Intelsat Jackson Holdings, a subsidiary of the company, failed to make a $135m interest payment last month, which triggered the process towards Thursday’s bankruptcy filing. Contact us to get connected to the right subject-matter expert for your story. Mobile Operators, Intelsat Undertakes Financial Restructuring to Pave the Way for Future Innovation and Growth, Echostar, Hughes And Intelsat Support FCC's Draft Regulatory Fee Order, Intelsat Announces New Investor Relations Vice President, Intelsat 901 Satellite Returns to Service Using Northrop Grumman’s Mission Extension Vehicle, Intelsat Selects SpaceX to Launch Intelsat 40e Satellite, Intelsat Announces Fourth Quarter and Full-Year 2019 Results, Intelsat Introduces First-of-its-kind “FlexMove” Managed Service for Ubiquitous Land Mobile Connectivity, Intelsat Announces 2019 Fourth Quarter and Full-Year Conference Call, Intelsat Responds to Remarks of FCC Chairman Ajit Pai in C-Band Proceeding, C-Band Alliance Responds to Remarks of FCC Chairman Ajit Pai in C-Band Proceeding. Intelsat said Sept. 17 it signed contracts with Arianespace and SpaceX to launch its seven C-band replacement satellites. Optus, Yahsat and Arabsat ordered a satellite apiece from Airbus, and Hispasat ordered a satellite from Thales Alenia Space.
Only four other such spacecraft have been ordered by satellite operators in 2020. Maxar reeled in the most orders in this year’s C-band bonanza, with contracts to build five satellites. Intelsat’s bonds, already significantly depressed in value, fell dramatically April 14th as news of a contemplated Chapter 11 restructuring emerged. Satellite communications company Intelsat, the stock of which rocketed to nearly $35 a share on hopes it would reap tens of billions of dollars in …
WASHINGTON — Intelsat has signed a satellite contract with Maxar Technologies, placing the final order in a one-time surge in manufacturing deals triggered by the Federal Communications Commission’s upcoming C-band spectrum auction. This work would be carried out over 3 years and if wrapped on time would qualify for full repayment as well as a $4.8 billion compensation/incentive payment by the FCC. Intelsat and SES are each chasing billions of dollars in incentive payments to clear the spectrum by December 2023, and signed manufacturing and launch deals this year to get new capacity in orbit ahead of that deadline. SES’s transition plan calls for dedicated C-band satellites, while Intelsat’s includes satellites with payloads in other frequencies. The new crop of C-band satellites will use 200 megahertz of spectrum instead of the 500 megahertz satellite operators are accustomed to using over the United States. The anticipated $3.4 billion cost of building and launching these replacement satellites, and deploying their associated ground infrastructure, will ultimately be footed by the 5G network operators that win December’s spectrum auction. SES ordered two satellites apiece from Boeing, Northrop Grumman and Thales Alenia Space. Galaxy-37 is the last of 13 satellites ordered between Intelsat and SES to consolidate North American broadcast customers into a smaller swath of spectrum, freeing up 300 megahertz of C-band airwaves the FCC is repurposing for cellular 5G services across the United States.
Intelsat and SES told the FCC this summer they each expect to spend around $1.7 billion on manufacturing, launch services and ground infrastructure for their C-band satellites.
The reimbursable nature of those satellites added political pressure for Intelsat and SES to order from U.S. manufacturers, which they did for 11 of the 13 satellites. You must be logged in to post a comment scrapped that plan in favor of repacking customers into spare capacity, 10 to 20 commercial geostationary satellites that manufacturers expected operators, SpaceX reaches 100 successful launches with Starlink mission, Axiom Space finalizing first commercial ISS mission, Space Force official: Launch scrubs are no reason to despair. Eutelsat, Hughes and Inmarsat told the FCC earlier this year that they fear Intelsat will use the auction’s rules to subsidize capacity in other bands, giving it an unfair advantage in their markets. The fresh cash is needed to fund Intelsat’s obligations under the FCC-based C-band auction planned for December this year. At 17 orders industrywide, 2020 has already tied the number of orders placed in 2019.
Viasat’s complaint came days after Intelsat announced plans to acquire the commercial aviation business of Gogo, an inflight Wi-Fi provider that competes with Viasat.
The FCC is requiring winning bidders from its December C-band auction to cover the cost of replacement satellites for operators leaving the spectrum. If you continue to use this site we will assume that you are happy with it. Back in October its 8.5 per cent interest bonds were trading at just below their 100 cents on the dollar issue price. Telesat and Claro, the other operators participating in the FCC’s spectrum-clearing program, said they have too little C-band business over North America to warrant replacement satellites. With this final order, Intelsat has now tasked Maxar with building five C-band satellites, and Northrop Grumman with two. Intelsat Cloud Connect Service Enables Enterprise Users to Securely and Reliably Access the Cloud Anywhere, Anytime, Intelsat Finalizes Satellite and Launch Vehicle Contracts for U.S. C-band Spectrum Transition, Intelsat to Acquire Commercial Aviation Business of Gogo, Intelsat Announces Successful Launch of Galaxy 30 Satellite and Northrop Grumman’s Second Mission Extension Vehicle, ViacomCBS Networks International Selects Intelsat for Video Distribution to Major Global Markets, Intelsat Announces Second Quarter 2020 Results, Intelsat Announces New Vice President of Global Government Affairs and Policy, Intelsat Files C-band Spectrum Transition Plan with FCC to Accelerate America’s 5G Buildout, Intelsat Procures New Satellites for C-band Spectrum Transition, Intelsat General Enters into Cooperative R&D Agreement with U.S. Army Combat Capabilities Development Command C5ISR Center, Intelsat Announces First Quarter 2020 Results, Intelsat Opts into FCC Accelerated C-band Clearing Plan, Intelsat Launches End-to-End Managed Cellular Backhaul Solution for U.S. SpaceX will launch four satellites across two missions starting in 2022, Intelsat said. One of the platforms is an old telecoms … VP, Investor Relations And Communications. 2020 | 2019 | 2018 | 2017 | 2016 | …
The 13 C-band replacement satellites count for most of the commercial geostationary satellites ordered this year. News Releases News Releases. Intelsat responded Sept. 16 in a letter to the FCC saying Viasat had presented a “series of error-filled or misleading assertions.”. Eutelsat intended to order one C-band satellite, but scrapped that plan in favor of repacking customers into spare capacity on its current fleet.
Keyword Search. Northrop Grumman came in a close second with four satellites while Boeing and Thales Alenia Space will each build two C-band replacements. Two American satellites have docked high over the Atlantic in a demonstration of what many commentators expect to be a burgeoning new industry.
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