The IRAA meets annually each October for its General Assembly
and Social Gathering.
It also holds an early Summer picnic jointly with COMARA (Comsat
Alumni & Retirees Assoc.) and Intelsat staff between MAY-JUN; a
biennial Winter Social between JAN-FEB and a biennial
late Summer Social between AUG-SEP.
All events provide a great opportunity for old friends & former
colleagues to gather for memorable occasions of fellowship and
camaraderie.
If you are not yet a member of the IRAA and would like to join,
please
CLICK
here.
SES and Intelsat,
SB Docket No. 24-267
Posted:
12 December 2024.
SES S.A. (SES) and Intelsat Holdings
S.à.r.l. (Intelsat) have filed applications seeking approval to transfer
control to SES of the licenses and authorizations held by Intelsat and
its subsidiaries. SES operates a fleet of 43 geostationary satellites
and 26 non-geostationary satellites, operating primarily in the C-, Ku-
and Ka-bands. SES offers satellite capacity, products, and services to
customers worldwide, including content distribution and contribution
services to cable, broadcast and media companies; satellite connectivity
to aircraft and maritime vessels; 4G and 5G network expansion and
resiliency for mobile operators; direct connectivity to cloud computing
data centers; and secure communications for government customers.
10 Tech Trends That Will Impact the Satellite Industry in 2025
Posted:
11 December 2024.
By Anne Wainscott Sargent | December 3, 2024
Via
Satellite asked industry leaders to weigh in on the 10 trends that they
are watching most closely in 2025.
As 2024 concludes on the heels of increasing global
conflicts and a contentious U.S. presidential election, the satellite
and space industry is poised for an interesting 12 months as LEO,
launch, and lunar ambitions advance in the push for greater space
resilience.
The World Economic Forum’s Space Economy report
predicts that the industry will grow to $1.8 trillion over the next 11
years, and not surprisingly, 2025 stands to be a pivotal year for space
capabilities, regulatory developments, and global engagement. Despite
economic and geopolitical uncertainty on the ground, excitement for the
final frontier remains strong.
Click
HERE
for
further details from Via Satellite.
Adel Al-Saleh on
Why Combining SES and Intelsat Fuels the Operator to Scale Up
Posted:
6 December 2024.
By Rachel Jewett and Mark Holmes | December 3, 2024
Shortly after taking the helm as CEO of SES, Adel Al-Saleh
made the splash move to acquire Intelsat in a stunning piece of industry
consolidation. It has echoes of when Eva Berneke became CEO of Eutelsat
and within a short period of time announced a deal to acquire OneWeb.
The satellite industry has entered a new era of fierce
competition in markets such as government, telecoms, aviation, and
cruise. If the deal goes through, SES will have an enviable collection
of Geostationary (GEO) and Medium-Earth Orbit (MEO) assets going forward
as it looks to grow its business in the second half of the decade. The
question is whether combining two satellites giants will be the catalyst
to jump-start a new era for one of the most well-known names in
satellite.
Click
HERE
for
further details from Via Satellite.
SES under considerable market pressure
Posted: 12
November 2024
November 11, 2024 | Advanced Television
November 7th saw satellite operator SES present its
latest set of numbers. By and large the all-important analysts thought
they were solid, and there was an initial uptick with share prices
jumping from €3.50 to €3.81. But within a few hours that optimism had
vanished and SES suffered the ignomany of falling to a 52-week ‘all time
low’ of just €3.44. November 8th saw a further decline to €3.39 by the
end of the day and yet another all time low.
Former Intelsat President Ramu Potarazu Joins Lynk Global as CEO
Posted:
9 November 2024.
By Rachel Jewett | November 8, 2024
Lynk Global named former Intelsat President Ramu
Potarazu as CEO on Thursday as the company goes through a special
purpose acquisition company (SPAC) merger.
This comes two months after Lynk announced CCO Dan
Dooley would become CEO. According to the Nov. 7 announcement, Dooley
will resume the position of CCO. A Lynk representative confirmed to Via
Satellite that appointing Potarazu was part of a planned executive
realignment and Dooley was acting in an interim capacity.
Click
HERE
for
further details from Via Satellite.
SES YTD 2024 and Q3 2024 Results
Posted: 8
November 2024
Press release 07 Nov. 2024
Luxembourg, 7 November 2024 -- SES S.A.
announces financial results for the nine months and three months ended
30 September 2024 with solid operational and financial performance
driving the Full Year 2024 revenue and Adjusted EBITDA outturn which is
now expected to close at the top end of SES’s financial outlook range.
SES Tracks With Expectations in Q3 of 2024
Posted:
8 November 2024.
By Rachel Jewett | November 7, 2024
Government revenue within the segment rose 5%
year-over-year, while Fixed Data and Mobility declined 6% and 7%,
respectively. Although Fixed Data was down year-over-year, it grew 16%
sequentially due to new cloud business
Decline in the Media business slowed down in the third
quarter. Revenue of 233 million euros ($251 million) was down 3%
year-over-year after declining more than 5% in the first two quarters of
the year. The segment has benefited from double-digit growth in sports &
events revenue this year.
Year-to-date, group revenue of about 1.5 billion euros
($1.6 billion) is down 1% year-over-year.
Click
HERE
for
further details from Via Satellite.
SES results ahead
of expectations
Posted: 8
November 2024
By Chris Forrester | November 7, 2024
Sami Kassab, an equity analyst at investment bank BNP/Paribas,
summed up the latest (Q3 and year-to-date) revenue numbers from
satellite operator SES and describing them as “solid… and ahead of
consensus”. His comments were made despite the ever-declining income
from SES’s once-vital Video division.
But even in Video there was an improvement (-3 per
cent decline for this latest quarter-year, against -5.5 per cent lower
for the year to date). Video/Media now represents 47 per cent of overall
income for SES and management confirmed during the analysts’ call that
it expects Video/Media to continue showing a reduced rate of decline at
3 per cent in Q4 and expect Government, Fixed Data and Mobility to show
a sequential improvement in Q4. Aviation and Cruise were up in high
single digits in the year to date.
Adel Al-Saleh, SES - Commercial Space
Transformers
Posted: 6
November 2024
Spacenews Editor | November 5, 2024
In this episode of Commercial Space Transformers
SpaceNews Senior Staff Writer Jason Rainbow speaks with Adel Al-Saleh,
CEO, SES.
SES CEO Adel Al-Saleh dives into the fleet operator’s
bold moves in satellite innovation, including the Intelsat acquisition
and the company’s multi-orbit strategy to outpace rivals like Starlink.
Europe Taps Group
Led by Eutelsat, Hipasat, and SES to Build IRIS2
Constellation
Posted:
2 November 2024.
By Rachel Jewett | October 31, 2024
The European Commission selected a team led by
Eutelsat, Hispasat, and SES to build IRIS² — Europe’s future multi-orbit
satellite constellation.
The three European satellite operators will lead a
consortium called SpaceRISE, which includes European subcontractors:
Thales Alenia Space, OHB, Airbus Defence and Space, Telespazio, Deutsche
Telekom, Orange, Hisdesat, and Thales SIX.
With this news, the procurement enters its final phase
and the European Commission said it expects to sign the contract by
December 2024.
IRIS² will be Europe’s third flagship space program
after Galileo and Copernicus. It is planned as a constellation of 290
satellites in both Medium-Earth Orbit (MEO) and Low-Earth (LEO) to
provide secure connectivity services to the EU and its Member States,
along with broadband connectivity.
Click
HERE
for
further details from Via Satellite.
'Space junk' threat
to satellites
Posted: 27
October 2024
October 25, 2024
The problems caused by the loss of Intelsat’s i33e
craft on October 19th, which has now been declared a total loss, has
highlighted the problems with other dangerous space junk. A report from
Quartz says that there are now about 3,000 dead satellites littered
across space, and some 34,000 piece of large space junk and millions of
smaller pieces posing threats to orbiting craft.
SES-Intelsat combination's far-reaching
impact on deal-making
Posted: 24
October 2024
Jason Rainbowr | October 23, 2024
TAMPA, Fla. — The ripples from Intelsat’s $3.1 billion
sale to rival satellite operator SES are disrupting and delaying deals
for suppliers and other companies further downstream, according to
finance experts on an Oct. 22 Satellite Innovation panel.
“Intelsat and SES are the two largest geostationary
satellite operators in the world,” noted Armand Musey, a satellite
industry analyst and founder of Summit Ridge Group, driving a large
portion of satellite manufacturing and launch orders.
“And so those markets have come under pressure,” he
continued, affecting “some of the downstream suppliers to each of those
players, and suppliers to those suppliers.
“I mean, the ripple effect downstream is enormous.”
Mohammed Marashi (SES, SVP/Future Business &
Innovation) delivered a fascinating Keynote at the SVSW and its
Satellite Innovation sessions, explaining the might of SES which carries
6400 TV channels to some 363 million viewers in 130 countries. But the
fastest-growing segment at SES was non-video in particular mobility and
data and SES is building rapidly on these changes.
Marashi said that SES was now investing in start-ups,
and was co-developing new products and working with consortia on these
developments and also collaborating with its existing customers on new
developments. He described these developments as being “radical” for
SES, and even “disruptive” and the intention was to accelerate how
things were evolving. The old view at SES even in terms of the O3b fleet
came from its experience with geostationary satellites. In reality we
needed to be thinking more of the O3b fleet as LEO craft.
Intelsat
33e breaks up in goestationary orbit
Posted: 21
October 2024
Jason Rainbow | October 19, 2024
TAMPA, Fla. — The Intelsat 33e satellite has broken up
in geostationary orbit (GEO) and lost power, ceasing communications
services for customers across Europe, Africa and parts of Asia Pacific.
Intelsat said Oct. 19 it is working with satellite
maker Boeing to address an anomaly that emerged earlier that day, but
“believe it is unlikely that the satellite will be recoverable.” An
Intelsat spokesperson said the satellite was not insured at the time of
the issue.
The U.S. Space Force reported it is tracking 20 pieces
of debris associated with the spacecraft.
NAB Concerned About SES-Intelsat Spectrum
Stranglehold
Posted: 18
October 2024
Art Bertenthal | Oct. 17, 2024
WASHINGTON, Oct. 17, 2024 - A major
association of television and radio broadcasters is concerned about a
proposed merger between two large satellite service providers.
The National Association of
Broadcasters, based in Washington D.C., stated in comments filed with
the Federal Communications Commission on Tuesday that the proposed $3.1
billion merger could impact the quality and cost of C-band satellite
services.
Intelsat CEO David
Wajsgras Explains Why the Time was Right for the SES Deal
Posted:
1 October 2024.
By Mark Holmes & Rachel Jewett | September 30 2024
Intelsat CEO David Wajsgras shares
why the time was finally right to do the deal with SES, answers some of
the ongoing questions about the acquisition, and talks about the
importance of Intelsat’s terminal strategy.
The SES deal to acquire Intelsat will be remembered as one of the
biggest news stories of 2024. After years of back-and-forth,
will-they-won’t-they, two of the largest satellite operators are now
working through a combination, pending regulatory approval. But what
does it mean for Intelsat, a brand with a storied history in satellite
communications?
Via Satellite recently spoke with Intelsat CEO David
Wajsgras, who has long promoted the value of consolidation. He sees the
answer to competing with well-funded disruptors Starlink and Kuiper in
marshalling a “tri-orbit” fleet of the companies’ Geostationary (GEO and
Medium-Earth Orbit (MEO) satellites, supplemented by Low-Earth Orbit
(LEO) capacity, underpinned by tech-savvy terminals and managed
services. In this interview, Wajsgras shares why the time was finally
right to do the deal with SES, answers some of the ongoing questions
about the acquisition, and talks about the importance of Intelsat’s
terminal strategy.
Intelsat gets a license to rescue Galaxy
25
Posted: 30 September 2024
September 27, 2024 By Chris Forrester
The FCC, on September 25th, issued permission for a
rescue attempt on Intelsat’s ‘drifting’ Galaxy 25 satellites with a
Mission Extension Vehicle (MEV/Space Tug) over the next few days. The
FCC is keen on the whole exercise being seen as an experimental mission.
In its permission, the FCC stated: “After an extended
period of drifting, and pursuant to a separate experimental authorisation,
Galaxy 25 will dock with the mission extension vehicle (MEV), and the MEV
will perform a series of tests while docked.”
SES Issues Dividend Payment to Shareholders
Posted:
30 September 2024.
By Mark Holmes | September 27 2024
SES has announced details of a new dividend payment to
shareholders. The SES Board of Directors has approved the payment of an
interim dividend of 0.25 euros ($0.28) per A-share (0.1 euros per
B-share) to be paid to shareholders in October, in line with the
announcement made in February 2024 and SES’s commitment to shareholder
returns. SES made the announcement, Sept. 27.
SES says the implementation of a semi-annual dividend
distribution brings greater alignment between the cash generation of the
business and cash returns to shareholders. The interim dividend to be
paid next month will be followed, subject to shareholder approval, by
the payment of a final dividend of at least 0.25 euros per A-share (0.1
euros per B-share) in April 2025.
Vodaphone to Adopt Intelsat's Flex Portfolio of Connectivity
Posted:
23 September 2024.
By Rachel Jewett | September 22 2024
Vodafone is expanding its work with Intelsat to bring
on-the-move satellite communication to organizations operating in
hard-to-reach areas or disaster zones.
Vodafone and Intelsat announced Monday that Vodafone
is adding Intelsat’s Flex portfolio to its satellite connectivity
product range. This includes communications-on-the-move (COTM) with a
vehicle-mounted antenna, and communications-on-the-pause (COTP) with a
compact satellite terminal. Flex operates on Intelsat’s Geostationary
Orbit (GEO) network.
This expanded connectivity will support businesses,
governments and charities, including the telco’s charitable arm,
Vodafone Foundation, with health and education initiatives in Europe and
Africa.
Click
HERE
for
f
further details from Via Satellite
Intelsat
Unveils Terminal Strategy to Power Multi-Orbit Satellite Services
Posted: 17
September 2024
September 16,
2024
Intelsat
Invests in Paris-based Greenerwave, Launches NextGen Mobility Terminal
Development
MCLEAN, Va. – Intelsat operator of one of the world’s
largest integrated satellite and terrestrial networks and leading provider
of in-flight connectivity (IFC), will be the first operator in the world to
offer multi-orbit solutions for all relevant business units by the first
half of 2025 thanks to a new satellite terminal strategy that will deliver
advanced capabilities and improved economics.
“Intelsat is making strategic bets on new technologies,
including new investments in innovative terminal providers,” said Intelsat
CEO David Wajsgras. “More and more customers will come to count on the broad
reliability profile of multi-orbit solutions, and it is key to our future
success. No single-orbit solution can match what Intelsat can offer when it
comes to performance, resiliency and commercial flexibility.”
Softbank Corp, and Intelsat Launch
Landmark Collaboration to Create Ubiquitous Network
Posted: 17
September 2024
September 16, 2024
MCLEAN, Va. – SoftBank Corp. (“SoftBank”) and Intelsat
signed a groundbreaking collaboration agreement that will lead to the
launch of a single “Ubiquitous Network” enabling customers to stay
connected everywhere they go. SoftBank and Intelsat will jointly lead
research and development of seamless 5G connections between terrestrial
mobile networks and satellite communications networks.
In a society where everyone and everything is increasingly
dependent on staying connected, convenient, and always-on,
telecommunications are essential. However, despite the coming realization of
autonomous mobility with automobiles, ships, drones and other vehicles, many
areas are still without ground-based mobile network coverage and require
separate devices and accounts to connect to non-terrestrial networks.
Satellite giant Intelsat used IBC to
announce an impressive set of new business wins and services. Top of the
list is a contract for a hybrid TV distribution service for A&E
Networks, now branded as Hearst Networks. Intelsat will transmit
Hearst’s portfolio of channels to “hundreds” of points across Europe
thanks to its seamless satellite-terrestrial connection. The signals are
beamed from Intelsat’s 1 degree West satellite and available to some 16
million cable, broadcast and DTH homes. Pascale Fromont, Intelsat’s
VP/GM Media, talking exclusively to Advanced-Television, explained that
global media customers such as A+E Networks increasingly want to work
with a single operator that can provide seamless connections from
satellite to ground-based Internet Protocol distribution networks.
“Intelsat has visibility across the full distribution network, even when
it spans multiple technologies and we can enable our customers to reach
more end users across direct-to-home (DTH), cable, and IPTV, in order to
reach viewers.”
Intelsat
fined for "unauthorised satellite operation"
Posted:
16 August 2024
August 15, 2024
The FCC has fined Intelsat $160,000 (€145k) for the
satellite operator’s “unauthorised operation of its Galaxy 35
satellite.” Intelsat admitted to violating the FCC’s rules, and agreed
to implement a compliance plan, and will pay a $160,000 civil penalty.
The FCC’s Enforcement Bureau, in its statement, said
that Intelsat in April 2022 “requested authority to construct, deploy,
and operate its Galaxy 35 satellite to provide Fixed Satellite Service
on a noncarrier basis at the 95.15° West orbital location”. In October
2022, Intelsat amended the pending application for Galaxy 35 and instead
sought authority to deploy this satellite at 95.05° West.
Intelsat obtained special temporary authority to
conduct telemetry, tracking and command (TT&C) transmissions while
Galaxy 35 drifted from its in-orbit test location toward its authorized
location of 95.05° West. In a request for further special temporary
authority to drift Galaxy 35, Intelsat incorrectly advised the FCC that
the satellite was then being drifted toward its authorised location,
which was 95.05° West. However, Intelsat was in fact drifting Galaxy 35
toward 94.85° West.
ClickHEREfor
further details from
Advanced Television
SES H1 2024
Posted:
2 August 2024
Luxembourg, 1 August 2024 -- SES S.A. announces financial results for
the six months ended 30 June 2024.
H1 performance
underpins 2024 Full Year outlook
• Revenue of €978 million (-0.6% YOY) and Adjusted EBITDA of €525
million (-0.9% YOY)
• Networks (+5.0% YOY) including 8.4% YOY growth in Government
• Video performance -6.7% YOY with important new long-term renewals
signed
• Adjusted Free Cash Flow (AFCF) of €146 million and Net Leverage at
1.7x (including cash & cash equivalents of €2.1 billion)
• 2024 revenue outlook (of €1,940 - 2,000 million) on track and
unchanged
• 2024 Adjusted EBITDA outlook (of €950 - 1,000 million) tracking to
upper half of the expected range
Fully Funded &
highly accretive Intelsat acquisition will create a stronger multi-orbit
competitor
• Regulatory process underway and on track for closing during H2
2025
• Integration & synergies planning progressing to ensure maximum
possible execution from Day 1
• Combination doubles revenue from growing Networks segments and
unlocks €370 million of run-rate synergies (70% within 3 years)
• Mid-single digit Adjusted EBITDA CAGR (2024E-2028E) to drive
‘normalised’ AFCF of more than €1 billion by 2027E/2028E
• SES’s investment grade rating re-affirmed and Net Leverage expected
to be below 3x within 12-18 months after closing
Adel Al-Saleh, CEO of SES, commented:
“H1 2024 revenue and Adjusted EBITDA were in line with our expectations
reflecting solid execution. We are on track to deliver on our Full Year
2024 financial objectives. Networks, which now represents more than 50%
of our business, continued to grow supported by key wins in the
government segment, while our Media business secured additional customer
commitments to reinforce our solid cash generation fundamentals.
The entry of O3b mPOWER into commercial
service in April was a key milestone for SES with committed customers
now being deployed onto the system. We remain on track to expand the
initial constellation starting with the next launch of satellites 7-8 at
the end of this year, followed in 2025 with satellites 9-11 and 2026
with satellites 12-13, accelerating our profitable long-term growth
trajectory.
Forrester's Digest:
SES H1: Video revenues under pressure
Posted 2 August
2024
August 1,
2024
Satellite operator SES has reported
€978 million in H2 revenues, down 0.6 per cent y-o-y. 2024 revenue
outlook (of €1.94 billion – €2 billion) remains unchanged. CEO Adel Al-Saleh
said that the company’s acquisition of Intelsat is “on track” and
remains due to close later next year.
“The entry of O3b mPOWER into
commercial service in April was a key milestone for SES with committed
customers now being deployed onto the system. We remain on track to
expand the initial constellation starting with the next launch of
satellites 7-8 at the end of this year, followed in 2025 with satellites
9-11 and 2026 with satellites 12-13, accelerating our profitable
long-term growth trajectory,” Al-Saleh stated. “With the launch of ASTRA
1P to 19.2E in June, we are leveraging the latest technological
innovation to sustain our most important cash-generative media
neighborhood for the long-term, while simultaneously capturing
significant CapEx efficiencies.”
SES Shows Momentum in Gov and Mobility in the First Half of 2024
Posted:
2 August 2024.
By Rachel Jewett | August 1, 2024
Satellite operator SES reported strong
momentum in its Networks business, particularly in the Government and
Mobility sectors, as it reported its first half 2024 financial results
on Aug. 1.
Overall, SES reported 978 million euro
($1.1 billion) of revenue in the first half of 2024, down less than 1%
year-over-year. Net profit was 73 million euros ($79 million).
The Networks business continues to
grow, increasing revenue in H1 by 5% year-over-year to 523 million euros
($565 million). The Networks business now makes up more than 54% of the
company’s overall revenue.
Mobility saw the largest growth in the
Networks segment, up 11% year-over-year to 154 million euros ($166
million).
SES CEO Adel Al-Saleh told investors on
Thursday that within the Mobility segment, maritime saw double-digit
growth in the first half of the year with periodic revenue and new
cruise ships added to the service portfolio. Aviation saw high
single-digit growth for new contracts signed to support in-flight
connectivity (IFC) partners.
Click
HERE
for
f
further details from Via Satellite
Intelsat Advances 3GPP Approval for Unified Satellite and Terrestrial
Network
Posted:
27 July 2024
By Rachel Jewett | July 26, 2024
The 3GPP mobile standards organization
has approved an Intelsat-led Ku-band project for standardization.
Intelsat led the effort with support from 35 companies and 3GPP
community members, including other satellite operators, terrestrial
vendors, and mobile network operators (MNOs).
The approval of the “Ku-band Work
Package” means that Intelsat and other satellite providers will now
begin the process leading to full certification to deploy Ku-band-based
5G New Radio (NR) services, targeted to be completed at the end of 2025.
Intelsat C-band 'Insider Trading' case
dismissed
Posted: 27
July 2024
July 26
, 2024
A long-running Class Action against
certain Intelsat directors and their investment firms and its then
chairman (Dave McGlade) alleging inside trading has been dismissed by a
US Appeals Court.
The Class Action, led by a hedge fund
Walleye Opportunities Master Fund, and others, had “failed to adequately
show that the insiders learned adverse news about [satellite] broadcast
frequency licencing prior to selling their shares,” stated the Appeals
Court.
The Court found that the two investment
firms which were shareholders in Intelsat (Silver Lake Group and BC
Partners) as well as Intelsat’s chairman Dave McGlade had not known
about
SES + RTL
Deutschland extend partnership across Germany + Austria on ASTRA 19.2
degrees East
Posted 19 July
2024
July 18, 2024
SES and RTL Deutschland have extended their long-term partnership to
deliver a wide range of high-quality range of TV channels to audiences
across Germany and Austria -- this extension will run to the end of the
decade. RTL Deutschalnd's TV offering will also continue to be
available on HD-SES's high-definition satellite TV platform in Germany.
The agreement, which covers the distribution of SD, HD and UHD TV
channels via SES’s prime TV neighborhood at 19.2 degrees East, will help
ensure that viewers across the region can access their favorite programs
with an optimal viewing experience, including RTL, VOX, ntv, NITRO,
SUPER RTL, TOGGO plus, RTLup, VOXup, RTLZWEI and the RTL UHD event
channel.
In addition to satellite capacity, SES will now provide uplinking
services for RTL Deutschland’s TV channels directly from its facilities
in Munich, Germany and Betzdorf, Luxembourg.
The Viasat/Inmarsat Deal: One Year Out
Posted:
19 July 2024
One year after the Inmarsat acquisition closed, Via Satellite talks up
with the Viasat leadership team about the business integration, ViaSat-3
ramifications, and how they see the opportunity for global scale amid a
changing industry.
By Rachel Jewett | June 25, 2024
When the acquisition closed last summer, the Carlsbad,
California-based business was preparing for global expansion with the
trio of ViaSat-3 high capacity satellites that had been in the works for
years. U.K.-based Inmarsat brought global coverage to the table, with
its fleet of Ka-band and L-band satellites.
What happened next has been well documented. Soon
after clearing a lengthy approval process to close the deal in early
summer of 2023, Viasat experienced a shocking setback when the first
ViaSat-3 satellite had a major anomaly, slashing the satellite’s
available capacity. Later that summer, the I-6 F2 satellite also
suffered an “unprecedented” anomaly. These anomalies forced the operator
to recalibrate while it was going through the integration process.
Now one year after the acquisition closed, Via
Satellite caught up with the Viasat leadership team to talk about the
business integration, ViaSat-3 ramifications, and how they see the
opportunity for global scale amid a changing industry.
We have lost
contact with these members below. If you have any information on
how to contact them, please send us an EMail at:
info@myiraa.com
Geoffrey
Cheadle Mildred Coover John Crispin
Lydia Esguerra Fred Foldvary Roy Lee Huffman
Jethro Shedrick
Intelsat
confirms another space tug rescue mission
Posted: 1
July 2024
June 28
, 2024
Intelsat has signed a contract with Starfish Space for
a geostationary satellite space tug servicing mission which will take
place in 2026.
Starfish Space’s ‘Otter’ rescue satellite will attach
itself to an already retired Intelsat craft to validate that the system
can work. This test linkage will be followed by another rescue mission
for an – as yet – unspecified active satellite.
Intelsat already has a two rescue tugs working in
space. Its Intelsat 10-02 craft is using Northrop Grumman’s Mission
Extension Vehicle MEV-2 service vehicle. The rescue was originally
planned to last for five years (from 2021) but in May Intelsat announced
that it had extended the contract with Northrop Grumman to keep MEV-2 in
place and married to Intelsat 10-02 for an additional four years.
Starfish
Space to extend Intelsat satellite life in first commercial mission
Posted:
27 June 2024
Jason | June 26, 2024
TAMPA, Fla. — Starfish Space aims to extend the
operational life of a geostationary Intelsat satellite in 2026 after
reaching a deal for its first commercial servicing mission.
Jean-Luc Foreliger, Intelsat’s senior vice president
of space systems, said Starfish is in the middle of picking a rocket to
launch its mini-fridge-sized Otter servicer between October 2025 and
June 2026.
Starfish would first try to attach Otter to a retired
Intelsat satellite parked in graveyard orbit, some 360 kilometers above
the geostationary arc, to validate its approach and docking
capabilities.
SES Announces
Successful Syndication and Raising of C3 Billion Acquisition Financing
Posted:
21 June 2024
€2.1 billion bridge facility provided by a group of
relationship banks • US$1 billion bank term loan facility to cover part
of the financing requirements • Extension of existing €1.2 billion
revolving credit facility by two additional years
Luxembourg, 19 June 2024 – SES S.A. announces the
successful syndication of a €3 billion equivalent acquisition financing
package to support the earlier announced agreement for SES to acquire
Intelsat S.A.. Prior to the Intelsat deal announcement, Deutsche Bank AG
and Morgan Stanley jointly had underwritten a €3 billion bridge facility
to support SES’s financing requirements as part of the agreement to
acquire Intelsat. This €3 billion bridge facility has been successfully
syndicated now, with a highly oversubscribed level of commitments, to an
international group of existing relationship and new banks in the form
of a €2.1 billion bridge facility and US$1 billion term loan. The term
loan was upsized in syndication on the back of a strong response from
the bank group.
Inside SIA's 2024 State of the Satellite
Industry Report
Posted:
17 June 2024
By Rachel Jewett | June 13, 2024
The global satellite industry grew revenue by 2% in
2023, as most segments of the industry except satellite TV saw gains,
according to the Satellite Industry Association’s (SIA) annual report.
SIA released the 27th annual State of the Satellite
Industry report on June 13, produced by BryceTech. The report takes
stock of activity in segments across the industry, from manufacturing,
satellite services, launch, space sustainability, and ground equipment.
While launches and Low-Earth Orbit (LEO)
constellations garner the most media headlines, the report shows that
launch continues to be a small fraction of overall industry revenue —
and the declining satellite TV market still holds a major share of
industry revenue.
Intelsat bankruptcy: Case closed
Posted: 11
June 2024
June 10
, 2024
| Advanced Television
Intelsat emerged from its Chapter 11 bankruptcy in
February 2022. However, there were many smaller matters that its
bankruptcy court still had outstanding, not least a dispute between
Intelsat and SES over how the FCC’s C-band incentive payments were to be
divided.
Over the past few months, these minor elements have
all been resolved. Smaller claims have been settled and with the agreed
purchase by SES of Intelsat itself now progressing (although not likely
to wrap until later next year), the bankruptcy court has determined that
all matters it was handling have now been settled to its satisfaction.
Judge Keith Phillips, who had handled the bankruptcy
in his ruling, said simply “The Chapter 11 case having been fully
administered, the case is hereby closed.” The court issued its Final
Decree to all the (mostly earlier) interested parties in a formal
notification on June 6th.
SES's Acquisition
of Intelsat Marks a New Chapter in the History of the Space Age
Posted:
5 June 2024
By Roger Cochetti | June 4, 2024
The recent announcement that Luxemburg-based satellite
operator SES acquired Intelsat, the former inter-governmental satellite
organization, represents the final paragraph of what I describe as the
third chapter of the Space Age. The next Space Age chapter has begun and
it will change many rules. To make sense of this emerging Space Age
environment, we need to take a brief look at the Space Age itself and
how it’s gotten us to the next chapter, what I’ll call “Chapter IV: In
Space, Everything’s Up for Grabs.”
Historians have various ways to demark the Space Age.
I prefer four chapters beginning in the 1930’s with “Chapter I: Space as
a Major Weapon” when German scientists pioneered the development of
rocketry as a major weapon system. Through the V-2 Rocket, the world saw
major weapons coming down from Space potentially destroying entire
cities. The emerging US and Soviet superpowers watched carefully; and
German rockets and rocket scientists were soon the two superpowers’ most
sought-after commodities when the War ended. This led to the development
of larger and more powerful Soviet and American rockets during the
postwar years and their being equipped with nuclear weapons or spy
cameras. During Chapter I (1930’s-1950’s), the Space Age began as a
military event.
SES Launches SES
Orbits IFC Network
Posted: 31
May 2024
May 30, 2024
SES has reached agreements-in-principle
with several regional satellite network operators to launch the SES Open
Orbits™ Inflight Connectivity (IFC) Network to enable seamless
connectivity services to airlines around the world.
This fully interoperable Ka-band platform
will combine the GEO and MEO satellite networks of SES; NEO Space Group
(NSG), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF);
AeroSat Link (ASL), a subsidiary of China Satcom; and Hughes
Communications India (HCI).
Intelsat Signs Four-Year MEV Satellite Life Extension Deal with Northrop
Grumman
Posted:
24
May 2024
by Jeffrey Hill | May 23, 2024
Satellite operator Intelsat has signed
with Northrop Grumman‘s SpaceLogistics to utilize its two Mission
Extension Vehicles (MEVs) and service its satellites for at least
another four years. The contract agreement, announced Thursday, is
itself a life-extension of a six-year-long partnership between the two
companies that has showcased how the MEV-1 and MEV-2 vehicles can extend
the life of aging Geostationary Orbit (GEO satellites beyond their
typical 15-20 year lifespan.
SpaceLogistics’ MEV-1 vehicle docked with Intelsat’s
IS-901 in 2020, marking the first time that two commercial spacecraft
docked and began mission-extension service in GEO. After docking, MEV-1
pointed IS-901 to targeted antennas on Earth. Intelsat said the maneuver
extended the satellite’s life for another five years.
.
Click
HERE
for
further details from Via Satellite
Viasat Stock Dips
After Operator Projects Flat Revenue in FY '25n
Posted:
24
May 2024
Rachel Jewett | May 23, 2024
Viasat posted record revenue for fiscal year 2024, its
first year including Inmarsat’s contribution, post-acquisition. But the
company’s stock dipped 16% on Wednesday as Viasat projected flat revenue
in the coming year due to competition in the broadband market and delays
with aircraft connectivity installations.
The satellite operator delivered record revenue of
$4.3 billion in fiscal year 2024, a 68% increase from $2.6 billion a
year ago. This is the first year to include Inmarsat’s contribution
after Viasat closed the transaction on May 30, 2023.
.
Click
HERE
for
further details from Via Satellite
Intelsat 2023 Annual Financial report (audited)
Posted:
10 May 2024.
SES and Intelsat:
the Biggest Deal of 2024
Posted:
8 May 2024
A collection of Via Satellite interviews and in-depth
analysis on the combination of two satellite industry giants.
After years of rumors of a possible merger, SES
announced on April 30 that it will acquire fellow satellite operator
Intelsat in a $3.1 billion deal. Bringing together these two industry
giants will create the largest Geostationary (GEO) satellite operator in
existence, with a fleet of more than 100 satellites.
While not wholly surprising, the deal will likely have
a major impact on the satellite industry. With massive GEO assets, SES’s
Medium-Earth Orbit (MEO) fleet, and Intelsat’s agreement for Low-Earth
Orbit (LEO) capacity, leaders say this deal will create a formidable
multi-orbit operator to go after growth markets like government and
mobility.
In this Content Collection, Via Satellite takes a
close look at the acquisition. We share commentary from a number of
analysts breaking down the strength of the operators’ multi-orbit assets
and how it will impact competition with Starlink and Kuiper.
Breaking Down the SES/Intelsat Deal: Analysts Review Multi-Orbit Assets
and Competitive Effects
Posted:
3 May 2024
Though it long had been the subject of rumors, SES‘s agreement to
finally acquire Intelsat still sent shockwaves through the satellite
industry as the result will see the merge of two iconic global
operators. Via Satellite spoke to a number of analysts to analyze the
deal from the strength of the operators’ multi-orbit assets, to how it
will impact competition with Starlink.
This roundtable includes Daniel Welch, co-founder and senior consultant
of Valour Consultancy; Luigi Scatteia, partner, Space Practice Global
Lead for PwC; Frost & Sullivan analysts Arjun Sreekumar, consulting
director, Middle East & Europe, Growth Advisory, Aerospace & Defense and
Pravin Pradeep, industry analyst, Aerospace & Defence; and Lluc Palerm,
research director for Analysys Mason.
Full details of
SES, Intelsat deal
Posted: 1
May 2024
May 1, 2024
SES’s senior management briefed analysts after their
April 30th announcement that SES would buy Intelsat in a $3.1 billion
(€2.8bn) cash purchase. The deal is transformational, not just for SES
and Intelsat themselves but for the industry as a whole.
However, despite some very appealing statistics and
forecasts, shareholders were extremely unhappy. Its share price crashed
within moments of the announcement and during the day hit an ‘all time
low’ of €4.13. It recovered a little as the afternoon went on and
‘bottom feeding’ buyers realised the stock was – perhaps – at bargain
basement prices. Neverthelp
ess, in three days its shares lost 20 per cent
of their value as investors realised the agreement with Intelsat meant a
probable 3-5 year timetable before tangible benefits would be felt.
On the upside the purchase means that SES, once the
deal wraps, will control more than 100 geostationary satellites and 26
medium Earth orbiting craft. Neither business owns a Low Earth orbiting
(LEO) fleet but SES has a capacity agreement with Elon Musk’s Starlink,
while Intelsat has a similar agreement with Eutelsat’s OneWeb.
SES Explains the
Strategy Behind the Long-Anticipated Acquisition of Intelsat
Posted:
1 May 2024
by Mark Holmes, Rachel Jewett | April 30, 2024
That SES will acquire Intelsat for $3.1 billion. It is
a massive piece of industry consolidation, bringing together two of the
largest satellite operators for a combined company with around $4
billion in revenue, more than 100 satellites in Geostationary Orbit
(GEO), and 26 satellites in Medium-Earth Orbit (MEO).
SES CEO Adel Al-Saleh pitched the merger as bringing
the companies together to create a player with a stronger multi-orbit
position in the market to deliver better offerings in high-value markets
like government and mobility
“This is a highly dynamic market. There’s new
competition. This market is moving very fast, new LEO [Low-Earth Orbit]
entrants are launching constellations. Having scale and a multi-orbit
capability is critical to success. Being isolated or cornered into one
part of the market without having the breadth and capability to compete
is a difficult way to compete in this market,” Al-Saleh told analysts
and investors on April 30.
“The stronger positioning in a multi-orbit capability
gives us ways to deliver [solutions] to clients that we would struggle
to deliver independently,” he added.
SES
to acquire Intelsat; solid Q1
Posted: 1
May 2024
April 30
, 2024 By Chris Forrester
SES vs Intelsat C-band hearng postponed
Posted: 1 May 2024 April 22, 2024 By Chris Forrester The long-running
legal battle between SES and Intelsat over more than $400 million
(€375.2m) which SES is claiming out of the sum received by Intelsat from
the FCC’s compensation scheme for the reuse of C-band, has been
postponed. A hearing initially set for April 24th has now been
rescheduled for July 17th. SES is arguing that Intelsat agreed to a
50/50 split of the FCC’s overall $9 billion C-band compensation.
Intelsat has hold of the cash and insists that the agreement didn’t
stand once the FCC agreed to a public – and not a private – auction of
the frequencies. .Click HERE for further details from Advanced
Television.
The deal is not expected to clear regulatory hurdles
much before H2 2025, and could well face anti-trust challenges in the
US.
“The transaction has been unanimously approved by the
Board of Directors of both companies and Intelsat shareholders holding
approximately 73 per cent of the common shares have entered into
customary support
agreements requiring them to vote in favour of the transaction,” added
SES.
Luxembourg and McLean, VA, 30 April 2024 — SES S.A.
(“SES”) and Intelsat S.A. (“Intelsat”) announce an agreement for SES to
acquire Intelsat through the purchase of 100% of the equity of Intelsat
Holdings S.a.r.l. for a cash consideration of $3.1 billion (€2.8
billion) and certain contingent value rights. The combination will
create a stronger multi-orbit operator with greater coverage, improved
resiliency, expanded suite of solutions, enhanced resources to
profitably invest in innovation, and benefit from the collective talent,
expertise, and track record of both companies.
SES to acquire
Intelsat for $3.1bn
Posted:
30 April 2024
by Jeff Fouost | April 30, 2024
WASHINGTON — SES is acquiring rival satellite operator
Intelsat for $3.1 billion, a deal that would bring together two of the
major GEO satellite operators in a market facing increased competition
from LEO constellations.
The companies announced April 30 that they had agreed
on the deal, subject to regulatory approvals. SES will pay $3.1 billion
in cash along with certain contingent value rights for 100% of Intelsat.
The transaction is not expected to close until the second half of 2025.
SES said it will fund the deal through existing cash
on hand, which it estimates to be $2.6 billion at the end of March,
along with debt. The combined company would have about $4.1 billion in
annual revenues and estimated adjusted earnings before interest, taxes,
depreciation and amortization (EBITDA) of $1.9 billion this year. The
combined company will remain headquartered in Luxembourg, where SES is
based, but will maintain a “significant presence” at Intelsat’s home in
the Washington, D.C., area.
SES vs Intelsat C-band hearing postponed
Posted: 26
April 2024
April 22
, 2024 By Chris Forrester
The long-running legal battle between SES and Intelsat
over more than $400 million (€375.2m) which SES is claiming out of the
sum received by Intelsat from the FCC’s compensation scheme for the
reuse of C-band, has been postponed.
A hearing initially set for April 24th has now been
rescheduled for July 17th.
SES is arguing that Intelsat agreed to a 50/50 split
of the FCC’s overall $9 billion C-band compensation. Intelsat has hold
of the cash and insists that the agreement didn’t stand once the FCC
agreed to a public – and not a private – auction of the frequencies.
US government could
help fund Intelsat's MEO plans
Posted:
13 April 2024
by Jason | April 12, 2024
TAMPA, Fla. — Intelsat is in talks with the U.S.
government to help fund 17 medium Earth orbit (MEO) satellites to expand
the operator’s multi-orbit broadband network.
CEO David Wajsgras said the company, which operates
geostationary satellites but also provides low Earth orbit (LEO)
services via leased capacity from OneWeb, is due to pick companies to
build its own MEO network before the end of June.
“We’ve been looking at multiple manufacturing partners
for the bus, the sensors and for some of the modules,” Wajsgras told
SpaceNews in an interview, “and determining the exact construct of the
team that would put those satellites on orbit in approximately
three-and-a-half to four years from now.”
Intelsat contemplates next step
Posted: 11
April 2024
April 10
, 2024 By Chris Forrester
It was recently reported how Intelsat was facing up to
its future and how it would compete with rival satellite operators.
More detail has now emerged. Intelsat has been through
something of a nightmare this past few years, emerging – more or less –
from Chapter 11 bankruptcy with much reduced interest obligations and
the recipient of the FCC’s almost $5 billion in compensation for its
C-band frequencies. One key indicator is that Intelsat’s current owners
could move the company towards an IPO probably around 2027.
We are pleased to Welcome the following new member
to the Intelsat
Retirees and Alumni Association: March
2024
Lare Atcha-Oubou
Intelsat outlines future; plans for MEO
Posted: 21
March 2024
March 20, 2024
David Wajsgras, CEO at Intelsat, used his Keynote at
the Washington Satellite 2024 show to explain how the satellite giant
was changing from its past role, albeit important global supplier of
bandwidth, to what he saw as new opportunities. Included in his
discussion was news that Intelsat was close to deciding on a
Medium-Earth orbiting constellation (MEO).
Wajsgras, which had last year’s merger with SES
happened would have been the CEO at the combined company, told delegates
that Intelsat was changing to provide full-scale, end-to-end solutions
for its clients and was looking forward to greater use of Medium Earth
orbiting and in particular direct-to-user connectivity.
.Click
HERE
for
further details from Advanced Television
Intelsat Advances Multi-Orbit Strategy
with Expansion of Eutelsat Group LEO Agreement
Posted: 20
March 2024
March 19, 2024
MCLEAN, Va. – Intelsat today announced a strategic
advance in its service capabilities through an expanded partnership with
Eutelsat Group related to that company’s OneWeb low-earth orbit (LEO)
constellation. The deal is a significant development for multi-orbit
satellite connectivity solutions and positions Intelsat at the forefront
of the next wave in global connectivity.
The arrangement provides a commitment of $250 million
for LEO service over the first six years, with an option for an
additional $250 million. This agreement will increase and further
integrate LEO capabilities into Intelsat’s solutions offerings across
its current and future customer base.
Top
Operators Bring a Laser-Like Focus to New Markets
Posted: 20
March 2024
by Maria Torrieri | March 19, 2024
SATELLITE 2024’s Opening General Session on Tuesday
brought together satellite industry leaders in a lively — and slightly
heated — discussion on global broadband connectivity, technology, and
what’s next for legacy operators amid competition from Starlink.
Gwynne Shotwell, president and COO of SpaceX, touched
on several developments — including updates with Starlink, the recent
John Deere deal, and Starship’s test flight — in addition to announcing
SpaceX’s next frontier: plug and play lasers.
10
Hottest Satellite Companies in 2024
Posted:
23 February 2024
by Rachel Jewett | February 22, 2024
Via Satellite’s 10 Hottest Companies rounds up 10
“must watch” companies in the satellite industry, from constellations,
manufacturing, launch, and more. Via Satellite editors chose the
companies on this list based on their expected activity for the year,
and a mix of market share, transformational technology, ground-breaking
deals, and overall industry excitement.
Now in its sixth year, it’s fascinating to see new
companies make the list as the industry evolves. A number of these
companies didn’t exist when the list started in 2019. The companies
selected as the 2024 10 Hottest Companies in Satellite are listed here
in alphabetical order:
Amazon / Project Kuiper For at least the next couple
of years, Amazon will be playing catch up in the race to deploy its
Low-Earth Orbit (LEO) satellite broadband constellation. Unlike other
competitors making the leap from on paper to on orbit, Amazon’s vast
financial resources provided the company with more time and a longer
runway for its massive 3,236-satellite LEO system to take off. At the
start of the new year, that time is running short.
We are pleased to Welcome the following new member
to the Intelsat
Retirees and Alumni Association: February
2024
Kenneth Sierzega
Intelsat is Awarded
Air Force Connectivity Contract
Posted:
16 February 2024
Deal Covers Experimental Defense Connectivity for
Military Aircraft
MCLEAN, Va. – Intelsat, operator of one of the world’s
largest integrated satellite and terrestrial networks, will develop and
test multi-orbit satellite communications (SATCOM) systems on several
different Air Force aircraft following the award of a new contract from
the U.S. Air Force Research Laboratory.
The deal is part of the Defense Experimentation Using
Commercial Space Internet (DEUCSI) program to address the government’s
need for resilient communications for aircraft, using multi-band,
multi-orbit implementations that can seamlessly be switched between
orbits at a moment’s notice. The contract is for one year and has a
contract value of $9 million.
me, after using C-band proceeds to
pay down its debt. Intelsat emerged from bankruptcy proceedings about 18
months ago, cutting its debt in the process from from approximately $16
billion to $7 billion.
Enhancing FAST Channel Distribution with Satellite
Posted:
16 February 2024
15 February 2024 Mandy Cassells, Principal Product
Manager, Intelsat Media
FAST channels (Free Ad-supported Television) are
booming worldwide and are disrupting traditional video consumption.
According to Kantar, FAST is the quickest-growing streaming option in
the U.S. with 47% of households now utilizing FAST every week.
So, what’s driving FAST adoption? Cost and
accessibility are key drivers. Viewers are being pushed towards free
ad-supported options due to price hikes by many subscription streaming
services. Additionally, the pace of new content creation has slowed.
Intelsat invests in
hiSky
Posted: 10
February 2024
February 9, 2024 By Chris Forrester
hiSky, which provides advanced satellite communication
solutions, has signed an investment and strategic collaboration
agreement with Intelsat. The investment marks a transformative
development in the delivery of reliable, high-throughput satellite
connectivity.
Intelsat’s investment in hiSky underscores hiSky’s
technological prowess and market potential and places Intelsat as
shareholders in the Israel-based company, joining Singapore-based ST
Engineering’s Corporate Venture Capital, UAE-based SDF (Strategic
Development Fund) owned by EDGE Group PJSC, and other current hiSky
shareholders. The size of the investment was not revealed.
.Click
HERE
for
further details from
Advanced Television
Intelsat
SES gets expedited hearing on Intelsat claim
Posted:
6 February 2024
February 5, 2024 By Chris Forrester
Intelsat’s Bankruptcy Court has agreed to hold a
hearing into the SES claim for a larger share of the FCC’s C-band
compensation payment. Judge Phillips will hold the hearing at his
Richmond, Virginia court on April 24th.
In essence, SES is asking for the hearing to resolve
the dilemma of having ‘won’ an appeal against Judge Phillips’ earlier
verdict to deny SES a greater share of the C-band payments.
Click
HERE
for
further details from Advanced Television
Astroscale, Boeing, SES and Intelsat Take Stock of 2023
Posted:
27 January 2024
by Mark Holmes -- January
26, 2024
2023 was a very eventful year in the satellite
industry, and a number of companies made significant announcements as
the industry heads into this unprecedented multi-orbit era. 2024
promises to be as equally as significant as companies look to make good
on bold, ambitious business plans with more competition than ever.
To kick off the new year, Via Satellite reached out to
a number of the industry’s most well-known names to find out how they
viewed the events of 2023. This roundtable features Nobu Okada, CEO of
Astroscale; Michelle Parker, vice president of Boeing Space Mission
Systems; Rui Pinto, CEO of SES,and David Wajsgras, CEO of Intelsat.
Investment in the space sector
bounced back last year, with $12.5 billion raised in 2023, according
to a report Tuesday by New York-based Space Capital.
That was well above last year’s $9.3
billion raised but still below the $15.3 billion brought in during
the record-high space investment of 2021.
Space infrastructure companies have
been resilient through the recent downturn, but Space Capital’s
report also highlighted 2023 as “a year of consolidation,” with 39
M&A deals.
Investment in the space sector bounced back last year,
rebounding closer to the record high of 2021, according to a report
Tuesday by New York-based Space Capital.
“Investment in Infrastructure remained strong,
accounting for 70% of total 2023 investment and notching its second
highest annual record, spurred by countercyclical revenue from
government customers,” Space Capital managing partner Chad Anderson
wrote in the report.
The firm’s fourth-quarter report found that space
infrastructure companies brought in $2.6 billion of private investment
during the period. That brought the sector to $12.5 billion in total
investment for 2023, well above last year’s $9.3 billion raised but
still below the $15.3 billion brought in during 2021.
Intelsat Expects
$2.1B in Revenue This Year, Execs Outline Pivot to Solutions Provider
Posted: 3
December 2023
by Rachel Jewett | December 1, 2023
McLean, VIRGINIA — Intelsat expects to earn $2.1
billion in revenue this year, CEO David Wajsgras said during an investor
day event on Nov. 30, giving a rare look at the company’s finances and
outlining its “strategic reset” from a bandwidth supplier to an
end-to-end solutions provider.
Executives said Thursday that the company is in the
best financial position in a long time, after using C-band proceeds to
pay down its debt. Intelsat emerged from bankruptcy proceedings about 18
months ago, cutting its debt in the process from approximately $16
billion to $7 billion.
Intelsat wins IFC on Aerolineas
Argentinas
Posted:
23 November 2023
by Mark Holmes --November 21, 2023
Intelsat has made a breakthrough in the in-flight
connectivity (IFC) market in Latin America. It announced Nov. 20 that
Aerolíneas Argentinas has tapped Intelsat to provide multi-orbit
in-flight connectivity services on 18 Airbus A330 and Boeing 737 MAX
aircraft.
The airline will become the first in Latin America to
offer service using Intelsat’s new electronically steered antenna (ESA).
It is less than 7 centimeters tall and interoperates on both Intelsat’s
family of Geostationary (GEO) satellites and its partner’s constellation
of Low-Earth Orbit (LEO)
Click
HERE
for
further details from
Advanced Television
Intelsat
Responds to SES's "bombastic brief"
Posted: 16 November 2023
November 15, 2023
| By Chris Forrester
SES might have received the FCC’s $3 billion (€2.76bn)
in compensation for handing over its C-band satellite frequencies in
October 2023. But the long-running arguments over how the FCC’s overall
compensation was allocated continue to resonate between SES and
Intelsat.
Lawyers for SES filed their argument to Intelsat’s
bankruptcy court on September 28th seeking about $421 million in extra
payment from Intelsat and as part of a 50/50 agreement between SES and
Intelsat. Their argument has the support of a successful appeal in front
of the District Court.
ClickHEREfor
further details from
Advanced Television
UK
pushing to combine OneWeb Gen 2 and European sovereign constellation
efforts
Posted: 4
November 2023
by Jason | November 3, 2023
TAMPA, Fla. — The U.K.’s space minister hopes to
convince Europe to use OneWeb’s proposed second-generation satellites
instead of pursuing a standalone constellation now that the British
operator has merged with Eutelsat of France.
Europe’s plans for a global sovereign connectivity
network by 2027 could take the form of hosted payloads on the upgraded
low Earth orbit (LEO) satellites Eutelsat aims to deploy around the same
time, George Freeman told SpaceNews in an interview.
Combining efforts would save costs during tough
economic conditions while also reducing the mass of objects in space.
SES
and Boeing in a mess over O3b
Posted: 2
November 2023
November 1, 2023
The latest batch of O3b satellites, called mPOWER, are
all malfunctioning. The problem is in the power supply of the four in
orbit and two others due to be launched on November 12th. Manufacturers
Boeing is having to supply two additional satellites to compensate SES
for the problems.
SES temporary CEO, Ruy Pinto, admitted to analysts
that the power problems are worse than originally thought and that the
fleet’s expected orbital lifetime will be significantly shorter than
planned. SES said on October 31st that the existing orbiting satellites
had suffered increasing “non-recoverable” events.
Click
HERE
for
further details from
Advanced Television
SpaceX launches Intelsat's IS-40e high
throughput satellite
Posted:
1 November 2023
by Jason -- 31
October, 2023
TAMPA, Fla. — Electrical issues disclosed a few months
ago on the first four O3b mPower satellites in medium Earth orbit will
significantly reduce their operational life and broadband capacity,
their operator SES announced Oct. 31.
SES interim CEO Ruy Pinto said getting the performance
originally expected from the next-generation MEO constellation will
require Boeing to build two more O3b mPower satellites than initially
planned, alongside upgrades on five others already in the works.
