Intelsat has chosen a former Raytheon executive, David Wajsgras, as its new CEO. He will replace Steven Spengler who will step down in the next few weeks after seven years at the helm. Wajsgras will officially take over on April 4th. He inherits a business in significantly better shape than it was two years ago. […]
Intelsat has formally confirmed its emergence from Chapter 11 reconstruction. The satellite operator said it had emerged as a private company with a substantially strengthened capital structure to support its growth as the leader in satellite communications. This final milestone follows receipt of regulatory approvals, completion of certain corporate actions, and satisfaction of other customary […]
The Asia Video Industry Association (AVIA) hosted its annual Satellite Industry Forum recently as a virtual conference, to end off the Asia Video Summit umbrella of events this year. The Forum opened with a look at Satellite Trends and Forecasts Post-Covid with Caleb Henry, Senior Analyst, Quilty Analytics. The traditional satcom industry continues to be […]
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 […]
Intelsat’s senior executives continue to benefit from the company’s Key Employee Incentive Plan (KEIP) which means that CEO Stephen Spengler is still paid $130,555 per month. Spengler has received more than $8 million since Chapter 11 was declared according to Intelsat’s monthly report and summary documents filed with Intelsat’s Chapter 11 bankruptcy reconstruction court on […]
Intelsat, still in the middle of its Chapter 11 bankruptcy reconstruction, continues to be hit by the Coronavirus and other severe headwinds. Its full-year loss for 2020 was a worrying $912 million (€776.3m) on revenues of $1.9 billion. Intelsat’s CEO Stephen Spengler, said: “The Covid-19 pandemic made 2020 a challenging year; however, we are proud […]
Intelsat’s bankruptcy court on December 3rd said the dispute between SES Americom and Intelsat would go to trial next June. The news coincides with a 126-page filing to Intelsat’s court from SES which pulls no punches in its claims. At the heart of the legal dispute between SES and Intelsat is an argument over Intelsat’s […]
Intelsat unveiled its Q3 results after the market closed on November 5th, and its Media segment (42 per cent of overall revenues) saw revenues of $203.5 million for the three months to September 30th. This was a fall of 9 per cent compared to the same period a year earlier. Intelsat is working its way […]