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 Link to Intelsat.com


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 All Former Employees of Intelsat 

 
The IRAA meets annually each October for its General Assembly. It also holds an early Summer picnic jointly with COMARA (Comsat Alumni & Retirees Assoc.) and Intelsat staff between MAY-JUN; late Summer Social between AUG-SEP; Winter Social between JAN-FEB, as well as an occasional Golf Outing 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.

 

Intelsat, SEC Detail C-Band Transition Plans
Posted:22 June2020

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. 

Click HERE for further details from ViaSatellite

 

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.--()--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.

Click HERE for further details from BusinessWire

 

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.

Click HERE for further details from Advanced Television

 

Welcome New Members
Posted: 10 June  2020

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
 

 

Intelsat (INTEQ) Reports Q1 Loss, Lags Revenue Estimates
Posted: 4 June 2020 2020

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%.

Click HERE for further details from Yahoo/Zacks Equity Research

OTC Markets closed $.5711

 

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.

Click HERE for further details from Advanced Television

 

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. 

Intelsat filed for Chapter 11 bankruptcy on May 13. The shareholder letter was sent in advance of an upcoming court hearing on June 9. 

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.

Click HERE for further details from BusinessWire

Shares delisted on NYSE on 19 May at $.3826/share

 

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.

Click HERE for further details from Yahoo/Zacks Equity Research

Shares closed today $.401/share

 

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.

Click HERE for further details from Bloomberg

 

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

 

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.”

Click HERE for further details from Intelsat

Shares closed today $.493/share

 

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 moment that 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 HERE for 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.

Click HERE for further details from Yahoo/Bloomberg

 

Intelsat Files for Bankruptcy
Posted: 14 May 2020

from Seeking Alpha |About: Intelsat S.A. (I) | By: , SA News Editor 

  • Intelsat has filed for Chapter 11 bankruptcy, a move to "position the company for long-term success."

  • 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.

Click HERE for further details from Yahoo/Reuters

 

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.

Click HERE for further details from Via Satellite

 

Intelsat -9% on Report Bankruptcy Could Come Tonight
Posted: 13 May 2020

from Seeking Alpha |About: Intelsat S.A. (I) | By: , SA News Editor 

  • 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 (()--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.

Click HERE for further details from BusinessWire

Shares closed today $.9612/share

 

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. 

Click HERE for further details from Spacenews

Shares closed today $1.09/share

 

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.

Click HERE for further details from Via Satellite

 

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 lot 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."

Click HERE for further details from BusinessWire

Shares closed today $1.92/share

 

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 IS-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.

Click HERE for further details from CNN

Shares closed today $1.36/share

 

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 Pressman
April 14, 2020, 2:30 PM EDT
 
Satellite 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.

Click HERE for further details from Fortune

Shares closed today $1.10/share

 

Intelsat Seeks Bankruptcy Loan While Awaiting Key Spectrum Sale
Posted 14 April
2020

By Katherine Doherty, Sridhar Natarajan, and Allison McNeely
April 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.

Click HERE for further details from Bloomberg

 

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

 — March 4,

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. 

Click HERE for further details from SpaceNews

Shares closed today $3.12/share

 

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 IntelsatSESTelesatEutelsat, and Star One. 

Click HERE for further details from Via Satellite

 

FCC Approves $9.7 Billion Package to Speed C-Ban Clearing
Posted:
28 February 2020

 — 

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. 

Click HERE for further details from SPACENEWS.

Shares closed today $3.86/share

 

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.

Click HERE for further details from Bloomberg

 

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

by  — 

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.

Click HERE for further details from SPACENEWS.

 

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.”

Click HERE for further details from Intlesat.

Stocks closed today at $4.32/share

 

SES and Eutelsat Make Their Own Cases for More C-Band Money
Posted:
24 February 2020

by  — 

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. 

Click HERE for further details from SPACENEWS.

Stocks closed today at $4.62/share

 

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.

Click HERE for further details from SPACENEWS.

Shares closed today $4.54/share

 

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.

Click HERE for further details from Bloomberg

 

 

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) Reports Q4 Loss, Tops Revenue Estimates
Posted:
20 February 2020

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. 

Click HERE for further details from SPACENEWS.

 

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.

Click HERE for further details from Satnews Daily

Shares closed today $3.17/share

 

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.

Click HERE for further details from Zacks.

Shares closed today $3.29/share

 

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.

Click HERE for further details from SPACENEWS

Shares closed today $3.35/share

 

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.

Click HERE for further details from Barron's.

Shares closed today $3.34/share

 

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.

Click HERE for further details from Market Watch

Shares closed today $3.75share

 

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.

Click HERE for further details from Reuters

Shares closed today $3.76/share

 

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."

Click HERE for further details from Business Wire

 

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.