Two upcoming O3b mPower satellites set to launch in a
few weeks will not have these upgrades to enable SES to start initial
services no earlier than April.
SES and Boeing to Share Risk and CapEx on
2 Additional mPOWER Satellites
Posted:
1 November 2023
by Rachel Jewett | 31 October,
2023
SES is pushing back the start of commercial service
for its O3b mPOWER constellation to early in the second quarter of 2024,
as it deals with power module issues on the satellites. To deal with the
impact to the constellation, SES “reshaped” its contract with
manufacturer Boeing to upgrade five of the remaining satellites and add
two new satellites to the constellation.
CEO Ruy Pinto gave an update on the next-generation
Medium-Earth Orbit (MEO) program on Tuesday during SES’s third quarter
2023 call with investors. In August, SES reported “trip offs” on some of
the power modules on board the four satellites on orbit.
Next-Generation Cybersecurity Defenses
Coalesce for Space Systems
Posted:
24 October 2023
by Thom Fain | 23 October,
2023
Experts are optimistic about the future of
cybersecurity as it relates to space, despite growing concern over the
modern threat environment.
It’s no secret that advancements in AI are growing in
parallel with the ambitions of foreign adversaries. Although not limited
to state actors, the most obvious threats to Western cyber
infrastructure are China and Russia – countries with antagonistic
tendencies who happen to be launching inspector satellites into space.
Any number of Cold War analogies can be made in 2023,
a year we saw the Pentagon ask for $3 billion for AI/ML capabilities
while Elon Musk’s Starlink has been integral in the war between Ukraine
and Russia. Regardless of the war’s eventual outcome, cyber
confrontation is likely to continue at scale. However, experts are
optimistic about the future of cybersecurity as it relates to space, in
spite of the growing concern over the modern threat environment.
10 takeClick
HERE
for
further details from
Via Satellite
SES
Wins Space Force Contract, Launches New Media
Posted: 21
October 2023
by Mark Holmes -- October
20, 2023
SES Space & Defense was awarded a a five-year,
Indefinite Delivery Indefinite Quantity (IDIQ) U.S. Space Force contract
for proliferated Low Earth Orbit (pLEO) satellite-based services (SBS)
through the Defense Information Systems Agency’s (DISA) Defense
Information Technology Contracting Organization (DITCO). SES announced
the deal, Oct. 20.
“The pLEO IDIQ is the first multiple award contract to
deliver pLEO COMSATCOM services to the government and military. The
contract structure is part of the U.S. Space Force’s new approach to
acquiring SATCOM. These awards are foundational for COMSATCOM
integration and proliferation into new waveforms and orbits enabling
connectivity and communication at the tactical edge,” David Fields, SES
Space & Defense President and CEO, said in a statement.
.Click
HERE
for
further details from
Advanced Television
SES Appoints
Adel Saleh as CEO
Posted: 14
October 2023
Luxembourg, 13 October 2023 – SES, a leading provider
of global content connectivity solutions, today announced that Adel Al-Saleh
has been hired as the company’s Chief Executive Officer, effective
February 2024.
Since January 2018, Al-Saleh has been CEO at T-Systems
International GmbH, the integrated IT services provider and subsidiary
of telecommunications company Deutsche Telekom AG (DT), and he has
served as a member of the Board of Management at DT throughout this
period. In his time at T-Systems, Al-Saleh led the transition from a
classic information technology and outsourcing business to an integrated
IT services and digital solutions provider while driving growth
initiatives to optimise operations, improve efficiency, increase
customer satisfaction, expand employee engagement and maximise
profitability.
Inflation is already running past next year's Social Security COLA
Posted:
13 October 2023
by Brett Arends
| 12 October, 2023
The latest inflation figures from the United States
government are worrying news for senior citizens -- and I'm not even
talking about 80-year-old Joe Biden, although they threaten his
re-election campaign as well.
Social Security beneficiaries are going to have to
make do with a mere 3.2% cost-of-living-adjustment to their monthly
checks starting January, the program's administrators said Thursday.
SpaceX Aims to Offer Starlink
Direct-to-Cell Text Service in 2024 IoT By 2025
Posted:
12 October 2023
by Rachel Jewett | 11 October,
2023
SpaceX is targeting direct-to-cell service that
enables text messaging with the Starlink constellation in 2024, and
voice and data and IoT service by 2025. SpaceX updated Starlink’s
website with a new page focusing on direct-to-cell service.
SpaceX Chief Engineer Elon Musk previously gave the
target that Starlink would enter beta service for direct-to-cell with
T-Mobile in late 2023. Starlink announced the deal with T-Mobile last
year, pitching the service as a way to close gaps in cellular networks
in rural and remote areas and allow T-Mobile customers to send messages
via Starlink satellites.
Starlink has signed a number of other global cellular
providers as partners — Rogers in Canada, Optus in Australia, One NZ in
New Zealand, KDDI in Japan, and Salt in Switzerland.
Matt Frumin: A
Unique Moment for an Extraordinary Opportunity
Posted:
11 October
2023
By Matt Frumin | October 10, 2023
The former Intelsat headquarters, located at 4000
Connecticut Ave. NW, just one block from a Metrorail stop, offers a rare
opportunity for the District to acquire a massive property that can
serve all Washingtonians.
The 660,000-square-foot building, which most recently
housed the international independent Whittle School, is currently on the
market. It is sited on a lot with up to 45,000 square feet of
developable land, not including the lovely park along Connecticut Avenue
that should be preserved.
Significant portions of the building are turn-key and
ready for myriad uses, especially educational programs for all ages. The
site is one of the few of its size ripe for development in our city, and
it would be a travesty not to seize upon this unique opportunity.
Eutelsat, OneWeb
complete merger
Posted:
28 September 2023
September 28, 2023 | By Chris Forrester
Eutelsat Communications has announced the completion
of its all-share combination with OneWeb, the global low Earth orbit
(LEO) satellite communications network, following the approval at the
Ordinary and Extraordinary General Meeting of Eutelsat shareholders in
Paris. The combination forms Eutelsat Group.
The company remains headquartered in Paris. OneWeb
will be a subsidiary operating commercially as Eutelsat OneWeb with its
centre of operations remaining in London. The Company remains listed on
the Euronext Paris Stock Exchange and has applied for standard listing
on the London Stock Exchange.
Click
HERE
for
further details from
Advanced Television
10 Takeaways from World Satellite Business Week 2023
Posted:
28 September 2023
by Rachel Jewett | 26 September, 2023
The Westin Vendôme in Paris was packed in
mid-September with a completely sold out World Satellite Business Week (WSBW).
As the industry is expanding, the show is growing and buzzing with
energy. While there wasn’t any show-stopping news during the week, WSBW
was a good opportunity to gauge the pulse on the industry more than
halfway through the year. Via Satellite shares its 10 takeaways from the
conference.
Starlink Dominates the Connectivity Conversation All
of the satellite operators, whether traditional Geostationary Orbit
(GEO) or new constellations are trying to position their businesses to
stack up against Starlink, which just passed 2 million subscribers.
Discussion of SpaceX’s broadband constellation dominated panels on
everything from connectivity, regional operators, and ground technology.
Everyone is pursuing a differentiation strategy, whether it’s a focus on
a particular market, technology, or specific business model. While a few
years ago major operators were taking shots at the feasibility of such a
constellation, now they are openly admiring how Starlink disrupted the
market and insisting there’s plenty of demand to go around.
The Future of Smart
Phones with Satellite Direct-to-Handset
Posted:
27 September 2023
by Ivan Suarez | 26 September, 2023
There is a sense of safety that comes with being
connected, a contemporary feeling that surpasses cultures and
identities. Losing access to data, voice or messaging services deters
users around the world from exploring unique places and fulfilling their
dreams as that important sense of security vanishes. Satellite
connectivity has for decades allowed privileged users to remain
connected – and safer – thanks to orbital systems that made their world
smaller with specialist devices operating under mobile satellite
services (MSS).
In 2022, the telecommunications sector made history by
bridging the previously thought impossible link between cell phones and
satellite networks, what we refer to as “direct-to-handset” (DTH)
connectivity. It took the alignment of a mature non-Geostationary (NGSO)
system, advanced nanotechnology, as well as active cooperation between a
smartphone manufacturer and a satellite operator to make DTH a reality,
because the network and commercial hurdles were too complex to solve
without economic incentives.
How Two SATCOM
companies are responding to Starlink's dominance
Posted:
15 September 2023
By Courtney Albon | September 15, 2023
LONDON — With SpaceX’s Starlink constellation
dominating the space-based communications market, longstanding satellite
operators are positioning themselves to compete with the
billionaire-owned company — particularly when it comes to military and
government services.
SpaceX, with its 5,000-satellite Starlink fleet, has a
hedge on the satellite communication market, but executives at
U.K.-based OneWeb and Luxembourg-based Intelsat told C4ISRNET this week
during the DSEI conference here they see opportunities to join the
behemoth in meeting increasing connectivity demands.
SES vs Intelsat
C-band payments: Court dates set
Posted:
15 September 2023
September 14, 2023
The long-running legal action from SES arguing for a
greater share of the FCC’s C-band compensation payments, and which
demands Intelsat honour its 50/50 agreement with SES, has now set some
key dates for the action.
SES has already received a positive Appeal verdict
from the US District Court and now the lower Bankruptcy Court must
accommodate that verdict.
Click
HEREfor
further details from Advanced Television
LEO Operators Pitch
the Orbit's Value for IFC at Connected Aviation Event
Posted:
14 September 2023
by David Hodes
| September 13, 2023
DENVER, COLORADO — Satellite operators building
constellations in Low-Earth Orbit (LEO) are targeting in-flight
connectivity as a critical market for their businesses. Executives made
bold projections for how airlines will adopt LEO at the Connected
Aviation Intelligence Summit, in Denver, Colorado, on Sept. 7.
Jason Sperry, head of Business Aviation for OneWeb,
projects that the aviation and airline community will “absolutely”
achieve a majority of traffic over LEO by 2030, estimating 50% or more.
Ronald van der Breggen, chief commercial officer at
Rivada Space Networks, agreed on LEO’s significance, but put the traffic
figure at more than 70%. “It’s all about the user,” he said. “It’s not
about what the airlines want, or the capabilities of the satellite
companies. It’s about the end user.”
Click
HEREfor
further details from Avionics International
SES
Teams Up with Starlink to Package Connectivity for the Cruise Segment
Posted:
14 September 2023
by Mark Holmes,
Rachel Jewett
| September 13, 2023
SES is bringing a new multi-orbit hybrid connectivity
solution to the cruise industry, integrating SpaceX‘s Starlink
connectivity into its offering for cruise companies. The joint offering
announced Wednesday is SES Cruise mPOWERED + Starlink. The solution will
be available in the fourth quarter of this year.
The product will be integrated, sold, and delivered by
SES. The operator pitched it as combining the best of Medium-Earth Orbit
(MEO) and Low-Earth Orbit (LEO) for high-speed and secure cruise
connectivity. The solution is available in either a Premium tier at
3Gbps per ship, or the Pro tier at 1.5 Gbp per ship.
Intelsat, Aalyria Sign Deal to Advance Multi-Orbit Connectivity
Posted:
13 September 2023
September 12, 2023
MCLEAN, Va. – Intelsat, operator of one of the world’s
largest integrated satellite and terrestrial networks and leading
provider of inflight connectivity (IFC), today signed a Memorandum of
Understanding (MoU) with Livermore, California-based Aalyria, the
advanced software-defined and optical networking communications pioneer,
that includes financial commitments to advance the development of a new
optical technology that will transfer record amounts of data between
ground and space.
“Aalyria’s groundbreaking technologies give us the
opportunity to pursue highly-secure connectivity at unprecedented
speeds, opening up new frontiers in satellite communications,” said
Bruno Fromont, Intelsat Chief Technology Officer. “The Intelsat-Aalyria
collaboration will enable enhanced mobile broadband connections and
represents another step forward towards our Next Generation Unifying
Network vision enabled by software-defined networking, 5G and
multi-orbit operations.”
Intelsat
wins Air Canada IFC
Posted: 8
September 2023
Long-te
rm
relationship between satellite connectivity provider and Canada’s
leading airline expands to include 100 additional aircraft equipped for
Wi-Fi with craft using new antenna
by Joe
O'Halloran | Published 7 September 2023 16:15
The reach of satellite-based data
services is rapidly expanding to more places on Earth and in the sky as
airline passengers come to expect in-flight connectivity as a standard.
Addressing the needs of its passengers,
Air Canada has turned to Intelsat – one of the world’s leading providers
of in-flight connectivity (IFC) – to provide connectivity systems for
nearly 100 additional aircraft across its fleet, including Intelsat’s
multi-orbit electronically steered array (ESA) antenna.
Air Canada is Canada’s largest airline,
the country’s flag carrier and a founding member of Star Alliance,
claimed to be the world’s most comprehensive air transportation network.
Air Canada provides scheduled service directly to more than 180 airports
in Canada, the US and internationally on six continents.
To further enhance customer experience
through the use of technology, it has partnered with Bell to offer free
messaging for all members of its Aeroplan customer loyalty scheme
worldwide on all Wi-Fi equipped aircraft across Air Canada’s fleet.
Click
HERE
for
further details from Computer Weekly
Intelsat and SES Complete C-Band
Spectrum Clearing
Posted:
15 August
2023
by Rachel Jewett | August 14, 2023
Both Intelsat and SES report they have completed
activities to clear C-band spectrum, paving the way for the two
companies to receive billions of dollars in payments.
This closes out the operators’ work to clear a portion
of the C-band after the FCC reallocated the C-band for wireless use in
2020. Overall, satellite operators received relocation costs and a total
of $9.7 billion to clear the spectrum, while the auction grossed $80.9
billion, setting a record as the highest-grossing FCC auction.
SES confirmed on Aug. 10 that the FCC certified its
C-band clearing including launching five new satellites and repacking
all of its C-band downlink services in the continental United States in
a certain portion of the band.
SES is now eligible to receive its second chunk of
accelerated relocation payment, totaling $2.99 billion, before tax
estimated at about 18% to 19%. SES expects this payment to be made in
the fourth quarter of this year.
Intelsat
Galaxy 37/Horizons-4 Satellite Successfully Launched
Posted:
4 August 2023
MCLEAN, Va. – Intelsat, operator of one of the
world’s largest integrated satellite and terrestrial network and leading
provider of inflight connectivity, announced the successful launch of
Galaxy 37/Horizons-4 (G-37/H-4), setting a new record for the commercial
satellite industry by sending eight geostationary satellites into space
within 10 months.
“This launch completes our comprehensive Galaxy fleet
refresh plan started about 10 months ago,” said Dave Wajsgras, CEO at
Intelsat. “This milestone is now a part of the 40-year Galaxy legacy –
satellites our North American customers have relied on for decades. It
also marks the 20-year anniversary of our JSAT partnership. This joint
venture has allowed both companies to serve more customers in more
places throughout the world.”
District Court
"Sides With SES Over Intelsat in C-Band Claims
Posted:
27 June 2023
By Rachel Jewett | June 26, 2023
A judge has sided with SES in an ongoing dispute over
$421 million of Intelsat’s C-band proceeds, ruling that the previous
bankruptcy court erred in siding with Intelsat. The June 22 opinion was
released just after Intelsat pulled out of potential merger talks with
SES.
Senior U.S. District Judge Robert Payne’s opinion says
the bankruptcy court’s decision will be reversed, and sent the case back
to bankruptcy court. The case was in the U.S. District Court for the
Eastern District of Virginia, Richmond division, case No. 3:22-cv-668.
“The judgment of the bankruptcy court will be reversed and this matter
will be remanded to the bankruptcy court for further proceedings
consistent with this opinion,” Judge Payne said in the opinion, accessed
via Pacer.
Intelsat and SES
$10bn merger talks scrapped
Posted:
23 June 2023
by Jack Haddon June
22, 2023 03:41 PM
Satellite companies proposed deal will not be taking
place after three months of official talks Consolidation in the
satellite industry is expected to significantly increase in the coming
years, as legacy operators struggle to meet the scale of the disruptive
forces of SpaceX and Amazon.
One such merger that was touted between
Luxembourg-based SES and US firm Intelsat, however, will not be taking
place.
Rumours had been swirling that the two companies would
be merging for a while, with the two companies confirming talks had
begun in March.
Sources from SES told Bloomberg on Wednesday that
Intelsat had walked away from the deal and a short statement was posted
to SES’s website today.
“SES announces today that discussions regarding a
possible combination with Intelsat have ceased. On 29 March 2023, SES
had confirmed that the company engaged in discussions with Intelsat and
that there could be no certainty that a transaction would materialise,”
it read.
.ClickHERE
for
further details from
Capacity
Media
SES CEO Steve
Collar announces sudden resignation
Posted:
13 June
2023
by Jason --June
12, 2023
TAMPA, Fla. — Steve Collar announced plans June 12 to
step down as SES CEO at the end of the month after more than 20 years
with the multi-orbit satellite operator.
SES chief technology officer Ruy Pinto, a former chief
operating officer at Inmarsat who joined SES in 2017, is taking the
company’s reins until it can find a permanent successor.
Luxembourg-based SES said in a news release that
Collar is leaving to pursue other professional and personal endeavors —
without elaborating.
Despite his sudden departure, SES vice president of
external communications Suzanne Ong said Collar plans to remain fully
available to the company beyond June 30 to support a smooth transition.
Intelsat:
'Insider trading' appeal lodged
Posted: 31
May 2023
May 30,
2023
T
he Intelsat Class Action
into alleged insider trading, which had earlier been dismissed by a
District Court judge on April 26th, has seen an appeal lodged.
The case revolves around alleged insider trading over
the sale of Intelsat shares by certain shareholders including the then
chairman Dave McGlade. The sale allegedly took place ahead of the FCC
deciding to itself auction off C-band frequencies. Prior to the FCC
decision it had been expected that members of the Alliance (notably
Intelsat and SES) would themselves sell off their frequencies.
The new appeal argues against the dismissal of the
case made by Judge Jeffrey White. The appeal is lodged with the US Court
of Appeals for the 9th Circuit. The confidential witnesses in the case,
who gave evidence in favour of the Plaintiffs, did not add enough
relevant detail to support the Class Action, said Judge White in his
ruling.
ClickHEREfor
further details from
Advanced Television
Welcome New
Member
Posted:22
May 2023
We are pleased to Welcome the following new member
to the Intelsat
Retirees and Alumni Association:
March
2023
Andrew Lee
Connecting the Dots | SES-Intelsat merger
would face uphill regulatory struggle
Posted: 27 April
2023
by Jason --April
25, 2023
Plenty of
operational synergies await SES and Intelsat if the world’s largest
fixed satellite service (FSS) providers can craft a merger able to clear
regulatory scrutiny.
Following years of industry speculation, SES confirmed
it was in early talks about combining with Intelsat on March 29, shortly
after Bloomberg reported a deal could be just weeks away.
A merger would bring together more than 70 satellites
SES has across geostationary and medium Earth orbit with Intelsat’s more
than 50 geostationary satellites, forming a company exceeding $4 billion
in annual revenues.
Pooling resources would help them rationalize their
fleets as capacity prices come under pressure from a flood of satellites
coming to orbit.
High throughput satellites supplied around 2.7
terabits per second (Tbps) of capacity across geostationary and
non-geostationary orbit (NGSO) in 2021, according to Northern Sky
Research. This jumped to nearly 21 Tbps in 2022 and is on track to more
than double to around 43 terabits next year.
Intelsat
'Class Action' judge ready to decide
Posted: 21
April 2023
April 20, 2023
| Advanced Television
Intelsat’s long-running Class Action lawsuit against
key shareholders alleging insider trading will be decided by a judge on
the basis of documents and motions already filed to the court.
The judge in the case has cancelled a planned full
court hearing (which called for a jury trial) and dismissed some of the
motions in the case. The hearing was due on April 28th.
.Click
HERE
for
further details from
Advanced Television
Intelsat orders another space tug rescue
Posted:
14 April 2023
April 14, 2023 | By Chris Forrester
Intelsat has ordered a Mission Extension Pod (MEP)
from Northrop Grumman’s SpaceLogistics, which will add life to an
Intelsat satellite and provide uninterrupted services to many customers.
The MEP jet pack often referred to as a ‘space tug’
will be installed by SpaceLogistics’ mission robotic vehicle (MRV) on an
Intelsat satellite operating in geosynchronous orbit, ensuring
continuity of satellite service for at least six years beginning in
2026. Intelsat has not identified which satellite will be serviced. Both
MEP and MRV have completed critical design reviews, are in assembly and
testing, and are proceeding toward launch.
Click
HERE
for
further details from
Advanced Television
SpaceX launches Intelsat's IS-40e high
throughput satellite
Posted: 8
April 2023
by Jason -- 7
April, 2023
TAMPA, Fla. — SpaceX successfully launched Intelsat’s
IS-40e communications satellite April 7, which will help the operator
meet growing demand for connectivity on planes while also carrying its
first hosted payload for NASA.
The satellite deployed solar arrays and is receiving
and sending signals in geosynchronous transfer orbit following its 12:30
a.m. Eastern launch, its manufacturer Maxar Technologies confirmed.
The first stage booster of the Falcon 9 rocket that
lifted IS-40e off from Cape Canaveral Space Force Station, Florida, also
successfully landed on a drone ship for later reuse.
It will take three weeks for the satellite to use
onboard chemical propulsion to reach its final orbital slot at 91
degrees West over North America, Jean-Luc Froeliger, Intelsat’s senior
vice president of space systems, told SpaceNews in an interview.
Intelsat
[Class] Action: "Core deficiencies remain"
Posted: 4
April 2023
April 3, 2023
| Advanced Television
The
long-running Class Action against alleged Intelsat inside traders has
seen a rebuttal submitted by the Defendants. They argue that the
Plaintiffs have failed to make their case and has not made any plausible
facts demonstrating that Intelsat obtained any material non-public
information prior to the Defendants [sale of shares]. The rebuttal calls
for the court to dismiss the Action.
The events
that lead up to the claim state that on the morning of November 5th
2019, a meeting took place with Intelsat’s CEO Steve Spengler at the FCC
to discuss Intelsat’s (and SES) C-band proposal for a private auction of
some of the satellite company’s C-band assets over the US.
Click
HERE
for
further details from
Advanced Television
Market reacts to
SES, Intelsat rumours
Posted:
1 April
2023
by Chris Forrester - March 31,
2023
The potential link between the world’s two largest
satellite operators, SES and Intelsat, is intriguing the market. The
news – at this stage more rumour than hard fact – follows on from a slew
of similar mergers/acquisitions in the sector including Viasat’s
upcoming purchase of Inmarsat, Eutelsat’s merger with OneWeb, and plenty
of smaller satellite-based deals over the recent years.
The hard facts are that any agreement between the two
rivals would position them in a better place to compete with new
entrants such as Starlink and the proposed Jeff Bezos-backed Project
Kuiper.
Bloomberg, in its report on the rumours, states that
SES and Intelsat are in “advanced negotiations” and aiming to reach an
agreement in the next few weeks. A satisfactory conclusion could value
the combined business at more than $10 billion including some debt.
Click
HERE
for
further details from
Advanced Television
Intelsat and SES
are on a $10B collision course
Posted:
30
March 2023
IAIN MORRIS, March 30, 2023
An extra-terrestrial landing on planet Earth and hearing all the Musk
and Bezos babble about satellites could be forgiven for thinking they
were a new discovery for Earthlings. Yet Intelsat and SES have a
combined age of 96 and had equipment floating around in space long
before most people had phones in their pockets. Under attack from a
swarm of new satellites, including the constellations of the Tesla and
Amazon billionaires, these antiquities of the industry are now joining
forces in a deal valued at US$10 billion, according to a Bloomberg
story.
Intelsat buys
capacity on Hispasat's Anmazonas Nexus satellite
Posted:
18
March 2023
by Jason -- March
17, 2023
TAMPA, Fla. — Intelsat has acquired a “significant
amount” of capacity from the recently launched Amazonas Nexus satellite
to meet demand for connectivity over the Americas, an executive for the
company told SpaceNews.
Gerry Collins, Intelsat’s director of product
management and networks, said the company is leasing the satellite’s
high-throughput Ku-band capacity from Spanish operator Hispasat for
customers across the United States, Brazil, and North Atlantic Ocean.
“We don’t discuss specific terms of our contracts, but
we are calling the satellite Intelsat 46 (IS-46), which means we are
making a long-term commitment [for] our customers,” he said.
SES vs Intelsat:
Appeal hearing March 20
Posted: 17
March 2023
by Chris Forrester -- March
16, 2023
The extremely
long-running C-band legal action between the world’s two largest
satellite operators, SES and Intelsat, is due in court next Monday,
March 20th.
SES is arguing
that it is entitled to a 50 per cent share of the FCC’s compensation
payments for the pair’s certain satellite C-band frequencies which the
FCC subsequently auctioned off to telcos for 5G usage. Specifically, SES
is arguing for a greater slice of the FCC’s Accelerated Relocation
Payment.
ClickHERE
for
further details from
Advanced Television
Intelsat to
Operate Air Pollution Monitoring Space Instrument
Posted:
15 March 2023
NASA and
Smithsonian Astrophysical Observatory are innovating to improve air
quality in North America
MCLEAN, Va --(BUSINESSWIRE) -- Intelsat, operator of one of the world’s
largest integrated satellite and terrestrial networks and leading
provider of inflight connectivity (IFC), completed testing of the
operational and data collection system for the first space-based
instrument to monitor major air pollutants across the North American
continent every daylight hour at high resolution. The new UV-visible
spectrometer, operated by Intelsat for NASA and the Smithsonian
Astrophysical Observatory, will be hosted on the Intelsat 40e (IS-40e)
satellite set for launch next month..
Known as TEMPO (Tropospheric Emissions: Monitoring of Pollution), the
mission of the instrument is to create a revolutionary new dataset of
atmospheric chemistry measurements from space. TEMPO data will play an
important role in scientific studies of phenomena such as rush-hour
pollution and the movement of emissions from forest fires and volcanoes.
Scientists could eventually apply TEMPO observations to air quality
alerts for people in pollution hot spots and those living with health
issues.
Eutelsat and
Intelsat Sign Multi-Orbit Contract Enhancing Connectivity with OneWeb
Services
Posted:
10 March 2023
9 March 2023
Eutelsat
Communications (Euronext: ETL) has signed a multi-orbit agreement with
Intelsat to enhance connectivity solutions over Europe, the Middle East,
and the Pacific, including OneWeb services.
Under this new
seven-year multi-million-euro capacity agreement with a progressive
roll-out of assets over 2023, leveraging Eutelsat’s High-throughput
satellites (HTS) in the Ku-band including the recently launched EUTELSAT
10B satellite and OneWeb’s constellation, Intelsat will be able to offer
connectivity solutions for air, land and sea.
This deal cements
a proposed deal previously announced on the EUTELSAT 10B satellite in
October 2019 between Eutelsat and Gogo Commercial Aviation, acquired by
Intelsat in 2020. The new capacity agreement adds OneWeb’s LEO
(low-Earth orbit) solution to a larger portion of Eutelsat’s HTS GEO
(geostationary orbit) assets (EUTELSAT 172B, the coming EUTELSAT 10B,
and the future Flexsat), creating a unique hybrid offer that provides
Intelsat with enhanced connectivity capacities.
“Any
reasonable person – and juror – would believe that there was insider
trading” states a motion from lawyers for the Class Action against some
Intelsat shareholders and the company chairman, Dave McGlade, provided
their detailed claim for the Northern District of California Court.
Their action is due to be heard on April 28th.
The Action argues that the defendants in the case sold
shares worth $246 million and thus avoid $185 million in losses but
“innocent investors were left [with nothing]”. The Action states each of
the named defendants “owed a fiduciary duty to Intelsat shareholders.”
Intelsat to keep headcount on par with growth
Posted:
1 March 2023
by
Simnikiwe Mzekandaba
-
Johannesburg, 13 Feb 2023
Multinational satellite services provider Intelsat is bullish about its
future growth prospects and the staff complement needed to support this
growth.
This is despite macro-economic conditions that have forced a number of
global tech companies to scale down their employee headcount in recent
weeks.
In an interview with ITWeb, Rhys Morgan, regional vice-president, EMEA
media and networks sales at Intelsat, says the company is pretty lean in
terms of personnel.
According to Morgan, Intelsat recently increased its number of
employees, following the acquisition of a commercial aviation business
that brought a “good number” of people into the fold.
“We’ve invested in terms of more people, and supporting key areas,” he
states. “We’re still a small company in terms of overall headcount. Our
view of business is that we see growth and where see growth, we need
people to support that growth.”
The electronically steered array (ESA) antenna is the
only commercially available product in the aviation industry capable of
operations with LEO and GEO satellites
MCLEAN, Va. – Intelsat, operator of one of the world’s
largest integrated satellite and terrestrial networks and leading
provider of inflight connectivity (IFC), today announced the successful
completion of inflight testing of its new electronically steered array (ESA)
antenna. This antenna enables global streaming-fast Wi-Fi service and is
available to airlines around the world.
Intelsat’s ESA is the only commercially available
antenna in the aviation industry that can operate between low Earth
orbit satellites and geostationary satellites. Announced in June 2022,
the new antenna has been accumulating flight hours with Ball, Stellar
Blu Solutions, Intelsat and OneWeb engineers validating antenna and
network performance.
We are pleased to Welcome the following new member
to the Intelsat
Retirees and Alumni Association:
February
2023
Wolfgang Wagner
SES, Intelsat,
Babcock win UK Skynet contract
Posted: 17 February 2023
by Chris Forrester -- February
16, 2023
A consortium of businesses have secured the UK’s
satellite Skynet military satellite communications system. SES and
Intelsat have linked with Babcock Integrated Technology to win the
management transition contract which covers the next 6 years of usage.
The contract is valued at £400 million (€450.4m) and
will lead to around 400+ new jobs in the UK.
Click
HERE
for
further details from
Advanced Television
SES, Intelsat
expenses action suspended
Posted:
7 February 2023
By Chris Forrester - 6 February
2023
SES has had a legal action
running against Intelsat which asks for Intelsat to pay what SES alleged
was Intelsat's 50 per cent of the costs of running the C-Band Alliance.
The action is paused while the larger legal action against Intelsat and
where SES is suing for a 50/50 division of the FCC's Accelerated
Relocation Payments. That action will be head in the next few weeks.
The C-band Alliance was formed
to plan an auction of SES and Intelsat's C-band frequencies. However,
the FCC came in with its own auction of the spectrum.
SES vs Intelsat
back in court
Posted: 1
February 2023
by Chris Forrester -- January
31, 2023
The long-running
legal action between SES and Intelsat is back in court on January 31st.
The hearing is focused on the SES claim that Intelsat pay what SES says
is its share of the costs associated with the C- band Alliance (CBA).
The CBA failed in
its plan to create a private auction of C-band satellite frequencies for
associated use for terrestrial 5G use. Instead the FCC handled the
auction of the satellite frequencies.
Click
HERE
for
further details from
Advanced Television
Intelsat Class
Action gathers pace
Posted: 27
January 2023
by Chris Forrester -- January
26, 2023
The long-running Class Action inside
trading allegations brought by some investors in Intelsat is coming to a
head. The action centres on allegations that Dave McGlade, then
chairman of Intelsat, in 20189, together with some major Intelsat stock
holders, sold significant portions of their holdings following a
specifric meeting between Intelsat and key officials the FCC where news
emerged that the Intelsat and SES C-band prviate auction scheme would
not be permitted by the FCC.
Back on Nov ember 4th 2022, the judge
hearing the Class Action dismissed the Plaintiffs' (Wlleye Opportunities
Master Fund, on behalf of its Class Action associates) move but allowed
them to resubmit their claim with extra detais.
Click
HERE
for
further details from
Advanced Television
Intelsat left
SES "on the hook" for C-band costs
Posted:
21 January 2023
January 20, 2023
SES has filed its response to
Intelsat's bankruptcy court, arguing that when the two parties signed
the 2018 [C-band] Consottium Agreement SES and Intelsat not only agreed
to share equally in any proceeds resulting from clearing the C-Band, but
they also agreed to share equally in expenses incurred in connection
with their efforts -- whether or not the parties realised any proceeds
from the C-Band clearing.
SES's response says that when
Intelsat repudiated the Consortium Agreement, Intelsat did not comply
with its expense reimbursement obligations, leaving SES on the hook for
tens of millions of dollars in expenses incurred on behalf of the C-Band
Alliance. The claim is for $11.6 million.
Intelsat is
making a concerted commitment to enhancing day-to-day network quality
and helping African communications service providers (CSPs) deliver
secure and affordable connectivity across the continent.
“Satellite
communications providers (CSPs) have historically rushed to the rescue
in the aftermath of a natural or manmade calamity that rendered a local
terrestrial network unavailable. Today, Intelsat is making a concerted
commitment to enhancing day-to-day network quality and helping African
CSPs deliver secure and affordable connectivity across the continent,”
said Intelsat’s Director of Sales, Africa Hans Geldenhuys in a blog
post.
Intelsat has won a contract to supply Japan Airlines
with its satellite broadband ‘direct-to-seat’ connectivity to J-Air’s
Embraer E-190 aircraft.
Japan Airlines has installed Intelsat’s 2Ku system on
the first of J-Air’s E190 aircraft and will be installing 13 additional
aircraft by autumn 2024. The airline has been offering free wireless
entertainment services since 2016. By adding 2Ku, this will make J-AIR
the first regional aircraft in Japan to offer inflight entertainment and
connectivity (IFEC) services, as well as the first E190 aircraft
equipped globally with the Intelsat 2Ku system.
A slew of legal documents were submitted to
Intelsat’s Chapter 11 post-bankruptcy reorganisation on December
28th by lawyers for Intelsat.
In essence, the filings represent the Final Report
on Intelsat’s post-bankruptcy proceedings and an application to
close certain outstanding matters.
One particular argument is over $12 million of
expense and cost claims (“Bill of Costs”) made by SES in relation to
its litigation – which is still running – over the 50/50 division of
the FCC’s C-band incentive payments.
This batch of documents – the core filing runs to
159 pages – are all part of the wrapping up of Intelsat’s
post-bankruptcy actions following on from Intelsat’s exiting of
bankruptcy back in February 2022.
The US Bankruptcy Court at Richmond, Virginia,
issued a formal notification of these final hearings back in October
2022. The motion to disallow the SES claim is set to be heard on
January 31st.
Lawyers for Intelsat are arguing that “SES cannot
succeed on these Expense Claims under any theory [and that] SES in
fact owes Intelsat multiple millions of dollars.”
Any objections to the application must be filed by
January 24th.
Click
HERE
for
further details from
Advanced Television
Powerful Ariane 5 rocket launches 3
satellites to orbit
Posted: 16 December 2022
A powerful European rocket sent three satellites to Earth
orbit on Tuesday (Dec. 13).
An Ariane rocket lifted off from Europe's Spaceport in
French Guiana on Tuesday at 3:30 p.m. EST *2030 GMT or 5:30 p.m. local
time)
The rocket's star payload was Emetsat's Meteosat Third
Generation (MTG) Imager-1, which will allow for "rapid detection and
forecasting of severe weather events," according to a statement by
Arianespace, the French company that operates the Ariane 5.
The newest generation of these satellites includes two
new instruments, an imager and lightning imager, for higher-quality data
to improve weather forecasting, according to a European Space Agency (ESA)
statement.
The Ariane 5 also boosted the Galaxy 35 and Galaxy35
geosynchronous communications satellites to orbit on behalf of Intelsat,
to replace the company's aging Galaxy 3C and Galaxy 28 satellites,
respectively. (Intelsat has been refreshing its satellite fleet since
2020, and these satellites are the fifth and sixth of the refresh
series.)
A US bipartisan House Energy & Commerce Committee hyas introduced
potential legislation to update the FCC's current satellite licensing
rules. One aspect will be the prohibition of Chinese businesses,
although it is not yet completely clear whether the legislation will
cover satellites where ownership - as distinct to components - includes
Chinese companies. This could affect Eutelsat and its merger with
OneWeb, for example. Eutelsat has a Chinese shareholder.
The legislation also covers Russia, although again further clarity will
be need on operators which are correctly licensed by the ITU and how
that would impact their US services.
Judge Jeffrey White has set some
key dates in the Intelsat 'inside trading' class action allegatgions.
The judge has set the case to be "answered, or a Motion to Dismiss" on
January 19th 2023. Any Opposition filing must be made by March 2nd
with a subsequent response from the Petitiners set with a deadline of
March 30th.
The next Motion to Dismiss
hearing is set for April 28th in Judge White's courtroom.
The complaint was originally
mounted earlier this year but the judge dismissed the Federal Class
Action but permitted the Plaintiffs to re-plead their case with more
detail. The claim has been resubmitted in the US District Court in
the Northern District of California. The Plaintiffs are asking for
a jury trial.
Two major shareholders in the
pre-bankruptcy Intelsat, plus the former chairman, are named again by
Plaintiffs in a Class Action which alleges they took part in selling off
investments in Intelsat help by inside knowledge.
The complaint was originally mounted
earlier in 2022, but the judge in the case dismissed the Federal Class
Action, nevertheless permitting to re-plead their case with more detail.
The claim has been resubmitted to the US District Court in the Northern
District of California. The Plaintiffs are asking for a jury trial.
Click
HERE
for
further details from
Advanced Television
Clearspace announces life extension collaboration with Intelsat
Posted 15 November 2022
The European Space Agency signed an 86 million euro contract with
ClearSpace to de-orbit part of a Vega rocket. Credit: ClearSpace
TAMPA, Fla.
— ClearSpace, the Swiss orbital debris removal startup, said Nov. 14
it is planning a mission to extend the life of an Intelsat satellite
before it runs out of fuel around 2026-2028.
The
four-year-old company’s announcement gave no further details about
its “collaboration” with Intelsat, which marks an expansion for
ClearSpace out of plans to clean up debris in low Earth orbit (LEO)
to servicing geostationary spacecraft.
Intelsat
declined to comment on the specifics of its collaboration with
ClearSpace.
“With this
in-orbit servicing collaboration, besides the economic benefits of
the services, Intelsat is supporting ClearSpace´s work towards an
accessible, resilient and sustainable space economy,” Intelsat chief
technology officer Bruno Fromont said.
ClearSpace
aims to build on core capabilities it is already developing for the
European Space Agency’s ClearSpace-1 program in 2025, the venture’s
first mission, when it aims to use a spacecraft with four
articulated arms to de-orbit part of a Vega rocket.
Separately
in September, the UK Space Agency shortlisted groups led by
ClearSpace and Japan-based in-orbit servicing venture Astroscale for
a mission to remove
two spacecraft from LEO in 2026.
Intelsat is
currently the only satellite operator that has employed commercial
life extension services.
TAMPA, Fla. — SpaceX successfully launched a second pair of C-band
replacement satellites for Intelsat over the weekend on the final flight
of a frequently used Falcon 9 booster.
A Falcon 9 carrying Galaxy 31 and Galaxy 32 lifted off Nov. 12 from Cape
Canaveral, Florida, at 11:06 a.m. Eastern after a four-day delay caused
by Hurricane Nicole.
In what has become a rare occurrence, SpaceX did not attempt to recover
the Falcon 9’s booster for reuse following its 14th mission — which tied
a reuse record for the company.
Using an expendable version of Falcon 9 enabled SpaceX to pack more
propellant into the rocket for sending the Maxar Technologies-built
satellites to a supersynchronous transfer orbit, rather than an orbit
with an apogee below geostationary orbit (GEO).
Jean-Luc Foreliger, Intelsat’s senior vice president of space systems,
said the operator paid a premium for this mission because the satellites
needed an extra boost toward their final GEO destinations.
Intelsat orders
small GEO satellite from 3D
printing specialist
Posted:
8 November 2022
by Jason --November
7, 2022
TAMPA, Fla. — 3D printing specialist Swissto12 said Nov.
7 it has sold its first small satellite to Intelsat for a launch to
geostationary orbit (GEO) in 2025.
Intelsat 45 (IS-45) will be based on Swissto12’s
HummingSat satellite platform, which at about the size of a dishwasher
is one-tenth the size of conventional GEO satellites.
At just one cubic meter in volume, Swissto12 CEO Emile de
Rijk said HummingSats are “at least 3 times cheaper” than larger
telecoms commercial satellites in GEO.
HummingSats will also have the same coverage area as
traditional spacecraft in GEO, de Rijk said via email, although with
less capacity because of their reduced space for transponders and power.
Intelsat 45 will have 12 Ku-band transponders, about a
fourth as many as a classic mid-sized Intelsat satellite.
FCC
plans revamped Space Bureau
Posted:
4 November 2022
by Colin Mann --November
3, 2022
Federal Communications Commission
Chairwoman Jessica Rosenworcel has unveiled a plan to reorganise the
agency better to support the needs of the growing satellite industry,
promote long-term technical capacity at the FCC, and navigate 21st
global communications policy.
Under this plan, Chairwoman Rosenworcel
will work to reorganise the FCC's International Bureau into a new Space
Bureau and a standalone Office of International Affairs. These
changes will help ensure that the FCC's resources are better aligned so
that the agency can continue to fulfill its statutory obligations and
keep pace with the rapidly changing realities of the satellite industry
and global communications policy.
Click
HERE
for
further details from
Advanced Television
SES outlines
Intelsat appeal
Posted:
1 November 2022
by Chris Forrester --October
31, 2022
Lawyers for SES submitted their bundle of
documnts to the Appeal Court on October 28th, following up on their
formal appeal lodged on October 14th with the US District Court for the
Eastern District of Virginia.
In its 'statement of issues' the SES team
will argue that Intelsat's bankruptcy count "erred in holding that the
plain language of the [SES and Intelsat] Consortium Agreement - [which]
mandated a 50/50 split of the [FCC's incentive payments] unambiguously
excluded billions of dollars in incentive payments that the FCC awarded
based on Intelsat's joint work with SES."
Click
HERE
for
further details from
Advanced Television
Inntelsat CEO David Wajsgras:
'Consolidation Makes Sense'
Posted:
25 October 2022
by Mark Holmes --October
24, 2022
At World Satellite Business Week (WSBW) in Paris
recently, there was a lot of chatter about a potential combination of
Intelsat and SES. Rumors swirled, but this has always been an industry
that loves consolidation rumors.
For Intelsat CEO David Wajsgras, who only became the
CEO of Intelsat in early April, there are a number of huge challenges
ahead. He became CEO of Intelsat at a pivotal point in its history. The
2020s are likely to be a decade where we see huge disruption in the
satellite industry, and the role of traditional industry giants such as
Intelsat is open to debate.
What does its future look like? What can or will it do
in Non-Geostationary Orbit (NGSO)? Does it need to be involved in a big
piece of consolidation? How does it stack-up against the
megaconstellations as well as the likes of a combined Inmarsat/Viasat or
Eutelsat/OneWeb? What a time to become the CEO of one of the biggest
operators and be responsible for steering it through this disruptive
decade.
Satellite
operators gear up for Asia's tidal wave of satellite capacity
Posted:
21 October 2022
by Jason Rainbow --October
20, 2022
Terry Bleakley, regional
vice president of Asia Pacific for Intelsat, discussed the industry's
supply and demand expectations Oct. 18 during APSCC 2022. Credit
APSCC Webcast
TAMPA, Fla. -- Satellite operators in
Asia are banking on soaring demand for connecting plane passengers and
other customers on the move to absorb an exponentially increasing supply
of capacity in the region.
More integration between satellite and
mobile network operators will also create new opportunities for putting
this anticipated glut of supply to work, executives said Oct. 18 during
the APSCC 2022 Satellite Conference and Exhibition in Seoul, South.
Korea.
Northern Sky Research expects global
capacity supply to soar from about 39 terabits per second (Tbps) today
to 172 Tbps by 2030.
More than 61 Tbps of this satellite
capacity is on track to cover Asia by 2030, according to Jose Rosario,
research director at Northern Sky Research.
We have lost
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Mildred Coover John Crispin
Lydia Esguerra Fred Foldvary Roy Lee Huffman
Jethro Shedrick
SES to appeal
Intelsat C-band sharing decision
Posted:
18 October 2022
by Jason Rainbow --October
17, 2022
Intelsat plans a
multi-layered strategy post-restructuring to tailor connectivity
services to diverse markets. Credit Intelsat
TAMPA, Fla. -- SES filed plans Oct. 14 to
appeal a court's decision last month that disallowed its bid to equally
split nearly $9 billino of anticipated C-band clearning proceeds with
Interlsat.
SES will ask the U.S. District Court for
the Eastern District of Virginia to review the decision, which the U.S.
Bankruptcy Court for the Eastern District of Virginia made Sept. 30
after more than two years of legal action.
The satellite operator brought a $1.8
billion claim to the bankrupcty court in July 2020, two months after
Intelsat filed for Chaptl get for clearing C-band spectrum for
terrestrial telcos.er 11, over a broken agreement to split proceeds they
would get for clearing C-band spectrum for terrestrial telcos.
SpaceX launched a pair of four-ton Intelsat
communications spacecraft from Cape Canaveral at twilight Saturday
evening, two days later than planned after back-to-back scrubs, on the
third flight of a Falcon 9 rocket this week.
The Falcon 9 rocket lit nine kerosene-fueled Merlin 1D
engines and thundered away from Cape Canaveral Space Force Station at
7:05 p.m. EDT (2305 GMT) Saturday. Thrust vector controls pivoted nine
main engines to steer the 229-foot-tall (70-meter) rocket due east from
pad 40, and the Falcon 9 raced through the speed of sound in less than a
minute.
Click
HERE
for
further details from
Spaceflight Now.
SES
loses Intelsat claim
Posted:
4 October 2022
October 3, 2022 | By Chris Forrester
A Virginia bankruptcy court has ruled
("disallowed") the action by SES against Intelsat for a 50 per cent
share of the FCC's C-band incentive payments. The Court has
allowed SES to appeal the decision it it so wishes.
SES says it is disappointed with the
ruling "it is reviewing with outside counsel its options to appeal,"
says a statement.
Click
HERE
for
further details from
Advanced Television
Intelsat Class
Action could continue
Posted:
30
September 2022
September 28, 2022
By Chris Forrester
On September 28th, we reported that a California judge cleared
Intelsat's pre-bankruptcy major shareholders of a Class Action insider
trading allegations. Our report was accurate, but Judge Jeffrey
White, from the US District Court for the Northern District of
California, left a potential sting in the tail of his ruling.
The judge said that while the Action failed to describe the level of
intention needed for an inside trading claim, the would-be Action
plaintiffs may re-plead their claims and allegations. The court
noted, among other things, that the confidential witnesses do not point
to any communications between CEO Steve Spengler and the Board on
November 5th. The court concluded that plaintiffs failed to
sufficiently allege that the defendants possessed material non-public
information and they they acted with scienter (intent or knowledge of
wrong doing).
A California court cleared
Intelsat's pre-bankruptcy major shareholders of insider trading
allegations on September 27th.
The action started in late 2019
with allegations over violations of the federal securities laws.
The lawsuit alleges that the named defendants violated the Exchange Act
by selling Intelsat shares while they were in possession of material
non-public information, including that Intelsat SA had met with the FCC
on November 5th 2019, to discuss the private sale of certain frequencies
controlled by Intelsat SA for future 5G use (the 'C-Band')
Viasat,
Inmarsat, get UK merger approval
Posted:
18 September 2022
September 16, 2022 | By Chris Forrester
Viasat and
Inmarsat have received the UK government’s approval for their proposed
merger.
The UK’s
Secretary of State for Business, Energy and Industrial Strategy (BEIS)
has announced that the transaction does not pose a risk to the UK’s
national security.
In March 2022,
the companies committed to economic undertakings with BEIS, which
underlined their pledge to strengthen and advance the UK’s National
Space Strategy. The economic undertakings include an expansion in the
number of highly skilled jobs in key areas and a 30 per cent increase in
overall research and development spending in the UK.
Click
HERE
for
further details from
Business Standard.
Intelsat
promises transformation
Posted: 15 September
2022
September 15, 2022 | By Chris Forresterr
Intelsat’s
new CEO David Wajsgras spoke to delegates at the
Euroconsult Paris World Satellite Business Week and said that Intelsat
was looking at transformation on multiple levels.
Intelsat is
now fully emerged from bankruptcy although also surrounded by rumours
that there could be a merger with arch-rival SES.
Wajsgras
joined Intelsat in April. He told delegates: “The way the industry looks
today with the core players may or may not look the same in the next
couple of years. We’re thinking
through at Intelsat what’s the best path forward for us and we’re
considering various types of opportunities that will help support our
growth path. I’m sure I’m not
the only one.”
Steven Serajeddini, a
partner in giant US law firm Kirkland & Ellis, which represented
Intelsat during its Chapter 11 restructuring, has explained to
LevFin Insights how, as debtors’ counsel, they overcame many of the
challenges faced by Intelsat during the process. He said that key to
the settlement was consensus although it took “two hard-fought
years” to get the result.
Admitting that it took “blood,
sweat and tears” to achieve agreement, full consensus only came
about at the 11th hour.
Serajeddini said: “Folks are going to remember [the bankruptcy] for
a long time. Part of it obviously is the size of the matter. It’s
one of the largest filings of the past couple of years, and in
addition to that, it had unique complexity in terms of how it
started, which was a company whose greatest source of value rested
in the hands of how the FCC would approach monetisation of its
C-Band [spectrum].”
Intelsat wins $150m
Alaskan contract
Posted:
15 September 2022
September 9, 2022 | By Chris Forrester
Alaskan
service provider GCI has signed a $150 million contract with Intelsat to
expand telecoms capacity in rural areas of the US state.
GCI is
already very experienced in providing satellite-based services. It has
delivered geosynchronous (GEO) satellite-based connectivity for 35 years
to provide data, video and voice services in the state. The new deal not
only provides GCI with continued access to C-band and Ku-band capacity,
which is already part of GCI’s satellite service portfolio, but it also
provides new access to statewide Ka-band capacity.
Intelsat
says it will supply a multi-satellite solution over a new and enhanced
managed earth station platform and a tri-band (C, Ku and Ka) network
that will cover the entire state of Alaska.
Click
HERE
for
further details from
Advanced Television
Welcome New
Members
Posted:28
August 2022
We are pleased to Welcome the following new members
to the Intelsat
Retirees and Alumni Association:
August
2022
Maria-Marta Andrade
Aissatou Bah
Junie Nathani
Devas Multimedia seizes $87,457 cash in
US in Antrix Corporation dispute
Posted:
18 August 2022
Devas Multimedia has seized USD 87,457.47 cash that
ISRO's commercial arm Antrix Corporation held in the US as it looked to
enforce a USD 1.2 billion compensation it had won over a cancelled
satellite deal, its lawyer said on Wednesday.
Devas Multimedia America Inc had sought seizure of USD
145,000 but the actual recovery was USD 87,457.47 (a little less than Rs
70 lakh). This came after it secured a favourable order from the Eastern
District Court of Virginia, Matthew D McGrill said.
Click
HERE
for
further details from
Business Standard.
Intelsat,
One-Web IFC Deal
Posted: 16 August
2022
August 12, 2022
By Chris Forrester
Intelsat and
OneWeb have signed a “global distribution” partnership, an initiative to
provide a global service for In Flight Communications and broadband to
aircraft.
Intelsat already has
considerable skin in the game because it bought in 2020 the commercial
aviation connectivity business from Gogo for what many have seen as
being a timely ‘bargain’ of $400 million (€388m). Gogo is still very
much active but now concentrates only on business aviation and private
jets.
Satellites maker
SES beats profit estimates, sees upside to market consolidation
Posted: 4 August
2022
The Financial Times reported on Thursday SES was in talks to merge with
its U.S. rival Intelsat SA, signaling consolidation in the rapidly
changing industry.
Reuters August 04, 2022, 13:24 IST
By Dina Kartit and Elena Vardon
Satellite company SES's CEO reiterated on Thursday he saw industry
consolidation as a good thing for the highly competitive market, but
would not comment on merger rumours after the group posted
stronger-than-expected half-year earnings.
Te Financial Times reported on Thursday SES was in talks to merge
with its U.S. rival Intelsat SA, signally consolidation in the
rapidly changing and competitive industry.
"We've talked on this call and on analyst calls about industry
consolidation and how that is...from my perspective at least, a good
thing for the industry, but we obviously don't comment on any market
rumours or speculation," Chief Executive Stevbe Collar told
reporters in an earnings call.
SES and Intelsat
are reportedly in talks about a possible combination, says the
Financial Times.
The two satellite
giants are in active discussions about the structure of any potential
deal, according to three people familiar with the matter, says the FT,
as a wave mergers and acquisitions sweeps aceross the satellite
industry. "Neither wants to be the last one standing," said one
person close to the matter.
