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 […]
A report from Quilty Analytics makes tough reading for the world’s ‘Big Four’ satellite operators, and says that they could suffer combined adverse revenue losses of some $400 million (€357m) this year – mostly because of the Coronavirus impact on mobility. Quilty says: “The trough of Covid-19 end-user mobility impact occurs in Q2 (June 2020). […]
Eutelsat, not for the first time, has formally complained to the FCC over the Commission’s ruling that it would pay around $5 billion to both Intelsat and SES in ‘incentive payments’ for clearing certain C-band frequencies over the USA. In essence, Eutelsat is fearful that the payments – and the related reimbursements of actual costs […]