Intelsat’s to participate in the forthcoming clearance of C-band spectrum in the United States has led to the satellite operator to seek Chapter 11 bankruptcy protection.
Intelsat is considering commencing Chapter 11 bankruptcy proceedings if US regulators don’t increase the amount of compensation being offer for surrendering part of its C-band (3.7GHz to 4.2GHz) spectrum.
Intelsat has appointed David M. Tolley as Executive Vice President and Chief Financial Officer, effective June 3, 2019.
Intelsat announced that its CFO, Jacques Kerrest, plans to retire.
Intelsat has reported a third-quarter loss of $374.6 million.
The leading satellite operators Intelsat, SES, Eutelsat and Telesat have joined forces to create a consortium called the C-Band Alliance (CBA).
WATCH VIDEO. Intelsat and Azercosmos, the national satellite operator of Azerbaijan, have announced the successful launch of the Intelsat 38 and Azerspace-2 satellite aboard an Ariane 5 launch vehicle from the Guiana Space Centre in Kourou, French Guiana.
Intelsat is seeing a lot of demand in Central and Eastern Europe for HD channels at the one degree West position.
Intelsat has announced that Mexican multimedia company, Grupo Televisa, has extended their contract for Intelsat’s satellite solutions.
The leading global satellite operators Intelsat, SES and Eutelsat have aligned on a market-based proposal for the future use of the lower C-band spectrum in the US.