Eutelsat and
OneWeb to combine: a leap forward in Satellite Connectivity
Posted:
2 August 2022
PRESS RELEASE -26
JULY 2022 07;01
Eutelsat and
key OneWeb shareholders
[1] sign a Memorandum of Understanding with a view to combining
Eutelsat and OneWeb in an all-share transaction.
Eutelsat
shareholders and OneWeb shareholders
[2] would each hold 50% of the Eutelsat shares.
Compelling
financial profile with:
Potential
for double-digit revenue and EBITDA CAGR over the medium to
longer tyerm;
Eutelsat's strong cash flow generation providing visibility and
funding to support continued expansion into the LEO market
through OneWeb's next generation of satellites;
Over
€1.5bn potential incremental value-creation after tax (net of
implementation costs) stemming from revenue, capex and costsynergies.
Balanced board and governance structure, to include Eutelsat’s
Chairman and its CEO, OneWeb’s Chairman, and a significant number of
independent directors proposed by Eutelsat and OneWeb’s
shareholders, at Extraordinary General Meeting.
Fully backed by a strong set of strategic
shareholders of both entities, including Bpifrance and Fonds
Stratégique de Participations who have undertaken to vote in favour
of the transaction-related resolutions at this EGM, subject to usual
conditions.CMA
CGM, a shareholder of Eutelsat, is also supporting the combination.
Representing a transformational transaction, built on
the strong foundations established in April 2021 with Eutelsat’s
initial investment in OneWeb, this combination creates a global
leader uniquely positioned to capture the Connectivity market with
complementary GEO/LEO[3]offering.
Combined entity strongly positioned to address the fast-growing
global Connectivity market..
The transaction
values OneWeb at $34.4bn implying a value of
€12 per Eutelsat share (including the dividend,
before synergies).
Eutelsat to propose a €0.93 per share dividend with a
scrip option in respect of FY 2021-22 at its upcoming AGM. Such
dividend will not impact the exchange ratio.
Eutelsat will continue to be listed on Euronext Paris
and apply for admission to standard listing on the London Stock
Exchange.
The EU has
firmly ruled out the proposed Eutelsat/OneWeb merger as qualifying as
the likely candidate for the EU's own planned Low Earth Orbiting (LEO)
broadband constellaton.
As reported by
Sami Kassab, satellite analyst at investmnet back Exane/BNPP,
Christopher Grudier, the member of the European Parliament in charge of
the EU's LEO satellite project announced that "a rapprochement of OneWeb
with the Europeransat constellation seems impossible". He claimed
that "the EU cannot accept a UK veto on a secure connectivity
infrastructure". He argued that "the European Union needs to have
full control over its satellites without a risk of hindrance by an
outside actor." Adding "Europe will not compromise on this point".
Grudier is
referring to the golden share the UK Government has in OneWeb, and which
Eutelsat says would remain in place once the 'merger' with OneWeb goes
ahead. The 'golden share' has teh ability to block the sale of
OneWeb capacity to undesired countries.
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Mildred Coover John Crispin
Lydia Esguerra Fred Foldvary Roy Lee Huffman
Jethro Shedrick
Eutelsat+OneWeb: "Disappointing valuation" says bank
Posted:
27 July 2022
Investment bank
Exane/BNPP, in a comprehensive report on the proposed merger between
satellite operator Eutelsat and Low Earth Orbit constellation OneWeb,
says the "increase in interest rates, inflation, the war in Ukraine, [OneWeb]
Gen2 funding requirements all suggest a bit of patience could have
improved the financial outcome for minority shareholders...but the new
EU space policy apparently has precedence".
Analyst Sami
Kassab, author of the report, says the bank believes the timing of this
deal has to be seen first and foremost in the context of the new
European space policy and of the French government's geopolitical
agenda. Nevertheless, he describes the merger as "profoundly
changing the economic model of Eutelsat".
Eutelsat,OneWeb
to merge;Bharti to be single largest shareholder
Posted:
26 July
2022
Eutelsat and OneWeb Ltd are set to combine in an
all-share deal valuing the UK satellite operator at $3.4 bn, a step
toward creating a European champion to rival the likes of Elon Musk's
SpaceX
Topics
Press Trust of India | New Delhi
Last Updated at July 26, 2022 22:04 IST
French satellite operator Eutelsat and key shareholders
of Bharti-backed OneWeb have inked a pact for merger, entailing
all-share transacton, a statement said on Tuesday.
Post closing of the deal, Bharti Group will be the single
largest shareholder of Eutelsat.
The transactionj values OneWeb at USD 3.4 billion (over
Rs 27,000 crore),according to a joint statement.
Eutelsat willo combine its strong fleet of 36
Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648
Low Earth Orbit satellites, of which 428 are currently in orbit.
The announcement has a takeaway from the India market as
well, where OneWeb had received the letter of intent for the GMPCS
(Global Mobile Personal Communication by Satellite) licence from the
Department of Telecom.
Click
HEREfor
further details from
Business Standard.
Welcome New
Member
Posted:18
July 2022
We are pleased to Welcome the following new member
to the Intelsat
Retirees and Alumni Association:
July
2022 Hubert Keel
Bank:
SES/Intelsat merger worthwhile?
Posted:
28 June
2022
Equity analysts at Credit Suisse
have asked a key question in a fresh report and pondering whether a
merger between the world’s two biggest satellites operators, SES and
Intelsat, both based in Luxembourg, would pan out.
Their answer is a simple: you bet it would.
The bank’s report (European
Satellite: Scaling Up) suggests that there would be a 30 per cent uplift
to the overall equity value of the rivals and make complete sense.
Analyst Ben Lyons sums up the benefits saying that the theoretical
proposal could make industrial sense as both the operators have global
reach with more potential synergies, and both are pursuing Medium-Earth
Orbit (MEO) strategies.
A new report from Credit Suisse
explores possibilities for consolidation among the largest companies in
the satellite sector, estimating that in the event that SES and Intelsat merged,
it could provide more than 30% uplift to the equity value. Credit Suisse
shared the report, “European Satellite: Scaling Up” with Via
Satellite.
Ben Lyons, a satellite equity
analyst at Credit Suisse said in the report that an SES/Intelsat merger
“would make economic sense.” He says Credit Suisse believes
theoretically it could make industrial sense to combine SES and
Intelsat, as both have global reach with more potential synergies, and
are pursuing Medium-Earth Orbit (MEO) strategies.
“On our scenario analysis, a
potential combination could generate synergies with an NPV [net present
value] of $2.6 billion and, if SES captures half of those synergies,
that would imply a roughly more than 30% uplift to the equity value. We
believe consolidation for SES is more straightforward economically
speaking as the OneWeb stake
makes consolidation more complex, but not impossible, for Eutelsat,”
he says.
Intelsat looks
to wrap bankruptcy claims
Posted:
20 June 2022
June 17, 2022
Lawyers for
Intelsat's bankruptcy filed a motion to the satellite operator's
bankruptcy court saying that they will b e apply for a 'Final Decree' on
or before June 29th. The doucmnet recognises that there may be
other matteres and claims still outstanding after that date.
Intelsat's Fourth
Chapter 11 Plan of Reorganisation was filed back on December 17th 2021
and subsequently accepted by the court with Intelsat emerging from its
Chapter 11 rteorganisation on Frebruary 23rd 2022.
Intelsat
serving 10,000 vessles
Posted: 10 June 2022
June 10, 2022
By Chris Forrester
Intelsat is now serving more than 10,000 vessels
with its Flexmartime Service.
Intelsat says it has more than 2,000 of its terminals in key martime
markets since November 2021, that includemerchant shipping, fishing,
leisure and offshore energy.
Launched in 2017, FlexMaritime is powered by a globel, multi-layered,
high-throughut satellite (HTS) network capable of deliver high density
bandwidth and extremely high levels of service flexibility and
reliability.
Click
HERE
for
further details from
DEuropean Union
Welcome New
Members
Posted:16
May 2022
We are pleased to Welcome the following new members
to the Intelsat
Retirees and Alumni Association:
May
2022
Angela Maimo Daniel Stefanita
Help Us Find These Members
Posted:
22
April 2022
We have lost
contact with these members below. If you have any information on
how to contact them, please send us an EMail at:
info@myiraa.comm
John Crispin Lydia Esguerra
Roy Lee Huffman
Welcome New
Member
Posted: 6 April 2022
We are pleased to Welcome the following new member
to the Intelsat
Retirees and Alumni Association:
April 2022
Raj Mehta
David Wajsgras to Become Intelsat CEO
Posted:
7 March 2022
McLean, Va. – Intelsat, operator of the world’s
largest integrated satellite and terrestrial network, has tapped David
Wajsgras, as its next chief executive officer (CEO). Effective April 4,
Wajsgras succeeds Stephen Spengler, who announced his planned retirement
in Oct. 2021.
Wajsgras has two decades of experience at the senior
executive management level, providing operational, strategic and
financial leadership in both the commercial and defense industries. He
most recently served as president of the global, $7.5-billion,
advanced-technology Intelligence, Information and Services (IIS)
business at the former Raytheon Company, now part of Raytheon
Technologies (NYSE: RTX). Before joining Raytheon as chief financial
officer, Wajsgras was executive vice president and chief financial
officer at Lear Corporation (NYSE: LEA) and held other key operations
and leadership roles.
“Dave Wajsgras is a results-oriented leader with a
great track record of performance throughout his career,” said Lisa
Hammitt, chairperson of the Intelsat Board of Directors. “He develops
talent and builds teams, thinks and acts strategically, and engages
positively with customers and other stakeholders to the benefit of the
business. Dave is just the right person to lead Intelsat at this
important time.”
Microsoft Does
Private Wireless with Intelsat; updates Azure Cloud for AT&T
Posted:
28 February 2022
By Linda Hardesty
- Feb 28, 2022 01:53pm
Microsoft had a couple of telecom announcements to insert itself into
the conversations this week around MWC 2022 in Barcelona.
Microsoft said it worked with Intelsat to demonstrate a private wireless
netowork.. Intelsat provided its integrated satellite and terrestrial
networks, while Microsoft contributed various Azure technologies. The
demonstration was held at Intelsat’s office in McLean, Virginia. It
established a reference architecture for deploying private LTE and 5G
networks over satellite to enterprise locations around the world.
The demonstration
was held at Intelsat's office in McLean, Virginia. It established
a reference architecture for deploying private LTE and 5G networks over
satellite to enterprise locations around the world.
For the
demonstration, the two companies created a private LTE service using
Azure Private 5G Core deployed on an Azure Stack Edge device.
Connectivity to the internet and Azure services was enabled by
Intelsat's FlexEnterprise, which is the company's satellite-based global
connectivity service.
Intelsat
Collaborates with Microsoft to Demonstrate Private
Cellular Network Using Intelsat's Global Satellite and Ground Network
Posted:
27 February 2022
McLean, Va., and Redmond, Wash. – Intelsat, operator of one of the
world’s largest and most advanced integrated satellite and terrestrial
networks, today announced the successful demonstration of a first of its
kind private cellular network with Microsoft Azure Private Multi-Access
Edge Compute and FlexEnterprise, Intelsat’s satellite-based global
connectivity service.
Held at Intelsat’s office in McLean, VA, the demonstration
successfully establishes a reference architecture for deploying secure,
high-performance private LTE and 5G networks and other cloud services
over satellite networks to enterprise locations virtually anywhere
globally, including those in remote and austere environments.
The demonstration creates a private LTE service using Azure Private
5G Core deployed on an Azure Stack Edge device. Connectivity to the
internet and Azure services is enabled by Intelsat’s FlexEnterprise. Via
the private cellular network, users can access local enterprise
resources via SIM-authenticated connections to the Azure Stack Edge and
access remote resources through the FlexEnterprise connection, the
IntelsatOne global network and Azure. Additionally, the LTE network
powers a Wi-Fi access point and IoT applications. “As enterprises look
to private cellular networks to improve the reach, security, and
quality-of-service over Wi-Fi-only local networks, the ability to
support deployments at any site is crucial to creating a fully connected
organization,” said Jean-Philippe Gillet, SVP Global Sales Media &
Networks, Intelsat. “The applications demonstrated here with Microsoft
highlight the increased automation and standardization of enterprise
data processing services that globally-available private cellular
networks will enable. Support for high-bandwidth, low-latency networks
is central to Intelsat’s vision of an end-to-end ecosystem for a global
software-defined 5G network.”
Intelsat wipes
out 9.5bn debit as it emerges from bankruptcy
Posted:
25 February 2022
Alan Burkitt-Gray February
24, 2022 07:54 AM
Satellite
operator Intelsat has emerged from bankruptcy with its debt cut from
US$16 billion to $7 billion, and with $6.7 billion in new finance.
The move comes 21 months after the company - with a
history that dates back more than 60 years - went into
Chapter 11 protection under US bankruptcy laws.
The biggest new shareholder, with 32.8%, is Pacific
Investment Management Company (Pimco), whose ultimate
parent, according to the Federal Communications
Commission (FCC), is Allianz SE, a Munich financial
services company.
Shares in the
new Intelsat – which is registered in Luxembourg – will
be traded on the over-the-counter (OTC) market.
The new
shareholders have put in place a new board of directors,
chaired by Lisa Hammitt (pictured) and including CEO
Stephen Spengler.
We are pleased to Welcome the following new member
to the Intelsat
Retirees and Alumni Association:
December
2021
Muneo Abe
Notification of
Intention to Acquire Intelsat by Allianz SE
Posted: 7 January 2022
Below found on the European Union
website by a member:
1. On 21 December 2021, the Commission
received notification of a proposed concentration pursuant
to Article 4 and following a referral pursuant to Article 4(5) of
Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:
—
Allianz SE (‘Allianz’, GERMANY),
—
Intelsat Holdings
S.A. (‘Intelsat’, USA)
Allianz acquires
within the meaning of Article 3(1)(b) of the Merger Regulation sole
control of the whole of Intelsat
The concentration
is accomplished by way of purchase of shares.
2.
The business activities of the undertakings concerned are:
—
for Allianz: Allianz
is the ultimate parent of the Allianz group, a global
financial services company active predominantly in relation
to life and non-life insurance and asset management,
—
for Intelsat:
operation of satellite networks, ground networks and
connectivity infrastructure and provision of diversified
communications services to customers such as
telecommunications operators, media companies, and internet
service providers. Intelsat uses its satellites as relay
stations in space for the transmission of voice, video, and
data communications.
Click
HERE
for
further details from
DEuropean Union
Intelsat
Achieves Confirmation of Plan of Reorganization, Final Court
Milestone in Financial Restructuring Process
Posted: 16 December
2021
Fully Consensual Plan Will Reduce Debt by More Than Half and Position
Company for Long-Term Success
Early 2022 Emergence Expected as Company Builds World’s First Global 5G
Satellite-Based, Software-Defined, Unified Network
Commitments Obtained for Nearly $8 Billion in Exit Financing
MCLEAN, VA -- December 16, 2021
-- Intelsat S.A. (OTC: INTEQ) announced today that the U.S.
Bankruptcy Court for the Eastern District of Virginia, Richmond
Division, has approved its Plan of Reorganization, marking the final
Court milestone in the Company's financial restructuring process.
Intelsat is poised to emerge from the process in early 2022 upon receipt
of regulatory approvals, completion of certain corporate actions, and
satisfaction of other customary conditions.
The confirmed Plan will reduce
Intelsat's debt by more than half -- from approximately $16 billion to
$7 billion -- and position the Company for long-term success as it
innovates and brings new services to market. The Plan was
supported by all creditor groups across Intelsat's capital structure
following extensive negotiations and the ultimate consensual resolution
of a multitude of complex issues.
Intelsat formal
hearings commence
Posted: 7 December
2021
Judge Keith L. Phillips opened
the formal hearings into Intelsat’s Chapter 11 exit plan. The process is
scheduled to last about 10 days. Around 216 lawyers and observers
attended the Zoom meeting for sessions which were described as
“complex”.
The court was told that more
than 90 percent of claimants against the various Intelsat entities had
accepted the terms of the exit plan and bankruptcy reconstruction. The
complexity was largely because of the many different Intelsat businesses
as well as those Intelsat entities which traded from Luxembourg.
After almost seven years as CEO and more than 18 years
at Intelsat,
CEO Steve Spengler plans to retire once the company completes Chapter 11
financial restructuring and selects a successor. Intelsat announced the
change Thursday morning, and said Spengler will lead the company until
then.
The Intelsat news came as a surprise before the stock
market opened on Thursday. Its stock closed 36% up on Thursday, and was
up 81.82% after the announcement.
A
senior Intelsat official told Via
Satellite that
they were not aware of Spengler’s retirement plans until the
announcement was made.
This was confirmed by another Intelsat official directly
involved with the company’s strategic planning, who told Via
Satellite, “It was a surprise to me. I think it was for people
above me in the chain of command.”
The strategy official added that Spengler has not made
direct contact with their team. “He sent us an email. Basically [it was]
the same as the press release.”
Click
HERE
for
further details from
Satellite Today
Betting on flexibility: Intelsat's
post-bankruptcy growth strategy
Posted:
18 October 2021
SpaceNews
spoke with Samer Halawi, Intelsat’s executive vice president and
chief commercial officer, to learn more about the satellite giant’s
post-restructuring growth strategy.
Intelsat is devising a transformational business plan for
after it emerges from bankruptcy restructuring later this year,
including a big bet on software-defined satellites and potentially its
own low-Earth-orbit broadband constellation.
The operator, which has been in
Chapter 11 bankruptcy protection for nearly a year and a half, issued a
request for proposals (RFP) at the end of July for 10 satellites that
could be reconfigured in-orbit for changing mission needs.
Intelsat "steals
billions" Claims SES
Posted 13 October 2021
Last week it was an Intelsat motion to its bankruptcy court that accused
SES of being “on a warpath” as far as its allegations over SES claims
concerning how the FCC’s C-band incentive payments were concerned.
SES responded on October 11th with a detailed rebuttal saying it had
proposed “numerous compromises” to Intelsat and asked the bankruptcy
court to permit SES to take four depositions from Intelsat witnesses
“who have personal knowledge highly relevant to SES’s objections”.
Intelsat: "SES
on a Warpath"
Posted
8 October 2021
The long-running
legal dispute between SES and Intelsat over the division of the FCC’s
‘incentive’ payments regarding the C-Band Alliance has provoked another
tough response from Intelsat’s lawyers.
A filing into
Intelsat’s bankruptcy court on October 6 states that “SES has been on a
warpath in this proceeding” and had spent millions of dollars “and
imposing every burden it can think of in an effort to disrupt the
restructuring of its chief competitor”.
We are pleased to Welcome the following new member
to the Intelsat
Retirees and Alumni Association:
September
2021 Ellen Brager George Giagtzolou
Tony Trujillo
SES vs Intelsat Trial Delayed
Posted:
17 September 2021
The SES claim against Intelsat for a potential
$1.8 billion has been postponed.
Judge Keith Phillips, who is overseeing
Intelsat’s Chapter 11 bankruptcy reconstruction, had earlier
confirmed that the trial date for the SES vs Intelsat dispute
over FCC payment allocations would start on September 20th. A
new date has not – as yet – been circulated.
SES Accuses Intelsat of 'siphoning'
Billions
Posted:
1 September 2021
It has long been a complaint from SES that
Intelsat, in its complex Chapter 11 bankruptcy, is using
associate and sister businesses to shift incoming cash (and in
particular the so-called incentive payments from the FCC over
the C-band reallocation of spectrum). SES describes the Intelsat
action as playing a “shell game” and that Intelsat is using
sleight of hand in how it proposes allocating the FCC’s
incentive payments.
The matter was raised again in a motion to
Intelsat’s bankruptcy court on August 30th where SES again
objected to the risk of Intelsat “siphoning billions of dollars
from the Debtors’ principal operating entity, Intelsat US, and
disadvantage SES, their main competitor and one of Intelsat US’s
largest creditors.”
SES Demands
Trial on It's $1.8bn Claim
Posted:
27 August 2021
On September 1st
the Intelsat bankruptcy court is scheduled to hold a pre-trial hearing
on the SES claim for a greater share of the FCC’s incentive payments due
from the C-band clearing process and auction. SES, in a filing to the
court on August 25th, is asking that the actual trial scheduled for
September 20th be started on that date and not further adjourned or
postponed.
SES suggests that
a trial over Zoom could ease challenges for all concerned and save case
witnesses from both sides having to travel to Richmond, Virginia along
with “hundreds of people” including lawyers and other experts involved
with commensurate financial savings. A fixed date and remote Zoom
hearing “Would give the parties some certainty; given the unpredictable
trajectory of the Covid-19 pandemic and its effect on in-person
proceedings, there is no guarantee that an adjournment would make it
possible to proceed in person anytime in the near future.”
Intelsat
Achieves Support of Nearly 75% of Funded Debt on Comprehensive Financial
Restructuring
Posted:
25 August 2021
Key Creditor Groups Agree to Vote in Favor of Amended
Plan of Reorganization
Path to Emergence by End of 2021, with Company's Debt
Reduced by More Than Half
MCLEAN, VA - August 24, 2021 -
Intelsat S.A. (OTC: INTEQ), operator of the world's largest and most
advanced integrated satellite and terrestrial network, today announced
that it has achieved the support of key creditor groups across the
capital structure on the terms of a comprehensive financial
restructuring that would reduce the Company's debt by more than half -
from nearly $15 billion to $7 billion - and position the Company for
long-term success.
The Company has filed an Amended
Plan of Reorganization in its Chapter 11 proceedings pending before the
U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond
Division, accompanied by an explanatory Disclosure Statement. The
Amended Plan has the support of holders of approximately $11 billion, or
nearly 75% of the Company's funded debt. These supporting
creditors have executed a Plan Support Agreement that binds their
support for the Company's Amended Plan.
The Company is seeking Court
approval of the Disclosure Statement and to establish procedures to
solicit votes on the Amended Plan at a hearing scheduled for September
1, 2021.
We are pleased to Welcome the following new members
to the Intelsat
Retirees and Alumni Association:
August
2021 Lawrence (Larry) Brown Michael
J. Brown Yao Gao Michael
Goldstein AnaMaria Puch
Vince Walisko
SES vs Intelsat
hearings: Public barred
Posted:
20 August
2021
The August 19th application by
Intelsat and SES to have much of their court arguments heard privately
was granted by Intelsat’s Chapter 11 bankruptcy Judge.
Despite a strong case submitted
by the US Trustee, who argued that the two litigants were seeking to
close the courthouse door during their submissions and that the public
had a right to know what was being presented to the court, Judge Keith
Phillips ruled that the elements of the SES and Intelsat submissions –
whether confidential or not – could remain ‘sealed’ and with the court
proceedings only available (and viewable on Zoom) to approved lawyers
for the parties involved.
Click
HERE
for
further details from
Advanced Television
Musk's Space
Push Forces Satellite Rivals into Merger Mode
Posted:
20 August
2021
(Bloomberg) -- Plans by Elon Musk and Jeff Bezos to
launch thousands of satellites into orbit are forcing an industry that’s
traditionally wary of mergers to prepare for consolidation. The
billions of dollars that Musk is pouring into his Starlink broadband
internet service are skewing the economics of space for companies like
SES SA, the world’s second-biggest satellite operator by sales. The
growth of streaming over fiber optics threatens another of their
mainstays -- satellite TV.
Takeovers, investments and joint ventures in the industry
this year have already surpassed 2020, with more than $3.6 billion spent
on them so far in 2021, according to data compiled by Bloomberg.
TAMPA, Fla. — SES is asking Intelsat’s bankruptcy court for a speedier
summary judgment on the satellite operators’ C-band dispute instead of a
full trial.
The company said
in a June 16 court filing that it had already submitted enough evidence
for a ruling in its favor over Intelsat’s withdrawal from their C-Band
Alliance, where it said the competitors agreed to split proceeds from
clearing the spectrum evenly.
This includes
emails and text messages among senior Intelsat executives that SES says
support its case.
SES said in the
filing that Intelsat wrongfully seeks to keep a $421 million chunk of
the C-band proceeds from the company as a result.
Satellite
operators are in line for $9.7 billion in total from the Federal
Communications Commission (FCC) for clearing 300MHz of C-band, provided
they meet deadlines for making it available for wireless 5G operators.
Intelsat and SES
hold the largest share of the 500 MHz C-band in the U.S. and will get
$4.9 billion and $3.97 billion, respectively, under the FCC’s plan.
Intelsat's Q1 earnings down
50% year over year despite higher revenue due to Gogo acquisition
COVID-19 drags down SES Q1
revenue; operator says video decline is slowing
Intelsat and SES C-ban legal
battle rages on
TAMPA, Fla. — Satellite operators Intelsat and SES say they are on track
to meet a key C-band spectrum clearing deadline this year, despite
ongoing COVID-19 disruption.
The pandemic has been slowing supply chains for delivering upgrades and
filters needed to clear the frequencies for terrestrial 5G wireless
operators — and limiting access to sites to install them.
But Intelsat and SES, which hold the lion’s share of C-band in the
United States and will get around $9 billion combined if they clear
their part of the 300 megahertz of auctioned spectrum in time, said
during financial results they are on track for the first big deadline
Dec. 5.
That is when a portion of the spectrum currently being used to provide
TV and radio to nearly 120 million U.S. homes must be available for 5G
mobile.
Intelsat and SES will get $1.2 billion and $1 billion, respectively, if
they meet the Dec. 5 deadline for clearing the first 120 megahertz of
C-band the U.S. Federal Communications Commission began auctioning off
late last year.
We have lost
contact with these members below. If you have any information on
how to contact them, please send us an EMail at:
info@myiraa.comm
Mike Brown John Crispin Lee Huffman
Intelsat's
Chapter 11 Exit Plan Falters
Posted:
12 April
2021
Intelsat is
asking its Chapter 11 bankruptcy court for more time to deliver its exit
plan from bankruptcy.
A hearing
scheduled for April 14th will see Judge Phillips asked for more time.
Intelsat says the additional time is necessary to ensure that it
maintains control of its case, which is particularly complicated because
of the dozens of subsidiary and sister businesses under various Intelsat
names all of which are affected by the bankruptcy.
Click
HERE
for
further details from
Advanced Television
Welcome New
Members
Posted: March 27, 2021
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
February
2021
Phil Spector
March
2021
Tokuo Oishi Benjamin Smith
Intelsat Court
Hearing on March 17
Posted:
9 March 2021
Intelsat’s Chapter 11 bankruptcy court will hold an
omnibus hearing on March 17th.
The remote video hearing will see Judge Philips hear a
number of motions. Three important items listed for hearing are the
application by Intelsat’s lawyers for the court to approve Intelsat’s
request for an “Expedited” process for its exit plan from bankruptcy.
Click
HERE
for
further details from
Advanced Television
Inaugural
Congress of the Global Alliance for International Collaboration in Space
(GALIX)
Posted: 23 February 2021
You are
cordially invited to register for the Global Alliance for
International Space Collaboration (GALIX) Congress on March 18-19.
(10:00am-12:30pm EDT and 15:00-17:30 pm CET) This global forum
features many key space leaders from around the world including NASA
Chief Scientist James Green, Niklas Hedman of the UN OOSA, Michelle
Hanlon of For All Moonkind, Juan De Dalmau President of the
Internat’l Space Univ., Lucy Stojak of the Canadian Space Council,
Alicia Woodly of Axiom, J-J Tortora of the European Space Policy
Institute, Su-Yin Tan of the Univ. of Waterloo, Canada, Dr. Kai-Uwe
Shrogl of ESA/DLR, and many other notables listed in the Program at GALIX.net.
Please go
to https://www.galix.netand
click on registration page. Notice of the Zoom Address will be sent
to you in coming days. The Purpose of GALIX is to expand
international collaboration in space and to enhance space policy,
financial opportunity, education and training, and regulation to
this end of global partnership. Some fifteen organizations are
working in collaboration on this global initiative. Registration is
on a first come and first serve basis and a Zoom address for this
event will be provided to you in coming days after you are
registered.
Joseph N. Pelton, Chairman of the Board of GALIX, Dean Emeritus,
International Space University, Founder of the Arthur C. Clarke
Foundation, Founding President of the SSPI, Member of the
International Academy of Astronautics
Chairman of
Embattled Satellite Operator Accused of Insider Trading
Posted:
18 January 2021
The chairman of satellite operator Intelsat is
being sued for insider trading in an explosive new shareholder
lawsuit that also dings private-equity giants BC Partners and
Silver Lake Partners, a New York Knicks shareholder.
The Oakland, Calif., federal court lawsuit claims
that David McGlade, Intelsat’s chairman and former CEO, sold
stock in the satellite operator on Nov. 5, 2019 — mere hours
after the company’s CEO learned that the Federal Communications
Commission was leaning against a proposal that would have earned
the company billions.
McGlade made the trade — together with fellow
Intelsat insiders Silver Lake and BC Partners — via a $246
million block sale of 10 million shares, the lawsuit says. Weeks
later, on Nov. 18, the FCC rejected Intelsat’s proposal to run
the sale of government-owned airwaves it had been using for TV
and radio communications — squashing its dreams of a $7
billion-plus windfall. By May, the company had filed for
bankruptcy protection. The stock, which had been trading at
around $23 a share ahead of the insider selling, closed Friday
at 72 cents a share..
The Board of
Directors and Volunteers of the Intelsat Retirees and Alumni Association
wish you peace, joy and good health during your holidays celebrated and a
Happy, Healthy and Prosperous New Year 2021 ahead!
Trial Date Set
for the SES + Intelsat Legal Dispute
Posted 7 December
2020
Intelsat’s
bankruptcy court on December 3 said the dispute
between SES
Americomand
Intelsat would go to trial next June — the news coincides with a
126-page filing to Intelsat’s court from SES that pulls no punches in
its claims.
At the heart of the legal
dispute between SES and Intelsat is an argument over Intelsat’s handling
of an alleged 50-50 agreed division within the C-Band
Alliance (CBA) and how the FCC ‘incentive’ payments over the
reallocation of both satellite operators’ C-band frequencies would be
allocated. SES is claiming $1.8 billion from Intelsat.
The FCC-organized auction over
the sale of the spectrum is now occurring.
The SES vs Intelsat legal action
kicked off with a July 14 claim lodged by SES where SES claimed damages
and which included alleged breaches of contract, fiduciary duties and
unjust enrichment. Intelsat firmly rejected the claim and, in October,
added in its own allegations that SES had “improperly
shared” a confidential report with the FCC and that the SES claims
are without merit.
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
October
2020
Paul Tan William Wu
Welcome New
Members
Posted: September 14, 2020
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
September
2020
James (Jimmy) Ferrara Darren Hutchinson Carmen
Nelson Sanjay Singhal Dianne VanBeber
Intelsat
to Acquire Commercial Aviation Business of Gogo
Posted: 31 August
2020
MCLEAN, Va.--(BUSINESS
WIRE)--Intelsat (OTC:
INTEQ), operator of the world’s largest and most advanced
satellite fleet and connectivity infrastructure, today announced
that it has entered into a definitive agreement to acquire the
commercial aviation business of Gogo (NASDAQ: GOGO), the largest
global provider of in-flight broadband connectivity, for $400
million in cash, subject to customary adjustments.
The transaction further propels Intelsat’s
efforts in the growing commercial in-flight connectivity market,
pairing its high-capacity global satellite and ground network
with Gogo’s installed base of more than 3,000 commercial
aircraft to redefine the connectivity experience.
Gogo’s leading commercial aviation
business provides Intelsat with key airline relationships and
customer-facing capabilities, including a leading software
platform, ISP and network management infrastructure. It
currently serves 21 commercial airlines, including 9 of the top
20 global carriers.
We have lost
contact with these members below. If you have any information on
how to contact them, please send us an EMail at:
info@myiraa.comm
John Crispin Lee Huffman
Welcome New
Members
Posted: August 27, 2020
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
August
2020
Yvonne Graham Neni Gray Javed Hashmi Brian Henderson Van McDevitt
Vishnu Sahay
Herminia Salazar
FCC Concludes
First Mid-Band 5G Auction
Posted:
26 August 2020
By
Colin Mann | August 26, 2020
The US’s FCC has confirmed what it describes as the successful
conclusion of bidding in its auction of Priority Access Licenses in the
3550-3650 MHz band for 5G, raising some $4.5 billion, although it has
yet to name the successful bidders. The auction made available the
greatest number of spectrum licences ever in a single FCC auction.
Click
HERE
for
further details from
Advanced Television
Intelsat
Announces Successful Launch of Galaxy 30 Satellite and Northrop
Grumman's
Second Mission Extension Vehicle
Posted:
15 August
2020
McLean, Va. – August 15, 2020 – Intelsat,
operator of the world’s largest integrated satellite and terrestrial
network, announced the successful launch of Galaxy 30, a geosynchronous
communications satellite that will primarily provide high-performance
television distribution service to Intelsat’s North American customers.
Northrop Grumman’s Mission Extension Vehicle 2 (MEV-2)
was part of the same successful launch today. The Intelsat 10-02
satellite is scheduled to be its first customer in early 2021.
The Northrop Grumman-manufactured Galaxy 30 and MEV-2
launched on the Arianespace Ariane 5 rocket from the Guiana Space Center
near Kourou, French Guiana at 6:04 p.m. EDT. Galaxy 30 separated from
the rocket at 6:31 p.m. EDT, and Intelsat confirmed its signal
acquisition at 7:02 p.m. EDT.
Galaxy 30 is the first satellite in Intelsat’s Galaxy
fleet refresh plan and will replace Galaxy 14 at 125 degrees west once
it is in service in early 2021. The Intelsat Galaxy fleet is the most
reliable and efficient media content distribution system in North
America, offering customers an unmatched penetration of cable head-ends.
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
July
2020
Patrick Drissel Luis F. Gonzalez Cecilia Lewis
Peery B. Lewis (Britt)
C-Band:
SES Wants $1.8bn from Bankrupt Intelsat
Posted:
15 July
2020
By
Chris Forrester July 15, 2020
SES Americom, the US division of the Luxemburg-based
satellite operator, is seeking $1.8 billion (€1.5bn) in damages from
Intelsat which is in bankruptcy.
SES is alleging that Intelsat has breached the contract
between the two operators which was agreed to handle the sale of C-band
frequencies over the US.
The SES filing, lodged on July 14th, argues that Intelsat
and its subsidiary entities are in violation of that contract and
related fiduciary duties related to the C-band consortium agreement.
SES seeks compensation and punitive damages. It also
wants attorney fees and other expenses in relation to arguing the C-band
claim and costs relating to litigating the claim.
Click
HERE
for
further details from
Advanced Television
Bankruptcy Court
Approves $17M Intelsat Bonus Plan
Posted: 2 July 2020
By
Rachel Jewett | July 2, 2020
A bankruptcy court has approved
Intelsat's request for an employee incentive pan worth $17 million,
despite an objection from the U.S. Trustee overseeing the cased.
The U.S. Bankruptcy Court for the Eastern District of Virginia, Richmond
Division, approved the bonuses as part of a Key Executive Incentive Plan
(KEIP) in cour documents filed June 30. The incentives are tied to
certain targets like meeting Cband clearing deadlines.
Six executives are eligible to recieve a maximum of $17,087,561.
CEP Stephen Spengler could reeive a maximum amount of $6,974,100.
The other eligible executives are: CFO David Tolley; General
Counsel Michelle Bryan; Chief Services Officer Michael DeMarco; CCO
Samar Halawi; and Senior Vice President of Strategy and Planning Bruno
Fromont.
Acting U.S. Trustee Jon Fitzgerald III with the
U.S. Department of Justice filed an objection to the bonuses on June 23,
aruguing the plan did not set stringent enough performnce goals, and the
bonuses are not tied to cash flow and will be paid even if the debtors
sustain losses. The objection pointed to $6.9 million in retention
bonuses
pointed to $6.9 million in retention bonuses paid to Intelsat executives
shortly before the company filed for bankruptcy. CEO Stephen Spengler
received $1 million, according to SEC filings.
Intelsat Extends
Liquid Telecom Partnership Across Africa
Posted 29June
2020
Satellite network operator Intelsat
S.A. INTEQ
recently announced the extension of its partnership with Liquid Telecom
to deliver avant-garde and reliable Internet connectivity in the rural
areas of Africa by leveraging its high-throughput satellite fleet.
Markedly, the multi-year strategic agreement between the two companies
underscores Intelsat’s commitment to provide seamless broadband
connectivity for the development of educational institutions and local
businesses, thereby strengthening growth of its critical communications
infrastructure across the continent.
Backed by a unique offering of innovative digital services, Liquid
Telecom is Africa’s leading communications solutions provider that
caters to nearly 13 countries with high-speed connectivity. Further, it
offers best-in-class hosting and co-location services to various mobile
operators, enterprises and media firms. The company operates
state-of-the-art data centers in Cape Town, Johannesburg and Nairobi. It
reportedly established Africa’s largest independent fiber network,
spanning more than 70,000 kilometers. With leading cloud-based services
such as Microsoft Corporation’s MSFT Azure and Office 365, it offers a
steady communications infrastructure that prioritizes traffic within
Africa to reduce latency.
Click
HERE for
further details from Zacks Equity Research
Intelsat, SEC
Detail C-Band Transition Plans
Posted:
22 June 2020
By
Rachel Jewett | June 22, 2020
Intelsat and SES both
filed their C-band spectrum transition plans with the FCC last week on
June 19. The operators are working to meet the FCC’s accelerated
clearing timeline to clear 100 megahertz of mid-band spectrum for
commercial 5G deployment by the end of 2021, and another 180 megahertz
two years later. The operators will be eligible to receive incentive
payments, in addition to relocation costs, if they clear the spectrum on
the FCC’s timeline. Intelsat is eligible to receive $4.87 billion, and
SES is eligible to receive $3.97 billion.
Intelsat’s plan estimates
the total cost of its C-band replacement satellite portion of the
transition plan, including launch, insurance, and program management, to
be $1.18 billion.
The operator is planning for the
construction and launch of seven new satellites to create sufficient
capacity to repack services and effectuate spectrum clearing. Last
week, Intelsat announced that Maxar
Technologies will
build and deliver four satellites, and Northrop
Grumman will build and deliver two satellites. The operator is
also currently in negotiations with manufacturers for a seventh
satellite.
Intelsat
Procures New C-Band Spectrum Transition
Posted: 15 June 2020
Contracts in place with U.S. manufacturers Maxar Technologies and
Northrop Grumman
June 15, 2020
MCLEAN, Va.--(BUSINESS
WIRE)--Intelsat,
operator of the world’s largest integrated satellite and terrestrial
network, today announced that it has contracted for new satellites with
U.S. manufacturers, a necessary step to meet the accelerated C-band
spectrum clearing timelines established by the Federal Communications
Commission (FCC) earlier this year.
Intelsat has entered into two new agreements; one with Maxar
Technologies to build and deliver four satellites, and another with Northrop
Grumman to build and deliver two satellites. Intelsat is currently
in negotiations with manufacturers for a seventh satellite required to
support its C-band transition.
Later this week, Intelsat plans to file its full C-band
spectrum transition plan with the FCC in accordance with the FCC’s
revised timeline. The plan will provide additional manufacturing and
launch details for new satellites and outline the steps that Intelsat
will take to reconfigure its terrestrial-based infrastructure and to
ensure a successful transition.
Busy Bankruptcy
Court for Intesat
Posted 11 June
2020
As well as approving
a $1 billion ‘debtor
in possession’ loan, Intelsat’s bankruptcy court had an extremely busy
‘omnibus’ day on June 9th dealing with dozens of applications and
motions.
The court
approved the rate of interest that Intelsat must pay to the lenders
Credit Suisse on the $1 billion loan. Intelsat has to pay an immediate
1.5 per cent, and then an expensive 3.6 per cent (the “ticking fee”) per
month just like a taxicab fare and designed to encourage Intelsat not to
stretch the whole bankruptcy process out too long.
While the $1 billion loan grabbed the most headlines, the
court also agreed a motion that – in essence – permits the sale of
Spaceflight Industries, in which Intelsat has a $50 million loan, to
Mitsui & Co. Intelsat had made the loan to Spaceflight because it wanted
to participate in a Spaceflight subsidiary (BlackSky, which is an Earth
observation business). Intelsat still has a “right to purchase” option
in Spaceflight/BlackSky.
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
June
2020
Tom Barr Patty Harrison Alan Shingler Maria
Stefanita
Investors Accuse
Intelsat Insiders of Trading on C-Band News
Posted: 8 June 2020
Law360 (June 8, 2020. 5:07 PM
EDT) --
Investors claim major stakeholders in satellite giant Intelsat
dodged $185 million in losses by trading on nonpublic information
about a Federal Communications Commission plan to publicly auction
C-Band spectrum.
Three institutional investors filed suit in California federal court
Friday against BC Partners LLP and Silver Lake Group LLC, two
investment firms that unloaded $246 million worth of their Intelsat
stock on Nov. 5, the same day the FCC allegedly told Intelsat's CEO
the agency would not approve Intelsat's proposal for a private sale
of the spectrum.
The FCC said Nov. 18 that a public auction would be held instead,
meaning that Intelsat would no longer rake in the more than $7
billion it had expected had the private sale gone through and
leading it to file for bankruptcy in May, according to the
complaint. Two days after the announcement, Intelsat's stock price
plunged by nearly 80%, the investors say.
"By offloading significant holdings of Intelsat common stock ahead
of the FCC's announcement, BC Partners and Silver Lake, who were
also parties to joint shareholding agreements, avoided approximately
$185 million in losses," the putative class action alleges. "Their
actions constitute blatant violations of their obligation to
disclose or abstain from trading and present a classic case of
insider trading."
Intelsat, a Luxembourg-based satellite operator that provides
television and radio communications, started working with the FCC in
2017 to determine whether it could free up a portion of its coveted
3.7 to 4.2 gigahertz band, or C-Band, for future 5G use, according
to the suit.
The company and other satellite operators proposed a private sale
process that they would manage and could reap billions of dollars —
in a June 2018 report, RBC Capital Markets predicted that a private
sale would raise Intelsat's target stock price from $5 to $30,
according to the complaint.
On Nov. 5, FCC senior counsel met with Intelsat's CEO to review its
proposal for a private auction of some C-Band spectrum, but "based
on the conduct of the parties and the timing and sequence of
events," it appears the CEO was told the FCC "was unlikely to
approve Intelsat's proposal," the suit says.
After the market closed that day, Intelsat's controlling
shareholders, BC Partners and Silver Lake, began urgently shopping
10 million Intelsat shares at a price of $24.60 per share,
representing a 6% discount on its closing price that day, the suit
says. The investors claim the firms instructed their broker to
insist that buyers had only an hour to decide whether to purchase.
"The shares were sold the next day to investors who had no idea what
had transpired at the November 5, 2019 meeting with the FCC,"
according to Friday's suit. "To the contrary, they, like the rest of
the investing public, had been led to believe that the private sale
was on track and when consummated would result in Intelsat receiving
more than $7 billion for its share of the spectrum."
BC Partners has representation on Intelsat's board of directors
along with an information rights agreement with Intelsat, which
Silver Lake also has, providing both stakeholders with
"contractually bargained-for access to material, non-public
information about Intelsat," the investors allege, including
information about the Nov. 5 meeting.
The two stakeholders had also never sold a single share of Intelsat
stock until their "fortuitously timed sale of 20% of their total
position" after trading closed on Nov. 5, the suit claims.
On Nov. 18, the FCC rejected Intelsat's proposal, and FCC Chairman
Ajit Pai appeared to foreclose any future prospects, backing a
public rather than private auction of the C-Band spectrum.
Intelsat's stock price plunged, wiping out $700 million in market
capitalization in two days. On May 14, Intelsat filed for Ch. 11
protection.
The institutional investors are hoping to hold the two firms, along
with Intelsat directors and BC Partners principals Raymond Svider
and Justin Bateman, liable for the alleged stock drops. Individual
investor James Hill also filed a similar suit in the same court back
in April.
Silver Lake declined to comment. BC Partners and counsel for the
investors did not immediately respond to requests for comment
Monday.
The investors are represented by Marc M. Seltzer and Krysta Kauble
Pachman of Susman Godfrey LLP and Andrew J. Entwistle of Entwistle &
Cappucci LLP.
Counsel information for the investment firms was not available
Monday.
The case is FNY Partners Fund LP et al v. BC Partners LLP et al.,
case number 3:20-cv-03741, in the U.S. District Court for the
Northern District of California.
Intelsat (INTEQ- Free
Report)
came out with a quarterly loss of $1.48 per share versus the Zacks
Consensus Estimate of a loss of $1.37. This compares to loss of $0.87
per share a year ago. These figures are adjusted for non-recurring
items.
This quarterly
report represents an earnings surprise of -8.03%. A quarter ago, it was
expected that this communications and satellite company would post a
loss of $0.99 per share when it actually produced a loss of $0.81,
delivering a surprise of 18.18%.
Over the last
four quarters, the company has surpassed consensus EPS estimates just
once.
Intelsat, which
belongs to the Zacks Satellite and Communication industry, posted
revenues of $458.82 million for the quarter ended March 2020, missing
the Zacks Consensus Estimate by 5.79%. This compares to year-ago
revenues of $528.45 million. The company has topped consensus revenue
estimates three times over the last four quarters.
The
sustainability of the stock's immediate price movement based on the
recently-released numbers and future earnings expectations will mostly
depend on management's commentary on the earnings call.
Intelsat shares
have lost about 93.5% since the beginning of the year versus the S&P
500's decline of -3.3%.
C-Band: Eutelsat Complains Over Intelat/SES 'Incentives'
Posted 3 June
2020
By Chris Forrester June 3, 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 of new C-band satellites over the US – will mean that
Intelsat and SES will use the cash to expand functionality and coverage
beyond a one-for-one simple replacement scheme. Eutelsat says the FCC’s
official estimates (aided by analysis by RKF Engineering Solutions) of
the costs of these replacement satellites are far too high and thus are
more sophisticated satellites than currently being used.
Both Intelsat and SES are looking to order between four
and six satellites to replace the lost frequencies. SES, speaking to
Advanced-Television on June 2nd,
said that it was still in negotiation on the satellite contracts but it
was likely that six satellites would ordered, although two would be
ground spares.
EXCLUSIVE: Intelsat Shareholders Send
Angry Letter Asking for Representation in Bankruptcy Court
Posted: 28 May 2020
By
Rachel Jewett | May 28, 2020
Intelsat shareholders
are banding together to make sure their interests are represented in the
company’s Chapter 11 bankruptcy proceedings, according to a letter that
was filed with Acting United States Trustee John Fitzgerald III, who
monitors the case.
Via Satellite obtained
a copy of the letter, which was signed by a group of 73 Intelsat
shareholders representing 2.3 million shares. In the letter, the
shareholders ask Fitzgerald for an equity committee to represent them.
The letter details common shareholders’ concerns that they are not being
fairly treated by Intelsat management, and as the two largest
shareholders, Cyrus
Capital Partners and Appaloosa
LP, own
both equity and debt in the company, they may be willing to accept a
deal that will wipe out common shareholders.
Click
HERE for
further details from Zacks
Equity Research
Welcome New
Members
Posted: 26 May 2020
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
May
2020
Pasquale Delli Carpini Bill Pagden Jim Redpath
Intelsat Opts
into FCC Accelerate C-Band Clearing Plan
Posted: 26 May 2020
Company mobilizes operations to accelerate C-band clearing for U.S.
5G
May 26, 2020
04:23 PM Eastern Daylight Time
MCLEAN, Va --
(BUSINESS WIRE) -- Intelsat, operator of the worl's largest integrated
satellite and terrestrial network, today filed a written commitment with
the U.S. Federal Communications Commissin (FCC) to accelerate clearing
of the U.S. C-band spectrum. Intelsat comleted the filing in
advance of the FCC's May 29 deadline.
Intelsat (I)
Files for Bankruptcy, Aims to Emerge Stronger
Posted: 15 May 2020
Intelsat S.A. I
has reportedly filed for bankruptcy protection in order to raise cash
and prepare the spectrum for public auctioning as it remains weighed
down by the huge debt burden. The company expects that Chapter 11
bankruptcy protection funding will enable it to tide over the storm
until billions of dollars are made available through public auctioning
of its C-band spectrum later this year.
In concurrence with the bankruptcy filing, Intelsat has
earmarked $1 billion in debtor-in-possession financing to sustain
operations during the proceedings and make necessary investments to prop
up the spectrum for the auction. The company expects to emerge stronger
from this financial restructuring process with greater fiscal viability
to continue launching new satellites, building a comprehensive ground
network and adding innovative services to its portfolio.
Despite all these endeavors, the stock has plummeted
97.6% in the past year. Notably, Intelsat’s shares declined sharply in
November 2019 when investors resorted to panic selling as the Federal
Communications Commission (“FCC”) lent its support to the Congress’ move
to hold a public auction for its C-band spectrum. The stock declined
67.1% in 2019, making it the worst performer in the Zacks Satellite and
Communication industry.
FCC Plans to
Auction C-Band Airwaves Despite Intelsat Bankruptcy
Posted: 14 May 2020
by Todd Shields
(
Bloomberg)
-- The Federal Communications Commission said it would move
forward with an auction of valuable airwaves following the
bankruptcy filing of Intelsat SA, which occupies many of the
frequencies to be sold.
Intelsat weighted down by almost $15 billion of debt, filed
for bankruptcy protection as part of efforts to raise caseh
needed to prepare its spectrum for a U.S. government
auction.
The FCC "will continue to move forward with the C-band
auction proces," a spokesman said in an emailed message
Thrusday. The agency "appreciates" Intelsat's
statement that a catalyst for its filing is a desire to get
ready for the auction, the spokesman said.
The agency has set a Dec. 8 start date for the airwaves
sale. Preparations must begin months ahead of that
time, as current ocupants of the airwaves make room for new
wireless users. Intelsat said it needs to spend more
than $1 billion to prepare long before costs are reimbursed.
With its Chapter 11 filing in Virginia, the Luxembourg-base
company said it lined up $1 billion in financing to fund
operations during bankruptcy roceedings and make investments
required ahead of the auction.
Intelsat
Undertakes Financial Restructuring to Pave the Way for Future Innovation
and Growth
Posted 14 May
2020
Strengthened Balance Sheet Will Complement Strong
Operating Model
Process Intended to Enhance Liquidity to Support
Accelerated C-Band Clearing and Continued Investment; Expected to Result
in a Substantial Reduction of Legacy Debt Burden
Commitment Obtained for $1 Billion in
Debtor-in-Possession Financing
Service to Customers to Remain at Same Level of
Excellence
PRESS RELEASE
14 MAY 2020
McLean, VA – May 13, 2020 – Intelsat
S.A. (NYSE: I) (“Intelsat” or the “Company”), operator of the world’s
largest and most advanced satellite fleet and connectivity
infrastructure, today announced that it has undertaken a financial
restructuring to position the Company for long-term success. The
restructuring process is intended to enhance the Company’s liquidity and
will likely result in a substantial reduction of Intelsat’s legacy debt
burden, allowing for Intelsat to emerge with a strengthened balance
sheet to complement its strong operating model and future growth plans.
One of the primary catalysts for restructuring the
balance sheet now is Intelsat’s desire to participate in the accelerated
clearing of C-band spectrum under the Federal Communications Commission
order in support of a build-out of 5G wireless infrastructure in the
United States. To meet the FCC’s accelerated clearing deadlines and
ultimately be eligible to receive $4.87 billion of accelerated
relocation payments, Intelsat needs to spend more than $1 billion on
clearing activities. These clearing activities must start immediately,
long before costs begin to be reimbursed. The Company is also managing
the economic slowdown impacting several of its end markets caused by the
COVID-19 global health crisis.
“This is a transformational moment in the history of our
company,” said Stephen Spengler, Chief Executive Officer of Intelsat.
“Intelsat is the pioneer and foundational architect of the satellite
industry. For more than 50 years, we have been respected for quality,
innovation, sector leadership, and premium services. Our success has
come despite being burdened in recent years by substantial legacy debt.
Now is the time to change that. We intend to move forward with the
accelerated clearing of C-band spectrum in the United States and to
achieve a comprehensive solution that would result in a stronger balance
sheet. This will position us to invest and pursue our strategic growth
objectives, build on our strengths, and serve the mission-critical needs
of our customers with additional resources and wind in our sails.”
Intelsat Files
for Bankruptcy Protection
Posted: 14 May 2020
Darrell
Etherington | TechCrunch-May 14, 2020
Global satellite
operator
Intelsat
has voluntarily filed for Chapter 11 bankruptcy protection, the company
announced late on Wednesday. Intelsat has attempted to
position this
as a positive momentthat sees it
embark on a "financial restructuring" project to enable its future growth, but a
bankruptcy filing is seldom cause for celebration.
