On September 1st the Intelsat bankruptcy court is scheduled to hold a pre-trial hearing on the SES claim for a greater share of the FCC’s incentive payments due from the C-band clearing process and auction. SES, in a filing to the court on August 25th, is asking that the actual trial scheduled for September 20th […]
There are many pages of potential problems to be overcome by Intelsat as it proceeds towards its proposed Exit Plan from bankruptcy under its Amended Plan. But two Luxembourg entities figure largely in the 607-page filing to its US bankruptcy court on August 24th. The first is Intelsat arch-rival SES, very much based in Luxembourg, […]
SES CEO Steve Collar, SES’s CEO in an interview on the topic of satellite industry merger activity, admitted that he was sure that “everyone’s talking to everyone”. Collar added, in the interview carried by Bloomberg, that because Space is “essentially a fixed-cost industry, so the scale that’s generated from consolidation can be important financially. And […]
Israel-based Gilat Satellite Networks has received a “multi-million dollar” contract from SES for multiple broadband applications in Latin America. Gilat says its multi-service platform will support SES in cellular telco backhauling, enterprise and Universal Service Obligation (USO) projects, as SES extends services into Latin America with the deployment on new regional hubs. “SES has been […]
The August 19th application by Intelsat and SES to have much of their court arguments heard privately was granted by Intelsat’s Chapter 11 bankruptcy Judge. Despite a strong case submitted by the US Trustee, who argued that the two litigants were seeking to close the courthouse door during their submissions and that the public had […]
August 19th is a busy day for Judge Keith Phillips in his bankruptcy court. A morning session has listed eight motions related to the sealing of sessions (that is holding hearings in complete privacy). Other elements to be decided include SES’s application for Summary Judgement in its $1.8 billion claim against Intelsat. However, the United […]
SES and Boeing showcased the O3b ‘second generation’ of mPower satellites in a virtual unveiling event direct from El Segundo, California on August 17th. Boeing is building 11 of the O3b mPower craft. They will operate at 8000 kms over the Earth. SES CEO Steve Collar told journalists that the first three O3b mPower satellites […]
SES and Intelsat have listed their respective witnesses for the upcoming trial between the two litigants over the SES claim for a larger share of the FCC’s incentive payments in regard to their alleged C-band agreement. The action is expected to commence on September 20th. The two parties were obliged to issue their list of […]
Both SES and Intelsat are seeking an expedited hearing and court approval for a ‘sealed session’ for an upcoming hearing on August 19th as part of the pair’s litigation in the overall C-band dispute to be heard on a confidential basis. The two litigants stated to Intelsat’s Chapter 11 bankruptcy court: “These [August 19] motions […]
SES saw an impressive jump in its share price on August 4th, up 8.96 per cent to €7.07 per share (and at one point hitting €7.13) helped by favourable analyst comments and a general air of optimism backed by solid results. Steve Collar told analysts that the decline in Video division revenues was easing (“flattening […]