Two commercial satellite operators, Intelsat of Luxembourg and Japan-based Sky Perfect JSAT, have committed future spacecraft to launching on Ariane 5 rockets, European launch provider Arianespace said Jan. 4.
Satellite fleet operators Inmarsat, Intelsat, SES and Eutelsat all say the long-awaited rebound in U.S. government (translation: mainly the U.S. Department of Defense) demand for bandwidth now looks to be underway.
NASA is looking into a possible connection between a thruster problem on its Juno spacecraft and a thruster problem on a new Intelsat satellite.
Satellite fleet operator Intelsat on Oct. 27 said the global satellite bandwidth pricing environment appears to be stabilizing as satellite owners stop short of an all-out price war.
Satellite fleet operator Intelsat on Sept. 27 said it had put a bondholder’s loan-default threat behind it and would pursue its balance-sheet restructuring as intended.
Satellite fleet operator Intelsat on Sept. 21 said the failure of a thruster on its recently launched IS-33e satellite could reduce the satellite’s in-orbit life, but that the effect would be minimal.
Satellite fleet operator Eutelsat on Aug. 8 said it had sold its 70 percent stake in maritime satellite communications provider WINS Ltd to SpeedCast International for 60 million euros ($66.9 million) in cash. The deal is the latest in the long-expected consolidation of the maritime satellite communications market and comes just a week after Apax Partners-owned Marlink announced the acquisition of Telemar.
Satellite fleet operator Intelsat on July 27 positioned itself on both sides of the barricades of the satellite services business -- a company storming the entrenched widebeam satellite pricing structure with its Epic high-throughput spacecraft (HTS) while at the same time maintaining a strong vested interest in that structure with the rest of its fleet.
Satellite fleet operator Intelsat, stymied in attempts to obtaining bank financing to buy back its debt by an activist bondholder’s allegations the company had violated debt covenants, on June 30 said it had concluded a private placement of $490 million in debt to finance the repurchase of a portion of three of its bonds.
An International Launch Services Proton rocket, in the first flight of its latest and potentially final series of upgrades, on June 10 placed the Intelsat 31 commercial telecommunications satellite into geostationary transfer orbit.
A coalition of 5G terrestrial mobile broadband companies led by Charlie Ergen’s Dish Network on June 8 asked U.S. regulators to strip future low-orbiting satellite Internet constellations of their priority access to 500 megahertz of Ku-band spectrum – spectrum coveted by prospective fleet owners including OneWeb LLC and SpaceX.
Moody’s Investors Service on May 17 left unchanged its investment rating for satellite fleet operator Intelsat in the wake of Intelsat’s offer to purchase $625 million in debt at below par value, saying a March downgrade of the company had already anticipated the move.
Satellite fleet operator Intelsat on May 12 offered holders of three lines of its unsecured debt the chance to cash in for between $710 and $755 per $1,000 of principal, plus an early-bird premium of $20 expiring May 25, for a maximum of $625 million. The tender's overall deadline is June 9.
Moody’s Investors Service and Standard & Poor’s on March 21 downgraded satellite fleet operator Intelsat’s credit rating, saying that while the company had sufficient cash flow to fund its operations it had moved a step closer to a partial loan default.