The company cites
a need to participate in the FCC's C-band spectrum clearing for 5G
network build out in the U.S. as one of the factors behind its decision
to file, as well as "managing the economic slowdown impacting several of
its markets caused by the COVID-19 global heath crise."
Intelsat notes
that its current plan involves no changes to the day-to-day operation of
the company, or any reduction in the headcount. The company also
said that it has secured $1 billion in committed new financing, which
will come in the form of debtor-in-position funds, subject to court
approval. That just describes any company that plans to continue
to operate its business while also undergoing Chapter 11 bankruptcy
proceedings.
Sen. Kennedy: Intelsat Bankruptcy Changes
C-Band Compensation Equation
Posted: 14 May 2020
Says FCC should reverse its course and keep money for
the treasury
John Eggerton | May 14, 2020
Satellite services provider Intelsat has announced a
"financial restructuring to position [it] for long-term success" at what
it called a "transformational moment in the history of our company," or,
as Intelsat critic Sen. John Kennedy (R-La.) put it: "Intelsat’s
decision to file for bankruptcy."
On that news, whichever way one looks at it, Kennedy said
the FCC should "withdraw its offer, take control of America’s spectrum
and save taxpayers billions of dollars instead of shelling out that
money to foreign companies."
He said the Intelsat filing makes it clear that Intelsat
"had no intention of accepting the FCC’s deal." Intelsat in a tweet on
the restructuring said its business would continue "without
interruption."
That "offer" was a reference to the FCC's decision to
provide billions of dollars in incentives and auction proceeds to
Intelsat and other satellite service providers to give up 300 MHz of
spectrum (out of a total of 500 MHz) in the C-Band for 5G.
Click
HEREfor
further details from
MultiChannel News
Intelsat Files for Chapter 11 Before 5G
Spectrum Sales
Posted: 14 May 2020
Allison McNeeley and Steven church | Bloomberg May 14, 2020
(Bloomberg) --
Intelsat SA, the satellite company weighed down by almost $15 billion of
debt, filed for bankruptcy protection as part of efforts to raise cash
needed to prepare its spectrum for a U.S. government auction.
With its Chapter
11 filing in Virginia, the Luxembourg-based company said it lined up $1
billion in financing to fund operations during bankruptcy proceedings
and make investments required ahead of the auction.
Under rules set
by the Federal Communications Commission, Intelsat may collect $4.86
billion for quickly giving up the so-called C-band spectrum so the
airwaves can be used by mobile phone companies to provide 5G services.
The satellite company uses the spectrum to beam TV and radio programs to
stations, but can give up part of it while still serving customers on
frequencies it retains.
“We intend to
move forward with the accelerated clearing of C-band spectrum in the
United States and to achieve a comprehensive solution that would result
in a stronger balance sheet,” Stephen Spengler, Intelsat CEO, said in
the statement.
As reported, a key
catalyst for the move is the company's desire to reap the benefits
(a multibillion-dollar payout in particular) of the FCC's clearing
C-band spectrum for use in 5G wireless infrastructure.
In order to be eligible to
receive $4.87B in accelerated relocation payments, the company needs
to spend more than $1B on clearing activities, it says. And it's
secured a commitment for $1B in debtor-in-possession financing.
It's filed first-day motions
in order to maintain business-as-usual operations. No changes to
operations or workforce are planned.
The motions cover Intelsat
and certain subsidiaries; Intelsat General (serving U.S. commercial,
government, and Allied military customers) is not part of the
bankruptcy filing.
The company's publishing
more detailed information at Intelsatonward.com,
and court filings can be found here.
Intelsat Files
for Chapter 11 Bankruptcy
Posted: 14 May 2020
Allison McNeeley and Steven church | Bloomberg May 14, 2020
(Reuters) - Satellite operator Intelsat SA said late on Wednesday that
it filed for Chapter 11 bankruptcy protection, making it the latest
casualty of severe business disruptions caused by the COVID-19 pandemic.
The company listed assets and liabilities in the range of $10 billion to
$50 billion, according to a filing in the U.S. Bankruptcy Court for the
Eastern District of Virginia.
Intelsat also said it had received $1 billion in debtor-in-possession
financing.
The pandemic has inflicted widespread financial pain across sectors
including retail and aviation, with many companies considering
bankruptcy options as a way to restructure their debt load.
The company's Chapter 11 filing comes more than a month after it
suspended its 2020 outlook and said it would delay filing its
first-quarter results.
Chapter 11
Filing Gives Intelsat Leverage in C-Band Auction
Posted: 14 May 2020
By Mark Holmes
Rachel Jewett | May 14, 2020
Intelsat has
positioned its filing
for Chapter 11 bankruptcy protection as
a move that will give the company liquidity to support clearing the
C-band spectrum — but it’s possible that bankruptcy proceedings could
put the auction at risk.
Intelsat and some of its subsidiaries filed on Wednesday
in the U.S. Bankruptcy Court for the Eastern District of Virginia,
Richmond Division.Intelsat,
which operates a fleet of about 50 satellites, had approximately $14.7
billion principal in outstanding third party debt at the end of 2019,
according to the company’s most recent 10-K filing with the Securities
and Exchange Commission.
The company’s upbeat “Intelsat Onward” announcement made
clear that its desire to receive accelerated relocation payments for
clearing C-band spectrum was a factor in filing. Intelsat is eligible to
receive the largest share, $4.87 billion, about half of the total
payments. Intelsat said it needs to spend more than $1 billion on
clearing activities, which must start immediately, and costs will not be
reimbursed until later.
Intelsat (NYSE:I) has made a sudden leg down, now -9%,
following headlines from Reorg that the company may file for Chapter
11 bankruptcy as soon as tonight.
Bonds have been slipping
toward record lows as it nears the expiraton of a 30-day grace
period on some of its debt. It had skipped April 15 interest
payments on some debt. .
And by yesterday, its Luxembourg 8.125% notes due 2023 fell to 6
cents on the dollar
Ahead of the April 15 deadline, JPMorgan was reportedly shopping a
debtor-in-possession loan for the company.
Intelsat needs fund to partake in the multibillion-dollar windfall
of a public midband spectrum safe, but lenders may be wary of providing that
outside of bankruptcy.
Shares closed today $.7881/share
Intelsat and
Andesat Bring Mobile Broadband to Rural Communities in Peru
Posted: 12 May 2020
Andesat Perus launches "#TeConectamosPeru" to expand
life-changing cellular and internet coverage to remote areas
of Latin America
CORAL GABLES, Fla. &
LIMA, Peru ((BUSINESS
WIRE)--Intelsat (NYSE:
I) and Andesat are
parterning to bring end-to-end mobile broadband (3G) service
to remote communities across Peru. The two companies
have develope a new model that will quickly and efficiently
bring life-changing 3G access to 154 rural Peruvian
communities in 2020, and as many as 400 remote sites in Peru
over the next 18 months.
Shareholder
Urges Intelsat to Void Defaulting into Bankruptcy
Posted: 5 May
2020
by
Caleb Henry
-
May 5 2020
WASHINGTON — A shareholder is urging Intelsat’s
leadership to quickly make an overdue debt payment to avoid potentially
falling into bankruptcy.
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.
The skipped payment triggered a 30-day grace period for
Intelsat to complete the payment before defaulting. Intelsat’s
subsidiary Intelsat Jackson, which holds the majority of the operator’s
$14.7 billion debt, owes the late interest payment.
In a letter released May 5, Cyrus Capital said an
Intelsat bankruptcy could severely jeopardize the satellite operator’s
ability to collect up to $4.86 billion in FCC incentive payments for the
rapid clearing of 300 megahertz of C-band spectrum Intelsat uses mainly
for television broadcasting in the United States.
Intelsat has until May 29 to decide whether it will
participate in the FCC’s accelerated spectrum clearing program. A
different Intelsat shareholder, Appaloosa of Short Hills, New Jersey,
urged the company in February to press the FCC for a higher amount even
if it means Intelsat going into bankruptcy.
Global Services Sues FCC Over C-Band
Order
Posted: 5 May 2020
by
Rachel Jewett
-
May, 2020
PSSI Global
Services is suing the FCC over
its plan to reallocate the C-band spectrum for 5G services, arguing the
order approved
in February will
“destroy” its special event satellite broadcast transmission services.
The suit was filed April 28 in D.C. federal court.
PSSI operates a fleet of more than 60 C-band and Ku-band
vehicles and provides live event transmission, distribution and
programming insert reception, including global satellite communication
services. The company said that its Occasional Use (OU) services for
events like the Academy Awards and the NFL Super Bowl are particularly
in jeopardy. OU services use transportable earth stations, which require
satellite Line-of-Sight (LOS) access and transponder frequency clearance
to connect with a particular satellite and transponder.
Were Hedge
Funds Right About Intelsat S.A. (I)?
Posted: 4 May 2020
Asma
UL Husna, Insider Monkey May 4 2020
We hate to say this but, we told
you so. On February 27th we published an article with the title
Recession is Imminent: We Need A Travel Ban NOW and predicted a US
recession when the S&P 500 Index was trading at the 3150 level. We also
told you to short the market and buy long-term Treasury bonds. Our
article also called for a total international travel ban. While we were
warning you, President Trump minimized the threat and failed to act
promptly. As a result of his inaction, we will now experience a deeper
recession (see
why hell is coming).
In these volatile markets we
scrutinize hedge fund filings to get a reading on which direction each
stock might be going. Our extensive research has shown that imitating
the smart money can generate significant returns for retail investors,
which is why we track nearly 835 active prominent money managers and
analyze their quarterly 13F filings. The stocks that are heavily bought
by hedge funds historically outperformed the market, though there is no
shortage of high profile failures like hedge funds' 2018 losses in
Facebook and Apple. Let's take a closer look at what the funds we track
think about Intelsat S.A. (NYSE: I) in this article.
Intelsat S.A. (NYSE:I) shares
haven't seen a s of action during the fourth quarter. Overall, hedge
fund sentiment was unchanged. The stock was in 49 hedge funds'
portfolios at the end of the fourth quarter of 2019. The level and the
change in hedge fund popularity aren't the only variables you need to
analyze to decipher hedge funds' perspectives. A stock may witness a
boost in popularity but it may still be less popular than similarly
priced stocks. That's why at the end of this article we will examine
companies such as Third Pont Reinsurance Ltd (NYSE: TPRE), Hollysys
Automation Technologies Ltd (NASDAQ: HOLI), and Urstadt Biddle
Properties Inc (NYSE: UBA) to gather more data points. Our calculations
also showed that I isn't among the
30 most popular stocks among hedge funds (click for Q4 rankings and
see the video at the end of this article for Q3 rankings).
Click
HERE
for
further details from Yahoo/InsiderMonkey
Shares closed
today $1.13/share
Intelsat Announces New Investor Relations
Vice-President
Posted: 30 April
2020
Industry
veteran brings expertise in cultivating strong relationships with
investment community
Intelsat (NYSE: I), operator of
the world's largest integrated satellite and terrestrial network, today
announced that Tahmin O. Clarke has joined the company as Vice President
of Investor Relations.
Based in
the company’s McLean, Va. office, Clarke is responsible for managing the
company’s relationships with shareholders, bondholders and lenders, and
the equity and fixed income research analyst community. He will report
to Intelsat Executive Vice President and Chief Financial Officer David
M. Tolley.
"Tahmin’s
financial acumen and deep expertise in leading investor communications
in the communications sector will serve as a tremendous asset to us,
especially during this time of industry transition as we evaluate our
future opportunities," said Tolley. "He brings a deep understanding of
the complexities of our sector and a reputation for proactive
relationship-building and stakeholder communications. We’re thrilled to
welcome him to the Intelsat family."
Intelsat
CEO Steve Spangler Talks C-Band, Covid, and Chapter 11
Posted: 28 April 2020
Click
HERE
for the interview by
Mark Holmes of Via Satellite
Welcome New
Members
Posted: 23 April 2020
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
April 2020 Lizbeth Fountain Ivette Fournier Michael Hughes
For the First
Time Ever, a Robotic Spacecraft Caught an Old Satellite and Extended Its
Life
Posted: 17 April
2020
Published FRI APR 17 2020-9:18 AM EDT
Michael Sheetz @THESHEETZTWEETZ
Intelsat's I
S-901
satellite is nearly 20 years old, and well beyond its expected lifespan,
but a small spacecraft built by Northrop
Grumman succeeded
in docking with the satellite and giving it another five years of
service, the companies announced on Friday.
The feat is a space industry first, as extending the life of spacecraft
already in orbit has only been done with human help before – such as the
Hubble telescope servicing missions conducted by NASA astronauts.
Northrop Grumman’s spacecraft MEV-1 successfully docked with IS-901 on
Feb. 25. Intelsat’s satellite was launched in June 2001 and was only
intended to serve for 13 years, providing communications services in the
Atlantic Ocean region. The satellite is in a fixed position above the
Earth in what is known as geosynchronous orbit – tens of thousands of
miles up to provide as wide a coverage area as effectively possible.
Intelsat
Seeks Bankruptcy Protection Fund for Sustainability
Posted: 15 April 2020
Intelsat S.A. I
is reportedly seeking the cushion of a bankruptcy loan to
sustain operations as its shares continue a steady
downtrend. The company expects that Chapter 11 bankruptcy
protection funding will enable it to tide over the storm
until billions of dollars are made available through public
auctioning of its C-band spectrum later this year.
Intelsat’s shares declined sharply in
November 2019 when investors resorted to panic selling as
the Federal Communications Commission (“FCC”) lent its
support to the Congress’ move to hold a public auction for
its C-band spectrum. The stock declined 67.1% in 2019,
making it the worst performer in the Zacks Satellite and
Communication industry.
Click
HERE
for
further details from
Yahoo/Zacks Equity Research
Shares closed today
$1.04/share
Why Intelsat's 5G Dreams Are Crashing to
Earth
Posted 14 April
2020
By Aaron PressmanApril 14, 2020, 2:30 PM EDTSatellite communications cmpany
Intelat is close to bankrptcy after a years-long gambit to profit
from selling some of its airwave licenses for 5G wireless networks
has fallen short.The company, responsible for
transmitting most programming for cable and broadcast netorks acros
the country ith its satellites, is lining up financing known as a
debtor-in-possession loan, used to maintain operations during a
Chapter 11 bankruptcy, Bloomberg reported on Tuesday. The
company had earlier hired investment bank PJT Partners and law firm
Kirkland & Ellis for a possible filing, Bloomberg noted.The rapid financial demis comes
after the Federal Communications Commission rejected a plan from
Intelsat and other satellite communications companies to et them
directly sell spectrum know as the C-band to wireless carriers that
could use the airwaves for 5G networks. Analysts said such a
sale could bring $30 billion to $50 billion in bids from telecom
companies desperate for more airwaves to use for superfast 5G
service.But the plan ignited heated and
bipartisan opposition in Congress to letting foreign-based satellite
companies collect such huge sums. among current C-band
holders, Intelsat and SES are legally based in Luxembourg, Telesat
is Canadian, and Eutelsat Communications is based in France.
Intelsat Seeks Bankruptcy Loan While
Awaiting Key Spectrum Sale
Posted 14 April
2020
By Katherine Doherty, Sridhar
Natarajan, and Allison McNeelyApril 13, 2020, 9:15 PM EDt
Updated on April 14, 2020, 10:02 AM EDT
Intelsat SA is seeking backers for a bankruptcy loan that would keep
the satellite service in business under Chapter 11 court protection
while it’s waiting for billions of dollars in proceeds from a government
spectrum auction. Its bonds led decliners in the high-yield market.
JPMorgan Chase & Co. is shopping the debtor-in-possession loan to
institutional investors, many of whom specialize in financial
restructuring, according to people with knowledge of the plans. The loan
of about
$750 million would help fund necessary improvements to Intelsat’s
spectrum ahead of the C-Band auction set to begin later this year.
No formal decisions have been made on the loan, said one of the
people. The situation remains fluid and plans could change, depending on
market conditions,
the people said. They asked not to be identified discussing the private
arrangements.
The company’s bonds fell Tuesday, with its 8.5% notes due 2024
dropping 4.8 cents on the dollar to 56.9 cents, according to Trace data.
Are Options Traders Betting on a Big Move
in Intelsat (I) Stock?
Posted: 27
March 2020
Investors in Intelsat
S.A. I need to pay close attention to the stock based on moves
in the options market lately. That is because the Jun 19, 2020 $3.00
Call had some of the highest implied volatility of all equity options
today.
What is Implied
Volatility?
Implied volatility shows how much movement the market is
expecting in the future. Options with high levels of implied volatility
suggest that investors in the underlying stocks are expecting a big move
in one direction or the other. It could also mean there is an event
coming up soon that may cause a big rally or a huge sell-off. However,
implied volatility is only one piece of the puzzle when putting together
an options trading strategy.
What do the Analysts
Think?
Clearly, options traders are pricing in a big move for
Intelsat shares, but what is the fundamental picture for the company?
Currently Intelsat is a Zacks Rank #3 (Hold) in the Satellite and
Communication industry that ranks in the Top 31% of our Zacks Industry
Rank. Over the last 60 days, no analysts have increased their earnings
estimates for the current quarter, while one analyst has revised the
estimate downward. The net effect has taken our Zacks Consensus Estimate
for the current quarter from a loss of $1.31 per share to a loss of
$1.13 in that period.
Click
HERE
for
further details from
Yahoo/Zacks Equity Research
Shares closed today $1.76/share
Intlesat (I)
Flat as Market Gains: What You Should Know
Posted: 26 March
2020
In the latest
trading session, Intelsat (I) closed at $1.92, marking no change from
the previous day. This change lagged the S&P 500's 6.24% gain on the
day. Elsewhere, the Dow gained 6.38%, while the tech-heavy Nasdaq added
5.6%.
Heading into
today, shares of the communications and satellite company had lost
55.56% over the past month, lagging the Computer and Technology sector's
loss of 17.19% and the S&P 500's loss of 21.22% in that time.
Wall Street will
be looking for positivity from I as it approaches its next earnings
report date. The company is expected to report EPS of -$1.13, down
29.89% from the prior-year quarter. Meanwhile, our latest consensus
estimate is calling for revenue of $488.36 million, down 7.59% from the
prior-year quarter.
Click
HERE
for
further details from
Yahoo/Zacks Equity Research
Shares closed today
$1.92/share
Intelsat (I)
Down 54.6% Since Last Earnings Report: Can it Rebound?
Posted: 21 March 2020
It has been about
a month since the last earnings report for Intelsat (I). Shares have
lost about 54.6% in that time frame, underperforming the S&P 500.
Will the recent
negative trend continue leading up to its next earnings release, or is
Intelsat due for a breakout? Before we dive into how investors and
analysts have reacted as of late, let's take a quick look at the most
recent earnings report in order to get a better handle on the important
catalysts.
Intelsat Q4 Loss
Narrower Than Expected, Revenues Fall
Intelsat reported relatively modest fourth-quarter 2019 results with
both the top and bottom line exceeding the respective Zacks Consensus
Estimate. However, revenues were down year over year as media revenues
declined due to the increasing importance of digital platforms content.
Click
HERE
for
further details from Yahoo/Zacks Equity
Research
Intelsat (I) Collaborating with SpaceX
for IS-40e Launch
Posted 18 March
2020
After the launch of Intelsat
S.A.’s
I 35e geostationary communications satellite (COMSAT), the
pioneer of space technology services is all set to launch
another high-throughput satellite into the space — Intelsat
40e (IS-40e). Equipped with best-in-class capabilities of
managed hybrid-connectivity, Intelsat has teamed up with a
space transportation services company — SpaceX — for the
launch.
Slated to be launched in 2022, IS-40e will be
manufactured by a leading space technology company — Maxar
Technologies Inc. MAXR. Markedly, the yet-to-be-launched
Intelsat satellite will be sent to its target orbit by
SpaceX’s much-acclaimed Falcon 9 launch vehicle.
Interestingly, this will be SpaceX’s second launch for
Intelsat, the first one being Intelsat 35e in 2017.
Click
HERE
for
further details from
Yahoo/Zacks Equity Research
Shares closed today
$1.625/share
Welcome New
Member
Posted: 15 March 2020
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
March 2020 Patrick Yeung
Implied
Volatility Surfing for Intelsat (I) Stock Options
Posted: 4 March
2020
WASHINGTON — The FCC says it will scrap a $9.7 billion
spectrum clearing incentive package approved last week if Intelsat and
SES don’t both agree to the terms.
Satellite operators Intelsat, SES, Eutelsat, Telesat and
Embratel Star One are eligible collectively to win up to $9.7 billion in
accelerated payments if they can clear 300 megahertz of C-band spectrum
by Dec. 5, 2023 — two years faster than the FCC’s deadline.
But according to a final plan the FCC released March 3,
companies eligible for at least 80% of the accelerated clearing payments
must participate in order for the program to proceed.
Eutelsat, Telesat and Embratel Star One only account for
9% of the accelerated clearing payments, meaning the FCC’s threshold
requires Intelsat and SES involvement.
Payment allocations set
The FCC is offering the $9.7 billion in accelerated
clearing payments to encourage satellite operators to vacate 300
megahertz of C-band spectrum more quickly to make way for cellular
networks’ 5G services. The clearing payments are in addition to
relocation costs, estimated at up to $5.2 billion in the FCC’s plan.
Relocation costs include buying new spacecraft, satellite dishes and
other equipment to continue offering service with less spectrum.
Intelsat is eligible for $4.87 billion in accelerated
clearing payments, up $13.6 million from the FCC’s original plan, but a
far cry from the $5.8 billion to $6.5 billion the company sought in
recent weeks.
FCC Releases
Final C-Band Offer
Posted: 4 March
2020
The FCC released
its final report and order on repurposing C-band spectrum for 5G on
Tuesday, slightly shifting the amounts that satellite operators can
receive in accelerated relocation payments to clear the spectrum
quickly.
The document was released after the FCC
voted 3-5 on Feb. 28 to repurpose the spectrum. Satellite
operators are required to clear the spectrum, and the FCC will hold a
public auction for licenses to that spectrum, starting Dec. 8 of this
year. Satellite operators with licenses for the spectrum will receive
both compensation for the cost to relocate the spectrum and accelerated
relocation payments to incentivize them to clear the spectrum quickly,
$9.7 billion total, divided between Intelsat, SES, Telesat, Eutelsat,
and Star
One.
WASHINGTON — The U.S. Federal Communications Commission on Feb. 28
voted to auction a large portion of C-band in December under a plan
that includes $9.7 billion in incentives to expedite relocating
satellite operators out of the spectrum to make way for high-speed
5G networks.
The agency’s five commissioners voted three to two in favor of the
plan, released three weeks ago, despite worries that the plan will
trigger litigation from disaffected companies or a rebuke from
Congress where lawmakers had sought to legislatively prescribe the
auction rules.
Central to the debate was whether the $9.7 billion in payments to
encourage satellite operators to fully vacate the spectrum two years
faster — in 2023 instead of 2025 — was appropriate, or legal.
Intelsat Still Burdened with Debit Even
if FCC Boosts Payout
Posted: 28 February
2020
By Todd Shields
Februrary 28, 2020,
4:00 AM EST
Satellite provider
Intelsat SA will still face a steep pile of debt even if it wins
bigger payouts for giving up spectrum in a vote Friday by
U.S. regulators that want the frequencies for fast 5G mobile
networks. The
Federal Communications Commission is scheduled to vote on Chairman
Ajit Pai’s
plan to pay satellite providers as much as
$9.7 billion for leaving the airwaves, with 50% of that, or
$4.85 billion, potentially going to Intelsat.
Luxembourg-based Intelsat in a
filing asked for 60% or more of the pot. Fellow satellite provider
SES SA, which also would give up airwaves, in a filing
said it should get as much as Intelsat, compared with 41% as
proposed by the FCC. Intelsat’s finances “may remain stressed even
with a large relocation payment” because core portions of its business
are deteriorating, Stephen Flynn, a Bloomberg Intelligence analyst, said
in a
Feb. 27 note. Earnings may decline next year, as some customers flee
and others renew contracts at lower rates, Flynn said.
Implied
Volatility Surfing for Intelsat (I) Stock Options
Posted: 27 February
2020
Investors in Intelsat
S.A. I need to pay close attention to the stock based on moves
in the options market lately. That is because the Mar 20, 2020 $5.00
Call had some of the highest implied volatility of all equity options
today.
What is
Implied Volatility?
Implied volatility shows how
much movement the market is expecting in the future. Options with high
levels of implied volatility suggest that investors in the underlying
stocks are expecting a big move in one direction or the other. It could
also mean there is an event coming up soon that may cause a big rally or
a huge sell-off. However, implied volatility is only one piece of the
puzzle when putting together an options trading strategy.
What do
the Analysts Think?
Clearly, options traders are
pricing in a big move for Intelsat shares, but what is the fundamental
picture for the company? Currently, Intelsat is a Zacks Rank #3 (Hold)
in Satellite and Communication industry that ranks in the Top 44% of our
Zacks Industry Rank. Over the last 60 days, no analysts have increased
their earnings estimates for the current quarter, while one analyst has
revised the estimate downward. The net effect has taken our Zacks
Consensus Estimate for the current quarter from a loss of $1.31 per
share to a loss of $1.10 in that period.
Click
HERE
for
further details from
Zacks Market Equity Research
Shares closed today $4.06/share
Telesat Sides
with SES Against Intelsat's Request for More C-Band Money
Posted: 27 February 2020
WASHINGTON — Telesat and SES are urging the U.S. Federal
Communications Commission to reject Intelsat’s request for a larger
share of the $9.7 billion in incentive payments the FCC plans to offer
satellite operators to hasten the clearing of C-band spectrum the United
States wants to repurpose for 5G cellular networks.
The FCC plans to
use proceeds from an upcoming C-band auction to incentivize satellite
operators to vacate the spectrum two years ahead of a 2025 deadline.
Auction proceeds would also be used to reimburse the cost of new
satellites and ground systems the operators will need to keep serving
C-band customers while yielding 300 megahertz spectrum to companies
building out U.S. 5G networks.
Under a proposal
the FCC released Feb. 7, Intelsat would be entitled to the largest share
of incentive payments. Intelsat has since asked the FCC to increase its
potential $4.85 billion share of the $9.7 billion to at least $5.8
billion, arguing that a 60-67% share is more in line with how much work
Intelsat needs to do to clear its swath of C-band by the end of 2023.
Northrup Grumman Successfully Completes
Historic First Docking of Mission Extension Vehicle with Intelsat 901
Satellite
Posted: 26 February 2020
Companies demonstrate groundbreaking satellite
life-extension service
DULLES, Va. –
Feb. 26, 2020 – Northrop Grumman Corporation (NYSE: NOC) and the
company’s wholly-owned subsidiary, SpaceLogistics LLC, have successfully
completed the first docking of the Mission Extension Vehicle-1 (MEV-1)
to the Intelsat 901 (IS-901) spacecraft in order to provide
life-extension services. This historic accomplishment marks the first
time two commercial satellites have docked in orbit and the first time
that mission extension services will be offered to a satellite in
geosynchronous orbit.
MEV-1, launched
Oct. 9, 2019, recently completed its orbit raising to an orbit
approximately 180 miles above geosynchronous orbit. IS-901 is a fully
operational communication satellite that is running low on fuel.
Intelsat (NYSE: I) removed 901 from service in December 2019,
transferring customers to other satellites in its extensive fleet, in
order to raise its orbit to the same altitude as MEV-1 in preparation
for docking. MEV-1 then completed the historic docking with IS-901 on
February 25 at 2:15 a.m. ET. The combined spacecraft stack will now
perform on-orbit checkouts before MEV-1 begins relocating the combined
vehicle to return IS-901 into service in early April.
“Our Mission
Extension Vehicle provides an innovative, satellite life extension
service,” said Tom Wilson, president, SpaceLogistics LLC. “Together,
Northrop Grumman, SpaceLogistics LLC and Intelsat have taken the first
step in pioneering in-space logistics services for both commercial and
government customers.”
WASHINGTON — SES is now arguing that it deserves as much
money as Intelsat to clear C-band satellite spectrum for 5G cellular
networks, following Intelsat’s solo effort last week to increase its
share of the FCC’s $9.7 billion fund.
Meanwhile, Eutelsat, a former partner of Intelsat, SES and Telesat in
the now fractured C-Band Alliance, is seeking around $1 billion more for
itself.
The FCC is scheduled to vote Feb. 28 on a plan that includes $9.7
billion to accelerate spectrum clearing by September 2023 instead of
2025 and that covers new satellites and other infrastructure needed to
continue services with less spectrum. The total amount for both is
around $14.9 billion, though the final tally could
be higher.
The FCC cautioned that its $3.3 billion to $5.2 billion price tag for
replacement infrastructure is just an estimate.
There's a 5G
Showdown Brewing. Intelsat Stock Could be a Casualty
Posted: 21 February
2020
Shares of Intelsat S.A. shot up 9.6% in
midday trading Thursday, paring earlier gains of as much as
19%, after the Luxembourg-based communications satellite
reported before the open a narrower-than-expected loss and
revenue that fell less than forecast. The net loss was
$115.0 million, or 81 cents a share, after a loss of $111.3
million, or 81 cents a share, in the year-ago period. The
FactSet consensus was for a net loss per share of 94 cents.
Revenue fell 4.8% to $517.0 million, above the FactSet
consensus of $500.9 million. Network services revenue fell
1% to $200.2 million, media revenue declined 9% to $210.6
million and government revenue fell 2% to $96.0 million. For
2020, the company expects revenue of $1.93 billion to $1.98
billion, compared with the FactSet consensus of $1.98
billion. The stock, which has now bounced 42% since it
closed at a 2-year low of $3.10 on Feb. 14, has still
plunged 38.3% over the past three months through Wednesday,
while the S&P 500 has gained 7.9%.
Click
HERE
for
further details from
Yahoo/MarketWatch.
Stocks closed today
$4.49/share
Intelsat (I) Q4
Loss Narrower Than Expected, Revenues Fall
Posted: 21 February 2020
Intelsat S.A. I
reported relatively modest fourth-quarter 2019 results with both the top
and bottom line exceeding the respective Zacks Consensus Estimate.
However, revenues were down year over year as media revenues declined
due to the increasing importance of digital platforms content.
Net Loss
On GAAP basis, net loss for the reported quarter was
$114.9 million or loss of 81 cents per share compared with loss of
$111.3 million or loss of 81 cents per share in the prior-year quarter.
The wider net loss was primarily due to lower revenues and higher
operating expenses. Net loss per share was, however, narrower than the
Zacks Consensus Estimate of loss of 99 cents.
In 2019, Intelsat recorded net loss of $913.6 million or
loss of $6.51 per share compared with loss of $599.6 million or loss of
$4.63 per share in 2018.
Click
HERE
for
further details from Yahoo/Zacks Equity
Research
Intelsat to FCC:
C-Band Alliance is Dead, We Deserve More Money?
Posted: 20 February
2020
WASHINGTON -- Intelsat on Feb. 19 urged the FCC to give the company at
least $1 billion more of $9.7 billion in proposed compensation for
clearning C-band spectrum for 5G networks and to treat the C-Band
Alliance Intelsat formed with rivals SES and Telesat as esentially dead.
Intelsat said it has more C-band revenue, capacity use
and satellite dishes in operation across the continental United States
than any other operator, and that it therefore deserves $5.8 billion to
$6.5 billion in accelerated clearing payments instead of the $4.85
billion offered under the U.S. Federal Communications Commission’s
proposed plan.
The company’s solo gambit, which earned a sharp rebuke
from SES and approval from investors, followed one day after hedge fund
Appaloosa of Short Hills, New Jersey, took a 7.4% stake in Intelsat for
the express purpose of compelling the company to demand more clearing
payments from the FCC.
Intelsat
Rift with SES Goes All 'Hunger Games' Before FCC Vote
Posted: 20 February 2020
(Bloomberg) --
Intelsat SA and SES SA , which had been allies in plans to give up
satellite airwaves, broke into a feud a week before the U.S. Federal
Communications Commission is scheduled to vote on a plan to compensate
the companies.
Intelsat said in
a filing with the agency that it believes it should get a greater share
of payments than the FCC has proposed. SES responded by calling it an
“egregious attempt” that was “both disappointing and legally
indefensible.”
The dispute has
“all gone a bit ‘Hunger Games,”’ Jefferies analyst Giles Thorne said in
a note to clients, as “one-time colleagues turn on each other.”
Intelsat rose as
much as 19% in New York trading after reporting fourth-quarter sales
that exceeded analyst expectations.
The satellite
companies have proposed giving up part of the airwaves they use to beam
TV and radio programs to stations, and to continue serving customers on
airwaves they retain. The swath at issue is known as the C-band, and
regulators are eager to free it to carry traffic for fast new 5G
networks.
Intsat's Stock Soars After Net Loss,
Revenue Beat Expectations
Posted: 20 February
2020
Shares of Intelsat S.A. shot up 9.6% in
midday trading Thursday, paring earlier gains of as much as
19%, after the Luxembourg-based communications satellite
reported before the open a narrower-than-expected loss and
revenue that fell less than forecast. The net loss was
$115.0 million, or 81 cents a share, after a loss of $111.3
million, or 81 cents a share, in the year-ago period. The
FactSet consensus was for a net loss per share of 94 cents.
Revenue fell 4.8% to $517.0 million, above the FactSet
consensus of $500.9 million. Network services revenue fell
1% to $200.2 million, media revenue declined 9% to $210.6
million and government revenue fell 2% to $96.0 million. For
2020, the company expects revenue of $1.93 billion to $1.98
billion, compared with the FactSet consensus of $1.98
billion. The stock, which has now bounced 42% since it
closed at a 2-year low of $3.10 on Feb. 14, has still
plunged 38.3% over the past three months through Wednesday,
while the S&P 500 has gained 7.9%.
Click
HERE
for
further details from
Yahoo/MarketWatch.
Intelsat (I) came
out with a quarterly loss of $0.81 per share versus the Zacks Consensus
Estimate of a loss of $0.99. This compares to loss of $0.91 per share a
year ago. These figures are adjusted for non-recurring items.
This quarterly
report represents an earnings surprise of 18.18%. A quarter ago, it was
expected that this communications and satellite company would post a
loss of $1 per share when it actually produced a loss of $1.05,
delivering a surprise of -5%.
Over the last
four quarters, the company has surpassed consensus EPS estimates just
once.
Intelsat, which
belongs to the Zacks Satellite and Communication industry, posted
revenues of $516.95 million for the quarter ended December 2019,
surpassing the Zacks Consensus Estimate by 3.60%. This compares to
year-ago revenues of $542.77 million. The company has topped consensus
revenue estimates three times over the last four quarters.
Click
HERE
for
further details from
Yahoo/Zacks Equity Research
Intelsat
Announces Fourth Quarter and Full-Year 2019 Results
Posted: 20 February 2020
Fourth quarter revenue of $517 million; full-year
2019 revenue of $2,061 million
Fourth quarter net loss attributable to Intelsat S.A.
of $115 million; full-year 2019 net loss attributable to Intelsat
S.A. of $914 million
Fourth quarter Adjusted EBITDA of $371 million or 72
percent of revenue; full-year 2019 Adjusted EBITDA of $1,481 million
or 72 percent of revenue
Intelsat issues 2020 Guidance
Intelsat S.A.
(NYSE: I), today announced financial results for the three months and
full-year ended December 31, 2019.
Intelsat reported
total revenue of $517.0 million and net loss attributable to Intelsat
S.A. of $115.0 million for the three months ended December 31, 2019. For
the year ended December 31, 2019, Intelsat reported total revenue of
$2,061.5 million and net loss attributable to Intelsat S.A. of $913.6
million.
Click
HERE
for
further details from Yahoo Finance/Business Wire.
Can David Tepper
Aid Intelsat (I) to Rebound from 2-Year Low?
Posted: 19
February 2020
Intelsat S.A.’s
I shares soared 25.8% yesterday as Appaloosa Management, the
hedge fund firm overseen by famed billionaire investor David
Tepper, announced that it has acquired 2.9 million shares of
the satellite and communication services provider. This is
likely to offer significant boost to the beleaguered company
that tanked 83.8% in the past year and recorded an abysmal
low of $2.61 on Feb 5, 2020.
What Triggered the Plunge?
Intelsat shares declined sharply in November
last year when investors resorted to panic selling as the
Federal Communications Commission (“FCC”) lent its support
to the Congress’ move to hold public auction for its C-band
spectrum. The stock declined 67.1% in 2019, making it the
worst performer in the Zacks Satellite and Communication
industry.
Click
HERE
for
further details from
Yahoo/Zacks Equity Research
Shares closed
today $4.01/share
Intelsat Revises
IS-29e Replacement Plan, Preps Second-Gen Epic Order
Posted: 17 February
2020
WASHINGTON -- Intelsat has abandoned plans to order a
one-for-one replacement for the Intelsat-29e satellite that failed last
year and will rely instead on leased capacity, a borrowed satellite, and
the newly ordred Intelsat-40e spacecraft to fill a overage gap over
North and South America.
Intelsat said last summer it intended to award a contract
by the end of 2019 for a direct replacement for the three-year-old
Intelsat-29e satellite. The global satellite fleet operator now says the
Intelsat-40e satellite recently ordered from Maxar Technologies will
serve as a partial replacement for IS-29e. The rest of the gap will be
covered by a borrowed Hispasat satellite and capacity leased from
competitor SES and other satellite operators.
Intelsat-29e was the first Epic-series high-throughput
satellite in Intelsat’s fleet, and carried 10 times the capacity of
earlier satellites. Its mission came to an abrupt end in April when it
suffered a catastrophic fuel leak Intelsat still believes was caused by
a micrometeoroid impact or an ill-timed electrostatic discharge
triggered by unfavorable solar weather.
Forrester
Reports: February 21 is D-Day for the FCC's C-Band Decisions
Posted: 13 February 2020
Chris Forrester at the Advanced
Television infosite is reporting that the FCC’s
order on its $9.7 billion proposal will be determined on February 28,
with a D-Day meeting of the full Commission.
Prior to that assemblage, the
participants and stakeholders have until February 21 to make their
comments. There will be an enforced ‘quiet period’ between the 21st and
28th of the month.
Meanwhile, the three main
participants will hold their results announcements (Eutelsat on February
14, Intelsat on February 18 and SES on February 25), where some fresh
newsflow might be generated. The key players are near-silent other than
to stress that hard work is going on behind the scenes.
SES, for example, repeated their
comments from a week ago, and stated, "We are overall pleased
with the draft order and thank the FCC for their work. Some elements of
the draft order require more discussions with the FCC. This includes,
for example, technical parameters, deadlines for clearing, penalties for
late clearing or timing of fund availability.”
Intelsat also seems relaxed
enough other than to say that due diligence is absolutely necessary and
that – as ever – the devil is in the detail. “Each company—including
C-band customers—has to read what is proposed and determine if the terms
stated for the transition are set up so that we can ensure we can be
successful, and as importantly, not impede the services that we continue
to provide to our customers throughout the transition,” said
Intelsat.
Earnings
Preview: Intelsat (I) Q4 Earnings Expected to Decline
Posted: 12 February
2020
Wall Street
expects a year-over-year decline in earnings on lower revenues when
Intelsat (I) reports results for the quarter ended December 2019. While
this widely-known consensus outlook is important in gauging the
company's earnings picture, a powerful factor that could impact its
near-term stock price is how the actual results compare to these
estimates.
The earnings
report might help the stock move higher if these key numbers are better
than expectations. On the other hand, if they miss, the stock may move
lower.
While the
sustainability of the immediate price change and future earnings
expectations will mostly depend on management's discussion of business
conditions on the earnings call, it's worth handicapping the probability
of a positive EPS surprise.
The Space Industry's B.S. Problem
Posted: 11
February 2020
A space industry flush with startups and easy money struggles to tamp
down all the B.S.
At a meteorology conference, a space industry consultant
asked if I'd heard the news. He claimed the National Oceanic and
Atmospheric Administration canceled plans to buy commercial weather
satellite data. Since I hadn't heard, I checked with NOAA
officials who confirmed my suspicion. It wasn't true.
Journalists have always looked for sources to trust and
clues to help separate fact from fiction, but it's never been more
daunting than in this period of rapid change for the space industry.
Startups make bold claims about their current technology, on-orbit
performance and future prospects. Industry veterans, meanwhile,
patiently explain why the claims are unrealistic or physically
impossible. Neither side has a monopoly on candor. In the
last couple of years, SpaceNews reporters have been warned of
exaggerated test results, forged documentation and a padded resume.
We've heard creative explanations for projects canceled or delayed.
An entrepreneur told a reporter the firm's launch was on
hold because the launch vehicle operator was having trouble finding
additional passengers to share the flight. The launch vehicle
operator offered a different explanation: the startup couldn't pay
for the flight.
Intelsat
Gets Downgraded Again Because $5
Billion Doesn't Fix Everything
Posted: 10 February
2020
Satellite operator
Intelsat
S.A. has been
downgraded by another Wall Street analyst, after investors learned
that a lump-sum payment linked to the U.S.’s transition to 5G won’t
measure up to their initial hopes.
Raymond James downgraded the stock (ticker: I) to
“Market Perform,” the equivalent of hold, from “Outperform,” the firm’s
second-strongest buy rating. The shares were down 8% in early Monday
trading.
Intelsat could get up to $4.9 billion in incentive
payments for meeting a three-year deadline to relocate satellites as
part of the U.S.’s transition to 5G, according to a
draft order released Friday by the Federal Communications
Commission.
But the company has nearly $15 billion of debt,
and analysts at J.P. Morgan Chase say it faces a “challenged
business.” Investors were initially
hoping for a payout of up to $24 billion for Intelsat.
Intelsat Stock
Falls as Anaylst Sees 'Little Hope' for Investors after FCC's 5G
Spectrum Proposal
Posted: 8 February 2020
J.P. Morgan turns bearish, sees ‘little to no’ value in the shares after
FCC Chairman Pai’s plan to free up C-band spectrum for 5G
Shares of
Intelsat S.A. took a tumble Friday, after J.P. Morgan analyst Philip
Cusick said Federal Communications Commission Chairman Ajit Pai’s
proposal to quickly free up spectrum for 5G networks leaves “little
hope” for equity investors.
Cusick downgraded
the Luxembourg-based satellite services company to a rare underweight
rating, after being at neutral the past three months, and at overweight
for seven months before that. He removed his price target of $9, writing
in a note to clients that “we see little to no fundamental equity value
in shares” given Pai’s proposal.
Only 15% of
companies covered by J.P. Morgan analysts are rated underweight, while
41% are rated neutral and 45% are rated overweight.
The stock I,
+0.27% slid as much as 155% intraday, before paring some losses to be
down 9.4% in active midday trading.
Intelsat Reaches Deal with the FCC on
C-Band Airwaves
Posted: 6 February
2020
(Bloomberg) -- Intelsat SA and other satellite providers
would share as much as $14.9 billion under a proposal from federal
regulators to compensate them for giving up airwaves in an auction to
wireless companies.
The U.S. Federal Communications Commission announced
Thursday a plan that would provide $9.7 billion in compensation to
Intelsat, SES SA and other companies if they hit deadlines for leaving
the airwaves quickly, and another $3.3 billion to $5.2 billion to pay
for costs of making the switch.
“It’s only fair that every single reasonable cost should
be covered,” FCC Chairman Ajit Pai said Thursday.
At stake is what portion of auction proceeds, projected
to reach tens of billions of dollars, should go to satellite providers
including Intelsat and SES, both based in Luxembourg, and Eutelsat SA.
The satellite companies have proposed giving up part of
the airwaves they use to beam TV and radio programs to stations, and to
continue serving customers on airwaves they retain. The swath at issue
is known as the C-band, and regulators are eager to free it to carry
traffic for fast new 5G networks.
Intelsat
Responds to Remarks of FCC Chairman Ajit Pai in C-Band Proceeding
Posted: 6 February
2020
Incentive clearing payments to certain satellite operators to total $9.7
billion, exclusive of clearing costs
Draft Order expected on 7 February 2020
Intelsat (NYSE:
I) today responded to remarks delivered by Federal Communications
Commission ("FCC") Chairman Ajit Pai at an industry event hosted by the
Information Technology and Innovation Foundation in Washington, D.C. The
Chairman’s commentary previewed the key elements of a highly anticipated
draft order in the C-band proceeding in which Intelsat has been an
active participant since 2017. Once issued, the draft order is expected
to detail the FCC’s approach to clearing C-band spectrum to enable rapid
and nationwide 5G network deployment in the U.S.
Intelsat CEO
Steve Spengler said, "The issuance of the draft order represents a
significant milestone in a process that we began in 2017. We look
forward to reviewing the draft order, once issued, to place Chairman
Pai’s comments in full context. We note with appreciation the hard work
of all stakeholders to get to this juncture, and the work to come
leading up to the Commission’s vote on February 28, 2020."
Debt Tantrum From Space Forces U.S. Hand
in 5G Race
Posted: 6 February 2020
(Bloomberg Opinion) -- A messy
situation risked becoming irreversibly messier.
The $35 billion(1)fight over
fifth-generation mobile spectrum involves the Federal Communications
Commission; a handful of foreign-domiciled satellite operators that
think they deserve the bulk of the proceeds (at least one of which
desperately needs the money); the U.S. national wireless services
providers that want the bandwidth as soon as possible; and a host of
politicians keen for American taxpayers to get what they see as their
rightful due.
Then, just before FCC Chairman
Ajit Pai’s Thursday announcement on how things should go down, one of
those players appeared to threaten to throw a temper tantrum if it
didn’t get its way. Luxembourg-based Intelsat SA was considering a
possible Chapter 11 bankruptcy filing if the regulators doesn’t increase
the compensation it receives for giving up some of its airwaves,
according to a Wednesday report by my Bloomberg News colleague Todd
Shields.
FCC Chairman
Backs $9.7 Billion in Incentive Payments to Satellite Firms to Shift
Spectrum
Posted: 6 February
2020
By David Shepardson
WASHINGTON (Reuters) - Federal Communications Commission
Chairman Ajit Pai on Thursday proposed $9.7 billion in incentive
payments to accelerate the freeing up of spectrum in the key C-band by
shifting existing satellite users.
The telecommunications regulator had told lawmakers last
month it was considering proposing "single-digit billions" in payments.
Major satellite firms, including Intelsat SA, are expected to back Pai's
proposal to shift them to different parts of the spectrum band. FCC
officials told reporters they were optimistic of agreement.
Pai said in a speech on Thursday he backed the
accelerated relocation payments to "make available the C-band for 5G
deployment as quickly as possible" and to "align the satellite
companies’ private interests with the public interest."
Intelsat Holders
Ponder Cryptic FCC Tweet Hours Before Decision
Posted: 5 February 2020
(Bloomberg) -- A cryptic tweet
by Federal Communications Commissioner Brendan Carr is adding mystery to
the Intelsat SA drama as FCC Chairman Ajit Pai is expected to unveil the
agency’s plans for C-band airwaves on Thursday.
Some investors speculated what
Carr meant when he said “a lot can change in 24 hours.” When reached by
email, Carr told Bloomberg it “was just a waffle tweet” and had “no more
meaning.”
Pai is set to announce plans for
an auction of C-band spectrum and a key issue is how much to pay
satellite providers including Intelsat and SES SA. New Street Research
said Wednesday that there’s a significant chance the C-Band Alliance
“walks out of the process” should Pai choose a fixed payment auction
that gives the group less than $16 billion.
Intelsat
has reportedly hired law firm Kirkland & Ellis to consider a
possibe Chapter 11 bankruptcy if U.S. regulators don't increase the
company's compensation for C-band spectrum, Bloomberg Law reports.
Intelsat told Via Satellite
on Wednesday that it will not comment on rumor, and Kirkland & Ellis did
not respond to a request to comment. Intelsat's stock closed at
$3.72 per hare on Wednesday after opening at $4.00 per share Wednesday
morning.
Intelsat
Weights Chapter 11 Among Options on C-Band Plan
Posted: 5 February 2020
(Bloomberg) --
Intelsat SA is considering a possible Chapter 11 bankruptcy filing if
U.S. regulators don’t increase the amount of compensation the company
would receive for giving up some of its airwaves, a person close to the
company said.
Intelsat has
hired bankruptcy experts at Kirkland & Ellis LLP to prepare for possible
restructuring, said the person who spoke on condition of anonymity
because the matter isn’t public.
Intelsat plunged
as much as 34% to $2.61 before trading was paused for volatility.
Intelsat bonds led high-yield declines, as its 9.5% notes due in
February 2023 fell 12.3 cents on the dollar to about 50 cents, yielding
about 39%.
The Chapter 11
filing would delay the U.S. Federal Communications Commission plan to
move forward with an auction of the so-called C-band airwaves because
Intelsat assets would be entangled in court proceedings, the person
said.
Intelsat Stock
Has Been Diving in a 5G Free-for-All. One of Its Bonds Could be a Winner
Posted: 4 February 2020
Less than a year ago, the stock became popular with hedge funds.
While it had (and has) unusually high leverage, investor thought
Intelsat could earn a windfall -- as much as $24 billioin -- from an
auction of spectrum expected to be used for 5G, known as the "C-Band."
Luxembourg-based Intelsat (I) and a handful of other satellite operators
had formed a trade group call the C-Ban Alliance to lobby for a private
sale.
But analysts started to point out that satellite operators' rights to
sell C-Band spectrum were somewhat enuous. Then one C-Band
Alliance member dropped out and promoted its own auction plan. In
Mid-November, Federal Communications Commission Chair Ajit Pai said he
wanted to hold a public auction of C-Band spectrum, leading investors to
scale back their estimates for auction proceeds. Pai will announce
details of the FCC's auction plan in a Thursday speech.
Maxar Technology Will Build
Next-Generation Intelsat Epic Geostationary Communications Satellite
with NASA Hosted Payload
Posted: 3 February
2020
WESTMINSTER, Colo. & MCLEAN, Va.--(BUSINESS
WIRE)--Intelsat
(NYSE: I) has selected Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a
trusted partner and innovator in Earth Intelligence and Space
Infrastructure, to manufacture Intelsat 40e, a next-generation
geostationary communications satellite scheduled to launch in 2022.
Maxar will integrate NASA’s Tropospheric Emissions: Monitoring of
Pollution (TEMPO)
payload with the Intelsat 40e satellite.
“When it’s launched, Intelsat 40e will be the newest
addition to our next-generation Intelsat
Epic platform,
which is already providing our global customers with flexible,
high-performance connectivity they can count on today – and in the
future,” said Intelsat CEO Stephen Spengler. “Intelsat continuously
invests in innovative new satellite and hybrid technologies that make it
easy and affordable for our customers to connect people, devices and
networks, even in the most remote locations. We look forward to
partnering with Maxar on this next build.”
Intelsat - 15%
as Barclays Sets New Low Target
Posted: 30 January 2020
Intelsat (NYSE: I) has tumbled
14.8% premarket after Barclays slashes its price target to a Street low.
The firm reduced its target to
$3.90 from a previous $20 in the wake of Senate action that could place
a limit on payouts to C-band spectrum holders in an auction of the
airwaves. That new target implies 3.2% upside.
Click
HERE
for
further details from
seekingalpha.com
Shares closed today $3.10/share
Why Intelsat
Stock Dropped 23% Today
Posted: 29 January
2020
The Senate could be preparing to
confiscate Intelsat's C-Band wealth.
Rich Smith (TMFDitty)
Jan 29, 2020 at 11:49AM
What
happened
Shares of satellite
communications company Intelsat (NYSE:I),
which got walloped last year for a
67% loss, are taking it on the chin again Wednesday. Down 24.2% as
of 10:40 a.m. EST, Intelsat is currently the worst-performing stock on
the NYSE, literally.
You can thank the United States
Senate for that.
So what
As Multichannel
News reports this morning, the Senate is currently working on a
version of the proposed Spectrum Management and Reallocation for
Taxpayers (SMART) Act, which would require Intelsat and its
satcom peers Telesat and Loral
Space & Communications to hold a public auction allowing 5G
internet providers to bid on about 300 megahertz of their current
C-band satellite spectrum.
Because a public auction would
almost certainly take longer to organize than a private auction (which
the o-called C-Band Alliance would prefer), this already bad news for
Intelsat. But worse than that, the SMART Act reportedly plans to
cap the proceeds Intelsat, Telesat, and Loral might reap from the
auction at just $1 billion.
Click
HERE
for
further details from The
Motley Fool
Shares closed today $3.77/share
C-Band Alliance
Pegs Satellite Spectrum Clearing Costs at $3.3 Billion
Posted: 29 January 2020
WASHINGTON — The C-Band Alliance said it will cost Intelsat, SES and
Telesat $3.3 billion to clear 300 megahertz of C-band spectrum for U.S.
