Hughes Network Systems and Inmarsat are asking the U.S. Federal Communications Commission to amend its C-band auction plans to avoid giving Intelsat and SES an unfair competitive advantage in other spectrum bands and neighboring markets.
Fleet operator Intelsat on June 15 said it has ordered six new satellites — four from Maxar Technologies and two from Northrop Grumman — that it needs to continue telecommunications services in the United States with less spectrum by early December 2023.
Spaceflight Industries has completed the sale of its satellite rideshare business, Spaceflight Inc., to a pair of Japanese companies following a U.S. regulatory review and the modification of an Intelsat loan.
SES is two to three weeks away from ordering six C-band satellites to replace older satellites whose usefulness will be cut short by the FCC’s upcoming spectrum auction, SES CEO Steve Collar told SpaceNews.
Intelsat is asking its bankruptcy court for authorization to modify a $50 million loan to Spaceflight Industries’ Earth-observation business BlackSky that could become a snag in Spaceflight’s sale of its launch rideshare business.
OneWeb told the FCC May 26 that it wants to increase its constellation size to 48,000 satellites despite having filed for bankruptcy over an inability to fund a smaller broadband megaconstellation.
Rationalization of the startup landscape and the right sizing of company balance sheets is inevitable, paving the way for “Space 3.0,” which will see the profitable and sustainable exploitation of entirely new market opportunities, backed by a growing base of enlightened stakeholders.
Intelsat hopes it can eliminate around half of its $15 billion debt load through bankruptcy, a move that would free the company to invest in next generation satellite technologies, according to a company executive.
Intelsat filed for Chapter 11 bankruptcy May 13. Join SpaceNews Editor-in-Chief Brian Berger and Staff Writer Caleb Henry for a live discussion with a panel of veteran analysts.
Intelsat, the world’s second largest satellite operator by revenue, filed for Chapter 11 bankruptcy protection late May 13 as a means to ease its nearly $15 billion debt load and participate in an FCC spectrum auction.
Maxar said the satellite order, which industry analysts say is likely driven by a U.S. effort to clear satellite C-band spectrum to make way for 5G wireless networks, is a “multi-hundred million dollar contract.”
Cyrus Capital Partners, a $4 billion investment advisory firm with offices in New York and London, said Intelsat appears to be headed for a Chapter 11 bankruptcy filing after it skipped a $125 million interest payment due April 15.
A 19-year-old Intelsat satellite resumed service April 2 after getting a new lease on life through Northrop Grumman’s MEV-1 satellite servicer, the companies announced Friday.
Omnispace, a company planning a satellite constellation to keep mobile asset trackers, sensors and other smart devices constantly connected using common cellular standards, ordered two prototype spacecraft from Thales Alenia Space, the companies announced April 9.
Gogo CEO Oakleigh Thorne said the coronavirus pandemic is partly behind the company’s cost-saving efforts, since decreased airline traffic has had a knock-on effect on demand for passenger Wi-Fi.