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EU approves Allianz Intelsat control

Intelsat is in the process of exiting its Chapter 11 bankruptcy reconstruction. It has organised its post-bankruptcy financing and German financial services giant Allianz will be very much in control of Intelsat. The European Commission approved on January 24th the control of Intelsat Holdings SA by Allianz SE and has given the green light to […]

January 25, 2022By Chris Forrester

Intelsat can clear final bankruptcy hurdles early in 2022

Intelsat’s last-minute set of reorganisation agreements, the 6th Supplemental Declarations, as part of its Exit Plan reached on December 16th with some of its – relatively modest – remaining creditors should now enable the satellite operator to fully emerge from bankruptcy early in the New Year. There are some legal hurdles ahead, not least the […]

December 20, 2021