5G wireless networks without leaving satellite-dependent television
broadcasters in a lurch.
The C-Band Alliance released the new cost figure earlier this week just
ahead of a bipartisan group of U.S. senators introducing legislation
that would cap how much the satellite industry could receive under the
C-band auction the Federal Communications Commission hopes to initiate
by the end of the year.
The C-Band Alliance, which Intelsat, SES, Eutelsat and Telesat formed in
2018 to convince the FCC to let them sell some of their satellite
spectrum to bandwidth-hungry 5G network operators and keep the proceeds,
are still hoping to have these and other transition costs covered
despite the FCC’s November decision to run a public spectrum auction
instead.
We have lost
contact with these members below. If you have any information on
how to contact them, please send us an EMail at:
info@myiraa.comm
John Crispin Mary Helms Lee Huffman
Etam Earth
Station for Sale
Posted: 20 January 2020
Here is a link below to an
article which appeared in The Dominion Post of North-Central, WVA, about
Etam earth station being visited by a representative from an
international satellite company which may be interested in buying the
historic earth station.
Click
HERE for
further details from The Dominion Post
Introducing
Intelsat (NYSE: I), The Stock That Zoomed 164% In The Last Three Years
Posted: 15 January 2020
Intelsat
S.A. (NYSE:I)
shareholders might understandably be very concerned that the share price
has dropped 72% in the last quarter. But that doesn't change the fact
that the returns over the last three years have been very strong. In
fact, the share price is up a full 164% compared to three years ago.
After a run like that some may not be surprised to see prices moderate.
The fundamental business performance will ultimately dictate whether the
top is in, or if this is a stellar buying opportunity.
Given that Intelsat didn't make
a profit in the last twelve months, we'll focus on revenue growth to
form a quick view of its business development. Generally speaking,
companies without profits are expected to grow revenue every year, and
at a good clip. That's because it's hard to be confident a company will
be sustainable if revenue growth is negligible, and it never makes a
profit.
Click
HERE
for
further details from Simply Wall StreetYahoo Finance
Shares closed today $7.03/share
C-Band Analyst
Says Spectrum Auction May Net $50 Billion
Posted: 6 January 2020
By Kamaron Leach
January 6, 2020, 3:46 PM EST
Updated on January 6, 2020, 5:33 PM EST
Robust demand for mid-band
spectrum across the globe could prove a key indicator that some
investors may be undervaluing the C-band opportunity in the U.S.
According to New Street Research, a domestic C-Band spectrum sale could
find satellite operators conservatiely netting proceeds of about $50
billion. That positive view stems from Taiwan's recent auction of
the 3.5GHz band, where New Street said the bids were "blowing away
expectations."
At hand is the international
race among governmental bodies to become the leadr of 5G, and in the U.S
investors backing the C-Band Alliance want top dollar for giving up it
frequencies to enable the technology. But when Federal Communications
Commission Chairman Ajit Pai rejected the group's long-sought-after
hopes of a private auction in November, investors were left perplexed at
what Intelsat SA and SES SA could reap from a public sale of the
airwaves.
Argument
Preview: Are fiduciaries of defined-benefit pension plans that meet
minimum funding criteria protected from lawsuits for fiduciary
breach?
Posted: 7 January 2020
Dana Muir Guest
Posted Mon, January 6th 2020 1:00 pm
James Thole and Sherry Smith are participants and
beneficiaries in U.S. Bancorp’s defined-benefit pension plan. Prior
to the 2008 financial crisis, plan fiduciaries invested 100 percent
of the plan’s assets in equities. Thole and Smith allege that the
aggressive investment portfolio caused the plan to lose $748 million
more during the crisis than it would have lost had the assets been
appropriately diversified. As a result of the losses, the plan’s
assets fell to 84 percent of the minimum funding level required by
the Employee Retirement Income Security Act. Thole and Smith also
argue that the decision to invest approximately $1.2 billion of plan
assets in mutual funds offered by a subsidiary wholly owned by U.S.
Bancorp was made to benefit U.S. Bancorp, and caused the plan to pay
higher investment fees than it would have paid for similar mutual
funds offered by other firms.
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
December
2019
Chi-Ping Siu
How Did Intelsat
(I) Compare Against Hedge Fund Darlings in 2019?
Posted: 25 December 2019
We are still in an overall bull market and many stocks that smart money
investors were piling into surged in 2019. Among them, Facebook and
Microsoft ranked among the top 3 picks and these stocks gained 57% each.
Hedge funds’ top 3 stock picks returned 44.6% this year and beat the S&P
500 ETFs by nearly 14 percentage points. Investing in index funds
guarantees you average returns, not superior returns. We are looking to
generate superior returns for our readers. That’s why we believe it
isn’t a waste of time to check out hedge fund sentiment before you
invest in a stock like Intelsat S.A. (NYSE:I).
Click
HERE for
further details from Insider Monkey
Intelsat (I) Tanks in 2019: A Value Stock
or a Value Trap?
Posted: 24 December 2019
Shares of Intelsat
S.A. (I- Free
Report)
have declined 68.1% so far (as of Dec 23, 2019), making it the worst
performer within the Zacks Satellite
and Communication industry.
The decline was primarily triggered by the Federal Communications
Commission’s (“FCC”) support for the purported move by the Congress to
hold public auction for its C-band spectrum.
The Downfall Trigger
Intelsat, along with some other satellite providers, had decided to sell
some of the airwaves in the 3.7 gigahertz-to-4.2 gigahertz area of
spectrum – widely known as the C-band – in a private auction to raise
cash and repay debt. The airwaves acquired over the years were mostly
used by these firms to deliver videos to TV stations and were considered
as surplus resources. Moreover, the coveted spectrum was much in demand
by telecom carriers for the deployment of 5G networks and offered a huge
opportunity to rake in large sums of money.
Intelsat (I) Catches Eye:Stock Jumps 8.9%
Posted: 19 December 2019
Intelsat S.A. (I - Free
Report) was a big mover last session, as the
company saw its shares rise nearly 9% on the day. The move came on solid
volume too with far more shares changing hands than in a normal session.
This stock, which remained volatile and traded within the range of
$5.96–$7.12 in the past one-month time frame, witnessed a sharp increase
yesterday.
The company has seen no changes when it comes to estimate revision over
the past few weeks, while the Zacks Consensus Estimate for the current
quarter has also remained unchanged. The recent price action is
encouraging though, so make sure to keep a close watch on this firm in
the near future.
Intelsat's Battered Investors Defy Risk
with Bets on C-Band Sale
Posted: 16 December 2019
(Bloomberg) -- A catastrophic
November for Intelsat SA hasn’t scared off bulls clinging to hopes the
satellite operator will score a big payday selling wireless spectrum to
cell phone companies.
Despite losing more than
three-quarters of its value last month after being dealt a blow by the
Federal Communications Commission, nearly half of Intelsat analysts
tracked by Bloomberg still have buy ratings.
At the heart of their optimism
is a belief the market is taking too dim a view of the company’s
prospects to cash in on the sale of so-called C-band radio spectrum,
which it controls -- or thought it did. Satellite operators suffered an
interstellar sucker punch last month when the FCC got in the way of
their plan to sell the bandwidth directly to mobile phone operators,
raising the prospect of a public auction process in which the government
gets almost all the money.
Option Traders
Expect Huge Moves in Intelsat (I) Stock
Posted: 11 December 2019
Investors in Intelsat S.A. (I - Free
Report) need to pay close attention to the
stock based on moves in the options market lately. That is because the
Jan 17, 2020 $7.00 Call had some of the highest implied volatility of
all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in
the future. Options with high levels of implied volatility suggest that
investors in the underlying stocks are expecting a big move in one
direction or the other. It could also mean there is an event coming up
soon that may cause a big rally or a huge sell off. However, implied
volatility is only one piece of the puzzle when putting together an
options trading strategy.
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HERE
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further details from
Zacks Equity Research
Shares closed today
$6.35/share
Why is
Intelsat (I) Down 75.3% Since Last Earnings Report?
Posted: 27 November 2019
A month has gone by since the
last earnings report for Intelsat (I). Shares have lost about 75.3% in
that time frame, underperforming the S&P 500.
Will the recent negative trend
continue leading up to its next earnings release, or is Intelsat due for
a breakout? Before we dive into how investors and analysts have reacted
as of late, let's take a quick look at its most recent earnings report
in order to get a better handle on the important drivers.
Intelsat Q3 Loss Wider Than
Expected, Revenues Down Y/Y
Intelsat reported lackluster third-quarter 2019 results, wherein the top
line decreased year over year.
Click
HERE for
further details from Zacks Equity Research
Shares closed today
$6.08/share
Intelsat Recognized with
SD-WAN-Over-Satellite "Service Implementation of the Year" Award
Posted: 27 November 2019
MCLEAN,
Va.--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE:
I) announced its “SD-WAN over Satellite Access” demonstration won the
2019 Service Implementation of the Year award at the Metro Ethernet
Forum (MEF) 3.0 Proof-of-Concept Showcase in Los Angeles last week. The
annual event, hosted by international industry consortium MEF, focuses
on the interoperability of connectivity services and brings carriers and
technology providers together to showcase innovative real-world
applications of the MEF 3.0 interoperability framework.
How America
Can Still Win the Race to 5G Wireless Technology
Posted: 26 November 2019
The
Federal Communictions Commission has thrown a curveball into the global
race for deployment of 5G - the much-anticipated fifth generation of
cellular and wireless technology. FCC Chairman Ajit Pai has
announced his support for a government-run auction of an underutilized
500-megahertz space on the electronic spectrum that cellphe carriers
like AT&T and Verizion need to deliver 5G wireless services.
It had
been widel believed that this valued spectrum now under lease by the
satellite companies and others would be transferred to the cellular
communications compaines through a uasi-privte auction. The
revenues from this uaction of unused spectrum rights are estimated at
between $10 billion and $30 billion.
Intelsat
shares (ticker: I) plunged to just over $6 on Tuesday, after declining
for the past two weeks from $24 amid a still unfolding discussion about
how best to transfer control a 280 MHz slice of the 500 MHz of C-Band
radio spectrum now controlled by Intelsat and three other satellite
communications firms to telecommunications carriers for use in 5G
wireless networks.
Intelsat
and two other companies in a group called the C-Band Alliance had
proposed holding a private auction to expedite the sale process; the FCC
has decided instead to do a public auction under rules yet to be
determined.
Buy Intelsat
Stock Because Its Price Has Dropped Far Enough, Analyst Says
Posted: 20 November 2019
Intelsat
shares were on the mend following the satellite company's recent 75%
swoon, after Raymond James analyst ard Prentiss lifted his rating on the
stock on Wednesday to Outperform from Market Perform, with a target
price of $12.
Intelsat
shares (ticker: I) plunged to just over $6 on Tuesday, after declining
for the past two weeks from $24 amid a still unfolding discussion about
how best to transfer control a 280 MHz slice of the 500 MHz of C-Band
radio spectrum now controlled by Intelsat and three other satellite
communications firms to telecommunications carriers for use in 5G
wireless networks.
Intelsat
and two other companies in a group called the C-Band Alliance had
proposed holding a private auction to expedite the sale process; the FCC
has decided instead to do a public auction under rules yet to be
determined.
Analyst
Upgrades Intelsat's Stock Following 75% Decline
Posted: 20 November 2019
Intesat SA (NYSE: I)
shares have taken a beating in the past week, plummeting more than 70%
on concerns related to the Federal Communications Commission opting for
a public auction of the company's C-band spectrum. Fortunately for
Intelsat investors, one Wall Street analyst said the sell-off has
created a buying opportunity.
The Analyst
Raymond James analyst
Ric Prentiss upgraded
Intelsat from Market Perform to Outperform and set a $12 price target.
The Thesis
Prentiss said Intelsat shares
have been hit by a one-two punch of the FCC decision for a public
spectrum auction and then a Senate bill suggesting the U.S. Treasury
would take at least 50% of the auction proceeds.
However, a new House bill calls
for the Treasury to get only 25% of the proceeds.
“Plus some previous FCC run
spectrum auctions have included government stakes of ~20-40% and we
think that is a more likely final outcome as a 50% or higher stake would
probably result in litigation from the satellite operators and ties the
spectrum up in court instead of hanging on towers providing much needed
5G capacity,” Prentiss wrote in a note.
Given the extreme pullback in
Intelsat shares, he said the risk-reward balance is now skewed to the
upside.
Intelsat Stock Bounces After Recent
'Dramatic' Pullback Turns Raymond James Bullish
Posted: 20 November 2019
Shares of Intelsat S.A. jumped 13% in premarket trading Wednesday,
bouncing after a 55% plunge in two days, after Raymond James analyst Ric
Prentiss turned bullish on the satellite communications company, citing
improved valuation after the "dramatic" pullback. Prentiss raised his
rating to outperform from market perform, and set a stock price target
of $12, which is nearly double Tuesday's closing price of $6.09. The
stock's plunge this week, and the 76% selloff so far this month, after
the FCC chose a public auction for 5G spectrum over a private auction,
and a Senate committee followed by introducing a bill Monday requiring
at least 50% of the proceeds from the auction go to the U.S. Treasury.
Prentiss said a final outcome of 50% going to Treasury was unlikely, as
it would "probably" lead to litigation, and given previous FCC-run
spectrum auctions have included government stakes of about 20% to 40%.
Therefore, "given the recent dramatic pullback," he believes the
risk-vs.-reward profile is now "more interesting." The stock has tumbled
71.5% year to date through Tuesday, while the S&P 500 has gained 24.5%.
Intelsat Shares
Tank on FCC Call for Public Spectrum Auction
Posted: 20 November 2019
Intelsat S.A.’s
I shares declined sharply yesterday as the Federal Communications
Commission (“FCC”) lent its support for the purported move by the
Congress to hold public auction for its C-band spectrum. The stock has
tanked 56.6% in the past two days as investors resorted to panic
selling.
Intelsat, along with some other satellite providers, had decided to sell
some of the airwaves in the 3.7 gigahertz-to-4.2 gigahertz area of
spectrum – widely known as the C-band – in a private auction to raise
cash and repay debt. The airwaves acquired over the years were mostly
used by these firms to deliver videos to TV stations and were considered
as surplus resources. Moreover, the coveted spectrum was much in demand
by telecom carriers for the deployment of 5G networks and offered a huge
opportunity to rake in large sums of money.
Click
HERE
for
further details from
Zacks Equity Research
The Catch-22 in
a $50 Billion 5G Airwaves Fight
Posted: 19 November 2019
(Bloomberg Opinion) -- There’s
been a lot of drama lately in the wireless world concerning 5G and
something called C-band. To most people, all the news headlines have
probably looked like a foreign language. But allow me to translate for
you, because it’s a fascinating situation that has sparked a
transnational fight over some $50 billion, while presenting advocates of
President Donald Trump’s “America First” policy with a catch-22. The
outcome may have far-reaching implications for the U.S. in the global
race to 5G, and it certainly does for a pair of beaten-down European
stocks.
At the root of the drama is
spectrum, the invisible airwaves sought after by U.S. wireless carriers
— Verizon, AT&T, T-Mobile, Sprint — and others to construct ultra-fast
5G data networks, the kind that will enable a smartphone to download a
movie in mere seconds and support driverless car technology. The Federal
Communications Commission has been working to free up spectrum being
used by other institutions so that it can be auctioned off to the 5G
builders and repurposed for their networks, a high priority for the
Trump administration.
Intelsat's
Stock Keeps Sinking as Congress Looks to 'Rake' in Revenue from 5G
Spectrum Auction
Posted: 19 November 2019
Shares of Intelsat S.A. continued to plummet to earth on heavy volume
after the U.S. Federal Communications Commission’s decision to move
forward with a public auction of new 5G spectrum prompted what was
essentially a Congressional money grab.
Intelsat I, -24.16%
dropped 22% in afternoon trading, putting it on track for the lowest
close since April 2018. Trading volume swelled to 291 million shares,
compared with the full-day average of about 6.8 million shares.
The selloff comes one day after a 40.1% plunge on 56.1 million shares,
which was the stock’s biggest-ever one-day decline, and five days after
the second-largest drop of 29.2% on 29.7 million shares, which came amid
growing concerns over a negative regulatory decision.
Intelsat
Shorts Stick to Positions Even After Record 75% Wipeout
Posted: 19 November 2019
(Bloomberg) -- Short sellers are betting that Intelsat shares have
further to fall even after a record slump this month erased more than
75% of the satellite company’s market value.
About 15.4 million shares were on loan to bears on Tuesday, up from 15.1
million at the end of October, according to data from S3 Partners. Short
sellers are sitting on more than $250 million in paper gains but don’t
appear to be cashing in yet, according to Ihor Dusaniwsky, S3’s managing
director of predictive analytics.
“As a good short seller, you ride out your profits and that’s what it
looks like they’re doing,” Dusaniwsky said. “They’re holding on and
looking for the stock to go down even further.”
Click
HERE
for
further details from Insider Monkey/Yahoo Finance
FCC Chairman
Calls for Public Auction of C-Band Airwaves
Posted: 19 November 2019
(Bloomberg) -- Intelsat SA had
its worst two-day rout and SES SA plunged as investors assessed the
satellite providers' prospects after a key regular rejected their plan
to raise billions of dollars by selling airwaves in a private auction.
Federal Communications
Commission Chairman Ajit Pai instead called for a public auction,
something that could reduce the companies' share of the proceeds.
The satellite providers want to
sell some of the airwaves they now use to deliver video to TV stations
to raise cash. The companies have concluded they no longer need all the
spectrum they have acquired over the years.
Meanwhile, the frequencies are
coveted by fast-growing mobile providers eager to build the next
generation of wireless, 5G networks.
Analysts React to FCC Decision on
Intelsat C-Band Spectrum Auction
Posted: 19 November 2019
Intelsat SA (NYSE: I)
shares tanked another 20% on Tuesday after Federal Communications
Commission Chairman Ajit Pai publicly declared his support for Congress
to hold public auctions for Intelsat’s C-Band spectrum. Intelsat and
other spectrum holders have been pushing to hold a private auction for
their spectrum, which would potentially take place much sooner than a
public alternative.
The proposed Senate bill would require sellers to turn over at least
50% of the proceeds from the spectrum sale to the FCC. As a result
of the FCC decision, Intelsat’s stock is down 50% in the past two days,
and Wall Street analysts see a messy road ahead.
SES Shares
Tumble 20% After FCC Chairman Voices Support for Public Airwaves Sale
Posted: 18 November 2019
Shares
of SES SA FDR tumbled 21% on Tuesday, a day after Federal Communications
Chairman Ajit Pai said via Twitter that he would back a public auction
to free up spectrum for 5G. Luxembourg-based satellite companies SES and
Intelsat SA were lobbying for a private auction of the so-called C-band
spectrum, used to deliver videos and radio programs to U.S. households.
The FCC wants to free it up for carriers to bid on as 5G service gears
up. Pai said the agency wants to make C-band spectrum available quickly
for 5G and also must generate revenue for the government, saying the
best way forward is an auction of 280 megahertz of the C0band.
Intelsat shares plunged 40% on Monday.
Click
HERE
for
further details from Insider MarketWatch
Shares closed today
$8.03/share
Why Intelsat
Stock
Plummeted 40% Today
Posted: 18 November 2019
Rich Smith (TMFDitty)
Nov. 18, 2019 at 7:51PM
What
happened
The down-again, up-again roller-coaster
ride that has been Intelsat(NYSE:I) over
the past week or so took a sudden, jagged turn down again on Monday,
with shares of the satellite communications stock closing off a
staggering 40%.
You can blame Twitter for that -- and also the FCC.
On Monday, Federal Communications Commission Chairman
Ajit Pai tweeted out his support for a movement in Congress to hold a
public auction of C-Band spectrum, currently controlled by Intelsat and
fellow satcoms Telesat and Loral
Space & Communications.
Click
HERE for
further details from The Motley Fool
C-Band Alliance
Responds to Announcement by Federal Communications Commission Chairman
Regarding C-Band Spectrum Proceeding
Posted: 18 November 2019
WASHINGTON--(BUSINESS WIRE)--
The C-Band Alliance (“CBA”), comprised of the leading global satellite
operators Intelsat (NYSE:I),
SES (Euronext Paris: SESG), and Telesat, responded today to an
announcement by the Chairman of the Federal Communications Commission
(“FCC”) that he intends to pursue a public auction to clear the
satellite spectrum currently licensed to the members of the C-Band
Alliance.
In a statement, the CBA said, “The FCC Chairman’s indication that he
intends to pursue a public auction of C-band spectrum is a significant
departure from the CBA’s market-based proposal. The announcement does
not address the critical involvement of the incumbent satellite
operators in executing the complex task of reconfiguring and
transitioning their networks. Nor does the announcement address the
fundamental modification of the rights afforded by the existing FCC
licenses held by the CBA members which would be required under a public
auction approach.
FCC Chief Backs
Public Auction for 5G Spectrum, Sending Satellite Stocks Reeling Again
Posted: 18 November 2019
3 satellite companies had lobbied for a private auction of the ‘C-band’
spectrum, but U.S. lawmakers objected
The FCC is arranging for a spectrum auction that will be a key step in
the U.S. deployment of 5G.
The head of the Federal Communications Commission on Monday sided with
some vocal lawmakers and disappointed three satellite companies, as he
backed a public auction of radio spectrum rather than the companies’
plan for a private auction.
The auction is a key step in the U.S. deployment of 5G,
as the “C-band” spectrum will be getting repurposed for wireless
carriers to use for fifth-generation services. In announcing his
decision, FCC
Chairman Ajit Pai said the regulatory agency’s
top principles in setting up an auction are freeing up significant
spectrum for 5G, doing that quickly, generating revenue for the federal
government and protecting services that currently use the C-band.
Give Away $60
Billion' to Foreign Companies? The 'America First' Trump Administration
Faces a Tricky 5G Choice
Posted: 16 November 2019
Supporters of a spectrum-auction plan from a European-Canadian alliance
say it’s the best way to ensure the U.S. doesn’t fall behind on
5th-generation wireless technology
The FCC draws
flak while aiming for nationwide 5G.
A big step in the
U.S. deployment of 5G wireless could take place by year’s end, as the
Federal Communications Commission has appeared on track to back a plan
from the satellite industry for auctioning off radio spectrum.A section
of spectrum is due to get repurposed for wireless carriers to use for
fifth-generation services, and three satellite companies have proposed
running an auction for this “C-band” spectrum as they relinquish it. The
companies have formed a C-Band Alliance and maintain
their plan offers
“by far the fastest way” of achieving 5G deployment and competing with
other countries — especially China, where a long-awaited 5G service has
just rolled out — and yet not disrupt existing U.S. broadcast services.
Intelsat Stock
Rebounds After Satellite Firms File Plan for Spectrum Auction
Posted: 15 November 2019
Intelsat
shares have staged a strong rebound after the group of satellite service
companies known as the C-Band Alliance filed a detailed plan on a
proposed private auction of radio spectrum for re-use in 5G networks.
Over the
last few days, Intelsat shares (ticker: I) were cut in half as investors
worried that the sale process could drag on for years as a result of
opposition from some members of Congress who favor a public auction held
by the Federal Communications Commission.
Companies
Pushing Controversial 5G Spectrum Auction Offer to Give at Least 30% of
Proceeds to U.S. Treasury
Posted: 15 November 2019
Shares in the satellite
companies rally on Friday after sliding during the week amid concerns
about their auction proposal’s chances
The satellite companies behind a
controversial plan for auctioning off key radio spectrum made a fresh
push on Friday to win over skeptics, offering to pay at least 30% of the
proposed auction’s net proceeds into the U.S. Treasury.
The offer, which also includes a
promise to help with rural broadband, comes after some analysts earlier
this week warned the Federal Communications Commission might delay
making a decision on the auction plan following objections from
Republican and Democratic lawmakers. Before the opposition from
Republican Sen. John Kennedy of Louisiana and other lawmakers ramped up,
an order favoring the companies’ proposal had looked on track to arrive
as soon as at the regulatory agency’s Dec. 12 open meeting.
C-Band Alliance
Files U.S. Treasury Contribution with Federal Communications Commission
Posted: 15 November 2019
Proposal would result in
billions of dollars in contribution to the U.S. Treasury
following completion of successful auction of C-band spectrum
Proposal also features a plan
to work with members of Congress to use a portion of the
spectrum and some of the contributions to fund an open access 5G
network for rural broadband, providing digital inclusion for
rural American citizens
Proposal is based on use of
CBA spectrum clearing plan which would deliver cleared spectrum
to enable era of 5G in United States, while protecting services
for television and radio programmers
WASHINGTON--(BUSINESS
WIRE)--The C-Band Alliance (“CBA”), comprised of the
leading global satellite operators Intelsat (NYSE: I), SES
(Euronext Paris: SESG), and Telesat, filed with the Federal
Communications Commission today its Treasury Contribution
Proposal.
The contribution proposal
states that if the FCC adopts the CBA proposal, the CBA commits
to pay a portion of net proceeds of a CBA-led auction to the
U.S. Treasury using a progressive formula which ranges from 30%
to 75% of proceeds depending on the outcome of the auction. This
payment to the U.S. Treasury would be calculated after the
netting of all costs incurred to plan for and take all actions
to implement the CBA proposal to clear 300 MHz of spectrum and
is inclusive of all federal income tax liabilities incurred by
the CBA member companies as a direct result of the auction.
Intelsat Stock
Slides Another 15% on Doubts Over 5G Spectrum Auction
Posted: 14 November 2019
The
sharp slide in Intelsat shares continued on Thursday, as concerns grow
about the proposed auction of C-Band radio spectrum by an alliance of
satellite communications companies for use by telcos building out 5G
networks. The companies in the C-Band Alliance (CBA)— (I) (ticker: I)
and SES (SGBAF), both based in Luxembourg, and Telesat, a Canadian firm
majority-owned by (LORL) (LORL)—have proposed a private auction that
would provide access to the spectrum to carriers building out 5G
networks. The Federal Communications Commission is expected to take up
the proposal as soon as its December meeting.
Intelsat's
Stock Slide Continues
Posted: 14 November 2019
Intelsat SA
shares are down 38% in the past two sessions. The stock got a
high-profiel downgrade Wednesday on concerns about Intelsat's proposed
private spectrum auction proposal.
Luxembourg-based Intelsat and
SES have partnered with Canadian company Telesat to propose a private
auction for the three companies’ C-Band radio spectrum, which is used
for radio and TV broadcast in the U.S. With 5G wireless network launched
imminent, however, some politicians are pushing back against the private
auction proposal.
"Don't give away $60 billion
that belongs to the people of America to two companies in Luxembourg and
one other one in Canada," Republican Sen. John Kennedy said n a recent
speech.
Intelsat Stock
Tumbles as Controversy Grows Over 5G Spectrum Aution
Posted: 13 November 2019
As the world inches closer to 5G wireless, telecommunications carriers
have growing urgency to secure more radio spectrum.
Along those lines, a group of satellite communications operators--
Intelsat (I) and SES (SGBAF), both based in Luxembourg, and Telesat, a
prviately held Canadian firm majority-owned by Loral Space &
Communications (LORL)--have made a proposal to the Federal
Communications Commission for a prviate auction of access to the C0Band
radio spectrum they now use for radio and TV broadcasting applications.
Implied
Volatility Surging for Intelsat (I) Stock Options
Posted: 13 November 2019
Investors in Intelsat
S.A. (I - Free
Report) need to pay close attention to the
stock based on moves in the options market lately. That is because the
Dec 20, 2019 $12.50 Put had some of the highest implied volatility of
all equity options today.
What is
Implied Volatility?
Implied volatility shows how
much movement the market is expecting in the future. Options with high
levels of implied volatility suggest that investors in the underlying
stocks are expecting a big move in one direction or the other. It could
also mean there is an event coming up soon that may cause a big rally or
a huge sell-off. However, implied volatility is only one piece of the
puzzle when putting together an options trading strategy
BlackSky Secures
$50 Million Financing from Intelsat
Posted: 12 November 2019
The senior
secured loan will help fund BlackSky's infrastructure and product
development.
WASHINGTON -- Geospatial data
provider BlackSky announced Nov. 12 it has secured a $50 million loan
from global communications satellite operator Intelsat. The senior
secured loan will finance BlackSky's infrastructure and product
development for commercial and government customers. BlackSky CEO
Brian O'Toole told SpaceNews.
In addition to the financing deal,
O'Toole said, BlackSky and Intelsat are establishing a commercial
partnership to jointly develop data and imagery products to be
distributed via Intelsat's communications services.
BlackSky is part of Spaceflight
Industries, based in Seattle. The company is in the process of
expanding its constellation of small satellites that revist a given
loction several times per day. Four 1-meter resolution imaging
satellites are in service today and 20 more are in production. The
new capital will help BlackSky meet its goal of deploying a 16-satellite
constellation by 021, said O'Toole.
This Satellite
Intelligence Company Has Landed $50M from Intelsat
Posted: 12 November 2019
Herndon-based BlackSky, which provides satellite imaging and global
monitoring services, has secured a $50 million loan from satellite firm
Intelsat S.A. (NYSE: I), according to an announcement. The deal grants
BlackSky access to Tysons-based Intelsat’s communications
infrastructure, while the fresh funding will allow BlackSky to augment
its existing business, the company said. “It takes a lot of expertise,
engineering and capital to make smallsats viable; BlackSky is the first
company to overcome these challenges with proven economies of scale,"
BlackSky President and CEO Brian O’Toole said in a statement.
Click
HERE
for
further details from Insider Washington Business Journal
Is Intelsat
S.A. (I) a Good Stock to Buy?
Posted: 30 October 2019
A whopping number of 13F filings filed with U.S. Securities and Exchange
Commission has been processed by Insider Monkey so that individual
investors can look at the overall hedge fund sentiment towards the
stocks included in their watchlists. These freshly-submitted public
filings disclose money managers’ equity positions as of the end of the
three-month period that ended June 28, so let’s proceed with the
discussion of the hedge fund sentiment on Intelsat S.A. (NYSE:I).
Intelsat S.A. (NYSE:I) shareholders
have witnessed a decrease in hedge fund sentiment lately. I was
in 42 hedge funds' portfolios at the end of the second quarter of 2019.
There were 54 hedge funds in our database with I positions at the end of
the previous quarter. Our calculations also showed that I isn't among
the 30
most popular stocks among hedge funds (see the video below).
Click
HERE for
further details from Insider Monkey/Yahoo Finance
Shares closed today
$25.69/share
Intelsat (I)
Q3 Loss Wider Than Expected, Revenues Down Y/Y
Posted: 30 October 2019
Intelsat S.A. I reported lackluster third-quarter 2019
results, wherein the top line decreased year over year.
Despite the soft quarterly performance, the company's share
price increased 1.18% in yesterday's trading session
following the results to eventually close at $26.52,
probably driven by an unchanged outlook for the year.
Net Loss
On GAAP basis, net loss for the reported quarter was $148.3
millioin or loss of $1.05 per share compared with loss of
$374.6 million or loss of $2.74 per share in the prior-year
quarter. The narrower loss was mainly due to the
absence of loss on early extinguishment of debt (amounting
to $204.1 million), which was recorded in the prior-year
quarter. Adjusted net loss per share was $1.05, which
was wider than the Zacks Consensus Estimate of loss of $1.
Click
HERE for
further details from Zacks/Yahoo Finance
C-Band
Alliance Joins with U.S. Wireless Community on FCC Filing Detailing
C-Band Auction Principles
Posted: 29 October 2019
National, regional,
and rural wireless operators join with C-Band Alliance on
principles for a C-band auction
Principles include
auction transparency, fairness, and efficiency; multi-round
ascending clock auction format; and contribution of a portion of
proceeds to U.S. Treasury
WASHINGTON--(BUSINESS
WIRE)--The C-Band Alliance (CBA) announced today that
it joined a number of national, regional, and rural wireless
operators in an FCC filing detailing a set of principles to
guide a process for auctioning off terrestrial rights to C-band
spectrum.
Consistent with the goal of clearing spectrum and completing the
auction efficiently and expeditiously, the CBA has proposed to
clear a first tranche of 120 MHz of spectrum, inclusive of the
20-MHz guard band, in 46 top metropolitan zones within 18 months
of an FCC order. The second tranche of the remaining spectrum
would be made available within 36 months of the C-band auction,
providing cleared spectrum throughout the entire continental U.S.
C-Band
Alliance Proposes to Clear 300 MHz of Spectrum for Nationwide 5G
Deployment
Posted: 28 October 2019
C-Band Alliance
updates 5G proposal to the FCC and offers to clear 300 MHz of
C-band spectrum, inclusive of a 20-MHz guard band
Proposes to make
available for 5G use 100 MHz in 46 top metropolitan areas within
18 months of an FCC order, and 280 MHz throughout the
continental U.S. within 36 months from a CBA-led auction
Maintains reliability
and continuity of all services and encourages customer use of
advanced video compression and other technologies to improve
spectrum efficiency
WASHINGTON--(BUSINESS
WIRE)--The C-Band Alliance (CBA) announced today that
it will commit to clear 300 MHz of C-band spectrum to support
fast 5G wireless deployment throughout the continental U.S. In
an updated filing with the U.S. Federal Communications
Commission (FCC), the CBA detailed that the 300 MHz of spectrum
includes a 20-MHz guard band to protect existing satellite
services from 5G interference.
Further enhancing its plan to
clear spectrum quickly, the first tranche—which clears spectrum
within 18 months of an FCC order in 46 top metropolitan zones—is
now increased to 120 MHz, inclusive of the 20-MHz guard band.
The second tranche of the remaining spectrum will be made
available within 36 months from a CBA-led auction, providing
cleared spectrum throughout the entire continental U.S.
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
October
2019
Barbara Farmer
Intelsat's
FlexMaritime Powers KVH Elite Streaming Service for Yachts
Posted: 9 Octboer 2019
LUXEMBOURG--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE:
I) announced today that its FlexMaritime service
will power KVH Elite™ – a new, unlimited VSAT streaming service that
provides high-definition (HD)-quality, dedicated bandwidth for yachts
and leisure charters.
“FlexMaritime provides a high-speed, flexible service that delivers the
consistent and reliable performance that yacht owners need,” said Mark
Rasmussen, SVP, Global Sales and Distribution, Intelsat. “The
multi-layered satellite coverage ensures a clear advantage over
competitive single-layer constellations, which often provide only
best-effort service levels and don’t always offer consistent
connectivity wherever and whenever it is needed. The combination of
Intelsat’s global network infrastructure and KVH’s maritime expertise
continues to expand the quality and availability of communications for
the entire maritime sector.”
Option Traders Expect Huge Moves in Intelsat (I) Stock
Posted: 27 September 2019
Investors in
Intelsat S.A. (I - Free Report) need to pay close attention tot he stock
based on moves in the options market lately. That is because the
Dec. 20, 2019 $10.00 Put had some of the highest implied volatiliy of
all equit options today.
What
is Implied Volatility?
Implied
volatility shows how much movement the market is expecting in the
future. Options with high levels of implied volatility suggest that
investors in the underlying stocks are expecting a big move in one
direction or the other. It could also mean there is an event coming up
soon that may cause a big rally or a huge sell-off. However, implied
volatility is only one piece of the puzzle when putting together an
options trading strategy.
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
September
2019
Gail Yamazaki
Why Intelsat
Stock Dropped 16% This Morning
Posted: 3 September 2019
Rich Smith (TMFDitty)
Sep 3, 2019 at 12:23PM
What
happened
This
morning, without warning -- and without any news relating to the company
specifically, it seems -- shares of satellite communications company Intelsat (NYSE:I) abruptly
plunged 16%.
The stock has since recovered
somewhat, and as of 11:40 a.m. EDT, it's trading down "only" 7%. But
that still leaves investors scratching their heads: Why did Intelsat
stock fall in the first place?
Click
HERE for
further details from The Motley Fool
Shares closed today $19.39/share
C-Band Alliance
Issues Response to Eutelsat Decision to Withdraw from Alliance
Posted: 3 September 2019
Washington, D.C., September 3, 2019 –
The C-Band Alliance notes the statement of Eutelsat issued
today to withdraw from the Alliance. The CBA remains
committed to delivering its expeditious, market-based
proposal and the departure of Eutelsat does not impact the
CBA’s ability to do so. The remaining members of the
CBA, which represent approximately 95% of the affected
revenues of the US C-band market, are aligned and committed
to the process of engaging with the FCC on the proposal of
rapidly clearing C-band spectrum
to
support the deployment of 5G services in the U.S.
July 30, 2019,
07:55:09 AM EDT By Zacks Equity Research, Zacks.com
Intelsat (I) came
out with a quarterly loss of $1.05 per share versus the Zacks Consensus
Estimate of a loss of $0.95. This compares to loss of $0.38 per share a
year ago. These figures are adjusted for non-recurring items.
This quarterly report represents
an earnings surprise of -10.53%. A quarter ago, it was expected that
this communications and satellite company would post a loss of $0.61 per
share when it actually produced a loss of $0.87, delivering a surprise
of -42.62%.
Did the Underlying Business Drive
Intelsat's (NYSE: I) Lovely 712% Share Price Gain?
Posted: 19 July 2019
Simply Wall St. -
July 19, 2019
For us, stock
picking is in large part the hunt for the truly magnificent stocks. You
won't get it right every time, but when you do, the returns can be truly
splendid. One bright shining star stock has been Intelsat
S.A. (NYSE:I),
which is 712% higher than three years ago. In the last week the share
price is up 6.2%.
It really
delights us to see such great share price performance for investors.
Given that
Intelsat didn't make a profit in the last twelve months, we'll focus on
revenue growth to form a quick view of its business development. When a
company doesn't make profits, we'd generally expect to see good revenue
growth. Some companies are willing to postpone profitability to grow
revenue faster, but in that case one does expect good top-line growth.
Hedge Funds Have
Never Been This Bullish on Intelsat (I)
Posted: 11 June 2019
Before we spend days researching a stock idea we'd like
to take a look at how hedge funds and billionaire investors recently
traded that stock. S&P 500 Index ETF (SPY) lost 2.6% in the first two
months of the second quarter. Ten out of 11 industry groups in the S&P
500 Index lost value in May. The average return of a randomly picked
stock in the index was even worse (-3.6%). This means you (or a monkey
throwing a dart) have less than an even chance of beating the market by
randomly picking a stock. On the other hand, the top 20 most popular S&P
500 stocks among hedge funds not only generated positive returns but
also outperformed the index by about 3 percentage points through May
30th. In this article, we will take a look at what hedge funds think
about Intelsat S.A. (NYSE:I).
David M. Tolley to Join Intelsat as
Executive Vice President and Chief Financial Offer
Posted: 29 May 2019
LUXEMBOURG--(BUSINESS
WIRE)--Intelsat, S.A. (NYSE: I) today announced the
appointment of David M. Tolley as Executive Vice President and Chief
Financial Officer, effective June 3, 2019.
Tolley will report to Intelsat’s Chief Executive Officer,
Stephen Spengler, and oversee Intelsat’s global finance organization. He
will serve on Intelsat’s Management Committee and be based in the
company’s U.S. administrative headquarters in McLean, Virginia.
Tolley brings over 20 years of financial experience to
Intelsat. He most recently served as the Chief Financial Officer of
OneWeb where he led the global finance organization and served on the
company’s Executive Committee. Prior to OneWeb, Tolley served as a
Senior Managing Director in the Private Equity Group at Blackstone
(NYSE: BX) where he led satellite services strategy and investing and
served on the Private Equity Investment Committee. During that period,
he was Chairman of the Board of Directors of NewSkies Satellites N.V.
and led the public-to-private acquisition, re-IPO and ultimate
divestiture of NewSkies to SES S.A. Prior to Blackstone, he was a Vice
President at Morgan Stanley in the Investment Banking Division, where he
provided banking and advisory services to established and emerging
companies in the broader communications sector.
Click
HERE for
further details from Business Wiree
Shares closed today $19.10/share
Why Intelsat
Stock Soared 29.2% in April
Posted: 10 May 2019
Keith Noonan (TMFNoons)
May 10, 2019 at 11:47AM
What Happened
Shares of
Intelsat
(NYSE:I)
rose 29.2% in April, according to data from
S&P Global Market Intelligence. The stock gained ground early in the
month thanks to favorable analyst coverage and continued to gain ground
despite the failure of the company's 29e satellite.
Intelsat stock
has been on an incredible run thanks to the increasing likelihood that
the company will be able to use its satellite systems to provide
bandwidth used by 5G internet networks. Making this a reality hinges on
getting the government to open up portions of the C-band wireless
spectrum for commercial use, and it appears that things are moving in
that direction.
Click
HERE for
further details from The Motley Fool
Shares closed today $21.15/share
Option Traders
Expect Huge Moves in Intelsat (I) Stock
Posted: 10 May 2019
Investors in
Intelsat S.A.(I -Free
Report) need to pay close
attention to the stock based on moves in the options market lately.
That is because the Sep. 20, 2019 $16.00 Call had some of the highest
implied volatility of all equity ooptions today.
What is
Implied Volatility?
Implied
volatility shows how much movement the market is expecting in the
future. Options with high levels of implied volatility suggest that
investors in the underlying stocks are expecting a big move in one
direction or the other. It could also mean there is an event coming up
soon that may cause a big rally or a huge sell-off. However, implied
volatility is only one piece of the puzzle when putting together an
options trading strategy.
Intelsat Announces First Quarter 2019 Results
Posted: 30 April 2019
• First quarter net loss attributable to Intelsat S.A. of $120.6 million
• First quarter Adjusted EBITDA of $380.3 million or 72 percent of revenue
• March 31, 2019 contracted backlog of $7.9 billion
• 2019 Financial Guidance Updated for Financial Impact of Intelsat 29e Satellite Failure
Intelsat S.A., I, +127%,
operator of the world's first Globalized Network and leader in
integrated satellite solutions, today announced financial results for
the three months ended March 31, 2019.
In the first quarter of 2018, we
adopted the provisions of the Financial Accounting Standards Board
Accounting Standards Codification Topic 606, Revenue from Contracts with
Customers (“ASC 606”). All financial results presented in our first quarter
2019 quarterly report are presented on a comparable basis to 2018 reported
results, unless noted otherwise.
Intelsat reported total revenue
of $528.4 million and net loss attributable to Intelsat S.A. of $120.6
million for the three months ended March31, 2019.
Intelsat Still
Searching for Cause of IS-29e Loss, Replacement Satellite TBD
Posted: 30 April 2019
WASHINGTON — Intelsat estimates the in-orbit failure of
its first high-throughput satellite will cost the company between $45
million and $50 million in revenue for the year.
Luxembourg and Virginia-based Intelsat said it is still
working with Boeing on understanding why the uninsured, three-year-old
Intelsat 29e satellte it built sprung a fuel leak three weeks ago and
stopped communicating shortly after. The investigation has so far
indicated that Intelsat 298e's failure is unrelated to the propulsion
issues with Intelsat 33e, a Boeing-built satellite that launched in
2016, Steve Spengler, Intelsat's chief executive, said Aril 30.
Here's What
Hedge Funds Think about Intelsat S.A. (I)
Posted: 26 April 2019
While the market driven by short-term
sentiment influenced by uncertainty regarding the future of
the interest rate environment in the US, declining oil
prices and the trade war with China, many smart money
investors kept their optimism regarding the current bull run
in the fourth quarter, while still hedging many of their
long positions. However, as we know, big investors usually
buy stocks with strong fundamentals, which is why we believe
we can profit from imitating them. In this article, we are
going to take a look at the smart money sentiment
surrounding Intelsat S.A. (NYSE: I)
Click
HERE
for
further details from Yahoo.com/Insider Monkey
Shares closed today $20.44/share
Here's What
Hedge Funds Think about Intelsat S.A. (I)
Posted: 18 April 2019
LUXEMBOURG--(BUSINESS WIRE)--
Customers Transitioning to Restoration Capacity
Intelsat S.A.
(NYSE:I) announced today that the anomaly previously disclosed on April
10, 2019 has resulted in the total loss of the Intelsat 29e spacecraft.
A failure review board has been convened with the satellite's
manufacturer, Boeing, to complete a comprehensive analysis of the cause
of the anomaly.
Late on April 7,
the Intelsat 29e propulsion system experienced damage that caused a leak
of the propellant on board the satellite resulting in a service
disruption to customers on the satellite. While working to recover the
satellite, a second anomaly occurred, after which all efforts to recover
the satellite were unsuccessful.
Intelsat Reports
Intelsat 29e Service Outage
Posted: 10 April 2019
Intelsat, S.A. (NYSE:I) announced today a
service outage on the Intelsat 29e satellite which continues
to affect maritime, aeronautical and wireless operator
customers in the Latin America, Caribbean and North Atlantic
regions. Late on 7 April, the Intelsat 29e propulsion system
experienced damage that caused a leak of the propellant on
board the satellite resulting in a service disruption to
customers on the satellite. While working to restore the
services, on 9 April, the satellite experienced a second
anomaly that caused a loss of communications to the
satellite.
Why Intelsat
Stock Fell 35% in March
Posted: 4 April 2019
April 04, 2019, 04:58:00 PM EDTBy
Steve Symington, Motley Fool
Shares of Intelsat (NYSE:
I) declined 35% in March, according to data from S&P Global Market
Intelligence, amid concerns over government plans that could
significantly hamper the company's ability to monetize its wireless
spectrum assets.
To be sure,
Intelsat lost nearly a quarter of its value between March 4 and March 5,
2019, alone, after Politico highlighted
a proposal for the government to potentially nationalize so-called 5G
networks. What's more, separate reports from TheFly.com around the same
time indicated that several U.S. Congress members were mulling over
whether to prevent the FCC from allowing Intelsat and other foreign
satellite companies to sell their access to 200 megahertz of C-band
spectrum to wireless carriers.
Click
HERE
for
further details from NASDAQ/The Motely Fool
Shares closed down today $16.83/share
Intelsat Takes
Flight After Analyst Upgrade
Posted: 3 April 2019
Intelsat shares surge after receiving an upgrade from JPMorgan to
overweight from neutral, and a one-year price-target boost to $27.
By M. Corey Goldman
Apr 3, 2019 10:34 AM EDT
Shares of satellite telecom company Intelsat (I) took off
Wednesday after the company received an upgrade from
JPMorgan and a boost to its target price on expectations its
joint proposal with the so-called C-Band Alliance to use
spectrum for mobile devices will win approval.
Intelsat stock jumped almost 9%, gaining $1.35 to $16.70,
after JPMorgan analyst Philip Cusick upgraded the company to
overweight from neutral and raised his one-year target price
on the stock $27.
C-Band Alliance
Appoints Peter Pitsch to Lead Advocacy and Government Affairs
Posted: 31 March 2019
Business Wire 21 March 2019:
WASHINGTON--(Business Wire)--The
C-Band Alliance (CBA), announced today the appointment of Peter Pitsch
as Head of Advocacy and Government Affairs. The CBA is the entity that
proposes to implement a safe and efficient clearing and repurposing of
mid-band ‘C-band’ downlink spectrum to accelerate the deployment of 5G
services in the U.S. The CBA was formed by Intelsat, SES, Eutelsat and
Telesat, the band’s incumbents and the leading continental U.S.
satellite services operators.
Click
HERE
for
further details from Business Wire.
Shares closed today $15.62/share
Why Shares of
Intelsat Plunged on Thursday
Posted: 21 March 2019
Lou Whiteman (TMFldoubleu)
Mar 21, 2019 at 11:23AM
Government officials are in no hurry to decide on a
controversial proposed spectrum sale.
So it's been three weeks now since Intelsat(NYSE:I) reported Q4
2018 earnings, and after enjoying a brief post-earnings bump in
share price, the company's stock has sunk steadily ever since. In fact,
by the close of trading Thursday Intelsat stock was down a whopping 28%
from its earnings day share price.
What happened
Shares of Intelsat(NYSE:I) traded
down more than 12% on Thursday morning after a key government official
said the Federal Communications Commission will take its time figuring
out how to proceed on a wireless spectrum auction that could generate
upward of $40 billion for Intelsat and other satellite providers.
So what
Intelsat, along with three other satellite companies
authorized to use the C-band airwaves, has proposed selling access to
the 200 megahertz range to wireless telecom companies including Verizon.
The spectrum could be valued at about $40 billion, but the proposal
faces pushback from some lawmakers who
would like to nationalize the spectrum, or at least sequester some
of the proceeds to promote broadband access in rural areas.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today $1.15 at $16.10/share
Is
Intelsat's Free Cash Flow About to Dry Up?
Posted: 18 March 2019
Rich Smith (TMFDitty)
Mar 18, 2019 at 9:55AM
As both capex and cash flow fall, it's starting to look
like a race to the bottom.
So it's been three weeks now
since Intelsat(NYSE:I) reported Q4
2018 earnings, and after enjoying a brief post-earnings bump in
share price, the company's stock has sunk steadily ever since. In fact,
by the close of trading Thursday Intelsat stock was down a whopping 28%
from its earnings day share price.
Why?
Reviewing Intelsat's Q4 report
Well, there were
rumors that the U.S.
Congress might try to nationalize some of the proceeds from its sale
of spectrum rights to 5G wireless broadband providers for one thing.
That risk could certainly be weighing on the stock. But for the time
being, those are only rumors --
and until Congress takes affirmative action to prevent Intelsat from
profiting from the spectrum it holds, I'm hesitant to give them much
weight.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today $1.15 at $16.02/share
Welcome New
Members
Posted: 14 March 2019
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
February 2019
Marcia Brayboy, Paul Deshong, Terry Lowe
Intelsat
Stock Upgraded: What You Need to Know
Posted: 7 March 2019
Rich Smith (TMFDitty)
Mar 6, 2019 at 3:01PM
Shares have sold off -- maybe enough to make them worth
buying.
What happened
Every day, Wall Street analysts upgrade some stocks,
downgrade others, and "initiate coverage" on a few more. But do these
analysts even know what they're talking about? Today, we're taking one
high-profile Wall Street pick and putting it under the microscope...
Since hitting
a high north of $37 in October, ,Intelsat shares have shed more than
half their value, falling to a recent patriotic (but disappointing)
price of just $17.76. The stock's especially suffered this week, losing
24% between close of trading Friday and close of trading Tuesday, hurt
by worries about congressional interference in its plans to sell
spectrum to telecommunications companies.
But then this
morning, a miracle happened: Intelsat got upgraded.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $18.17/share
Why Intelsat Stock Dropped 16% Today
Posted: 5 March 2019
Rich Smith (TMFDitty)
Mar 5, 2019 at 6:33PM
Thanks largely to
Congress, you can now buy a share of Intelsat for just
$17.76.
What happened
Intelsat
(NYSE: I) stock is plunging to earth.
After losing
nearly 10% of its market capitalization yesterday, Intelsat stock
dropped a further 15.9% on Tuesday to close at the patriotically
disheartening share price of $17.76.The reason(s) appear to be three:
First and foremost, Politico just reported that President Trump is
downplaying support for a plan that would see the federal government
essentially nationalize the provision of 5G wireless services in the
United States -- which sounds like good news for private telecom
businesses like Intelsat, but actually means there's a plan floating
around out there for the government to
nationalize 5G!
So what
That fact alone probably would have sufficed to put the fear
of Uncle Sam into Intelsat investors, but there's more.
Several influential lawmakers in Congress, reports The
Fly.com,
have "fired warning shots" threatening to
kill an FCC plan that would permit Intelsat, and other
satellite communications companies, to sell access to 200
megahertz of C-band spectrum to wireless carriers --
advancing the cause of 5G in America, while at the same time
giving Intelsat a nice infusion of cash.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $17.76/share
Why Intelsat Stock Popped Today
Posted: 20 February 2019
Rich Smith (TMFDitty)
Feb 20 2019 at 5:55PM
What happened
Shares of communication satellite operator Intelsat
(NYSE:I) popped
more than 13% in early Wednesday trading before settling
down to a roughly 11% gain at the end of the trading day.
Intelsat
reported mixed fiscal fourth-quarter and full-year 2018 earnings this
morning. On the one hand, the company missed earnings estimates rather
badly. Analysts had expected a loss of $0.26 per share for the quarter;
Intelsat reported a loss of $0.81 per diluted share, and $0.91 per share
pro forma. Sales, on the other hand, came in ever so slightly ahead of
expectations -- $542.8 million instead of the $542 million in revenue
that analysts had predicted.
So what
Intelsat's
Q4 sales grew less than 1% year over year, while
its GAAP loss increased 8% year over year.
For the full
year, sales grew barely 0.5% (rising from $2.15 billion to $2.16
billion), while losses more than tripled -- from $1.50 per share lost in
2017 to $4.63 per share lost in 2018.
