Inmarsat and Hughes Network Systems have joined Eutelsat in objecting to the FCC’s current C-band auction rules. The pair say that the FCC’s incentive scheme favours Intelsat and SES and will give the two satellite giants an unfair competitive advantage. Inmarsat and Hughes (and EchoStar Satellite Services) have written to the FCC saying they agree […]
Ottawa-based Telesat has reportedly entered a bid for OneWeb’s satellite assets. But it isn’t alone. There will be an auction process on July 2nd in New York. The UK is widely reported to have committed to a $500 million (£405m) participation for a 20 per cent stake in OneWeb. The UK bid is said to […]
June 26th is ‘Bidding Day’ for OneWeb’s assets. Would-be buyers have to enter their bids for OneWeb, which is in bankruptcy. If no – or inadequate – bids are entered, then the process goes forward to an auction of assets on July 2nd. The UK government is widely reported to have joined a consortium bidding […]
A court case has been heard by the US Court of Appeals between ABS, Hispasat and Arsat which had been arguing that the FCC should pause the date of Commission’s Dec auction of C-band frequencies over the US. The trio were deliberately excluded by the FCC from its incentive plan for C-band compensation given to […]
Eutelsat has told the Federal Communications Commission (FCC) that it will clear its required C-band spectrum over the US, and will order a new C-band satellite to provide replacement capacity for existing services. Eutelsat is required to clear its spectrum and have a satellite in orbit by 2023 in order to qualify for the FCC’s […]
Eutelsat’s CEO Rodolphe Belmer, speaking at the Exane/BNPP-organised CEO Conference in Paris, painted a cautiously optimistic view for the medium-term outlook for the satellite operator. Belmer said he continues to expect its Video Broadcast division (62 per cent of group FY20e revenues) revenues to be broadly stable and to benefit from lower replacement capex. Once […]
A Eutelsat board meeting on June 18th voted to cancel 2,229,640 shares, representing 0.96 per cent of the share capital, in accordance with the authorisation granted by the 14th and 15th resolutions of the Combined General Shareholders’ Meeting of November 7th 2019. Of the 2,229,640 shares cancelled, 2,124,572 shares were acquired under the share buyback […]
Despite being in bankruptcy protection, Intelsat’s executives are seeking to continue receiving impressive salaries and compensation packages. Intelsat is continuing to operate its business as a ‘debtor in possession’. On June 30th, the bankruptcy court will consider a motion to allow Intelsat to continue paying senior staff under its Key Executive Incentive Plan (KEIP) which […]
Would-be mega-constellation operator OneWeb, now in Chapter 11 bankruptcy, has a key date looming; June 26th is a deadline for final bids to be entered for either the whole business or parts of the company. The bankruptcy is being handled by a court in New York and, according to Space Intel Report (SIR), the original […]
TV TEM, an affiliate of TV Globo, has signed a multi-year contract with Eutelsat Communications for capacity on its Eutelsat 65 West A satellite to distribute its programming within its concession region in the São Paulo state. The partnership has enabled TV TEM to seamlessly migrate its feeds from traditional C-Band (3.7 GHz to 4.2 […]