays with OneWeb and in particular with repercussions following Eutelsat’s merger with low Earth satellite operator OneWeb. The bank maintains its ‘SELL’ advice to clients. The bank says it believes that the satellite operator’s growth […]
Deutsche Bank has delivered a favourable report on the prospects for would-be satellite-to-cellular operator AST SpaceMobile. The bank forecasts that by the end of 2006 it estimates AST will have more than 56 million subscribers to its satellite-to-cellular 5G system. Currently, AST has only a single satellite in orbit (its BlueWalker 3 test craft) but […]
AST Space Mobile has just one satellite currently in orbit which itself something of a test prototype for a planned global satellite-based ‘direct-to-cellular’ service. AST’s follow-up BlueWalker 3 satellites are expected to be ready for launch in batches of five craft starting in July or August (according to the company) and continuing in batches throughout […]
Deutsche Bank’s (DB) advice to clients holding Eutelsat shares is to ‘SELL’ their stock. Its previous advice was to ‘HOLD’ their shares. DB now says its preferred satellites company within its coverage is Luxembourg-based SES which it rates ‘BUY’. DB says it is concerned over operational delays which it says are weighing on its OneWeb […]
North American streaming music and pay-radio operator SiriusXM, controlled by John Malone’s Liberty Media, has attracted an extra investment stake from Deutsche Bank AG. SiriusXM, as well as beaming hundreds of radio channels to the US and Canada, also offers subscribers its Pandora music streaming service. Deutsche Bank has increased it holding in SiriusXM by […]
DirecTV is raising $3.1 billion (€2.6bn) of so-called ‘junk bonds’ (Senior Secured Notes) to help in its split from AT&T, according to an announcement from AT&T. The offer is for a 6-year period and the bonds will be priced on July 22nd and will come from DirecTV Entertainment Holdings. The cash will be used to […]
Satellite operator SES has borrowed €150 million by way of new 1.625 per cent Notes. While the sum involved is modest by usual standards, CFO Sandeep Jalan says it further strengthens the operator’s liquidity and “at the lowest yield ever achieved by SES. The successful conclusion of this bond offering reflects the market’s view of […]