On the plus side,
Intelsat's past promises to rein in capital spending bore fruit on the
company's balance sheet. Despite generating $120 million less
cash flow last year than it had in 2017, Intelsat succeeded in cutting
capital spending by nearly $206 million. As a result, the company's free
cash flow (operating cash flow minus capex) ballooned from barely
breakeven a year ago to a respectable $88.5 million generated in 2018.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $24.06/share
Intelsat
Announces Fourth and Full-Year 2018 Results
Posted: 20 February 2019
Fourth quarter revenue of
$543 million; or $515 million excluding effects of
revenue recognition rules (ASC 606)
Full-year 2018 revenue of
$2,161 million; or $2,058 million excluding effects of
ASC 606
Fourth quarter net loss
attributable to Intelsat S.A. of $111 million;
2018 full-year net loss
attributable to Intelsat S.A. of $600 million;
Fourth quarter Adjusted
EBITDA of $418 million or 77 percent of revenue; $392
million or 76 percent of revenue excluding effects of
ASC 606
Full-year 2018 Adjusted
EBITDA of $1,668 million or 77 percent of revenue;
$1,565 million or 76 percent of revenue excluding
effects of ASC 606
$8.1 billion contracted
backlog, inclusive of $1.1 billion in effects of ASC
606, providing visibility for future revenue and cash
flow
Intelsat issues 2019
Guidance inclusive of effects of ASC 606 Luxembourg, 20
February 2019
Intelsat S.A. (NYSE: I), operator of the
world’s first Globalized Network and leader in integrated satellite
solutions, today announced financial results for the three months and
full-year ended December 31, 2018.
Intelsat reported total
revenue of $542.8 million and net loss attributable to Intelsat S.A. of
$111.3 million for the three months ended December 31, 2018.
For the year ended December 31, 2018, Intelsat reported total revenue of
$2,161.2 million and net loss attributable to Intelsat S.A. of $599.6
million.
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
February 2019
Clarisse Davis,
Claudio Spencer
Implied
Volatility Surging for Intelsat (I) Stock Options
Posted: 28 January 2019
Investors in Intelsat S.A. (I -
Free Report) need to pay close attention to the stock based
on moves in the options market lately. That is because the
Sep 20, 2019 $16 Put had some of the highest implied
volatility of all equity options today.
What is Implied Volatility?
Implied
volatility shows how much movement the market is expecting in the
future. Options with high levels of implied volatility suggest that
investors in the underlying stocks are expecting a big move in one
direction or the other. It could also mean there is an event coming up
soon that may cause a big rally or a huge sell-off. However, implied
volatility is only one piece of the puzzle when putting together an
options trading strategy.
Click
HERE
for
further details from Zacks Equity Research
Shares closed down today at $22.79/share
Why
Intelsat's Stock Soared 531% Higher in 2018
Posted: 14 January 2019
The satellite communications expert lived to fight another
day, and that was good enough for a massive bounce in its
stock prices
Anders Bylund (TMFZahrim)
Jan 14 2019 at 2:45PM
What happened
Shares of Intelsat
(NYSE:I) gained
531% in 2018, according to data from S&P Global Market
Intelligence. The Luxembourg-based provider of satellite
communications services has been fighting off its debt
holders by selling more stock while waiting for approval of
its crucial next-generation 5G networks.
So what
Last year's
gains were more of a turnaround effort than an organic win. Intelsat is
hoping to launch an innovative combination of satellite- and tower-based
communications networks in the near future, but regulatory approvals
have been few and far between. Meanwhile, the company is reporting
negative earnings and cash flows. So when Intelsat started announcing a
steady stream of new customer contracts in the spring of 2018, stock
prices skyrocketed on every positive tidbit of news.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $23.50/share
Why Intelsat
S.A. Stock Fell 14% in December
Posted: 8 January 2019
Intelsat stock saw a double-digit decline last month, but it
closed out the year up more than 500%.
Keith Noonan (TMFNoons)
Jan 8 2019 at 3:39PM
What happened
Shares of Intelsat
S.A. (NYSE:I) dipped
14% in December, according to data from S&P Global Market
Intelligence. There wasn't any big company-specific news
behind the decline, but sell-offs for the broader market
still dragged on the otherwise high-flying satellite
communications company.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $23.34/share
Intelsat Joins GSMA
to Spur Integration of Satellite and Terrestrial Solutions, Create
Hybrid Networks, and Advances 5G Development
Posted: 8 January 2019
Stronger relationships with mobile operators, ubiquitous broadband
services, and hybrid networks will meet fast-growing connectivity demands
and fulfill promise of 5G
January 08, 2019
06:00 AM Easter Standard Time
LUXEMBOURG
--(BUSINESS WIRE)--Intelsat S.A. (NYSE: I), operator of the world's
first Globalized Network and leader in integrated satellite
communications, announced that it has joined GSMA, the organization
representing mobile operators worldwide, to further strengthen the
integration of satellite and terrestrial technologies and advance 5G
deployments.
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
January 2019
David Meltzer
Happy New
Year 2019!
Posted: 1 January 2019
ARCHIVE: Prior Years 2018 and Before
Please click on items below to open up more details further below.
(Scroll down the page to see expanded info, after clicking.)
Expanded items will open up in a stack below.
Click again to close details on the items to close up.
Archived News 2018
Archived News 2017
Archived News 2016
Archived News 2015
Archived News 2014
Archived News 2013
Archived News 2012
Archived News 2011
Intelsat Announces Quarterly Stock Dividend (Posted: December 11, 2014)
Intelsat Appoints Stephen Spengler as Deputy Chief Executive Office (Posted:
December 11, 2014)
Lost Contact (Posted: December 6, 2014)
Welcome New Members (Posted: October 20, 2014)
Intelsat 30 Launched (Posted: October 17, 2014)
Welcome New Members (Posted: September 24, 2014)
IRAA Board of Directors Election 2014 (Posted: September 7, 2014)
Ask for Your Senior Discounts (Posted: September 7, 2014)
15th Annual Meeting and Social Gathering (Posted: September 1, 2014)
Intelsat at 50: One of Satellite's Most Enduring Stories (Posted: September
1, 2014)
Inside Intelsat's New Tysons Corner Headquarters (Posted: August 30, 2014)
Japan Intelsat Club (Posted: August 30, 2014)
Welcome and Goodbye (Posted: August 30, 2014)
Welcome New Members (Posted: July 29, 2014)
New Mailing Address (Posted: June 18, 2014)
IRAA Members: Don't Forget to Vote (Posted: August 18, 2014)
Intelsat Moves to Tysons (Posted: July 29, 2014)
EIEIO Gathering - Last One in DC (Posted: May 27, 2014)
Welcome New Members (Posted: May 19, 2014)
Welcome New Members (Posted: April 30, 2014)
Say Au Revoir to Intelsat Building (Posted: April 23, 2014)
IRAA Annual Dues for 2014-2015 (Posted: April 23, 2014)
Intelsat Celebrating It's 50th Anniversary (Posted: March 10, 2014)
Intelsat Upgraded to Outperform from Market Perform at Wells Fargo (Posted:
February 6, 2014)
Two Social Events Planned (Posted: January 31, 2014)
Intelsat HDQTRS Nominated for Landmark Status (Posted: January 21, 2014)
Welcome New Members (Posted: January 17, 2014)
Welcome New MemberPosted: November 30, 2013)
Satellite Hall of Fame and Museum (Posted: October 24, 2013)
Welcome New Members (Posted: October 21, 2013)
New Bulletin Board Page (Posted: October 9, 2013)
IRAA Annual Meeting & Social Reminder (Posted: September 30, 2013)
IRAA Website URL and EMail Address (Posted: September 20, 2013)
Joe Pelton Honored with International Award for Space Efforts (Posted:
September 20, 2013)
Facebook News (Posted: September 20, 2013)
National Electronics Museum: New Exhibit (Posted: September 20, 2013)
IRAA Board Election Ballot August 2013 (Posted: August 7, 2013)
Request for Nominations to the IRAA Board (Posted: June 25, 2013)
The Future of Intelsat's Old Building and It's Future Home (Posted: June 16,
2013)
Welcome New Members (Posted: June 16, 2013)
Intelsat Fiscal Future Bright? (Posted: June 5, 2013)
Help Us Find These Members (Posted: April 20, 2013)
14th Annual Meeting of the General Assembly of the IRAA (Posted: April 20,
2013)
Intelsat IPO Listed on the NYSE (Posted: April 20, 2013)
New Intelsat Retirees, Alumni and Friends Facebook Page (Posted: April 20,
2013)
Welcome New Members (Posted: April 20, 2013)
IRAA Annual Dues for 2013-2014 (Posted: April 20, 2013)
Board of Director News (Posted: April 20, 2013)
Intelsat 27 Launch Failure (Posted: April 20, 2013)
Intelsat is Moving Headquarters from DC/Van Ness to Tysons Corner (Posted:
April 20, 2013)
National Electronics Museum New Exhibit: Satellites Transform Our Lives
(Posted: April 20, 2013)
4th Annual IRA/COMARA & Intelsat Summer Picnic (Posted: April 20, 2013)
13th Annual Meeting and Social Gathering - Epilogue (Posted: April 20, 2013)
Website Updates (Posted: April 20, 2013)
Intelsat 23 Proton Launch Successful (Posted: October 18, 2012)
2nd Update: 13th Annual Meeting of the IRA & Social Gathering
(Posted: October 12, 2012)
Update: 13th Annual Meeting of the IRA & Social Gathering
(Posted: October 9, 2012)
Welcome New Members (Posted: October 9, 2012)
Congressman Chris Van Hollen Will Join Us as our Featured Speaker
at the 13th Annual Meeting (Posted: September 12,
2012)
13th Annual Meeting of the General Assembly and Social Gathering (Posted:
August 30, 2012)
New Website Launched (Posted: August 30, 2012)
Intelsat 21 Launch Successful (Posted: August 20, 2012)
Intelsat 20 Launched Successfully in French Guiana (Posted: August 2, 2012)
Vote for 3 Directors to IRA Board (Posted: July 31, 2012)
Intelsat HQ Building Sold for $85 Million (Posted: July 28, 2012)
Welcome New Members (Posted: July 5, 2012)
Intelsat 19 Sea Launch Update (Posted: June 27, 2012)
Request for Nominations to the IRA Board (Posted: June 25, 2012)
Amendments to the By-Laws (Posted: June 22, 2012)
IRA Exploring Creation of Facebook Page (Posted: June 20, 2012)
Intelsat 19 Sea Launch Update (Posted: June15, 2012)
Intelsat Files for $1.75 Billion IPO (Posted: May 20, 2012)
Intelsat VI F-3 Recovery 20th Anniversary (Posted May 15, 2012)
Intelsat 19 Sea Launch Successful - (Posted: April 7, 2012)
Conny Kullman Elected to SES Board of Directors (Posted: April 7, 2012)
Intelsat 22 Proton Launch Successful (Posted: March 26, 2012)
Announcement: 3rd Annual IRA/COMARA Night at Strathmore - (Posted: November
16, 2011)
Brand Name Rx or Generic? - (Posted: February 6, 2012)
New Mailing Address (Posted: September 20, 2011)
How It Went: 12th Annual Meeting of IRA & Social Gathering - Epilogue
(Posted: November 16, 2011)
Board of Directors Election 2011 (Posted: September 20, 2011)
12th Annual Meeting of IRA & Social Gathering (Posted: September 20, 2011)
How It Was: 2nd Annual IRA/COMARA Summer Picnic - (Posted: August 1, 2011)
ISU Dr. Burton I. Edelson Memorial Lecture (Posted May 11, 2011)
Announcement - 2nd Annual IRA/COMARA Summer Picnic (Posted: May 8, 2011)
Satellite Exhibit at the National Electronic Museum (Posted: February 4,
2011)
Website Update (Posted: February 4, 2011)
Archive 2018
Are Option Traders Betting on a Big
Move in Intelsat (I) Stock?
Posted: 28 December 2018
Investors
in Intelsat
S.A. I need
to pay close attention to the stock based on moves in the options market
lately. That is because the Jan 18, 2019 $55.00 Call had some of the
highest implied volatility of all equity options today.
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
December
2018 Elizabeth Scheid
COMSAT Takes Flight with FlexAir: Intelsat General's New Managed Service
for Government Aviation
Posted: 13 December 2018
LUXEMBOURG
& WASHINGTON--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE: I), the world’s leading provider of satellite services and
integrated communications, announced today that COMSAT, a leading
operator of customized and secure end-to-end satellite communication
services to the United States (U.S.) government, will be the first
solutions partner to market FlexAir to U.S. government aviation users
and coalition partners. FlexAir will deliver high performing, resilient
broadband service for intelligence, surveillance and reconnaissance
(ISR) missions as well as in-flight communications for government
officials, troops and cargo aircraft.
Intelsat General Introduces FlexAir:
New End-to-End Managed Serivce for Government Aircraft
Posted: 13 December 2018
LUXEMBOURG--(BUSINESS
WIRE)--Intelsat
General Communications LLC, a wholly owned subsidiary of Intelsat, S.A.
(NYSE: I), announced today that it is launching FlexAir, a managed
end-to-end service providing cost-effective high-performance, in-flight
broadband connectivity to a wide range of military aircraft to support
en route communications and intelligence, surveillance, and
reconnaissance (ISR) applications.
What Falling Estimates & Price Means for Intelsat (I)
Posted: 5 December 2018
Similar to wise buying decisions, exiting certain
underperformers at the right time helps maximize portfolio
returns. Selling off losers can be difficult, but if both
the share price and estimates are falling, it could be time
to get rid of the security before more losses hit your
portfolio.
One
such stock that you may want to consider dropping is Intelsat
S.A. (I - Free
Report) , which has witnessed a
significant price decline in the past four weeks, and it has
seen negative earnings estimate revisions for the current
quarter and the current year. A Zacks Rank #4 (Sell) further
confirms weakness in I.
Why Intelsat Stock Dropped Another 5% on Friday
Posted: 30 November 2018
Rich Smith (TMFDitty)
Nov 30, 2018 at 7:25PM
What happened
By now you've heard the news: Intelsat(NYSE:I) insiders
are cashing out anywhee from 10 million to 11.5 million of
the Intelsat shares they own, and other investors are
spooked. Yesterday, Intelsat stock closed down about 10% as
shareholders panicked over the implications of the massive
secondary sale of stock. Today, Intelsat seemed set to lose
another 10% at one point -- before recovering to close the
day down "only" 5.2%.
So what
So
why are investors still selling? That's actually an
excellent question.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $24.80/share
Why Intelsat Stock Fell 9% Today
Posted: 29 November 2018
Rich Smith (TMFDitty)
Nov 29, 2018 at 1:36PM
What happened
Intelsat(NYSE:I) stock
dropped nearly 15% in early trading Thursday before
recovering to about an 8.9% loss as of 1 p.m. EST.
The
reason: Shareholders controlling as much as 8.4% of Intelsat
stock are dumping their shares.
So what
Intelsat stock peaked at more than $34 a share last month,
capping a yearlong rise that's seen the value of this
satellite communications operator increase more than
eightfold. But no sooner had Intelsat hit that peak than it
got caught up in a wave of selling, and lost 30% of its
value in a matter of weeks.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $26.21/share
Intelsat
S.A. Announces Pricing of Secondary Offering of Common Shares by Certain
Shareholders
Posted: 29 November 2018
November 29, 2018 05:54 PM Eastern Standard
Time
LUXEMBOURG--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE: I) (the “Company”)
announced today the pricing of its previously announced
public offering by certain of the Company’s shareholders
(the “Selling
Shareholders”)
of 10,000,000 of the Company’s common shares, nominal value
$0.01 per share (plus up to an additional 1,500,000 common
shares may be sold pursuant to an underwriters’ option to
purchase additional shares) at US$25.75 per common share.
The offering is expected to close on December 4, 2018,
subject to customary closing conditions. The offering
consists entirely of common shares beneficially owned by the
Selling Shareholders. The Company will not receive any of
the proceeds from the common shares sold by the Selling
Shareholders in the offering.
Click
HERE
for
further details from The Motley Fool.
Welcome New Members
Posted: 24 November 2018
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
November 2018
Patrick Fongsam Douglas Fox
Lawrence Lashley Kidambi Raman
Fred Tamayo
Intelsat
Stock Upgraded: What You Need to Know
Posted: 12 November 2018
Rich Smith (TMFDitty)
Nov 12, 2018 at 1:01PM
Morgan Stanley upgrades the satellite specialist to equal
weight
Every day, Wall Street analysts upgrade some stocks,
downgrade others, and "initiate coverage" on a few more. But
do these analysts even know what they're talking about?
Today, we're taking one high-profile Wall Street pick and
putting it under the microscope...
This investment megabanker first downgraded shares of
satellite communications specialist Intelsat(NYSE:I) three
and a half years ago (according to StreetInsider.com),
giving Intelsat a rating of underweight, which basically
means sell. And Morgan Stanley was right -- within less than
a year, Intelsat stock had lost 85% of its value, and was
selling for less than $2 a share.
Click
HERE
for
further details from
The Motley Fool.
Shares closed down today at $25.23/share
Why Intelsat S.A. Stock Fell 13.1% in October
Posted: 5 November 2018
Keith Noonan (TMFNoons)
Nov 5, 2018 at 7:27PM
What happened
Shares of Intelsat
S.A.(NYSE:I) dipped
10.9% in October, according to data provided by S&P Global
Market Intelligence. The satellite communications company's
stock fell as the broader U.S. market posted its biggest
percentage-based decline since February 2009.
Intelsat stock saw a slight dip following the company's
third-quarter earnings release at the end of October, but
most of the stock's declines were tied to the gravitational
effects of last month's market pullback. Despite October's
sell-offs, Intelsat stock is still up roughly 680% year to
date amid expectation that the company will provide wireless
spectrum used for 5G networks.
Click
HERE
for
further details from
The Motley Fool.
Shares closed down today at $26.57/share
Why Intelsat Stock Dropped 16% This Morning
Posted: 30 October 2018
Rich Smith (TMFDitty)
Oct 30, 2018 at 5:06PM
What happened
When Intelsat stock lost more than 10% of its market cap
last week on no news of note, I suspected the reason was
investors selling the stock over fears
of weak earnings. Now that Q3 earnings are out, and
Intelsat stock plunged 16% the same day, I'm sure of it.
So what
Granted, when all was said and done, Intelsat recovered most
of its losses before the close of trading Tuesday. By the
time the closing bell struck on the NYSE, Intelsat shares
had lost "only 6.6%." Still, the reason is pretty clear.
Click
HERE
for
further details from
The Motley Fool.
Intelsat (I) Reports Q3 Loss,
Tops Revenue Estimates
Posted: 30 October 2018
Intelsat came out with a
quarterly loss of $0.46 per share versus the Zacks Consensus
Estimate of a loss of $0.34. This compares to loss of $0.26
per share a year ago. These figures are adjusted for
non-recurring items.
This quarterly report represents an earnings
surprise of -35.29%. A quarter ago, it was expected that
this communications and satellite company would post a loss
of $0.52 per share when it actually produced a loss of
$0.38, delivering a surprise of 26.92%.
Intelsat (I) to Report Q3
Earnings: What's in the Offing?
Posted: 29 October 2018
Intelsat is set to report third-quarter 2018 results before
the opening bell on Oct 30. In the last reported quarter,
the company’s loss was narrower than the Zacks Consensus
Estimate of loss by 26.9%. Notably, Intelsat has a woeful
earnings history in the trailing four quarters with an
average negative surprise of 72.1%.
Let’s
see how things are shaping up for this announcement.
Why Intelsat Stock Just Dropped 11%
Posted: 26 October 2018
Earnings can surprise. Why take the Risk?
Rich Smith (TMFDitty)
Oct 26, 2018 at 3:31PM
What happened
2018 has been a fabulous year to own Intelsat(NYSE:I) stock.
The company has delivered a steady stream of positive
press releases to support it and there's a very real
possibility that it will be generating strong
free cash flow for years to come. As a result, shares of
this satellite communications star have skyrocketed
this year -- up nearly 600%!
Yet today, Intelsat stock is sagging, down
10.9% as of 3 p.m. EDT. Why?
Click
HERE
for
further details from
The Motley Fool.
Help Us Find These Members
Posted: 25 October 2018
We have lost
contact with these members below. If you have any information on
how to contact them, please send us an EMail at:
info@myiraa.comm
Mike Brown Mary Helms
Ulla Rosell (spouse of Gunnar)
Welcome New Members
Posted: 22 October 2018
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
October
2018
Ben Chang Aloysius Kwan Gerald Lo Lan Nguyen
Rick Rickford Helmut Wild
Daphne Xu
Why Intelsat Just Popped 10%
Posted: 16 October 2018
Intelsat's still not profitable. Could it find its profits in Africa?
Rich Smith (TMFDitty)
Oct 16, 2018 at 1:23PM
What happened
Shares of heavily indebted satellite communications company
Intelsat (NYSE:I) are up a healthy 10.7% as of 12:45 p.p.
EDT Tuesday on the back of a pair of optimistic press
releases -- one that came out yesterday, and the other
today.
In yesterday's news, Intelsat
announced the introduction of a "new end-to-end managed
service for business aviation" called FlexExec. Intelsat
says the new service will facilitate satellite-based
"in-flight broadband connectivity" for passengers on
business jets by providing enhanced satellite coverage along
"high-traffic business jet routes." FlexExec will
"[eliminate] uneven service and gaps in coverage" along
these routes.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $36.60/share
AMN
and Intelsat Partner to Connect Ultra-Rural sub-Saharan Africa
Posted: 16 October 2018
Intelsat makes a
strategic investment in AMN to accelerate the adoption of mobile
connectivity in the region and close the digital divide
October 16, 2018 03:30
AM Eastern Daylight Time
LONDON & LUXEMBOURG--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE: I) (“Intelsat”), operator of the world’s first
Globalized Network and leader in integrated satellite
communications, and Africa Mobile Networks (AMN) announced
today that Intelsat has made a strategic investment in AMN.
The purpose of the investment is to accelerate the
deployment of mobile connectivity to unserved communities
across multiple countries in sub-Saharan Africa.
Soar with FlexExec: Intelsat Introduces New End-to-End Managed Service
for Business Aviation
Posted: 15 October 2018
Flexible and Scalable Network Architecture Empowers Service Providers to
Offer Unique State-of-the-Art Service and Maximize profitability
FlexExex from Intelsat Delivers the High Performance, Ubiquity,
Resiliency and Reliability that Serivce Providers and busines Jet Owners
Deserve
Intelsat's Seamless, Multi-Layered Network for Busines Aviation Ensures
a Best-in Clas Experience for Every Business Jet Passenger
October 15, 2018 11:00
AM Eastern Daylight Time
LUXEMBOURG--
(BUSINESS WIRE)--Intelsat S.A. (NYSE:I), the world's leading
provider of satellite services and integrated
communications, announced today it is launching FlexExec, a
managed end-to-end service enabling service providers to
easily and cost-effectively deliver high-performance,
in-flight broadband connectivity to business jets globally.
Intelsat and APSATCOM Launch
IntelsatOne Flex for Maritime Asia
Posted: 8 October 2018
Flexible, Unique, HTS-Powered
Infrastructure Enables Solution Partners to
Customize and Meet Communications Needs of Maritime
Operators in Region and Around Globe
October 7, 2018 8:00 PM
Eastern Daylight Time
LUXEMBOURG & SHENZHEN, China--(BUSINESS
WIRE)--Intelsat S.A. (NYSE: I)
(“Intelsat”), operator of the world’s first
Globalized Network and leader in integrated
satellite communications, announced today that APT
Mobile Satcom Ltd. (APSATCOM) will become the first
maritime solution partner to offer, in China,
IntelsatOne Flex for Maritime services. This
agreement will deliver a seamless global maritime
network for APSATCOM’s customers, providing
unparalleled throughput, improved economics, and
easier access to broadband services.
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
September 2018
Martha Castellano George Chambers Andrew Dunnet
Dave Jeffries
Farshid Moghimi Phil Morales Evan Moses
Myrna Samson Julieta Sanchez Eric Schaefer
Nancy Velasquez
ACCESSWIRE
Research Report on Trending Tickers
Posted: 26 Sep 2018
Excerpt from ACCESSWIRE Research Report on Trending Tickers:
Intelsat's stock jumped 19.21% Tuesday, to close the day at $27.06. The
stock recorded a trading volume of 7,979,802 shares, which was above its
three months average volume of 2,563,731 shares. In the last year,
Intelsat's shares have traded in a range of 2.44 - 27.49. The share price
has gained 1009.02% from its 52 week low. The company's shares are currently
trading above their 200-day moving average. The stock's 50-day moving
average of $22.96 is above its 200-day moving average of $15.81. Shares of
Intelsat have gained roughly 13.27 percent in the past month and are up
698.23 percent year-to-date.
Why Intelsat Stock Just Popped 16%
Posted: 25 Sep 2018
What Happened Shares of heavily indebted satellite
communications goliath Intelsat (NYSE:I) stock are up 16% as of 12:40
p.m. EDT -- and it doesn't look like it took much to push up the stock.
This
morning, Intelsat announced what was essentially a rollover of some of
its debt, replacing "senior notes" pay 7.25% interest and due for
repayment in 2020 with other senior notes paying 8.5% and in due in 2014
Horizons 3e Successfully
Launched; Completing Intelsat EpicNG's Global Coverage
Posted: 25 Sep 2018
LUXEMBOURG--(BUSINESS WIRE)--
Intelsat
S.A. (NYSE:I), operator of the world’s first Globalized Network and leader
in integrated satellite communications, announced the successful launch of
the Horizons 3e satellite aboard an Ariane 5 launch vehicle from the Guiana
Space Center in Kourou, French Guiana. Liftoff occurred at 6:38 pm EDT. The
Horizons 3e satellite separated from the rocket’s upper stage at 7:06 pm
EDT. Signal acquisition has been confirmed.
We have lost
contact with these members below. If you have any information on
how to contact them, please send us an EMail at:
info@myiraa.comm
Mike Brown Mary Helms
Ulla Rosell (spouse of Gunnar)
Is the Options Market Predicting a Spike in Intelsat (I) Stock?
Posted:4 September 2018
Investors
in Intelsat
S.A. (I- Free
Report)
need to pay close attention to the stock based on moves in the options
market lately. That is because the Sep 7, 2018 $11.00 Call had some of the
highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is
expecting in the future. Options with high levels of implied
volatility suggest that investors in the underlying stocks
are expecting a big move in one direction or the other. It
could also mean there is an event coming up soon that may
cause a big rally or a huge sell-off. However, implied
volatility is only one piece of the puzzle when putting
together an options trading strategy.
Click
HERE
for
further details from
Zacks Equity Research
Shares closed down today at $22.92/share
Zacks Industry Outlook Highlights: Liberty, SiriusXM Group, Echostar and
Intelsat
Posted: 24 August 2018
The global satellite communication space gained traction
with the expansion of satellite broadband Internet services, arrival of
direct-to-home TV offerings and advancement of digital technology,
fostering demand for commercial and government welfare schemes. Notably,
wireless backhaul services have generated additional revenues for
satellite operators as consumers desire extensive coverage with the
expansion of mobile Internet connections.
Click
HERE
for
further details from
Zacks Equity Research
Shares closed down today at $23.90/share
Satellite and Communications
Stock Outlook: Prospects Alluring
Posted: 23 August 2018
The global satellite communication space gained traction
with the expansion of satellite broadband Internet services, arrival of
direct-to-home TV offerings and advancement of digital technology,
fostering demand for commercial and government welfare schemes. Notably,
wireless backhaul services have generated additional revenues for
satellite operators as consumers desire extensive coverage with the
expansion of mobile Internet connections.
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
May
2018 Raju Pulugurtha
Horizons 3e Arrives in French Guiana amid Preparations for September 7th
Launch on Ariane 5
Posted: 9 August 2018
LUXEMBOURG--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE: I), operator of the world’s first Globalized Network and leader
in integrated satellite solutions, announced today that Horizons 3e arrived
at the Guiana Space Center in Kourou, French Guiana, where it will undergo
final preparations before its scheduled launch on an Ariane 5 rocket on the
7th of
September, 2018.
Intelsat
(I)
just came out with a quarterly loss of $0.38 per share
versus the Zacks Consensus Estimate of a loss of $0.52. This
compares to loss of $0.20 per share a year ago. These
figures are adjusted for non-recurring items.
This
quarterly report represents an earnings surprise of 26.92%.
A quarter ago, it was expected that this communications and
satellite company would post a loss of $0.41 per share when
it actually produced a loss of $0.56, delivering a surprise
of -36.59%.
Up 400% So Far in 2018, Is
Intelsat for Real?
Posted: 20 July 2018
Nicolas
Rossolillo (nrossolillo) July 20, 2018 at 9:03PM
Shares of satellite communications company Intelsat (NYSE:I) are
up over 400% so far in 2018. Positive press and speculation
have fueled the dramatic increase, and at least one analyst
is calling for even more upside. However, investors hoping
for more return should be aware of the big risk they are
taking in owning this company.
What
happened?
The
hubbub got started early this year when the Luxembourg-based
communications outfit reported its full-year
2017 results. Along with those results, the company said
it won a contract to expand 4G LTE mobile services in rural
America and that a proposal was made to the Federal
Communications Commission to use Intelsat's satellites to
speed up the deployment of the fast-approaching 5G wireless
network.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $19.01/share
Intelsat Joins Seamless Air Alliance
Posted: 18 July 2018
LUXEMBOURG--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE: I), operator of the world’s first Globalized Network and leader
in integrated satellite solutions, announced that it has joined the Seamless
Air Alliance, a consortium dedicated to the development and promotion of
standards to facilitate a better, more seamless, inflight connectivity
experience for passengers.
Click
HERE
for
further details from The Motley Fool.
Shares closed down today at $18.81/share
Why Intelsat S.A. Stock
Soared 391.4% in the First Half of 2018
Posted: 16 July 2018
Keith
Noonan (TMFNoons) July 16, 2018 at 9:18AM
What happened Intelsat(NYSE:I) stock
rocketed up 391.4% through the first six months of the year,
according to data provided by S&P
Global Market Intelligence. That performance made it the
biggest gainer of any stock listed on the New York Stock
Exchange through the first half of 2018.
Click
HEREfor
further details from The Motley Fool.
Shares closed down today at $20.355/share
Today's Research Reports on Stocks to Watch: PayPal and
Intelsat
Posted: 13 July 2018
NEW YORK, NY / ACCESSWIRE / July 13, 2018 / PayPal and Intelsat
both saw gains in Thursday's trading session on positive developments.
PayPal shares rose higher after Uber said it would soon have a "Pay with
Venmo" option that will allow users to pay with Venmo on Uber and Uber
Eats. Intelsat saw gains after announcing that it has aligned on a
market-based proposal for the future use of the lower C-band spectrum in
the U.S. with SES and Eutelsat.
Why Intelsat Stock Popped
10% Today
Posted: 12 July 2018
Rich
Smith (TMFDitty) July 12, 2018 at 2:47PM
What happened Shares of communications-satellite
operator Intelsat (NYSE:I) are
on the move again Thursday, trading up 10.6% as of 1:35 p.m.
EDT -- and this time there's a reason for that.
Intelsat is teaming up with fellow satcom companies Eutelsat
and SES to propose "a market-based proposal for the future
use of the lower C-band spectrum" in the U.S., "a commercial
and technical framework that would enable terrestrial mobile
operators to quickly access spectrum in the 3,700 to 4,200
MHz frequency band in the U.S., speeding the deployment of
next-generation 5G services." Investors are responding
positively to the prospect that Intelsat will be able to
better monetize its
spectrum holdings in years to come.
Click
HEREfor
further details from The Motley Fool
Shares closed up today at $19.62/share
SES, Intelsat Rise as U.S.
FCC
Advances Spectrum Sale Proposal
Posted: 12 July 2018
By Todd
Shields
Updated
on
Plan would accommodate wireless growth by ‘internet of
things’
Intelsat has soared as
investors contemplate windfall
U.S. regulators advanced a proposal that could let Intelsat
SA and SES SA reap billions of dollars in fees from mobile
providers using airwaves now devoted to TV broadcasters and
cable companies, and shares jumped as much as 14 percent.
Options Traders Expect Huge Moves in Intelsat (I) Stock
Posted: 12 July 2018
Investors in Intelsat S.A. (I) need to pay close attention
tot he stock based on moves in the options market lately.
That is because the July 20, 2018 $12.50 Put had some of the
highest implied volatility of all equity options today.
What
is Implied Volatility?
Implied volatility shows how much movement the market is
expecting in the future. Options with high levels of implied
volatility suggest that investors in the underlying stocks
are expecting a big move in one direction or the other. It
could also mean there is an event coming up soon that may
cause a big rally or a huge sell off. However, implied
volatility is only one piece of the puzzle when putting
together an options trading strategy.
Eutelsat Partners with Intelsat and SES in U.S. C-Band Spectrum Proposal
Posted: 12 July 2018
LUXEMBOURG & PARIS--(BUSINESS
WIRE)--Leading
global satellite operators Intelsat S.A. (NYSE: I), SES (Euronext Paris:
SESG) and Eutelsat (Euronext Paris: ETL) announced today that they are
aligned on a market-based proposal for the future use of the lower
C-band spectrum in the U.S. Eutelsat has agreed to join the breakthrough
proposal initiated by Intelsat, Intel and SES.
Is
the Options Market Predicting a Spike in Intelsat (I) Stock?
Posted: 10 July 2018
Investors in Intelsat S.A. (I) need to pay close attention
tot he stock based on moves in the options market lately.
That is because the Sep. 21, 2018 $17.50 Put had some of the
highest implied volatility of all equity options today.
What
is Implied Volatility?
Implied volatility shows how much movement the market is
expecting in the future. Options with high levels of implied
volatility suggest that investors in the underlying stocks
are expecting a big move in one direction or the other. It
could also mean there is an event coming up soon that may
cause a big rally or a huge sell off. However, implied
volatility is only one piece of the puzzle when putting
together an options trading strategy.
[$$]
Intelsat Investors' Patience Pays Off
Posted: 27 June 2018
Corp. last year are
looking smart after federal regulators proposed opening up Intelsat
spectrum to 5G wireless. A tie-up with SoftBank-backed satellite
startp OneWeb Ltd. collapsed last year when Intelsat creditors rebelled
against taking a big discount on their claims, wagering that better days
were ahead for the deeply indebted satellite operator. Holders of
$900 million in debit issued by the Intelsat Luxembourg SA subsidiary
were rewarded as prices on their
debt rebounded to 80.75 cents on the dollar Wednesday from 51 cents
after the merger collapsed.
Click
HEREfor
further details from The
Wall Street Journal
Shares closed down today at $17.22/share
Why AeroVironment, Intelsat, and World Wrestling Entertainment Jumped
Today
Posted: 27 June 2018
Find out which of these three companies gave up its
gains late in the day
Steven
Symington (TMFSymington) June 27, 2018 at 5:07PM
Stocks fell on Wednesday amid persistent worries over U.S.
trade policy, giving up earlier gains as the Trump
administration opted to use existing law to restrict Chinese
investments in the United States. This marked a
softer-than-expected stance that initially eased concerns
over the fallout of a potential trade war between the two
countries.
But
some individual stocks largely bucked the negative trend.
Read on to learn why AeroVironment(NASDAQ:AVAV), Intelsat(NYSE:I),
and World Wrestling
Entertainment(NYSE:WWE) each
rallied today.
Click
HEREfor
further details from The Motley Fool.
Why Intelsat Stock Popped 21% This Morning
Posted: 27 June 2018
Kerrisdale Capital calls Intelsat a $150 Stock
Rich
Smith (TMFDitty) June 27, 2018 at 12:26PM
What happened
Shares of Intelsat (NYSE:I) jumped
21% in early trading Wednesday after analysts at Kerrisdale
Capital issued a series of tweets outlining its bull thesis
for the satellite operator's stock. The shares have fallen
back to a still-respectable 10.8% gain as of 11 a.m. EDT,
however, as investors ask a very important question:
Does Kerrisdale Capital it know what it's
talking about?
Click
HEREfor
further details from The Motley Fool.
Shares closed down today at $17.67/share
Kerrisdale Goes Long
Intelsat, SES: 'Headed to the Moon'
Posted: 27 June 2018
Hedge
fund Kerrisdale Capital, which is well-known for its short
selling, took the other side of the trade and disclosed two
new long positions on Wednesday. In a new report,
Kerrisdale said Wednesday that under-the-radar spectrum
plays Intelsat SA (NYSE: I) and SES SA (OTC: SGBAF)
are headed "to the moon." Kerrisdale has benerally
been bearish on over-hyped spectrum plays in recent years,
but the firm said Intelsat and SES are exceptions.
"Intelsat and SES hold the keys to the right frequencies, in
the right way, at the right time, without the irreconcilable
interference issues that have best other spectrum stoires,"
Kerrisdale wrote.
C-Band is Key
The
firm estimates the two companies have roughly $60 billion in
asset value, making Intelsat stock worth $151 per share and
SES stock worth $59 per share.
Because if you did, you cannot be too surprised to learn
that after running up so much earlier this week, Intelsat
stock is heading back south again here in the last few
minutes of the trading week -- down 9.8% as of 3:40 p.m.
EDT.
Some Think Intelsat's 500%
Rally This Year Is Just the Beginning
Posted: 20 June 2018
If the price is right, come on up. That seems
to be the message from Intelsat, a Luxembourg-based
satellite telecom company whose stock has blasted off some
450 percent since early April.
Intelsat is 23 percent
higher today alone, spurred by the Federal Communications
Commission’s likely adoption of its C-band spectrum this
week, says RBC Capital Markets analyst Wilton Fry. The
stock’s on pace to close at its highest in more than four
years.
Why Intelsat Stock Just Popped 22%
Posted: 20 June 2018
The space company's shares are rocketing following an
analyst upgrade
Rich
Smith (TMFDitty) June 20, 2018 at 1:07PM
What happened
Shares of satellite communications specialist Intelsat (NYSE:I) stock
are rocketing again Wednesday. Up nearly 24% at one point
this morning, they're still hanging on to a gain of 22% as
of 12:15 p.m. EDT.
For this, you can thank the friendly analysts
at RBC Capital Markets, who just upgraded Intelsat stock to
outperform.
Click
HEREfor
further details from The Motley Fool.
Intelsat Partners with Globo
to Demonstrate 8K Video Transmission During the World Cup
Posted: 15 June 2018
LUXEMBOURG & RIO DE JANEIRO--(BUSINESS
WIRE)--
Intelsat (NYSE:I), operator of the world's
first Globalized Network and leader in integrated satellite
communications, will partner with Globo, one of the largest broadcasters
in Latin America, to demonstrate live 8K video transmissions in Brazil
for the 2018 World Cup.
Intelsat's stock has posted explosive gains due to hints
that the Federal Communications Commission (FCC) is leaning
toward approving one of the company's most important service
initiatives. Shares also gained on news that the company had
brought on a new vice president for its Latin America and
Caribbean geographic segment.
Click
HEREfor
further details from The Motley Fool.
Shares closed today at $16.81/share
Intelsat (I) in Focus:
Stock Moves 7.6% Higher
Posted: 13 June 2018
Intelsat S.A.I
was a big mover last session, as the company saw its shares rise nearly
8% on the day. The move came on solid volume too with far more shares
changing hands than in a normal session. This continues the recent
uptrend for the company as the stock is now up 16.8% in the past
one-month time frame.
Click
HEREfor
further details from Zacks Equity Research.
Shares closed today at $15.81/share
Why You Need To Look At
This Factor Before Buying Intelsat SA. (NYSE:I)
Posted: 12 June 2018
If you are looking to invest in Intelsat SA.’s (NYSE:I),
or currently own the stock, then you need to understand its beta in
order to understand how it can affect the risk of your portfolio. The
beta measures I’s exposure to the wider market risk, which reflects
changes in economic and political factors. Not every stock is exposed to
the same level of market risk, and the broad market index represents a
beta value of one. A stock with a beta greater than one is considered
more sensitive to market-wide shocks compared to a stock that trades
below the value of one.
Click
HEREfor
further details from Simply Wall St.
Shares closed today at $15.95/share
Wired News - Intelsat
Broadens Partnership with Myanmar to Advance National Netork
Infrastructure Deployment Posted: 5 June 2018
LONDON, UK / ACCESSWIRE / June 5, 2018 / On
June 01, 2018, the Company announced that it has signed a deal with the
Ministry of Transport and Communications of Myanmar ("MOTC") to
accelerate the deployment of the wireless communications infrastructure
in Myanmar. The MOTC will utilize services on Intelsat 39, a Ku- and
C-band satellite, which is scheduled to replace Intelsat 902 at 62° East
in 2019. .
Intelsat Joins Smart
Africa to Help Accelerate Africa's Digital Transformation
Posted: 5 June 2018
LUXEMBOURG--(BUSINESS WIRE)--Intelsat
S.A. (NYSE: I), operator of the world’s first Globalized Network and
leader in integrated satellite communications, announced that it has
joined Smart Africa during the Transform Africa Summit held in Kigali in
May 2018.
Click
HEREfor
further details fromv Business Wire.
Navarino Announces
Strategic Partnership with Intelsat
Posted: 4 June 2018
LUXEMBOURG--(BUSINESS WIRE)--
Navarino, the maritime industry's leading
technology company, announced today that it will add maritime
connectivity services from Intelsat S.A. to its portfolio of
connectivity solutions
Click
HEREfor
further details fromv Business Wire.
Why Intelsat Stock
Just Dropped 10%
Posted: 1 June 2018
Is Intelsat just a great big yo-yo in the sky?
Rich
Smith (TMFDitty) June 1, 2018 at 12:38PM
What happened
Sometimes, the stock market just doesn't make much
sense.
One
day after Intelsat (NYSE:I) stock
jumped 16% higher on little more than a
memo from HR, the stock is giving back its gains again
and tumbling 10.3% (as of noon EDT) -- despite Intelsat
actually having some positive news to report.
Click
HERE
for
further details from The Motley Fool
Shares closed today at $16.99/share
Why Intelsat Stock Popped
Another 16% Today
Posted: 31 May 2018
Rich
Smith (TMFDitty) May 31, 2018 at 1:00PM
What happened
Another day, another 10%-plus move for Intelsat (NYSE:I) stock.
It's
Thursday, and Intelsat is moving steadily higher in
afternoon trading, tipping the scales up 16.1% as of 12:12
p.m. EDT. The question is "why?"
Click
HERE
for
further details from The Motley Fool
Shares closed today at $17.85/share
Why Intelsat Popped 12% Today
Posted: 24 May 2018
Rich
Smith (TMFDitty) May 23, 2018 at 6:43PM
What happened
Intelsat (NYSE:I) stock
is off to the races -- yes,
again.
Shares of the heavily indebted satellite communications company closed 12.1%
higher on Wednesday, capping a five-day, 19% run-up that began late last
week when mergers and acquisitions (M&A) news site CTFN.com reported
that Intelsat was rumored to be "actively exploring possibilities for
divestments and other alternatives."
Click
HERE
for
further details from The Motley Fool
Shares closed today at $16.68/share
Uganda Joins Forces with Intelsat, ITSO and MTN to Accelerate 3G
Network Infrastructure Deployment in Rural Areas
Posted: 4 May 2018
Network Infrastructure from Gilat will Connect the
Communities of Bufundi in Rubanda and Kibuku in Ntoroko;
Enhance Economic and Social Programs
LUXEMBOURG & KAMPALA, Uganda & WASHINGTON--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE: I), operator of the world’s first Globalized
Network and leader in integrated satellite solutions,
announced that Uganda’s Communications Commission (UCC) will
utilize Intelsat satellite services and Gilat Satellite
Network’s ground infrastructure to advance the deployment of
3G wireless communications infrastructure and expand high
quality, affordable broadband access for businesses and
communities in rural areas of Uganda.
Why Intelsat Gave Back Some of Its Gains Today
Posted: 2 May 2018
Rich
Smith (TMFDitty) May 2, 2018 at 12:38PM
What happened
What
goes up...is coming back down. After soaring 33% after earnings
yesterday, Intelsat (NYSE:I) stock is giving back some of its gains
today, with shares down 9.4% as of 11:15 a.m. EDT. If you're an Intelsat
investor, you may be tempted to ask wy that is happening.
The better question:
Why not?
Click
HERE
for
further details from The Motely Fool.
Shares closed today at $12.31/share
Should You Be Concerned With Intelsat SA's (NYSE:I) -118.05%
Earnings Drop?
Posted: 1 May 2018
When
Intelsat SA.’s (NYSE:I)
announced its latest earnings (31 December 2017), I wanted to understand
how these figures stacked up against its past performance. The two
benchmarks I used were Intelsat’s average earnings over the past couple
of years, and its industry performance. These are useful yardsticks to
help me gauge whether or not I actually performed well. Below is a quick
commentary on how I see I has performed.
Click
HERE
for
further details from Yahoo Finance/Simply Wall Street.
Why Intelsat Stock Soared 33% Today
Posted: 1 May 2018
Investors shrug off
losses in hopes that cash will resume flowing soon.
Rich Smith (TMFDitty) May 1, 2018 at 4:50PM
What happened
Intelsat (NYSE:I) stock closed 33.4%
higher on Tuesday -- after being up as much as 41.9% at
one point during the day -- after the satellite operator
reported fiscal Q1 2018 earnings.
Click
HERE for
further details from The Motely Fool.
Intelsat Trades Higher After Reporting Q1 Sales Beat, EPS Loss
Posted: 1 May 2018
Satellite network
operator Intelsat SA I 3.27%, a leader in integrated satellite
communications, announced its first-quarter results Tuesday before the
open.
What Happened
The company
reported total revenue of $543 million against a $520.4-million
estimate. The revenue figure is $518 million excluding the effects of
the ASC 606 revenue recognition rules, Intelsat said. The satellite
provider reported a net loss of $66.8 million. Its adjusted EBITDA was
$418.6 million or $392.3 excluding ASC 606.
We have lost
contact with these members below. If you have any information on
how to contact them, please send us an EMail at:
info@myiraa.comm
Mike Brown Roderick Jones
Mafalda Lobo Joanne McCaskill-Stewart Ulla Rosell (spouse of Gunnar)
Ananda Sharnprapai
When D.C.'s Intelsat Building Blasted Off, it Gained a Lot of Attention
Posted: 29 April 2018
By John Kelly Columnist April 28 at
3:38 PM
As a recent D.C. transplant, I really enjoy your
articles. Have you ever done one on the
Intelsat building? And is it ever open for
tours?
- Ann Brooke, Washington
Answer Man has always thought that the
Intelsat building, at 4000 Connecticut Ave. NW, looks like
something from orbit: Skylab brought to Earth or the set of
“Space: 1999.” This seems appropriate, given its founding
tenant.
Click
HERE
for
further details from the Washington Post.
Implied Volatility Surging for Intelsat (I) Stock Options
Posted: 27 April 2018
Investors
in Intelsat
S.A.
need to pay close attention to the stock based on moves in the options
market lately. That is because the May 18, 2018 $7.50 Put had some of
the highest implied volatility of all equity options
today.
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
April 2018
Roya Shambayati
Why Intelsat Stock Just Popped (Another) 10%
Posted: 16 April 2018
An FAA contract win
is revealed, but are investors overreacting?
Rich Smith (TMFDitty) Apr 16, 2018 at 1:42PM
What
happened
Shares of communications satellite operator Intelsat (NYSE:
I) jumped more than 12% in early trading Monday, and remain
up 11.7% as of 1 p.m. EDT - continuing a trend that has seen
Intelsat stock book gains every day so far in April.
Shares closed today up $1.33 at $8.49/share (up 18.79%)
Click
HERE
for
further details from The Motley Fool.
Intelsat General Part of Team Selected to Build New Satellite
Navigation Payload for the Federal Aviation AdministrationsPosted: 16
16 16 April 2018
MCLEAN, Va.--(BUSINESS WIRE)--
Intelsat General, a wholly owned subsidiary of Intelsat
(NYSE: I), operator of the world's first Globalized Network,
today announced that it is part of a team of companies
awarded a new task order by the Federal Aviation
Administration (FAA) to develop and operate a satellite
payload to aid aircraft navigation, particularly precision
approaches to airports without dependene on ground-based
infrastructure.
Intelsat (I) in Focus: Stock Moves 8.3% Higher
Posted: 13 April 2018
Intelsat S.A.(I- Free
Report)
was a big mover last session, as the company saw its shares rise more
than 8% on the day. The move came on solid volume too with far more
shares changing hands than in a normal session. This continues the
recent uptrend for the company as the stock is now up 40.8% in the past
one-month time frame.
Why Intelsat Stock Just Jumped 12% (Again)
Posted: 10 April 2018
Rich Smith (TMFDitty) Apr 10, 2018 at 1:42PM
What
happened
Shares of communications satellite operator Intelsat(NYSE:I) jumped
more than 12% early Tuesday -- for
the second day in a row -- before closing the day up a
still-respectable 10.9%. Once again, the catalyst for the
move appears to have been a simple press release.
Shares closed today at $6.42/share
Click
HERE
for
further details from The Motley Fool
STN Extends Services on Galaxy 19 to Fuel Expansion in North America
Posted: 6 April 2018
LUXEMBOURG--(BUSINESS WIRE)--
Intelsat (NYSE:I), operator of the world's first Globalized
Network and leader in integrated satellite communications,
today announced that STN, the Satellite Telecommunications
Network, signed a multi-year extension with Intelsat for
satellite services supporting direct-to-home (DTH) and media
distribution services in North America via the Galaxy 19
satellite.
Shares closed today at $5.13/share.
Click
HERE
for
further details from Business Wire.
Why Intelsat S.A. Stock Gained 72% in February
Posted: 13 March 2018
Indications that the FCC could approve a new spectrum of wireless for
use sent Intelsat's share price soaring
Keith Noonan (TMFNoons) Mar 13, 2018 at 1:17PM
What happened Intelsat S.A. (NYSE:I) stock rose 72.2% in
February, according to data provided by S&P Global Market Intelligence.
Despite reporting disappointing quarterly results, the company could
have some positive catalysts for its business.
4
Numbers Tell Why Intelsat Stock Collapsed Last Week -- Then Exploded
Higher
Posted: 5 March 2018
Rich Smith (TMFDitty) Mar 5, 2018 at 9:31AM
Down 11% on Monday, then
up 28% on Tuesday --
then up another 8%, down 3%, and up 2% again as the week wound on. Last
week was certainly an eventful one for shareholders of satellite
communications company Intelsat (NYSE:I) --
and especially so on the days immediately following earnings.
Why Intelsat Stock Just Crashed to Earth And Why There is a Faint Hope it Can Soon Bounce Back
Posted: 26 February 2018
What happend
Shares of Intelsat (NYSE:I)are
down 14.7% as of 12:55 p.m. EST Monday after the
communications satellite specialist reported Q4 2017
earnings far short of analyst estimates.
New Global School to
Takeover Former Intelsat HQ
Posted: 10 February 2018
The massive former home of Intelsat S.A. in upper
Northwest D.C. will be converted in its entirety into one of the largest
private schools in the region, serving some 2,500 students — some who
live there, some who commute in.
Click
HERE for
further details from Bizjournals.com.
Private School with Global Ambition to Open in D.C. and China in 2019
Posted: 10 February 2018
An education company backed by U.S. and Chinese investors
is launching a global private school for students ages 3 to 18, with the
first two campuses scheduled to open next year in Washington and the
Chinese coastal city of Shenzhen.
Click
HERE for
further details from WashingtonPost.com.
Our Home in DC
Posted: 10 February 2018
Click
HERE for artistic rendering of the Whittle School's first
North American campus.
New Global School to
Takeover Former Intelsat HQ
Posted: 10 February 2018
The massive former home of Intelsat S.A. in upper
Northwest D.C. will be converted in its entirety into one of the largest
private schools in the region, serving some 2,500 students — some who
live there, some who commute in.
Click
HERE for
further details from Bizjournals.com.
Private School with Global Ambition to Open in D.C. and China in 2019
Posted: 10 February 2018
An education company backed by U.S. and Chinese investors
is launching a global private school for students ages 3 to 18, with the
first two campuses scheduled to open next year in Washington and the
Chinese coastal city of Shenzhen.
Click
HERE for
further details from WashingtonPost.com.
Our Home in DC
Posted: 10 February 2018
Click
HERE for artistic rendering of the Whittle School's first
North American campus.