Click HERE for further details from Bloomberg

 

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."

Click HERE for further details from Reuters

 

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.

Click HERE for further details from Bloomberg

Shares closed today $3.72/share

 

Intelsat
Posted: 5 February 2020

by Rachel Jewett | February 5, 2020

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.

Click HERE for further details from Via Satellite

 

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.

Click HERE for further details from Bloomberg

 

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.

Click HERE for further details from Barron's

Shares closed today $3.97/share

 

Maxar Technology Will Build Next-Generation Intelsat Epic Geostationary Communications Satellite with NASA Hosted Payload
Posted:
3 February 2020

WESTMINSTER, Colo. & MCLEAN, Va.--()--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.”

Click HERE for further details Business Wire

Shares closed today $3.54/share

 

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

by  — 

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. 

Click HERE for further details from SPACENEWS.

 

Help Us Find These Members
Posted: 
27 January 2020

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.

                                                                                             Site featured in video game Fallout 76  for sale

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.

Click HERE for further details from Bloomberg

Shares closed today $7.35/share

 

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.

Click HERE for further details from SCOTUSblog

 

Happy New Year 2020!
Posted: 1 January 2020

 

Welcome New Member
Posted: 31 December 2019

We are pleased to Welcome the following new member to the Intelsat Retirees and Alumni Association:

December 2019

Chi-Ping Sui

 

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.

Click HERE for further details from Zacks

Shares closed today $6.74/share

 

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.

Click HERE for further details from Zacks

Shares closed today $6.91/share

 

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.

Click HERE for further details from Bloomberg

Shares closed today $5.96/share

 

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.

Click HERE for 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.--()--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.

Click HERE for further details from BusinessWire

Shares closed today $6.35/share

 

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.

Click HERE for further details from RealPolitics

Shares closed today $6.60/share

 

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.

Click HERE for further details from Barron's.

Shares closed today $7.12/share

 

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.

Click HERE for further details from Benzinga

 

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%.

Click HERE for further details from MarketWatch

 

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.

Click HERE for further details from Bloomberg

Shares closed today $6.08/share

 

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.

Click HERE for further details from MarketWatch

 

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.

Click HERE for further details from Bloomberg

 

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.

Click HERE for further details from Benzinga

 

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-againup-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.

Click HERE for further details from BusinessWire

 

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.

Click HERE for further details from MarketWatch

 

'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.

Click HERE for further details from MarketWatch

 

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.

Click HERE for further details from Barron's

Shares closed today $13.40/share

 

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.

xClick HERE for further details from Market Watch

 

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--()--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.

Click HERE for further details from BusinessWire

 

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.

Click HERE for further details from Barron's

Shares closed today $12.13/share

 

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.

Click HERE for further details from Benzinga

 

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.

Click HERE for further details from Barron's

Shares closed today $14.423/share

 

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

Click HERE for further details from Zacks

 

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.

Click HERE for further details from SPACENEWS

Shares closed today $20.38/share

 

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--()--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.

Click HERE for further details from BusinessWire

Shares closed today $26.53/share

 

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--()--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.

Click HERE for further details from BusinessWire

Shares closed today $26.21/share

 

Welcome New Member
Posted: 25 October 2019

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--()--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.”

Click HERE for further details from Business Wire

Shares closed today $23.28/share

 

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.

Click HERE for further details from Zacks

Shares closed today $22.95/share

 

Welcome New Member
Posted: 19 September 2019

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.

Click HERE for further details from Intelsat

 

Intelsat (I) Reports Q2 Loss, Tops Revenue Estimates
Posted: 30 July 2019

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%.

Click HERE for further details from NASDAQ.com

Click HERE from Intelsat.com

Shares closed today $21.86/share

 

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.

See our latest analysis for Intelsat

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.

Click HERE for further details from Yahoo Finance

Shares closed today $20.94/share

 

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).

Click HERE for further details from Yahoo Finance

Shares closed today $19.40/share

 

David M. Tolley to Join Intelsat as Executive Vice President and Chief Financial Offer
Posted: 29 May 2019

LUXEMBOURG--()--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.

Click HERE for further details from Zacks

 

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.

Click HERE for further details from MarketWatch.

Click HERE from Intelsat.com

 

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.

Click HERE for further details from SPACENEWS.

 

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.

Click HERE for further details from BusinessWire

Shares closed today $19.47/share

 

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.

Click HERE for further details from Yahoo.com

 

Why Intelsat Stock Fell 35% in March
Posted: 4 April 2019

 

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.

Click HERE for further details from The Street.

Shares closed down today $15.40/share


 

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
.

Click HERE for further details from Intelsat.


Welcome New Members
Posted: 12 February 2019

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.

Click HERE for further details from BusinessWire.


Welcome New Member
Posted: 8 January 2019

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

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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)