Intelsat, currently trading as a Debtor in Possession under Chapter 11 rules, has asked its bankruptcy court to start hearing its Disclosure Statement on August 11th. The original wish was for the hearing to take place on July 27th, but that now looks likely to be postponed until August 11th, given that 28 says notice […]

A report from analysts at investment bank Exane/BNPP suggests that the recent pair of refinancing Bonds and Notes issued by SES will themselves boost earnings/share by about 6 per cent in 203. There could also be more benefits on the horizon. SES’s share price is firmly stuck in the near-static doldrums at around €6.40-€7.00. Sami […]

SES has filed its quarterly status report to the Federal Communications Commission (FCC) saying that it has completed “nearly all” of the Phase 1 satellite transitions, and will complete the task by August 31st 2021. Moreover, SES says it has installed approximately 60 per cent of the antenna filters associated with its Phase 1 transition […]

The insider trading allegations against certain Intelsat shareholders and a key member of staff is coming to court in July. A Class Action is being heard in the US District Court (Northern District of California, at Oakland) by Judge Jeffery White. The Action revolves around allegations that Intelsat shareholders Silver Lake Group LLC and BC […]

Judge Keith Phillips, who is overseeing Intelsat’s Chapter 11 bankruptcy reconstruction, has formally confirmed that the trial date for the SES vs Intelsat dispute over FCC payment allocations will start on September 20th. A series of key requirements leading up to that date must also be met, said the Court’s order. Separately, SES is seeking […]

EchoStar, a business owned by Charlie Ergen, has a crucial date on June 25th for a rocket and satellite launch. If the satellite is successfully put into orbit then Ergen will secure near-global rights to S-band licences. If it doesn’t work – and two previous attempts have failed – then Ergen’s permissions to use the […]

SES, in its assorted legal filings with Intelsat’s bankruptcy court, insists that it has sufficient proofs of Intelsat’s deliberate duplicity in how the end-game in the C-band allocation of the FCC’s $9.7 billion payments was managed. SES is asking the court for a Summary Judgement of its claim and the court has scheduled August 19th […]

SES continues with its legal onslaught on Intelsat and a $1.8 billion claim for a greater share of the FCC’s $9.7 million incentive payments, and for punitive damages to be levied by the bankruptcy court on Intelsat. Following on from the formal request for Summary Judgement in its case against Intelsat, SES has issued a […]

Intelsat’s exit from its Chapter 11 restructuring could be badly delayed and distributions to other creditors limited by the dispute between SES and Intelsat over C-band payments from the FCC. SES is claiming at least $420 million, and potentially $1.8 billion if the bankruptcy court awards punitive damages, over the way the FCC’s incentive payments […]

The legal dispute between SES and Intelsat has now extended itself to the FCC, and the FCC’s official licensing of C-band frequencies. Intelsat, on June 11th, filed a formal submission to the FCC and clarified which of the many Intelsat businesses actually held the C-band licences over the US. On June 10th, SES Americom filed […]