Help Us Find These Members
Posted: 7 February 2018
We have lost
contact with these members below. If you have any information on
how to contact them, please send us an EMail at:
info@myiraa.comm
Mike Brown
Mafalda Lobo Joanne McCaskill-Stewart Ulla Rosell (spouse of Gunnar)
Ananda Sharnprapai
Welcome New Member
Posted: 14 January 2018
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
December 2017
Ben Pontano
Archive 2017
Welcome New Member
Posted: 8 November 2017
We are pleased to Welcome the following new member
to the Intelsat Retirees and Alumni Association:
November 2017
Dima Samata
Why Intelsat Stock Just Fell 14.5% Posted: 30
October 2017
What goes up must come down -- even
when your business centers around orbiting
satellites. That's the lesson Intelsat (NYSE:
I) investors
are learning this morning, as a downgrade from
investment banker UBS takes a big chunk out of
Intelsat's stock price. Down as much is 14.5% in
early morning trading, Intelsat shares are still off
by 7.4% as of 11:30 a.m. EDT.
Click HERE for
further details from Business Wire.
Today, Intelsat closed at $4.28/share.
Intelsat Stock
Just Crashed and Burned Posted: 30
October 2017
Easy come, easy go. That may soon
become the motto of investors in Intelsat(NYSE:I) stock.
Just a few weeks ago I was on these
pages writing about the astounding 20%
surge that Intelsat stock enjoyed after news
broke that the satellite communications company had
partnered up with Intel to
petition the FCC to open up certain radiofrequency
bands for "co-primary" use and satellite
communications. Three weeks later, Intelsat stock
has just experienced another 20% movement -- this
time in the other direction.
Click HERE for
further details from Business Wire.
Today, Intelsat closed at $4.50/share.
Intelsat Announces Third Quarter Results Posted: 26
October 2017
LUXEMBOURG--(BUSINESS
WIRE)--Intelsat S.A. (NYSE: I), operator
of the world’s first Globalized Network and leader
in integrated satellite communications, today
announced financial results for the three months
ended September 30, 2017.
Intelsat reported total revenue of $538.8 million
and a net loss attributable to Intelsat S.A. of
$30.4 million for the three months ended September
30, 2017.
Click HERE for
further details from Business Wire.
Today, Intelsat closed at $4.787/share.
Intelsat S.A. (I) in Focus: Stock Moves 16.6% Higher
Posted: 6 October 2017
Intelsat S.A. I was
a big mover last session, as the company saw its
shares rise nearly 17% on the day. The move came on
solid volume too with far more shares changing hands
than in a normal session. This continues the recent
trend for the company—as the stock is now up 25.7%
in the past one-month time frame.Click HERE for
more details from Intelsat.
Click HERE for
further details from Zachs Equity Research.
Today, Intelsat closed at $6.535/share.
Intelsat has announced the successful
launch of its 37e satellite aboard the Ariane 5
launch vehicle from the Guiana Space Center in
Kourou, French Guiana. (Fri., 29 September 2017).
Lift
off took place at 5:56 pm EDT and, with a confirmed
signal acquisition, the 37e satellite separated from
the rocket’s upper stage at 6:25 pm EDT.
Click HERE for
more details from Intelsat.
Click HERE for
further details from Capacity Media.
On 8 September 2017, The Motley Fool:
Thursday was a great day for Intelsat(NYSE:I) shareholders,
who saw their shares jump nearly 6% on no news at
all. But could Friday be even better?
Maybe. This morning, analysts at
investment banker Jefferies & Co. announced they are
upgrading Intelsat stock to "buy." Furthermore,
Jefferies is upping its price target on the stock --
doubling it from $2.50 per share to an even $5. With
the stock now selling for $4 a share, that works out
to a potential 25% profit for investors buying now.
So, great news, right?
On 8 September 2017, Intelsat shares
closed at $3.95/share; today, closed at $4.12/share
Click HERE for
further details from The Motley Fool.
Intelsat New High Yield Bonds Pave the Way for M&A
After Failed Softbank Deal
Posted: 27 June 2017
Luxembourg 1 June 2017 – Intelsat
S.A. (NYSE: I) (“Intelsat”)
today announced that the previously announced (i)
offer or offers to exchange (collectively, the “Exchange
Offers”) certain of the respective outstanding
senior unsecured notes (the “Existing
Notes”) issued by its indirect wholly-owned
subsidiaries, Intelsat Jackson Holdings S.A.,
Intelsat Connect Finance S.A., and Intelsat
(Luxembourg) S.A. (collectively, the “Issuers”)
and (ii) solicitation or solicitations of consents
(collectively, the “Consent
Solicitations”) to amend the indentures
governing the Existing Notes expired pursuant to
their terms at 12:00 midnight, New York City time,
on May 31, 2017. As of the expiration date,
the minimum tender conditions for the Exchange
Offers and Consent Solicitations had not been
satisfied. The Issuers have not accepted any
of the Existing Notes for exchange, any Existing
Notes tendered for exchange will be promptly
returned to holders, and the Exchange Offers and
Consent Solicitations have accordingly been
terminated.
Click HERE for
further details from Intelsat press release.
Intelsat Announces Termination of Debt Exchange
Offers and Anticipated Termination of Conditional
Combination Agreement with OneWeb and Share Purhcase
with SoftBank
Posted: 2 June 2017
Luxembourg 1 June 2017 – Intelsat
S.A. (NYSE: I) (“Intelsat”)
today announced that the previously announced (i)
offer or offers to exchange (collectively, the “Exchange
Offers”) certain of the respective outstanding
senior unsecured notes (the “Existing
Notes”) issued by its indirect wholly-owned
subsidiaries, Intelsat Jackson Holdings S.A.,
Intelsat Connect Finance S.A., and Intelsat
(Luxembourg) S.A. (collectively, the “Issuers”)
and (ii) solicitation or solicitations of consents
(collectively, the “Consent
Solicitations”) to amend the indentures
governing the Existing Notes expired pursuant to
their terms at 12:00 midnight, New York City time,
on May 31, 2017. As of the expiration date,
the minimum tender conditions for the Exchange
Offers and Consent Solicitations had not been
satisfied. The Issuers have not accepted any
of the Existing Notes for exchange, any Existing
Notes tendered for exchange will be promptly
returned to holders, and the Exchange Offers and
Consent Solicitations have accordingly been
terminated.
Click HERE for
further details from Intelsat press release.
Welcome New Members
Posted: 25 May 2017
We are pleased to Welcome the following new members
to the Intelsat Retirees and Alumni Association:
April
Misko Popovic
May
Dora Kaffey
Intelsat Commences Debt Exchange Offers Pursuant
to Conditional Combination Agreement with OneWeb
Posted: 25 March 2017
Intelsat S.A. (NYSE:I)
(“Intelsat”),
operator of the world’s first Globalized Network,
today announced that its indirect wholly-owned
subsidiaries, Intelsat Jackson Holdings S.A. (“Intelsat
Jackson”),
Intelsat Connect Finance S.A. (“ICF”),
and Intelsat (Luxembourg) S.A. (“Intelsat
Luxembourg”
and, together with Intelsat Jackson and ICF, the “Issuers”)
each has commenced an offer or offers to exchange
(collectively, the “Exchange
Offers”)
certain of its respective outstanding senior
unsecured notes for new Exchange Notes (as defined
below) on the terms described below.
ClickHEREfor
further details from Intelsat News Release
yesterday.
Per Yahoo Finance, I stock closed
today at $4.45/share.
Viacom to Deliver Digital Terrestrial Television
via Intelsat 33e
Posted: 25 March 2017
Intelsat EpicNGplatform
delivers higher performance, availability for DTT
distribution in Bulgaria.
Luxembourg, 21 March 2017 – Intelsat
(NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone,
today announced that telecom provider Vivacom, the
leading telecommunication service provider in
Bulgaria, will use the Intelsat 33e satellite to
distribute digital terrestrial television (DTT)
services throughout the country
ClickHEREfor
further details from Intelsat News Release on 21
March.
Per Yahoo Finance, I stock closed at
$4.17/share.
Intelsat and Orion Express Extend Agreement to
Deliver Media Services Across Russia Using Intelsat
26
Posted: 25 March 2017
Luxembourg, 20 March 2017 – Intelsat
(NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone,
today announced that Orion Express signed a
multi-year extension with Intelsat for satellite
services supporting direct-to-home (DTH) and media
distribution services in Russia via the Intelsat 15
satellite.
ClickHEREfor
further details from Intelsat News Release on 21
March.
Intelsat, Sentech Expand Media Distribution
Relationship on Intelsat 20 Satellite to Deliver
More Content Across Africa
Posted: 25 March 2017
Luxembourg, 20 March 2017 – Intelsat
(NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone,
today announced that Sentech, a leading broadcasting
signal distributor in Africa, has extended and
expanded its relationship with Intelsat to bolster
delivery of media services in sub-Saharan Africa.
ClickHEREfor
further details from Intelsat News Release on 21
March.
Welcome New Member
Posted: 17 March 2017
We are pleased to Welcome the following new member
to the Intelsat Retirees and Alumni Association:
March
Lilian Sy
Marlink and Intelsat Meeting the Growing
Connectivity Demands of the Maritime Passenger
Sector via Intelsat EpicNG
Posted: 13 March 2017
Bandwidth Delivered to Cruise and Passenger Vessels
Increases Three-fold asMarlinkand
IntelsatContinue
to Build on Momentum Created by Partnership
Luxembourg and Paris, 13 March 2017
– Intelsat S.A.
(NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone,
and Marlink announced today that their partnership
to deliver high throughput satellite (HTS) services
to cruise and passenger vessels using Intelsat EpicNGhas
contributed to an increase in bandwidth delivered on
Marlink’s Sealink VSAT service of more than 220
percent during 2016.
Per Yahoo Finance, I stock closed
down today at $4.12/share.
Intelsat and Kymeta Complete Major Milestones;
Intelsat Acquires Equity Stake in Kymeta
Posted: 8 March 2017
Luxembourg, Seattle, WA and
Washington, D.C., 07 March, 2017:After
achieving critical development milestones for the
mTennaTMantennas
combined with the introduction of KĀLOTMservices,
Intelsat, (NYSE: I) operator of the world’s first
Globalized Network, announced today that it has
acquired an equity stake in Kymeta.
Additionally, it was announced that Stephen
Spengler, Intelsat’s Chief Executive Officer, has
joined Kymeta’s board of directors.
Per Yahoo Finance, I stock closed
down today at $3.92/share.
Kymeta and Intelsat Announce KALOTM,
A New Service to Revolutionize How Satellite
Services Are Launched
Posted: 7 March 2017
In the week before the SATELLITE 2017 Conference &
Exhibition, one of the biggest stories in our
industry’s recent history broke with the news thatIntelsatandOneWebwould
merge, andSoftbankwould become
a key player behind the new combined entity.
SoftBank will buy voting and non-voting shares in
the combined company for $1.7 billion in cash and
take a 39.9 percent voting stake.
Per Yahoo Finance, I stock closed down today at
$3.66/share.
Intelsat CEO Assesses New Combination with
SoftBank
Posted: 7 March 2017
In the week before the SATELLITE 2017 Conference &
Exhibition, one of the biggest stories in our
industry’s recent history broke with the news thatIntelsatandOneWebwould
merge, andSoftbankwould
become a key player behind the new combined entity.
SoftBank will buy voting and non-voting shares in
the combined company for $1.7 billion in cash and
take a 39.9 percent voting stake.
ClickHEREfor
Satellite Today full article yesterday.
Why Intelsat Stock Just
Plunged Another 18%
Posted: 2 March 2017
ClickHEREfor
article which appeared in MotleyFool today
Per Yahoo Finance, I stock closed
down today at $3.65/share.
Welcome New Member
Posted: 1 March 2017
We are pleased to Welcome the following new member
to the Intelsat Retirees and Alumni Association:
February
Sandra Leon Bolourian
Why Intelsat Stock Sank
Posted: 1 March 2017
ClickHEREfor
article which appeared in MotleyFool today
Per Yahoo Finance, I stock closed
down today at $4.45/share.
Moody's Says Intelsat's Merger Agreement with OneWeb
is Credit Negative
Posted: 1 March 2017
Click HEREfor
article which appeared in Moody's.com today
SoftBank Cash Brings Intelsat and OneWeb to the
Merger Table Posted: 28 February 2017
PARIS — The intended merger of
satellite fleet operator Intelsat with start-up
Internet satellite constellation operator OneWeb,
financed by SoftBank, offers Intelsat something it
has not had with its previous acquirers: real
investment rather than a piling on of more debt.
Click HEREfor
article which appeared in SpaceIntelReport.com today
Intelsat Announces 4Q16 and Full-Year 2016 Results Posted: 28 February 2017
Intelsat
(NYSE: I) and OneWeb today announced that they have
entered into a definitive combination agreement
pursuant to which Intelsat and OneWeb will merge in
a share-for-share transaction. Intelsat and SoftBank
Group Corp.
Intelsat and OneWeb Announce Conditional Combination
Agreement Posted: 28 February 2017
Intelsat
(NYSE: I) and OneWeb today announced that they have
entered into a definitive combination agreement
pursuant to which Intelsat and OneWeb will merge in
a share-for-share transaction. Intelsat and SoftBank
Group Corp.
Intelsat Announces Successful Launch of Intelsat
32e,
Increasing Throughput for Broadband to Planes and
Ships
Navigating the High-Demand Caribbean and North
Atlantic Routes Posted: 17 February 2017
Third Satellite in the Intelsat EpicNGHigh-Throughput
Fleet, Now with Unmatched Resilience over One of the
World’s Most Trafficked Routes
Luxembourg, 14 February 2017 – Intelsat
S.A. (NYSE: I), operator of the world’s first
Globalized Network, powered by its leading satellite
backbone, today announced the successful launch of
the Intelsat 32e satellite aboard an Ariane 5 launch
vehicle from French Guiana. Liftoff occurred at
16:39 EST.The
satellite separated from the rocket’s lower stage at
17:06 EST and signal acquisition has been confirmed.
Romantis Goes 'Epic' for Enhance OU Services Using
Intelsat EpicNG Posted: 7 February 2017
Third Satellite in the Intelsat EpicNGHigh-Throughput
Fleet, Now with Unmatched Resilience over One of the
World’s Most Trafficked Routes
Luxembourg, 14 February 2017 – Intelsat
S.A. (NYSE: I), operator of the world’s first
Globalized Network, powered by its leading satellite
backbone, today announced the successful launch of
the Intelsat 32e satellite aboard an Ariane 5 launch
vehicle from French Guiana. Liftoff occurred at
16:39 EST.The
satellite separated from the rocket’s lower stage at
17:06 EST and signal acquisition has been confirmed.
Intelsat and Quantis Sign Agreement that will
Improve Broadband Services
in Europe and Africa via Intelsat EpicNG Posted: 31 January 2017
Intelsat 33e and Intelsat 37e high-throughput
satellites and IntelsatOne Flex for Enterprise
services will provide a simple path for global
expansion of broadband services
Luxembourg, 31 January 2017 – Intelsat
S.A. (NYSE: I), operator of the world’s first
Globalized Network, powered by its leading satellite
backbone, announced today that Quantis Global, one
of the leading broadband service providers in Europe
and Northern Africa, signed an agreement to enhance
and expand the Quantis network using services
provided by Intelsat EpicNGhigh-throughput
satellites (HTS) and IntelsatOne Flex services,
bringing higher performing broadband services across
the region.
Intelsat (I) Worth a Look:
Stock Adds 10.3% in Session
Posted: 30 November 2016
This article
appeared in Zachs.com yesterday:
InItelsat
S.A.(I)
was a big mover last session, as the company saw its shares rise above
10% on the day. The move came on solid volume with far more shares
changing hands than in a normal session. This continues the recent
uptrend for the company as the stock is now up almost 54% in the past
one-month time frame.
the date
of the last posting of Intelsat news on 28 July (Intelsat
Sees Epic Disrupting Entrenched Market Where Intelsat's a Major
Stakeholder, 27July 2016), Intelsat shares closed then at
$2.19. Subsequently, after the launch of Intelsat
33e and 36 on 24 August 2016, a number of events below occurred which
may have contributed to the upward trend to close at $3.75
today.
-
Intelsat Announces Exchange Offer and Consent Solicitation
of Certain Notes of Intelsat Jackson Holdings S.A., 8/29/16. Click
HERE
-
Encompass Digital Media Expands Its Relationship with
Intelsat in North America, 9/6/16.
Click
HERE
-
SET Expo Highlights 15%-30% Efficiency Gains Delivered by
Intelsat EpicNG, Newtec and Casablanca Online for 4K-UHDTV
Distribution, 9/7/16. Click
HERE
-
Intelsat EpicNG: Delivering on the Promise of High
Throughput with High Performance, 9/8/16. Click
HERE
-
Arqiva and Intelsat Renew International Distribution for
Premium Sports, 9/9/16. Click
HERE
-
STC Enhances VSAT Connectivity for Saudi Arabia's Oil & Gas
Market with Intelsat Satellite Solutions, 9/13/16. Click
HERE
-
Intelsat Announces Results to Date and Early Settlement Date
of September 15, 2016 or Exchange Offer, as well as Results
for Consent Solicitation of Certain Notes of Intelsat Jackson
Holdings S.A., 9/13/16. Click
HERE
-
Silver Lake Directors to Leave Intelsat S.A. Board at Year
End, 10/12/16. Click
HERE
- Nine Network Australia Selects Intelsat to Distribute
Domestic Television Programming, 10/24/16. ClickHERE
-
Global Eagle Entertainment and Intelsat Sign 'Epic'
Expansion Deal, 10/26/16. ClickHERE
-
Intelsat Announces Third Quarter 2016 Results, 10/27/16. ClickHERE
-
Prices Go Down and Satellite Communications Goes Up,
10/31/15. ClickHERE
-
HBO Marks 25 Years as a Pioneer of Content Distribution to
Latin American Using Intelsat Satellites, 11/1/16.
ClickHERE
-
Intelsat Signs Extension with Sonema to Support Enterprise
Networks in Africa, 11/15/16.
ClickHERE
-
Telecom Egypt Enhances VSAT Connectivity for Critical
Government Applications in Country with Intelsat, 11/15/16. ClickHERE
-
Gogo Adds Intelsat 29e Services to Provide Broadband
Connectivity for Aircraft Crossing the North Atlantic,
11/17/16. ClickHERE
-
Marlink Secures Global Intelsat EpicNG Coveerage for
Maritime Customers with Agreement for Services on Horizons
3e, 11/17/16.
ClickHERE
Welcome New Members Posted: 1 November 2016
We are
pleased to Welcome the following new members to the Intelsat Retirees
and Alumni Association: October
Anthony Busog David Wootten
Transforming Our Lives Exhibit at the National Electronics Museum Posted: 28 September 2016
Things are
moving ahead at light speed now that David Fridberg has come one as the
designer of the Space Gallery at the National Electronics Museum.
We have now raised $600 for the exhibit with the latest contributions
from Northrop Grumman and the Clarke Foundation. If all goes well,
the design reflected in the PDF file (see NEW Design below) should be in
place by around April 2016.
Please take a look at
this exciting design. It is not too late to be recognized as a major
contributor or assist with augmenting some of our interactive exhibits.
We wish to thank key contributors John Puente and David Lee who have
really made this all possible and put us over the top for the Arthur C.
Clarke Theater and the hard working committee of Denis Curtin, Maury
Mechanick, Ellen Hoff, Ruth Pritchard Kelly, Scott Chase and of course
NEM Director Michael Simons.
Intelsat 33e / 36 Launch Successful! Posted: 24 August 2016
Arianespace successfully launched its fourth Ariane 5
mission of the year with the deployment of two more telecommunication
satellites from the European Spaceport in Kourou today. The launch
of Intelsat 33e and Intelsat 36 marked the heaviest launch to date for
the European workhorse, with liftoff in the middle of the launch window
at 22:17 UTC
Click
HERE for further
details by NASA Spaceflight.com.
The Intelsat 33e and Intelsat 36
satellite launch mission was successful today. Liftoff occurred at
6:16 p.m. EDT. The Intelsat 33e satellite separated from the
rocket's upper stage at 6:44 p.m. EDT, and signal acquisition has been
confirmed. The Intelsat 36 satellite separated from the rocket's
lower stage at 6:57 p.m. EDT, and signal acquisition has been confirmed.
Intelsat Sees Epic Disrupting
Entrenched Market Where Intelsat's a Major Stakeholder
Posted: 28 July 2016
PARIS – 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.
Intelsat's Financial Activities Posted: 23 July 2016
Several members
have inquired about recent reports concerning Intelsat's
financial activities.
Members, after logging into Members zone of website, please click either
Health Benefits or Pension Benefits tabs for further information.
Working Double Time: Intelsat's Next Launch Posted: 18 July 2016
Spacenews 15 July 2016: Intelsat has launched two
satellites already in 2016:Intelsat
29e,
the first of our Intelsat EpicNGhigh
throughput satellites was launched in January, andIntelsat
31,
providing media services over Latin America, was launched in May. Next
on our schedule is the dual launch of Intelsat 33e and Intelsat 36, set
for 24 August 2016 aboard an Ariane 5 vehicle from Kourou, French
Guiana.
Intelsat Announces
Expiration, Final Results and Anticipated Settlement of Tender Offers
for Certain Notes of Intelsat Jackson Holdings S.A.
Posted: 18 July 2016
Luxembourg, July 15, 2016 Intelsat S.A.
(NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone,
today announced the expiration of the previously
announced tender offers (the “Tender Offers”) by
Intelsat S.A.’s indirect wholly-owned subsidiary,
Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), to
purchase its 6 ⅝% Senior Notes due 2022 (the “2022
Notes”), 5 ½% Senior Notes due 2023 (the “2023 Notes”)
and 7 ½% Senior Notes due 2021 (the “2021 Notes,” and
together with the 2022 Notes and the 2023 Notes, the
“Notes”), for up to $463,000,000 in aggregate cash
consideration (excluding accrued and unpaid interest on
the Notes and fees and expenses related to the Tender
Offers), subject to certain terms and conditions
Moody's Assigns B1 Rating to Intelsat's Senior Secured Notes: Affirms
Caa2 CFR Posted: 13 July 2016
$490 million of new notes rated
Toronto, July 13, 2016 -- Moody's Investors Service
(Moody's) assigned a B1 rating to Intelsat Jackson
Holdings S.A.' s (Jackson) $490 million senior secured
notes and, as part of the same rating action, affirmed
Intelsat S.A.'s (Intelsat) Caa2 corporate family rating
(CFR), Caa3-PD/LD probability of default rating (PDR).
With Jackson's 6.625% notes due 2022 having recently
been guaranteed, Moody's upgraded their rating to Caa2
from Caa3. All other debt instrument ratings in the
corporate family were affirmed (see ratings listing
below). Intelsat's speculative grade liquidity rating
was also affirmed, at SGL-3 (adequate liquidity), and
its rating outlook was maintained at negative.
Strength Seen in Intelsat (I): Stock Moves 7.4% Higher Posted: 11 July 2016
Intelsat S.A.I
was a big mover last session, as the company saw its
shares rise over 7% in the day. The move came on
solid volume too with far more more shares changing
hands than in a normal session. This breaks the
recent trend of the company since Jun 22, as the stock
is now trading above the volatile price range $2.15 to
$2.58.
Click
for
HERE
further details by Zacks Equity Research via Yahoo.
Intelsat and AfricaOnline Partner to Accelerate Internet
Broadband Connectivity across Sub-Saharan Africa
Posted: 4 July 2016
Luxembourg, 04 July 2016 –Intelsat
S.A. (NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone,
announced that it has partnered with AfricaOnline, a
wholly-owned subsidiary of Gondwana International Networks,
a leading provider of communications solutions across
Africa, to provide a managed broadband internet service for
sub-Saharan Africa.
Intelsat Announces Prive Placement to Repurchase Debt after Bank Route
Blocked Posted: 30 June 2016
TOULOUSE, France – Satellite fleet operator Intelsat,
stymied in attempts to obtain investment-bank underwriting support for a
debt repurchase because of 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.
Intelsat Announces Entry into Note Purchase Agreement; Reduces Maximum
Payment Amount and Extends Expiration Date of Tender Off for Certain
Notes of Intelsat Jackson Holdings S.A. to July 14, 2016 Posted: 30 June 2016
Luxembourg, 30 June 2016 Intelsat S.A.
(NYSE: I), operator of the world’s first Globalized Network, powered by
its leading satellite backbone, today announced that its subsidiary,
Intelsat Jackson Holdings S.A. (“Intelsat Jackson”) has entered into a
purchase agreement with a number of institutional investors pursuant to
which Intelsat Jackson agreed, subject to the satisfaction of customary
conditions, to issue in a private placement $490 million aggregate
principal amount of 9.50% senior secured notes (the “New Notes”) with a
discount of 2.0%.
Intelsat Announces Extension of Expiration Date of Tender Offer for
Certain Notes of Intelsat Jackson Holdings S.A. to June 29, 2017 Posted: 23 June 2016
LUXEMBOURG--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE: I), operator of the world’s first Globalized Network,
powered by its leading satellite backbone, today announced that its
subsidiary, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”) has
extended the Expiration Date and Withdrawal Deadline for its previously
announced tender offers (the “Tender Offers”) to purchase its 6 5⁄8%
Senior Notes due 2022 (CUSIP No. 45824TAM7) (the “2022 Notes”), 5 1⁄2%
Senior Notes due 2023 (CUSIP No. 45824TAP0) (the “2023 Notes”) and 7
1⁄2% Senior Notes due 2021 (CUSIP No. 45824TAG0) (the “2021 Notes” and,
together with the 2022 Notes and the 2023 Notes, the “Securities”) for
up to $625,000,000 in aggregate cash consideration (excluding accrued
and unpaid interest on the Securities and excluding fees and expenses
related to the Tender Offers). All Securities tendered in the Tender
Offers by the Expiration Date and accepted for payment will receive the
Total Consideration, which includes the Early Tender Premium (each as
defined in the amended and restated Offer to Purchase dated as of May
17, 2016 (the “Offer to Purchase”)).
Request for Nominations to the IRAA Board
Posted: June 23, 2016
Three
IRAA Board Director positions will become vacant later this year in
October.
Your
nomination(s) must be received not later than July 27, 2016. It
must indicate acceptance by the proposed candidate(s). Shortly
after that date, the Board will provide a ballot to all active members
to permit voting.
Please send your proposed nomination(s) either electronically to: info@myiraa.com
Or
by regular mail to:
Intelsat Retirees and Alumni
Association – Nominations
P.O. Box 40027
Washington, DC 20016-0027
Members,
login and Click BOD Elections for further details after July 27,
2016.
Intelsat
SA - Value Analysis (NYSE: I): June 13, 2016 Posted: 13 June 2016
Capital Cube gives Intelsat SA a score of 25.
O
ur
analysis is based on comparing Intelsat SA with the
following peers – Globalstar, Inc., Iridium Communications
Inc., Global Eagle Entertainment, Inc., Loral Space &
Communications Inc. and Harris Corporation (GSAT-US,
IRDM-US, ENT-US, LORL-US and HRS-US).
Intelsat
shares dropped 20.65% today to close at $2.69.
Powerful
SSL-Built Satellite for Intelsat Begins Post-Launch Maneuvers According
to Plan Posted: 10 June 2016
PALO ALTO, CA,June
10, 2016/CNW/
- Space Systems Loral (SSL),
a leading provider ofcommercial
satellites,
today announced that a high-power satellite designed and
built for Intelsat S.A.
(NYSE: I), operator of the world's first Globalized Network,
powered by its leading satellite backbone, was launched
yesterday and is successfully performing post-launch
maneuvers according to plan. The satellite,Intelsat
31,
deployed its solar arrays on schedule following its launch
aboard aProton
Breeze M vehicle
provided byInternational
Launch Services (ILS).
It will begin firing its main thruster tomorrow in order to
propel it toward its final geostationary orbit. The
satellite will be used for broadcast services inLatin
America.
Intelsat
Announces Successful Launch of Intelsat 31 Posted: 9 June 2016
Luxembourg, 09 June 2016 – Intelsat
S.A. (NYSE: I), operator of the world’s first Globalized Network,
powered by its leading satellite backbone, announced the successful
launch of the Intelsat 31 satellite, which is hosting the DLA-2 payload
for DIRECTV Latin America. Intelsat 31 was launched from the
Baikonur Cosmodrome, Kazakhstan aboard an ILS Proton launch
vehicle. Liftoff occurred at 7:10 GMT. The
Intelsat 31 satellite separated from the rocket’s upper stage at 22:41
GMT, and signal acquisition has been confirmed.
Intelsat
Announces Extension of Expiration Date of Tender Offer for Certain Notes
of Intelsat Jackson Holdings S.A. and that All Notes Tendered by
Expiration Date and Accepted Will Receive Early Tender Premium Posted: 9 June 2016
Luxembourg, 09 June 2016 – Intelsat S.A. (NYSE:I), operator of the
world’s first Globalized Network, powered by its leading satellite
backbone, today announced that its subsidiary, Intelsat Jackson Holdings
S.A. (“Intelsat Jackson”) has extended the Expiration Date and
Withdrawal Deadline for its previously announced tender offers (the
“Tender Offers”) to purchase its 65/8%
Senior Notes due 2022 (CUSIP No. 45824TAM7) (the “2022 Notes”), 5½%
Senior Notes due 2023 (CUSIP No. 45824TAP0) (the “2023 Notes”) and 7½%
Senior Notes due 2021 (CUSIP No. 45824TAG0) (the “2021 Notes” and,
together with the 2022 Notes and the 2023 Notes, the “Securities”) for
up to $625,000,000 in aggregate cash consideration (excluding accrued
and unpaid interest on the Securities and excluding fees and expenses
related to the Tender Offers).
Click
HERE for further details by Intelsat.
Welcome
New Members Posted: 7 June 2016
We are
pleased to Welcome the following new members to the Intelsat Retirees
and Alumni Association:
April -
May
Tony Berntzen Sue
Decker
Ati Kadarmanto-Olson
Tom Kombo
Angela Kummel Cindy Liu
Sheela Pinto Robert Lambert Norm Ronquillo
OPT
French Polynesia Expands Relationship with Intelsat to Meet Growing
Broadband Demands Across Region Posted: 6 June 2016
Luxembourg and Singapore, 07 June 2016 – Intelsat
(NYSE: I), operator of the world’s first Globalized Network,
powered by its leading satellite backbone, announced today that Office
des Postes et Telecommunications of French Polynesia (OPT) signed a new
and expanded contract for Ku-band satellite solutions on Intelsat 18,
located at 180° East.
MUSC Children's Hospital Fundraiser Run
Posted: 5 June 2016
Earl Main, a
former Intelsat staffer/colleague, IRAA member and friend to
many who will remember his dream marathon run of 3,000 miles to
raise money for Children's Hospital in 1999 commencing on
Memorial Day from San Francisco and stopping in Washington, DC,
on Labor Day to be joined by several other Intelsat employees to
finish the run at Ocean City, MD. Earl has been a long
time youth sports advocate and he is still at it these days.
Although not running in his home state of South Carolina, Earl
is one of the spokespersons for a team of 6 teens and 4 adults
between the ages of 14 and 66, who will be running across the
entire state of South Carolina beginning next Sat. 11th June and
ending 15 days later on 26th June, running an average of 20
miles a day.
If you would like to support this worthy cause, please make your
check payable to:
MUSC Children's Hospital (pls write "MUSC Children's Hospital
300" on the memo line)
Mail your donation to the following address:
Wanda H. Bazemore
Associate Director of Development Director Major Events
MUSC Children's Hospital 59 Bee Street Charleston, SC
29425
Or you may make a direct
donation to the Hospital via the link below.
Intelsat Announces Extension of Early Tender Date for Certain Notes of
Jackson Holdings S.A. Posted: 1 June 2016
LUXEMBOURG--(BUSINESS WIRE)--(BUSINESS
WIRE)--Intelsat
S.A. (NYSE:I),
operator of the world’s first Globalized Network, powered by
its leading satellite backbone, announced (1 June 2016) that
KDDI Corporation (KDDI), a Japan-based global
telecommunications company, is utilizing Intelsat’s
next-generation high throughput satellite platform, Intelsat
EpicNG
SM, to provide cost-effective,
regionalized, video contribution and backhaul services at
the upcoming Games in Rio de Janeiro, Brazil.
Intelsat and KDDI Turn Rio into the First EpicNG Games Posted: 1 June 2016
Luxembourg, 1 June 2016--Intelsat
S.A. (NYSE:I),
operator of the world’s first Globalized Network, powered by
its leading satellite backbone, announced today that KDDI
Corporation (KDDI), a Japan-based global telecommunications
company, is utilizing Intelsat’s next-generation high
throughput satellite platform, Intelsat EpicNG
SM, to provide cost-effective,
regionalized, video contribution and backhaul services at
the upcoming Games in Rio de Janeiro, Brazil.
STC Expands Relationship with Intelsat to Drive Broadband Growth in
Saudi Arabia Posted: 1 June 2016
LU
XEMBOURG
& SINGAPORE--(BUSINESS
WIRE)--Intelsat
(NYSE: I), operator of the world’s first Globalized Network,
powered by its leading satellite backbone, announced (30 May
2016)
that Saudi Telecommunication Company (STC), a
provider of integrated mobile, fixed and broadband
communications services, has expanded its relationship with
Intelsat and entered into a new contract for satellite
services on Intelsat 15 located at 85.15° East.
Myanmar Implements Intelsat Satellite Solutions to Advance 2G and 3G
Wireless Network Infrastructure Deployment Goals Posted: 27 May 2016
LU
XEMBOURG
& SINGAPORE--(BUSINESS
WIRE)--Intelsat
(NYSE: I), operator of the world’s first Globalized Network,
powered by its leading satellite backbone, announced today
that the Ministry of Transport and Communications (MOTC) of
Myanmar will utilize services on two Intelsat satellites to
advance the deployment of the country’s wireless
communications infrastructure, and expand broadband access
for businesses.
Intelsat Says
Lower Epic Satellite Prices Offset by Higher Demand Posted: 25 May 2016
PARIS -- Satellite fleet operator Intelsat on May 24 said
pricing pressure on its new high-throughput Epic satellite was stronger
than forecast but was being compensated by higher-than-expected volume
demand.
Eutelsat delivered a dramatic revenue and profit warning May 12 that’s
causing the entire satellite sector – bandwidth providers, customers,
rocket and satellite builders, credit-rating agencies, the whole lot —
to ask themselves the Jaws question.
You
recall the scene: a swimmer’s body washes up on the beach in
pieces. To prevent a panic and preserve the tiny tourist
town’s vital summer trade, the coroner ascribes the death to
a “boat accident.”
Then
an outside expert reviews the evidence. His voice dripping
with ridicule, he turns to the coroner and says: “This is
not a boat accident! … It was a shark.”
Moody's Affirms Intelsat's Caa2 and Caa-3PD PDR Posted: 18 May 2016
NOTE: On May 18, 2016, the press
release was corrected as follows: In the debt list, under Intelsat Jackson
Holdings S.A, “Senior Secured Bond, Affirmed at B1 (LGD1)” was added as the
first line. Revised release follows.
Toronto, May 17, 2016 -- Moody's Investors Service (Moody's
) affirmed Intelsat S.A.'s (Intelsat) Caa2 corporate family
rating (CFR), Caa3-PD probability of default (PDR), and the
ratings for all outstanding debt instruments in the
corporate family (see ratings listing below) following the
company's announcement of an exchange offer, at a
significant discount to their face value, of certain debts
issued by Intelsat Jackson Holdings S.A. (Jackson).
Intelsat
Amends Tender Offers for Certain Notes of Intelsat Jackson Holdings S.A. Posted: 18 May 2016
Yesterday, Luxembourg, 17 May 2016 Intelsat S.A., the world’s
leading provider of satellite services today announced that its subsidiary,
Intelsat Jackson Holdings S.A. (“Intelsat Jackson”), has amended the terms
of its previously announced tender offers (the “Tender Offers”) to purchase
its 6 ⅝% Senior Notes due 2022 (CUSIP No. 45824TAM7) (the “2022 Notes”), 5
½% Senior Notes due 2023 (CUSIP No. 45824TAP0) (the “2023 Notes”) and 7 ½%
Senior Notes due 2021 (CUSIP No. 45824TAG0) (the “2021 Notes” and, together
with the 2022 Notes and the 2023 Notes, the “Securities”) for up to
$625,000,000 in aggregate cash consideration (excluding accrued and unpaid
interest on the Securities and excluding fees and expenses related to the
Tender Offers) (the “Maximum Payment Amount”).
.
Intelsat
Announces Tender Offers for Certain Notes of Intelsat Jackson Holdings
S.A. Posted: 13 May 2016
Yesterday, Luxembourg,
12 May 2016, Intelsat S.A., the world's leading provider of satellite
services today announced that its subsidiary, Intelsat Jackson Holdings S.A.
("Intelsat Jackson"), is commencing a tender offer (the "Tender Offer") to
purchase its 6 5/8% Senior Notes due 2022 (CUSIP No. 45824TAM7) (the "2022
Notes"), 5 1/2% Senior Notes due 2023 (CUSIP No. 45824TAP0) (the "2023
Notes") and 7 1/2% Senior Notes due 2021 (CUSIP No. 45824TAG0) (the "2021
Notes" and, together with the 2022 Notes and the 2023 Notes, the
"Securities") for up to $625,000,000 in aggregate cash consideration
(excluding accrued and unpaid interest on the Securities and excluding fees
and expenses related to the Tender Offers) (the "Maximum Payment Amount").
. Click
HERE
for further details from Intelsat.
Intelsat shares closed today at $3.46.
Eutelsat Forecast Sends Shivers Through Satellite Markets Posted: 13 May 2016
PARIS - Eutelsat on May 12 deliverd a multiple-marhead bomb to tis investors
-- and by extension to the entire fixed satellite services industry --
slashing revenue forecasts on weakeness in its data transmissions, U.S.
military, consumer broadband and Latin American operations and even in its
gilded Hot Bird direct-to-home television business in Europe.
Intelsat
SA: I-US: Earnings Analysis: Q1, 2016 By the Numbers Posted: 6 May 2016
On 5 May 2016, Capital Cube
reported that Intel SA reports financial results for the quarter ended
March 31, 2016. We analyze the earnings along side the following
peers of Intelsat SA - Iridium Communictions Inc. and Harris Corporation
(IRDM-US and HRS-US) that have also reported for this period.
Intelsat:
No News on Debt Restructuring, Good News on Performance of 1st Epic
Satellite Posted: 2 May 2016
On 29 April 2016, SpaceNews reported that Intelsat "...said
tests of its first Epic-class satellte, Intelsat 29e, have confirmed the
performance levels the company had been predicting and that the
satellite would enter service by late May."
Intelsat
First Quarter 2016 Commentary Posted: 28 April 2016
ClickHEREfor
Intelsat’s first quarter performance summary and commentary.
Intelsat
Announces Conversion Ratio for the 5.75% Series A Mandatory Convertible
Junor Non-Voting Preferred Shares Posted: 27 April 2016
Luxembourg, 27 April 2016 –Intelsat
S.A. (NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone, today
announced that the conversion ratio for the Company’s
3,450,000 5.75% Series A Mandatory Convertible Junior
Non-Voting Preferred Shares (the Series A Preferred shares)
has been determined.
Intelsat
and Harmonic Deliver Ultra
High Definition and High Dynamic Range Demo Channel to the Americas Posted: 18 April 2016
Intelsat will expand its UHD and HDR demo channel for Latin
America viewing via Intelsat 14 at 315° East, an emerging
media platform in Latin America
NAB Show, Las Vegas and Luxembourg, 18 April
2016 –Intelsat
S.A. (NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone, and
Harmonic (NASDAQ: HLIT), the worldwide leader in video
delivery infrastructure, today announced the expansion of
their linear 4K Ultra High Definition (UHD) demonstration
channel, HVN Intelsat UHD, to include the Latin American
region. The HVN Intelsat UHD channel was created to showcase
and facilitate the introduction of compelling UHD and High
Dynamic Range (HDR) content and its ability to create viewer
interest and loyalty..
telsat
and Encompass Digital Media Deliver Programming to 64 Million Households
Across North America Posted: 18 April 2016
Luxembourg, 18 April 2016–
Intelsat S.A. (NYSE: I), operator of the world’s first Globalized
Network, powered by its leading satellite backbone, announced today that
Encompass Digital Media, a global technology services company delivering
end-to-end video solutions to broadcast and media companies, has renewed
and expanded its contract, utilizing Intelsat’s powerful Galaxy fleet
and premier video neighborhoods to deliver high-quality standard
definition (SD) and high definition (HD) content to 64 million
households across North America.
Orbital ATK Starts Up a Space Tow Truck Service Posted: 17 April 2016
Up, down. Up again, down again. If you watch
the comings and goings ofastronauts
visiting the International Space Station,
you might get the impression that folks generally think of
space as a nice place to visit, but they wouldn't want to
stay up there.
Intelsat's
Premier Video Neighborhoods to Distribute BBC World News Channel to
Millions of Viewers around the Globe
Posted: 15 April 2016
Intelsat S.A. (NYSE: I), operator of the world’s first
Globalized Network, powered by its leading satellite backbone, announced
today that BBC World News, a leading global news TV channel, has renewed
and expanded its contract for use of multiple Intelsat premier video
neighborhoods and the IntelsatOne® terrestrial network to distribute
high-quality standard definition (SD) and high definition (HD) content
across several continents.
Intelsat
Signs Up for Orbital's Satellite Life-Extension Service
Posted: 12 April 2016
Intelsat SA will be the first customer for Orbital ATK Inc's new service
that will use robotic vehicles to fix damaged satellites in space, the
companies said on Tuesday.
Pioneers in Space: Orbital ATK Announces
Intelsat as Anchor Customer for New Satellite Life Extension Service
Posted: 12 April 2016
Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense
technologies, today announced that Intelsat, S.A. INYSE: I), operator of
the world's first Globalized Network, has signed a contract to become
the first customer for Orbital AT's new satellite life extension
service.
Remote Servicing and Repair could be "Holy Grail" for Space Posted: 12 April 2016
There are few Holy Grails in
space. Today's announcements from several different companies made
it clear that a couple of these Holy Grails are hopefully about to be
realized.
Intelsat Announces Final Preferred Stock Dividend and Mandatory
Conversion
of the 5.75% Series A Mandatory
Convertible Junior Non-Voting Preferred Shares Posted: 11 April 2016
Intelsat, S.A. INYSE: I), operator of the world's first
Globalized Network, powered by its leding satellite backbone, today
announced a quartrly cash dividen of $071875 per share to be paid
to holdeers of its 5.75% Series A Mandaory Convertible
Junior Non-voting Preferred Shres (the "Series A Preferred shares"), in
accordance with the terms of the Series A Preferred shares.
We have lost contact with these members below. If you have any
information on how to contact them, please send us an EMail at:info@myiraa.com
Mike Brown
Jack Dicks Mary Helms Ananda Sharnprapai
Welcome
New Members Posted: 5 April 2016
We are
pleased to Welcome the following new members to the Intelsat Retirees
and Alumni Association:
April
John Hsing
March
Richard (Greg) Marlow Sanjay Singhal
Intelsat Jackson Issued Most Junk Bonds
in the Week Ended March 24
Posted: 31 March 2016
As reported in Market Realist
today,
Intelsat Jackson Holdings S.A., a subsidiary of Intelsat
S.A. (I), dissued dollar-denominated junk bonds worth $1.25 billion on
March 21. The senior secured first-lien notes were rated B1/B- and
carried a coupon of 8.0%. The bonds will mature on February 15, 2024,
and were issued at 100% of the aggregate principal amount at a yield to
worst of 8.0%. Intelsat Jackson intends to use the proceeds of the loan
for general corporate purposes.
Intelsat and SkyNet de Columbia Bring
High Speed Broadband Connectivity to Remote Areas of Columbia
Posted: 8 March 2016
Click
HEREfor further details via Business Wire Click
HERE or further details via Intelsat News
Intelsat and Marlink to Bring
Affordable, High Speed Intelsat EpicNG Broadband Connectivity to
Maritime Customers
Posted: 8 March 2016
Click
HEREfor further details via Business Wire Click
HERE or further details via Intelsat News
Gogo Partners with Intelsat on Major
Capacity Agreement Across Intelsat Globalized Network and Becomes
Anchor Tenant for World's First GEO/LEO Shared Network
Posted: 7 March 2016
Click
HEREfor further details via Business Wire Click
HEREor further details via Intelsat News
Intelsat General Awarded Second Contract
to Provide Connectivity in Support of Mideast Operations
Posted: 7 March 2016
Click
HERE for further details via Business Wire Click
HEREor further details via Intelsat News
Intelsat General and L-3 Communication
Systems-West Successfully Demonstrate Automatic Beam Switching for
Unmanned Aerial System on Intelsat EpicNG
Posted: 7 March 2016
Click
HERE for further details via Business Wire Click
HERE for further details via Intelsat News
IntelsatOne®Flex for Enterprise: World's
Largest, High Speed IP Network in the Sky
Posted: 7 March 2016
Click
HERE for further details via Business Wire Click
HEREfor further details via Intelsat News
True Broadband
Will Transform the Seas Starting in 2016 Posted: 7
March 2016
Intelsat and DETASAD Enhance Broadband
Connectivity for Corporate Networks in Saudi Arabia
Posted: 7 March 2016
Click
HERE for further details via Business Wire Click
HEREfor further details via Intelsat News
Intelsat shares closed upward today at $2.30.
Moody's Downgrades Intelsat Posted: 2 March
2016
Yesterday, Moody's downgraded Intelsat
S.A.'s (Intelsat) corporate family rating (CFR) and probability of
default (PDR) ratings, respectively, to Caa2 from B3 and Caa2-PD from
B3-PD, and changed the ratings outlook to negative from stable.
Click
HERE
for further details.
Shares ended at $1.50 but bounced back today to end at $1.88.
Intelsat Market Value Continues Downward Posted: 26
February 2016
After the launch of Intelsat EpicNG on 27th January,
shares ended at $3.15, and continues its downward trend
closing today at $1.69. Intelsat 29e remains in orbit testing
and is expected to enter into service in April.
Click
HERE
for Capital Cube article Intelsat SA Earnings
Analysis: 2015 By the Numbers
Click
HERE
for Thomson Reuters article 22nd February Edited
Transcript of I Earnings Conference Call or Presentation 22-Feb-16
4:00pm GMT
Click
HEREfor Benzinga.com article 22nd February Intelsat
Plunges 10% Following Preliminary Q4 Results.
Click
HEREfor Intelsat news release 22nd February 2016:
Preliminary Fourth Quarter and Full Year Ended December 31, 2015
Click
HEREfor Intelsat news release 22nd February 2016:
Quarterly Commentary Preliminary Fourth Quarter and Full Year
Ended December 31, 2015
Intelsat
Appoints Jaques Kerrett as Chief Financial Officer Posted: 2 February
2016
On 29
January, Intelsat announced that Jaques Kerrett is joining the company
as Executive Vice President and CFO, reporting to CEO, Stephen Spengler.
We are
pleased to Welcome the following new member to the Intelsat Retirees and
Alumni Association:
January
Rachel Devaux-Jeffries
Intelsat 29e Successfully
Launched into Orbit from French Guiana
Posted: 28
January
2016
Liftoff of the the first Intelsat EpicNG Satellite
aboard an Arianne 5 launch vehicle from French
Guiana occurred at 6:20pm EST yesterday.
Thirty eight minutes later, the satellite separated
from the rocket's upper stage.
New Metrics
for HTS Models
Posted: 16
January
2016
From Northern Skies Research Jan
13th, 2016:
The key metric for satellite
operators has traditionally been fill rates. Fill
rates are an accurate measure of success for
widebeam FSS satellites in which video is the major
application as video is constantly beamed and hence
fill rates equate to utilization. An added
benefit is that contracts are long term leading to
relatively stable transponder prices.
Kymeta
and Intelsat Bring Terabyte Connectivity to Cars of the Future
Posted: 13
January
2016
From Intelsat Newsroom:
The next wave of connected car innovation will
depend on satellite connectivity
REDMOND, Washington and Luxembourg. – January
12, 2016
– Kymeta Corporation and Intelsat S.A. (NYSE: I),
the world’s leading provider of satellite services,
are making the next evolution of connected car a
reality. The companies will combine Intelsat’s
leadership in space-based communication with
Kymeta’s innovative antenna technology to bring high
speed connectivity to cars on a global basis. This
will enable the creation of new services on every
continent, support software over-the-air
applications, advance the potential for autonomous
driving and pave the way for the future of the
connected car.
Intelsat Announces Preferred Stock Dividend
Posted: 11 January 2016
On 8
January, In
telsat
announced a quarterly cash dividend of $0.71875 per share. It is
the 10th quarter in a row which dividends have been paid at $0.71875 per
share since it's first quarterly cash dividend of $0.799 on 13
July 2013. At the end of closing on 8 January,stocks ended
at
$3.52 per share.
Archive 2015
7t
h
Annual COMARA/IRAA Strathmore Concert Event
Posted: 24
December 2015
COMARA/IRAA members
are
cordially invited to an afternoon
performance by the National Philharmonic at the
Strathmore Music Center in Bethesda, Maryland: Sunday, February 21, 2016 – 3:00
pm
Tour
of the New Intelsat Headquarters Building at Tysons (Corner) Posted: 21 December 2015
At the recent 16th Annual Meeting of
the General Assembly held at the Springfield Golf &
Country Club, Sun., 18th Oct., IRAA's guest speaker,
Dianne VanBeber, Vice-President Investor Relations &
Corporate Communications, invited interested members to
take a tour of the new Intelsat Headquarters building at
Tysons (Corner).
If you would like to see the new HQ building, here are
the dates below:
Intelsat
Reports Third Quarter 2015 Results Posted: 5 December 2015
On 29 Oct., Intelsat
posted its 3Q15 results. Intelsat stock closed at $6.67 a share at
the end of trading. Since then, it dipped to a low of $3.91 a
share on 3 Dec. before closing at $4.09 a share yesterday.
Why the
US Pays More Than Other Countries for Drugs Posted: 1 December 2015
"Norway,
an oil producer with one of the world’s richest economies, is an
expensive place to live. A Big Mac costs $5.65. A gallon of gasoline
costs $6. But one thing is far cheaper than in the U.S.:
prescription drugs."
Click HERE for
full article by Wall Street Journal.
Intelsat
Announces Resignation of Chief Financial Officer Michael McDonnell Posted: 19 October 2015
Intelsat S.A. (NYSE:I), the world’s leading provider of
satellite services, today announced that it has accepted the resignation
of its Chief Financial Officer, Michael McDonnell, to be effective
mid-December 2015. Mr. McDonnell is leaving to accept the position of
CFO at another public company.
Intelsat Announces Preferred Stock Dividend
Posted: 4 October 2015
On 2 October, In
telsat
announced a quarterly cash dividend of $0.71875 per share. It is
the 9th quarter in a row which dividends have been paid at $0.71875 per
share since it's first quarterly cash dividend of $0.799 on 13 July
2013. At the end of closing on 2 October, stocks ended at $6.57
per share.
Welcome
New Member Posted: 4 October 2015
We are
pleased to Welcome the following new member to the Intelsat Retirees and
Alumni Association:
October
Robert Lingo
Intelsat
Preparing to Sell Some Assets Posted: 30 September 2015
On 24 Sep., 2015, Broadband and TV News reported that
"Intelsat's prviate equity owners are said to be preparing a sale of
some of the satellite operator's assets."
Intelsat Exploring to Sell Some Assets Posted: 23 September 2015
On 22 Sep., 2015, Financial Times
reported that "Intelsat...is exploring a sale of some strategic assets.
as it seeks to pay off a portion of its $14bn debt pile, according to
people familiar with the matter."
Click HEREfor Airanespace video of the launch of Intelsat 34
and Eutelsat 8 West B.
Japan Intelsat Club Annual Meeting
Posted: August 18, 2015
The Japan Intelsat Club held its
Annual Meeting on 9th May 2015. Below are links to the Minutes
from the Meeting and a letter from its Chairman, Dr. Takurou Muratani,
to IRAA President, Simon Bennett.
Intelsat Announces Preferred Stock Dividend
Posted: July 13, 2015
On 2 July, In
telsat
announced a quarterly cash dividend of $0.71875 per share. It is
the 8th quarter in a row which dividends have been paid at $0.71875 per
share since it's first quarterly cash dividend of $0.799 on 13 July
2013. At the end of closing on 2 July, stocks ended at $9.54 per
share, and closed today at $9.17 per share.
Request for Nominations to the IRAA Board
Posted: June 26, 2015
Two IRAA
Board Director positions will become vacant later this year in October.
Your
nomination(s) must be received not later than July 26, 2015. It
must indicate acceptance by the proposed candidate(s). Shortly
after that date, the Board will provide a ballot to all active members
to permit voting.
Members,
login and Click BOD Elections for further details.
Welcome
New Members Posted: 26 June 2015
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association:
June
Daniel Lilienstein Brendan Murray
Ed Stoner
Lost Member Posted: 13 June 2015
Wehave
lost contact withMike
Brown.
If you may have any information on how to contact Mike, please contact
our Membership Chairman, John Sofranko, atinfo@myiraa.com.
Welcome
New Members Posted: 1 June 2015
We are pleased to Welcome the following new members to the Intelsat
Retirees and Alumni Association: May
Romy Balod Leonida Vista Ulrika Williamson
Welcome
New Members Posted: 1 June 2015
We are pleased to Welcome the following new member to the Intelsat
Retirees and Alumni Association:
April
Rikuo Koike
Two
Social Events: 6th Annual Summer Picnic & 1st Annual Wolf Trap
Performance Posted: 5 April 2015
The annual
summer picnic will be held Sun., 17th May, at Seneca Creek State
Park, Gaithersburg, MD, and our first-ever trip to Wolf Trap to see the
smash-hit Million Dollar Quartet at Filene Center Sat.,
27th June. See Social Events for further details.
Intelsat
Announces Quarterly Stock Dividend Posted: 2 April 2015
Intelsat
announced a quarterly cash dividend of $0.71875 per share today, 2 April
2015. It is the 7th quarter in a row which dividends have been
paid at $0.71875 per share since it's first quarterly cash dividend of
$0.799 on 13 July 2013. At the end of closing today, stocks ended
at $11.95 per share.
Michael
J. DeMarco and Kurt Riegelman Appointed to New Roles on Intelsat's
Executive Leadership Team Posted: 2 April 2015
Wonder what the next
tenant(s) will experience in the old Intelsat building at 4000
Connecticut Ave., NW (formerly 3400 International Dr., NW) in the near
future?
Click
HERE
for a marketing video by DTZ DC Leasing.
HERE
for a brochure of 4000Conn.
To explore more:
http://www.4000conn.com
Last and
Most Famous of the Intelsat VI Series Satellites Comes to An End Posted: 17 January 2015
After a botched Titan launch
on 14 March 1990 failed to send IS-603 into geosynchronous orbit and
only reaching low earth orbit, Hughes and NASA entered into a contract
worth almost $100 million to reboost the satellite into geosynchronous
orbit which was eventually accomplished on 21 May 1992.
After 25 years in space and
22 years in service, IS-603 has come to the end of its useful life and
is being de-orbited to join the other Intelsat VI series satellites
going before it into the graveyard orbit. Courtesy by Dan
Lilienstein/ISPO-PA and VI alumnus in a recent note to other Intelsat VI
alumni.
Click
HERE
for Intelsat VI Reboost Mission News Coverage (YouTube) -- and a lot of
good 'old' Intelsat faces.
Click
HERE
for NASA's "Houston, I Think We've Got a Satellite" rescue
mission coverage of IS-603 by the maiden voyage of the Space Shuttle
Endeavor/STS-49 (YouTube).
HERE
for astronaut Rick Hieb's reflection on the rescue of IS-603 (YouTube)
Click
HERE
Space News article by Warren Ferster, 4 Feb. 2014
Click
HERE
for Intelsat Blog: Another Intelsat Satellite Serves Customers for More
than 25 Years
Intelsat
Announces Quarterly Stock Dividend Posted: 17 January 2015
On January 5th, Intelsat
announced a quarterly cash dividend of $0.71875 per share. It is
the 6th quarter in a row which dividends have been paid at $0.71875 per
share since it's first quarterly cash dividend of $0.799 on 13 July
2013. At the end of Intelsat's IPO on 18 April 2013, stock was
trading at $19.25 per share. At the end of closing on Friday,
January 16th, stocks ended at $16.99 per share.
Intelsat
Appoints Stephen Spengler as Deputy Chief Executive Officer Posted: 11 December 2014
Stephen
Spengler, current President and Chief Commercial Officer, has been
promoted to Deputy Executive Officer with immediate effect today.
We
have lost contact with Ananda Sharnprapai. If you
may have any information on how to contact Ananda, please contact our
Membership Chairman, John Sofranko, at
info@myiraa.com.
Welcome
New Members Posted: 20 October 2014
We are
pleased to Welcome the following new member to the Intelsat Retirees and
Alumni Association:
October
Michel Nakhla
Intelsat
30 Launched Posted: 17 October 2014
Intelsat
announces successful launch of the Intelsat 30 satellite by Arianne 5
launch vehicle from French Guiana on 16 Oct. 2014, 5:43pm EDT. The
new hybrid C- and Ku-band satellite built by Space Systems/Loral will be
located at 95°W and provide distribution services for DIRECTV to Latin
America in South America and the Caribbean.
15th Annual Meeting of the General Assembly of
the Intelsat Retirees Association & Alumni Association and Social
Gathering Posted:
1 September 2014
Sunday, 19
October 2014
2:30 PM, at Springfield Golf & Country Club 8301 Old Keene Mill Road Springfield, VA
Grand Ballroom
Click
HERE for link to photos of SGCC and Grand Ballroom.
See Social
Events for details.
Intelsat at 50: One of
Satellite's Most Enduring Stories
Posted: 1 September 2014
Click
HEREfor an excellent article by Mark Holmes of Via Satellite 26
August, 2014, featuring interviews of Bob Kinzie, David Leive, John
Hampton and Lakh Virdee.
Inside
Intelsat's New Tysons Corner Headquarters
Posted: 30 August
2014
Click
HERE for article by Washington Business Journal 19 Aug. 2014,
which includes a video tour inside the new Intelsat building by Dianne
VanBeber,
Japan Intelsat Club
Posted: 30 August
2014
Earlier this
year, Ildemaro Rueda received communications from Mr. Tadayoshi Katoh, a
member of the Japan Intelsat Club and a former Assignee at Intelsat in
Communications Systems Engineering, who also taught Japanese language
classes which Ildemaro attended. Ildemaro forwarded the initial
EMail stream to Anita Saltos/Alan Olson wherein Mr. Katoh, on behalf of
the JIC Chairman, Mr. Takuro Muratani, indicated that Mr. Muratani would
like to write a letter to the proper person of our association who would
write an answer which would be introduced at the JIC Reunion Meeting on
24th May 2014. Mr. Katoh also indicated that Mr. Muratani would
like to contact the co-workers in US in order to collect messages from
them for the special occasion.
After several
EMail exchanges between Alan and Mr. Katoh ensued to determine the names
of the members of the JIC and the departments/divisions and years worked
at COMSAT/INTELSAT along with the names of their colleagues,
managers/supervisors, a final list was formulated. Alan contacted
those Intelsat/IRAA members where feasible (if EMail addresses were
discovered Googling) to give them some background information and
request permission to provide their JIC counterparts their EMail
addresses, and likewise to the JIC members to use theirs.
Emails were
sent to those IRAA members and non-members to give those persons their
JIC counterpart names/EMail addresses to follow-up and forwarded the
list to COMARA to follow-up.
Please see
below links for letters between JIC Chairman and IRAA President along
with the List of Names/Photo of the JIC Members:
Click
HEREfor letter from Mr. Takuro Muratani, Chairman of Japan
Intelsat Club, to IRAA President, Simon Bennett.
Click
HERE for letter from Simon Bennett to Mr. Muratani.
Click
HERE for letter from Mr. Takuro Muratani to members of the IRAA.
Click
HEREfor list of names of JIC members while Assignees, Staff or
Contractors at various Departments/Divisions at COMSAT/INTELSAT and
their relationships to their colleagues, managers and supervisors.
We would like to welcome our
new Treasurer, Satpal (Rani) Chhabra, former manager of Intelsat Revenue
Accounting, who has taken over the helm of Treasurer duties after our
outgoing Treasurer, Nedda Krowitz, who has managed the IRA/IRAA
financial activities since 2003, has decided to head south to be closer
to family and a warmer climate. We are deeply grateful to Nedda
for her invaluable contribution for the past 11 years and wish her and
husband Morris all the best ahead!
We would also to like to
announce that D.K. Sachdev, a long-time member of the Board of
Directors, will continue to serve IRAA in a new capacity as emeritus
Board Advisor. We are extremely appreciative of D.K.'s continued
participation, support and advice.
Welcome
New Members Posted: 29 July 2014
We are
pleased to Welcome the following new members to the Intelsat Retirees
and Alumni Association: July 2014
Chandi Amruthur Hany Eldeib Jim Lemon
Ram Manohar Eckhard Meyer Joyce Wheeler
New
Mailing Address Posted: 18 June 2014
Please note that we have a new mailing address as of 16 June 2014:
Intelsat Retirees and Alumni Association c/o Satpal Chhabra P.O.
Box 4027 Washington, DC 20016-0027
IRAA Members: Don't Forget to Vote
Posted: 18 August 2014
Please
remember to vote for 3 Directors to the board of the Intelsat Retirees
and Alumni Association. After logging in, click on BOD Elections
tab for statements from the four candidates running and a Ballot to vote
-- NOT LATER THAN 30 AUGUST 2014.
Intelsat
Moves to Tysons
Posted: 29 July 2014
Alas, on 14th
July, Intelsat officially moved out of their previously owned iconic
building and offices in DC/Van Ness and into the new posh
state-of-the-art Macerich building in VA/Tysons One as a tenant on the
14th (half) through 20th floors configured with modern collaborative
open workspace 'offices'.
Click
HEREfor Washington Post article, 27 July 2014
EIEIO Gathering -
Last One in DC Posted:27 May 2014
Date:
Fri., 30th May, 2014 Time: 5:30pm – ???pm
Where: The Epicurean and Company
4250 Connecticut Ave., NW
Washington, DC Cost: Whatever you buy to drink/eat
We are
pleased to Welcome the following new members to the Intelsat Retirees
and Alumni Association: May 2014
Yobi Beraki Catherine De Peuter Roger
Haisman Barbara Motter
Betsy Smith Steve Smith Jan Wendt
Welcome
New Members Posted: 30 April 2014
We are
pleased to Welcome the following new member to the Intelsat Retirees and
Alumni Association: April 2014
Ramu Potarazu
Say Au
Revoir to Intelsat Building Posted: 23 April 2014
Say Au Revoir to the Intelsat Building, Sat., 10th May, 6PM-9PM. Silent
and live auction of some of the artwork throughout the iconic building.
Tickets $50 each.
IRA Annual Dues for 2014-2015 Posted: 23 April 2014
The
annual Dues notice will be sent out to members next month in May.
The Dues amount of $20/year remains unchanged with option to pay
$90/5-years or Lifetime membership based upon age. Your Dues
help to cover costs for putting together the Newsletters, postage,
administrative and miscellaneous office expenses, other fees,
website domain and hosting/maintenance, subsidizing the Annual
Meeting/Social and picnic expenses as well as legal and consulting
expenses when they occur.
Note: If Dues are unpaid by 1st July, your membership rights would be
limited to communications from IRA and the attendance to social events only,
and you would not be able to run or nominate anyone to run for office.
Intelsat Celebrating Its 50th Anniversary Posted: 10 March 2014
Intelsat
will celebrate its 50th anniversary this year in August and is currently
in the process of "creating a 'video gallery' of individuals’
reflections on Intelsat and its impact on the world. These short video
memories will be made available on the Intelsat.com site, You Tube, via
social media, etc. in celebration of the company’s 50th
anniversary. Current employees, past employees, customers and vendors
are all being asked to contribute to help mark this milestone in the
company's - and the industry's - history."
A series
of recording sessions to interview interested retirees and alumni
residing in the local DC Metro area is being held at Intelsat HQ during
the ensuing weeks leading up to August and into September. Eleven
IRAA members and several current Intelsat staff recently participated in
the interview sessions which have just been posted today on the Intelsat
website and the YouTube channel:
If you
would like to participate in an upcoming interview/video session at
Intelsat HQ, please send an EMail to
info@myiraa.com. We are organizing a list to provide
Intelsat so that they may set up an online scheduling system for you to
register for a date convenient to come into Intelsat for an interview
session planned for each month through September. If not an IRAA
member, please indicate your relationship with Intelsat in the past.
A 'selfie' video option is available as well for anyone who may be
interested to upload to Intelsat directly. Please click
HERE
Intelsat Upgraded to Outperform from Market Perform at Wells Fargo Posted: 6 February 2014
Wells Fargo upgraded Intelsat citing
valuation and the potential for equity value accretion through a
possible Telesat acquisition. Wells raised its price target range for
shares to $29-$31 from $20-$22
We are
pleased to Welcome the following new members to the Intelsat Retirees
and Alumni Association: January 2014 Maria Delgado Hung Nguyen
Welcome
New Members Posted: 30 November 2013
We are
pleased to Welcome the following new members to the Intelsat Retirees
and Alumni Association:
November
2013
Barbara Bracht Diane (Franks) Rodriguez
Satellite
Hall of Fame and Museum A Project of
the Society of Satellite Professionals and Allied Organizations Posted: 24 October 2013
At the 14th Annual General Assembly of the Intelsat Retirees and Alumni
Association, several people asked Joe Pelton for more information and
how to donate to the Satellite Hall of Fame and Museum. Here is
the PowerPoint presentation below that explains the project.
Please click
HERE
(National Electronics Museum) if you would like to make a tax-deductible
contribution.
Fill out the form and mail it in with a check. Advise IRAA (info@myiraa.com)
and Joe Pelton (joepelton@verizon.net)
that you have made a donation so may be advised of matching funds were
applied.
New
Bulletin Board Page Posted: 9 October 2013
A new
Bulletin Board page has been created to provide space for members to
post announcements about items, products or services they may have to
offer to members and the public. See Bulletin Board page for
further details.
IRAA
Website URL and EMail Address Posted: 30 September 2013
To
better reflect the membership community of the IRAA which now includes
all former employees of Intelsat whether retirees, alumni, contractors
or consultants, a new URL address has been established: www.myiraa.com
A new
EMail address has also been established: info@myiraa.com
The old
URL/EMail address above will continue to be operational for the
foreseeable future until such time it has been deemed that use of the
old URL/EMail address is no longer needed.
Joe Pelton Honored with
International Award for Space Efforts Posted: 20 September 2013
'Joseph Pelton of Arlington was honored with
an 'Arthur' award at the U.K. Space Conference, held in Glasgow,
Scotland. Pelton was one of nine leaders in the space industry to
win the award, which is named in honor of British-born scientist and
author Sir Authur Clarke.'
We currently have 192
retirees, alumni and friends in our Facebook Group. If you want to
join up, here's how to do it.
If you aren't on
Facebook yet, just go to
www.facebook.com. It'll prompt you from there. If you're
concerned about private info, then just leave things blank. It
might also be necessary for you to adjust settings to a level of privacy
you desire. Once you've signed up, in the 'blue bar' at the top,
go over to the far right, click on the little 'padlock' looking icon.
You'll see headings like 'Who can see my stuff?' and 'Who can contact
me?' Just work your way through the menus and pick the settings
you want. Many people llimit what 'non-friends' can see. The
drawback to that is you're harder to find by people who may know you.
Also, our Facebook Group is a 'Closed' group. That means only
members can see your post.
To post to the IRAAF
group you must select it under 'Groups' down the left hand column (down
from your name). Otherwise, you will post only to your 'Wall' and
who sees your posts will depend totally on your privacy settings.
Once your request is approved and you're in
the group, feel free to invite all your Intelsat colleagues and former
colleagues to join.
- John Sofranko, IRAA Facebook Administrator
National
Electronics Museum New Exhibit: Satellites Transform Our Lives -
Petitti Design to Produce Final Design and
Construction Drawings
-
Joe Pelton Posted: 20 September 2013
A total of eight responsive bids were recently submitted to produce the
final design for the “Satellites: Transforming our Lives” exhibit at the
National Electronics Museum near the Baltimore-Washington International
Airport. After extensive review of the proposals in terms of design
personnel, quality of design proposal and price, the review team agreed
to select Petitti Design to produce the final overall exhibit design and
the construction drawings, equipment and lighting specifications for new
satellite exhibit and Satellite Hall of Fame.
Work is to begin in July 2013 and it is hoped that the final exhibit
will open in 2014 after years of preparatory work since the exhibit was
first proposed at an SSPI Awards ceremony in 2006. Andrew Petitti and
Philip Brady will constitute the team of designers that will be working
on the design with the satellite exhibit task force, the management of
the Museum and industry experts drawn from Hughes
Network Systems, Intelsat, Lockheed Martin, Globalsatcom Technology, and
the SSPI in coming months. Petitti Design has worked to develop
outstanding museum exhibits for the Smithsonian, the Newseum, The
National Building Museum, the Tuskegee Airmen National Historic Site,
the Washington National Cathedral, and scores of other key sites.
We have high expectations for a great design.
Updates on the NEM Website: Support for the NEM Satellite Gallery and
Hall of Fame exhibit continues to grow. Intelsat has just made a
generous new contribution to the exhibit which we are hoping will be
matched by SES. We are trying to get as many key commitments to
the Satellite Gallery and funding support in coming weeks so we can
commit to building the final exhibit design as soon as possible.
If you could help with pledging matching funds please let us know by
contacting us. Major donors will be recognized in the Satellite Gallery.
We have currently received about $120K grants and pledges. These will
matched by funds pledged to the museum through the $200K Maryland State
Bond bill and thus we have at least another $80K to $100K to go to
complete the project. Please feel free to contact any members of the
Task Force or Michael Simons or Karen Footner with any ideas as to how
to help with the exhibit or suggestions about how to raise the final
funds needed to complete the project.
Members of the Task Force and Museum Staff include: Dr. Joseph N.
Pelton, Dr. Denis Curtin, Ellen Hoff, Maury Mechanick, Ramesh Gupta,
Ruth Pritchard Kelly, and Michael Simons, Dir, Nat’l Electronics Museum.
Welcome
New Members Posted: 21 October 2013
We are
pleased to Welcome the following new members to the Intelsat Retirees
and Alumni Association:
October
2013 Arne Dunhem
Maria Theresa Villabon-Luz
September 2013
Dan Jenkins
August 2013 Para Weerasuriya
IRAA
Annual Meeting & Social Reminder Posted: 30 September 2013
Dear Member,
This is an important reminder that the Annual
Meeting of the General Assembly of the Intelsat Retirees and Alumni
Association will be held on Sunday, October 20,
2013 from 2-3 PM. The meeting will focus on the key
activities of the IRAA for the past year and will be followed by
our Guest Speaker, Ramu Potarazu, a telecommunications
industry leader with over 20 years of experience, including seven
years as CEO and co-founder of Avail Media, now Vubiquity.
The meeting is followed by a Social
Event, featuring good food and drinks, as outlined in the
September Newsletter which will be held from 3-5 PM,
offering you the opportunity to meet with friends and former
colleagues in a relaxed, informal setting. Both events are
held in the Chesapeake Room in Clubhouse 1, Leisure World,
3700 Rossmoor Boulevard, Silver Spring, MD 20906.
The cost for the Social Event is $8.00
per person and members are welcome to bring a guest.
Don't miss this annual opportunity to
learn more about the activities of your association, gain new
insights on industry trends and new technical developments and
catch-up with former colleagues!
Please provide your RSVP as soon
as possible along with your payment --but no later than
Wednesday, October 9, 2013 by mailing
your reply to Intelsat Retirees and Alumni Association, c/o Nedda
Krowtiz, 3210 N. Leisure World Blvd, #705, Silver Spring, MD 20906.
Please indicate in your response if you wish to attend the Annual
Meeting only (no charge) or the Annual Meeting and the Social
Event ($8.00 per person) and include the name(s) of the individuals
in your party in order to comply with security requirements at
Leisure World. If you have any questions about making
reservations or payments, you can also reach Nedda Krowitz via
email, Nedda.Krowitz@comcast.net or
by phone at 301-438-0883.
I hope you will be able to join us for
this informative and enjoyable afternoon and I look forward to
seeing you there!
Sincerely,
Simon B Bennett,
President, Intelsat Retirees and Alumni
Association
Note: You will find the detailed
driving directions to Leisure World and the agenda for Annual
Meeting on the Social Events page. They are also available in
the September Newsletter which members may find in the Newsletters
page after logging in.
IRAA Board Election Ballot August 2013
Posted: 7 August 2013
The ballot for electing
two Directors to the Board of the Intelsat Retirees and Alumni
Association may be found on the BOD Elections page after Login.
The file includes the candidates' statements as well as instructions for
your submission of the ballot.
To be counted, your vote for two of the candidates must be received not
later than August 27, 2013.
The Future of
Intelsat's Old Building and It's Future Home Posted: 7 August 2013
Parting is such sweet sorrow. In less than one year after owning
it's iconic building at Van Ness/DC for almost 30 years, which was sold
last year for $85M, Intelsat will move in as a tenant in the new slick,
state-of-the-art Macerich's Tyson Tower building in Tysons Corner
Center, occupying 188,000 square feet of office space in the 14th
through 20th floors.
Click
HEREfor new owner The 601W Cos. plan for renovation of the old
Intelsat building.
Click HERE
for photos and virtual tour of the new Tysons Corner Center.
Click HERE for
photos of the Tysons Tower building.
Intelsat Fiscal Future
Bright? Posted: 5 June 2013
SatelliteToday.com
reported yesterday that: Intelsat continues to struggle with only
"modest near-term growth prospects” and “elevated government demand
risk"as per a new report issued by Chris Quility, Senior Vice-President,
Raymond James.
Click
HERE for the full SatelliteToday.com article.
We are
pleased to Welcome the following new members to the Intelsat Retirees
and Alumni Association:
June 2013 Kenny Fukuma
May 2013 Fawad Abbas Wayne Wu
Request for Nominations to the IRAA Board
Posted: June 25, 2013
Two IRAA
Board Director positions will become vacant later this year in October.
Your
nomination(s) must be received not later than July 25, 2013. It
must indicate acceptance by the proposed candidate(s). Shortly
after that date, the Board will provide a ballot to all active members
to permit voting.
Members,
login and Click BOD Elections for further details.
Help Us Find These Members Posted: 20 April 2013
We have lost contact
with these members below. If you have any information on how to
contact them, please send us an EMail at:
retireesintelsat@yahoo.com
Sen Dan
Larry
Wood
14th Annual Meeting of the
General Assembly of the Intelsat Retirees and Alumni Association and
Social Gathering Posted: 20 April 2013
Sunday, 20
October 2013,
2:00 PM - 5:00 PM at Leisure World 3700 Rossmoor Boulevard
Silver Spring, MD
Chesapeake Room, Clubhouse 1
See
Social Events for further details.
Intelsat IPO Listed on
the NYSE Posted: 20 April 2013
Alas, the much
anticipated IPO was listed on the NYSE on Thursday, 18 April 2013.
The company's symbol is I on the NYSE. Chairman and CEO David
McGlade along with Intelsat leadership and Board members rang The
Closing Bell at 4:00pm.
Shares opened up at
$17 which was 5.6% lower than the $18 offer price but then closed
for the day up 6.9% at $19.25. Although fewer shares were sold
than had been envisioned per WSJ below links, it appears that the
IPO went reasonably well despite the market's less than ideal
conditions. Intelsat hoped to sell 21.5 million shares at
$20-$25 per share and they sold over 19 million shares.
The company will
realize about $475 million from the IPO after expenses.
Intelsat will use that return plus the $500 million from insurance
proceeds to reduce debt, reducing the annual interest charges by
about $300 million.
The IPO shares sold represent
about 25% of the company's total and the current financial
owners (BC Partners and Silver Lake) signed an agreement not
to sell any of their shares for a 6 month period after the
transaction.
Click
HERE for Intelsat News Release 18 April 2013
Click
HERE
for an impressive image of Wall Street Welcomes Intelsat.
New Intelsat Retirees,
Alumni and Friends Facebook Page
Posted: 20 April 2013
A new
Facebook page was recently established and set up by our Facebook
Administrator, John Sofranko. It is open to anyone to join
regardless of whether they are retirees, non-retirees, current
Intelsat employees or past/current contractors or anyone who has a
connection with Intelsat in some way. It is a way for those
folks who currently use Facebook to keep in touch and find fellow
co-workers/friends whom we've lost contact with over the years.
If you
are a Facebook user, you can click on the Find Us on the Facebook
image on the upper left are of the IRA website Home Page. Or,
from your Facebook page you may search for Intelsat Retirees
Association, Alumni and Friends or type the URL below:
If you
aren't familiar with Facebook, it is very easy to join. Just
go to www.facebook.com and
follow the registration process as a first time user.
For more
information about Facebook, see the write-up in the February 2013
RE-INTELSAT or send John an EMail:
john@sofranko.org
Welcome New Members Posted: 20 April 2013
We
are pleased to Welcome the following new members to the Intelsat
Retirees Association: December
2012 Tom Johnson
November 2012
Khalid Chaudry
September 2011
Michael Munion
Kaushik Shah
Our
apologies to Mike and Kaushik for this belated posting. Better
late than never as they say.
IRA Annual Dues for 2013-2014 Posted: 20 April 2013
The
annual Dues notice will be sent out to members next month in May.
The Dues amount of $20/year remains unchanged. Your Dues help
to cover costs for putting together the Newsletters, postage,
administrative and miscellaneous office expenses, other fees,
website domain and hosting/maintenance, subsidizing the Annual
Meeting/Social and picnic expenses as well as legal and consulting
expenses when they occur.
Note: If Dues are unpaid by 1st July, your membership rights would be
limited to communications from IRA and the attendance to social events only,
and you would not be able to run or nominate anyone to run for office.
Board of Director News Posted: 20 April 2013
In June, we will be
seeking nominations for members interested in serving on the Board
as the terms of two Board members will expire this fall.
Further information will be posted later in July in BOD Elections
after the voting is finished
Intelsat
27 Launch Failure Posted: 20 April 2013
Zenit-3SL
launch vehicle carrying an Intelsat satellite built by Boeing failed
less than 1 minute after liftoff on the Sea Launch Odyssey Launch
Platform in the Pacific Ocean on Friday, 1st February.
The cause of the failure is unknown. The satellite and launch
vehicle were fully insured. IS27 was to have operated at
304.5e where it was to serve customers in the Americas and the North
Atlantic and Europe. See links below for further details:
Intelsat is Moving Headquarters from DC/Van Ness to Tysons (Corner) Posted: 20 April 2013
After
extensively exploring Maryland, Virginia and other DC locations to
move its DC Headquarters to and several months of pursuit by
Virginia politicians, Intelsat selected Tysons (Corner), Virginia .
As reported by Washington Business Journal, Intelsat announced it
will lease the top 14th through 20th floors of the Macerich Co.'s
22-story Tyson Tower in mid-2014.
Click
HEREfor further details in
the Washington Business Journal.
Click
HERE for VA Governor Bob McDonnell Press Release.
National
Electronics Museum New Exhibit:
Satellites Transform Our Lives -
Joe Pelton Posted: 20 April 2013
Good progress is
being made on the Satellites: Transforming Our Lives
exhibitat the National Electronics Museum.
A Task Force is hard at work to confirm contributions to the exhibit
as well as financial support. To date, contributions of support have
come from John Puente, Former Chairman of Hughes Network Systems,
Maryann Elliot, Former CEO and Chairman of Arrowhead, David Lee, CEO
of Global Satcom Technology, Inc., International Launch Services,
Northrop Grumman, Lockheed Martin, Intelsat, the Smithsonian
National Air and Space Museum, the Satellite Interference Reduction
Group, the Arthur C. Clarke Foundation, as well as COMARA and the
Intelsat Retirees Association.
We are currently working to expand the
list of sponsors and exhibit donors an additional support is
anticipated from a number of other groups that include the State of
Maryland, Inmarsat and Ariane Space. A professional fund
faiser, Karen Footner, is now working with the Task Force working on
the project that includes: Denis Curtin Paul Schrantz, Ellen
Hoff, Maury Mechanick, Rameh Gupta, Catherine dePeuter and Joe
Pelton continues to chair this group. .
4th Annual IRA/COMARA
and Intelsat Summer Picnic Posted: 20 April 2013
Date:
Sun., 19th May, 2013
Time:
12:00pm – 4:00pm
Where: Seneca Creek State Park (Buck Pavilion)
Cost: IRA members: $15.00 ea.; spouse or 1
guest: $15.00 ea
Additional guests and non-members: $18.00 ea.
Menu: Burgers, hot dogs, chicken and refreshments
See
Social Events for further details..
13th Annual Meeting of
Intelsat Retirees Association and Social Gathering -
Epilogue Posted: 20 April 2013
The 13th Annual
General Assembly of the Intelsat Retirees Association took place on
Sunday, October 21, 2012, at 3:00pm at
Leisure world, Silver Spring, MD.
See
Social Events for further details.
Website Updates Posted: 20 April 2013
Website postings were regrettably
delayed due to transitioning from our web developer for fee to your
web manager for none.
Intelsat 23 Proton
Launch Successful
Posted: October 18, 2012
From Intelsat Corporate Communications 15 October
2012:
Intelsat 23 launched successfully from Baikonur
Cosmodrome in Kazakhstan on Oct. 14 at 4:37 a.m. EDT aboard in
International Launch Services (ILS) Proton vehicle. The Intelsat 23
satellite separated from the rocket’s upper stage 9 hours and 30
minutes after launch, at 2:07 p.m. EDT, and signal acquisition has
been confirmed. The satellite will undergo several weeks of testing
before being placed into its final orbital position. Once
operational, Intelsat 23 will replace Intelsat 707 at 307° East and
is expected to have a useful life of more than 18 years.
2nd
Update: 13th Annual Meeting of Intelsat Retirees Association and
Social Gathering Posted: October 12, 2012
Dear Members,
We are looking forward to seeing you at the IRA Annual Meeting on
October 21.
Unfortunately, the response rate for the
meeting has been unusually low thus far.
As a result,
although Congressman Chris Van Hollen had graciously accepted our
invitation to be the guest speaker for this meeting and kindly
continued to be willing to do so despite the potentially very low
attendance, the Board felt , with regret, that it would be more
respectful of the Congressman's time in a busy election year to make
alternate arrangements.
However, we are pleased to announce
that our Intelsat colleague Ken Betaharon who is now with ABS, Asia
Broadcast Satellite has accepted our invitation to speak at the
Annual Meeting instead. Ken has been with ABS since 2008 and is the
Chief Technology Officer.
(Click here for ABS announcement).
He will discuss key technical developments in the industry as well
as future trends.
We hope you will join us for this
interesting and informative event!
The Board of Directors wishes also to express our thanks and
sincere appreciation again to Congressman Van Hollen for his
interest in and willingness to meet with the Intelsat Retiree
Association
Sincerely,
Simon B Bennett President, Intelsat Retirees Association
Update: 13th Annual Meeting of Intelsat Retirees Association and
Social Gathering Posted: October 9, 2012
Dear Member,
Please note that your response is needed ASAP -
but not later than this FRIDAY
October 12, 2012
- mailed to: Intelsat Retirees Association, ℅ Nedda
Krowitz, 3210 N. Leisure World Boulevard, #705, Silver Spring,
Maryland 20906. The
Annual Meeting of the General Assembly of the Intelsat
Retirees Association (IRA) is scheduled for : Sunday, October
21, 2012, from 3 PM to 4 PM, which will inform you about key
activities of the IRA and will include a Guest Speaker.
This is followed by a Social Event, with good food and
drinks detailed in our September Newsletter, from 4 PM to 6 PM,
where you can mix with your friends and former colleagues.
The events are held at the
Chesapeake Room in Clubhouse 1 of Leisure World. See
detailed driving directions in the last September Newsletter, which
is available on the IRA website,
www.retireesintelsat.com.
For the meeting, which is followed by a brief presentation from
our guest speaker, the Agenda is:
1. Adoption of the
Agenda 2. President's Report 3. Membership Status Report
4. Report on Association Finances 5. Report on Health
Benefits 6. Social Events Planning 7. Other Business
8. Adjournment I strongly encourage you to attend and enjoy both the
meeting and the fun social event. For the latter there is a
per-person charge of $8.00 to be mailed to Nedda Krowitz at the
address given above.
In addition, because of security requirements at Leisure World,
I suggest you also email the names of the persons in your party to:
Nedda.Krowitz@verizon.net Alternatively, she can be reached
at: 301-438-0883. Please indicate whether you are attending both
the Annual Meeting and Social or just the Annual Meeting.
I hope you choose to attend and look forward to seeing you there.
Sincerely,
Simon B
Bennett
President, Intelsat Retirees Association Note: For Social Gathering menu, see Social
Events
posting August 30, 2012.
Welcome New Members Posted: October 9, 2012
We
are pleased to Welcome the following new members to the Intelsat
Retirees Association:
September 2012
Laurence Alpert Roger Bedford Prakash Sewpaul
Congressman Chris Van Hollen Will Join Us as Our Featured Speaker
at the 13th Annual Meeting of Intelsat Retirees Association and
Social Gathering
Posted: September 12, 2012
Subject to any unforeseen schedule conflicts,
Congressman Van Hollen will address the group on Key Topics
in Congress Now to include issues such as Healthcare, Medicare,
Pensions, STEM (Science, Technology, Engineering, Math)
education, as well as the Future of technical and space
industries in the US.
13th Annual
Meeting of Intelsat Retirees Association And Social Gathering
Posted: August 30, 2012
Please mark your
calendars for the 13th Annual Meeting
of the General Assembly and Social Gathering which will take place on:
Sunday, 21 October 2012 3:00 PM, at Leisure World 3700
Rossmoor Boulevard Silver Spring, MD. Chesapeake Room,
Clubhouse 1.
See Social Events for further details.
New Website Launched!
Posted: August 30, 2012
After more than one year of hard work with many
technical hurdles, our newly enhanced website has been launched
today.
The new website will provide access of non-sensitive
information to the public for the first time by way of the
horizontal menu tabs (above).
Members will access private information through the
vertical menu tabs (to the left) by way of the normal Members Only
log-in.
Here are the changes that have been made:
Public Zone (horizontal tabs) -- no
log-in/password required:
1.
Home
(no change)
2.
About
IRA (new) - vice under History & By-Laws
3.
Join
Us! (new)
4.
Calendar (no change)
5.
Social Events (no change)
6.
Contact (vice Board Members)
7.
Links
(vice Intelsat Link) - many new links to useful information
8.
Pay
Dues (new) - vice under Dues & Contact IRA (may pay Dues
without logging-in)
9.
In
Memoriam (new) - lost Intelsat colleagues & IRA members
Private Zone (vertical tabs) --
log-in/password required:
1.
Accounts
(no change)
2.
BOD Elections (new)
3..
By-Laws
- vice under History & By-Laws
4.
Dues
& Membership
– vice under Dues & Contact
5.
Health Benefits
- vice under Health and Pension
6.
Important Documents *Health Benefits* - vice under
Important Documents
7.
Pension Benefits – vice under Health and Pension
8.
Important Documents *Pension Benefits* - vice under
Important Documents and Health and Pension
9.
Contact Info *Health & Pension* - vice under Health and
Pension
10.
Membership Directory (no change)
11.
Minutes of Meetings (no change)
12.
Newsletters (no change)
13.
Password & Email Change
(no change)
We would
also like to express our Thanks and Appreciation to our web
developer, Richard Fong, who created and supported the
maintenance of our old website which has served IRA well for
over 12 years, and to Bob Peters and Prakash Nadkarni for
their previous help in maintaining/updating the site.
Any comments/suggestions or problems noted, please EMAIL:
Alan Olson -
way2cool1x@comcast.net
Intelsat 21 Launch Successful
Posted: August 20, 2012
The
Boeing Satellite Systems (BSSI) 702MP platform was successfully
launched from a Sea Launch Zenit 3SL launch vehicle via the Odyssey
mobile launch platform on the equator in the Pacific Ocean on 19
August 2012. It will replace Intelsat 9 at 302E° for Latin America.
This is the 12th launch mission by sea from Sea Launch for
Intelsat.
Intelsat 20 Launched Successfully in French Guiana
Posted: August 2, 2012
Ariannespace’s
50th launch for its Arianne 5 heavy-lift launcher was a success
today, first with the piggy-back deployment of Intelsat 20 (Space
Systems/Loral) in the upper payload and then the HYLAS 2 satellite
(Orbital Sciences Corp./Dulles) used by European satellite operator
Avanti in the lower payload. Intelsat 20 will replace the Intelsat
7 and 10 satellites in orbit, providing video, telephone and data
transmission services for Europe, Africa, Russia, Asia and the
Middle East.
Vote for 3 Directors to IRA Board
Posted: July 31, 2012
It is time to
elect three Directors to the Board of the Intelsat Retirees
Association. Members, for further info, please go to BOD Elections
(left-side links menu) after logon.
Intelsat HQ Building Sold for $85 Million
Posted: July 28, 2012
Courtesy of
Washington Business Journal Fri., 7/27/12
Intelsat’s
headquarters building at 4000 Connecticut Ave. NW in the District
has been sold to New York-based The 601W Cos. for $85 million,
Citybizlist.com reports.
Intelsat will lease a portion
of the building for an 18-month term at a gross rent of $9 million
per year.
Welcome New Members
Posted: July 5, 2012
We are pleased to Welcome the following new members to the Intelsat
Retirees Association
David Bower
Jun 2012
Andrea
Maleter
Jun 2012
Rory Chang
Feb 2012
Susan Jung
Feb 2012
Conny Kullman
Feb 2012
Tarek Abdel-Nabi
Oct 2011
Noaga Kondombo
Jun 2011
Intelsat 19 Sea Launch
Update
Posted: June 27, 2012
Per Intelsat website Intelsat 19
status 26 June, “Intelsat 19 has successfully transferred to
geostationary orbit. All of the satellite’s communications antennas
are now in their operational positions, and the communications
payload is being tested. Data received from the satellite indicate
that the south solar array is damaged, and that the power available
to the satellite will be reduced. In-orbit testing is expected to be
completed by mid-July.”
Request for Nominations to the IRA Board
Posted: June 25, 2012
To All Members,
Current terms of three (3) IRA Directors
will end in October 2012. Members are invited to nominate up to
three (3) members of the IRA to serve two years on the board.
Members, for further info, please go to BOD Elections (left-side
links menu) after logon.
Regards,
Simon Bennett President, Intelsat Retirees Association
Amendments to the By-Laws
Posted: June 22, 2012
To read more, please click tab:
By-Laws,
on the left-side, after Logon. Logon privileges for registered
IRA members only.
IRA
Exploring Creation of Facebook Page
Posted: June 20, 2012
In
an effort to better facilitate communications between members and to
reach out to prospective IRA members who are also Facebook members,
the IRA is exploring creation of its own social utility networking
Facebook page, led by volunteer, John Sofranko. Implementation date
of the Facebook page is pending. Any member who currently uses
Facebook and would like to request access to IRA’s Facebook page
should Email administrator: john@sofranko.org.
Per
Intelsat website Intelsat 19 status 14 June, “The south solar array
panel on IS-19 was deployed on 12 June 2012, following four apogee
maneuver firings on 11 June 2012 which delivered the satellite to
its geostationary orbit. All deployable antenna reflectors have been
successfully deployed. Currently, we are conducting tests to
establish the performance, power level, structural integrity and
operability of the satellite.”
Intelsat
Files for $1.75 Billion IPO
Posted: May 20, 2012
In
a long-anticipated financial transaction, Intelsat filed for a $1.75
billion Initial Public Stock Offering on 18 May.
Please
HERE
Click Here to link to article by Space News.
Intelsat VI F-3 Recovery 20th Anniversary
Posted: May 15, 2012
Twenty years ago on 14th May 1992, the 3 astronaut
crew of the space shuttle STS-49 Endeavor in its maiden voyage
successfully captured the stranded satellite by hand after several
attempts using a capture bar failed.
This video highlights the record breaking mission of STS-49, the
maiden voyage of the Space Shuttle Endeavor. It includes the
dramatic capture, repair, and reboost of the INTELSAT VI Satellite,
as well as the ASEM experiment. The effectiveness of certain EVA
techniques for the future construction of a space station is
demonstrated.
Intelsat 19 Sea Launch Successful
Posted: April 7, 2012
The Loral constructed satellite (LS-1300 platform)
was successfully launched from a Sea Launch Zenit 3SL launch vehicle
via the Odyssey mobile launch platform on the equator in the Pacific
Ocean on 1 June 2012. It will replace Intelsat 8 at 166°.
Shortly after launch on late June 1, Intelsat reported that an
anomaly occurred in which deployment of one of its two solar arrays
failed. Intelsat and Loral are investigating the cause and pursuing
corrective actions at this time.
This is the 32nd satellite
launch mission by sea from Sea Launch and the 11th for Intelsat.
Galaxy 3C was the first satellite launched by sea for Intelsat on 15
June 2002.
Former
Intelsat Director General, CEO & Chairman and IRA Member Conny
Kullman Elected to SES Board of Directors Posted: April 7, 2012 Courtesy of Satellite Today 04-06-12
Shareholders of FSS operator SES have elected Miriam Meckle and
former Intelsat Chairman and CEO Conny Kullman to serve as new
members of the company's board of directors, the operator announced
from its April 5 annual general meeting in Luxembourg. Meckel is a
professor of corporate communications and director of the Institute
for Media Management and Communication at the University of St.
Gallen in Switzerland. Kullman previously served as director general
and CEO of Intelsat form 2001 to 2005 and chairman of Intelsat until
his retirement in 2006. The shareholders meeting also approved SES'
2011 accounts and proposed dividends, which will be paid to
shareholders on April 25. Following the election, SES' new board of
directors elected Rene Steichen as Chairman and Francois Tesch and
Jean-Paul Sens as vice chairmen.
Intelsat
22 Proton Launch Successful Posted: March 26, 2012
The Boeing Satellite Systems (BSSI) 702MP platform
was successfully launched from the Balknour Cosmodrome in Kazakhstan
on 25 March 2012. It will replace Intelsat 709 at 72E° for Africa,
Asia, Europe and Middle East.
3rd
Annual IRA/COMARA Night at Strathmore
Posted: 16 November 2011 Members are cordially
invited to join other members of COMARA and the INTELSAT Retirees
Association at a festive concert by the National Philharmonic
Orchestra at Strathmore, near White Flint in North Bethesda,
Maryland,
on
Saturday, March 24, 2012, at 8 p.m.
National Philharmonic: All Mozart
Saturday, March 24, 2012 at 8:00
PM Music Center at Strathmore
Featuring:
Victoria Gau,
Conductor
William VerMeulen, Horn Esther Heideman, Soprano Linda Maguire,
Mezzo-soprano John Aler, Tenor Kevin Deas, Bass
Program: Serenade in G Major, K. 525 ("Eine Kleine
Nachtmusik") Horn Concerto No. 3 in E-Flat Major, K. 447
Requiem Mass in D Minor, K. 626
We are featuring seats in two areas:
Orchestra seats at $48.80 each, and Grand Tier (2nd
balcony) at $36.00 each. Both of these represent a 20%
discount off Strathmores new prices. Seating will be arranged on a
first come, first served basis. Tickets will need to be picked up
the night of the concert next to the ticket office. Please indicate
any special seating requests. Complimentary parking offered.
Other features of this event include access to the VIP Lounge, a
favorite in years past, both before the concert and at intermission. Make
your checks payable to "IRA" and send to
Intelsat Retirees Association c/o Nedda Krowitz 3210
N Leisure World Boulevard - #705
Silver Spring, Maryland 20906
To meet our payment deadline with
Strathmore,
we must have your payment confirming your reservation by Friday, February 24, 2012.
Brand
Name Rx or Generic?
Posted: February 6, 2012The IRA
was recently notified of a change in the status of
Lipitor. Apparently,
its patent has expired. At the current time, per
Medco,
there is an apparent temporary inversion of the co-pays; i.e., the
name brand Lipitor’s co-pay is $20 while the generic is $80.
Please be aware of this for any refills over the next few months.
A member brought this to our attention recently after a “confusing
conversation with a rep at Medco pharmacy regarding the fact that
the patent on Lipitor has just expired. As it stands today, if a patient is on Lipitor the brand has
a co-pay of $20.00 for a 3-month supply and the generic has a co-pay
of $80.00.”
Noting the member’s experience, another member brought the
following information to our attention and is worth noting: “This
might also be a good time to note that the same prescription via
Brand Scripts would be free.
If people have been hesitant to try this new (last year) program, I
can assure you that it works very well. My wife also uses
Lipitor; she printed out two forms (enrollment form and medication
order), gave the med order to her doctor and now she gets real
Lipitor from Pfizer shipped from New Zealand for free.
Additionally, their service is very good. One month prior to
needing a refill, they call you; no need to remember to call Medco.
We now get all of our prescriptions this way.”
In the Feb.
2011 Newsletter, it was announced that Intelsat introduced the
‘Brand Scripts’ optional prescription drug program,
administered by CRX
International,
effective 1 Jan. 2011. It was indicated to be safe, easy
and provide significant savings to eligible retirees as well as
Intelsat with a co-pay of $0 for certain drugs ordered!
The additional program was established on a voluntary basis and not
intended to replace members’ Rx plan through Medco.
For more information about Brand Scripts program and a list of
eligible free prescriptions (approx. 300), contact
Brand Scripts at 1-866-488-784
or visit website:
www.BrandScripts.com
Posted: September 20, 2011
Please note that we have a new mailing address as of 1 September
2011:
Intelsat Retirees Association 3210 N. Leisure World Blvd., #705
Silver Spring, MD 20906
12th Annual Meeting of Intelsat
Retirees Association
And Social Gathering - Epilogue
Posted: 16 November, 2011
The
13th Annual General Assembly of the Intelsat Retirees
Association took place on
Sunday, October 16, 2011at 3:15 pm at Leisure World,
Silver Spring, MD. There were about 60 members in
attendance which was an increase of 30% over last year's attendance
of 47. After the Agenda was approved, the various chairs of
the committee presented their reports.
Afterwards, as has
been customary in past years in which the BOD arranged for a guest
speaker, Maury Mechanick, Counsel White and Case LLP, and former
Vice-President of COMSAT,1982-2001, presented an informative
overview of the challenges and opportunities In the global
satellite industry.
Presentation
Please Click
HERE
for Maury Mechanick's presentation
After the presentation by the guest speaker, the meeting was
adjourned at 3:55pm at which time the members enjoyed another tasty
dinner-buffet coordinated by Nedda Krowitz and her husband, Morris,
along with good conversation between former colleagues and old-time
friends. Many Thanks to Alan Olson, Bob Peters and Jorge Penaranda
for taking the nice photos.
Photos
Please CLICK links below to see
pictures taken of the event:
Board Of
Directors Election 2011 Posted: September 20, 2011
Three candidates were nominated to run for two vacancies on the IRA
Board of Directors: D.K. Sachdev, Peggy Slye and John Sofranko.
Ballots were sent out on 1 August, 2011 with a vote receipt deadline
fo September 2, 2011.
We are pleased to announce that D.K.
Sachdev and Peggy Slye have been re-elected to fill a two-year
term which expires in October 2013.
The BOD extends its appreciation to John Sofranko for his
interest to serve as a member of the IRA Board of Directors.
12th Annual Meeting of Intelsat Retirees Association
And Social Gathering Posted: August 19,
2011
Please mark your calendars for the
12th Annual Meeting of the General Assembly
and Social Gathering
which will take place on:
Sunday, 16 October
2011,
starting at 3:00 PM, at Leisure World -
3700 Rossmoor Boulevard, Silver Spring, MD, in the Chesapeake
Room, Clubhouse 1
2nd Annual IRA/COMARA Summer Picnic Posted: August 1, 2011
Around
47 persons, which
included
28
IRA members & family, 10
COMARA members & family, and 9 current Intelsat staff -
prospective IRA members - and family came to the 2nd Annual
IRA/COMARA Summer Picnic held at the picturesque Lake Fairfax
Park in Reston, Va, on Sun., 26th June.
Food and drinks
were catered by Red, Hot & Blue, including pulled chicken &
pork, sliced brisket, garden & potato salad, cookies, brownies,
and lemonade & iced tea. Watermelon, cantaloupe and bottled
water were also provided. Raffle drawings were held towards the
end of the affair with 4 lucky winners taking home gift
certificates to Applebee's ($25), PF Chang's ($25), Barnes &
Noble ($50), and Best Buy ($100). A good time was had by all who
attended. Everyone is looking forward to another great picnic
event next year which the the Social Committee will be working
hard on putting together once again.
The proceeds
from this event will support scholarships for American students
seeking enrollment in ISU programs. It is essential that ISU
builds a robust scholarship fund available to these students.
Many Americans are unable to avail themselves of the
interdisciplinary, inter-cultural and international programs
offered by ISU due to lack of sufficient financial aid.
With
the support of the family of Dr. Edelson, ISU is pleased to
sponsor this lecture honoring and memorializing one of the
pioneers of the global space community.
Jay Honeycutt, whose many contributions to the field of
space has few rivals, will be the lecturer for this inaugural
event.
We hope you will join us. Registering on-line will secure your
reservation. Thank you in advance for your attention and your
consideration to support financial aid for American students.
Sincerely,
Michael Simpson Steven Brody
President Vice-President
2nd Annual IRA/COMARA
Summer Picnic Revised: May 8, 2011
What:
2nd Annual IRA/COMARA Summer Picnic Date:
Sunday, 26 June 2011 Time: 12:00pm - 2:30pm Place: Lake Fairfax
Park 1400 Lake Fairfax Drive Reston, VA
Shelter #: "I"
(eye) Cost: $15.00
per person PLEASE MAKE YOUR RESERVATIONS
-
Kindly use the reservation form via below link to let us
know how many in your party will be coming:
From the Beltway - Lake Fairfax Park may be
reached by taking Beltway Exit 47A which is Route 7 or
Leesburg Pike west to a left on Baron Cameron Avenue to the
second left on Lake Fairfax Drive.
From 270 -
Merge on to I-270, keep right onto I-270 SPUR towards 495
Washington / Northern Virginia. I-270 SPUR S becomes I-495 S
/ CAPITAL BELTWAY (crossing into VIRGINIA). Travel about 6.6
miles and merge onto VA-267 W via EXIT 45A toward DULLES
AIRPORT (portions toll). After about 1.7 miles merge onto
LEESBURG PIKE / VA-7 W via EXIT 16 toward LEESBURG. Travel
down Rt. 7 for about five miles and turn left on to Barron
Cameron Road. At the second light turn left onto Lake
Fairfax Drive. This road will lead you into the park.
From D.C. - From 495 coming from Washington D.C., merge
onto VA-267 W via EXIT 45 on the LEFT toward DULLES AIRPORT
(portions toll). After about 1.7 miles merge onto LEESBURG
PIKE / VA-7 W via EXIT 16 toward LEESBURG. Travel down Rt. 7
for about five miles and turn left on to Barron Cameron
Road. At the second light turn left onto Lake Fairfax Drive.
This road will lead you into the park.
From Rt. 81
- Once on 81 merge onto I-66 E via EXIT 300 toward FORT
ROYAL / WASHINGTON, then after about 53 miles Take the
FAIRFAX CO PKWY / VA-7100 exit- EXIT 55- toward SPRINGFIELD
/ RESTON / HERNDON. Merge onto VA-7100 N / FAIRFAX COUNTY
PKWY / Towards RESTON/ HERNDON and travel about 9.4 miles.
Then Merge onto BARON CAMERON AVE / VA-606 E. Travel about
2.8 miles and turn right onto Lake Fairfax Drive which will
lead you directly into the park.
From Rt. 66 -
Merge onto I-66 E via EXIT 300 toward FORT ROYAL /
WASHINGTON, then after about 53 miles Take the FAIRFAX CO
PKWY / VA-7100 exit- EXIT 55- toward SPRINGFIELD / RESTON /
HERNDON. Merge onto VA-7100 N / FAIRFAX COUNTY PKWY /
Towards RESTON/ HERNDON and travel about 9.4 miles. Then
Merge onto BARON CAMERON AVE / VA-606 E. Travel about 2.8
miles and turn right onto Lake Fairfax Drive which will lead
you directly into the park.
Satellite Exhibit at the
National Electronic Museum
Posted: February 4, 2011
The
Corcoran School of Design has finished 4 designs for a permanent
satellite exhibit at the National Electronics Museum (NEM)
near BWI Airport.
A winning design has been selected for
the over 1,000 sq. ft. exhibit. A faculty member of the Corcoran and
students have agreed to work on fabrication designs and we have
several organizations such as Intelsat, Lockheed Martin and ILS
that have indicated support for key exhibit display items. Anyone
wishing to support this effort should contact Joe Pelton at
jocpelton@verizon.net.
Work is
underway to reconfigure website to provide public-facing
accessibility (no login required) to some of IRA's
non-sensitive information in the hope of attracting new members, as
well as enhancement of the website's outdated 10+ year-old design.
Any suggestions or comments from members are welcomed. Please
contact Alan Olson:
way2cool1x@comcast.net
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Remote Address
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Date/Time
21-Dec-24 04:04 AM
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