Intelsat is a multinational satellite services provider, delivering services to commercial, governmental, and military organizations. Operating one of the world's largest integrated satellite and terrestrial networks, the company offers video broadcasting, broadband connectivity, and secure satellite communications. Intelsat partners with organizations like Vodafone, Gilat Satellite Networks, and SKY Perfect JSAT Corporation, and works with launch providers such as Arianespace and International Launch Services to manage its satellite program from design and construction through launch and in-orbit operations.
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Intelsat 41 and Intelsat 44 will provide commercial and government mobility services and cellular backhaul across Africa, Europe, the Middle East and Asia.
The U.S. Bankruptcy Court for the Eastern District of Virginia approved a restructuring plan on 2021-12-16 to cut Intelsat’s debt from $16,000,000,000 to $7,000,000,000.
The litigants in the SES v. Intelsat C-band dispute have agreed to provide their lists of incontrovertible facts by 2022-01-12.
The parties in the SES v. Intelsat C-band dispute will file an agreed position on admissible exhibits by 2022-01-28.
Counsel for the litigants in the SES v. Intelsat C-band dispute can file supplementary depositions on or before 2022-01-10, with counter-depositions to be filed by 2022-01-18.
SES's claim in the C-band dispute is that the Consortium Agreement between C-Band Alliance participants provided for FCC incentive payments to be split 50/50 between SES and Intelsat.
The legal action filed by SES against Intelsat over the division of FCC C-band incentive payments is scheduled to begin on 2022-02-07 and has been allocated two weeks.
Judge Keith Phillips approved Intelsat’s creditor settlement plan on 2021-12-16.
The Intelsat settlement and Plan of Reorganization free up almost $8,000,000,000 in post-exit financing.
Intelsat has exit financing commitments providing access to $7,875,000,000 in capital under the confirmed Plan.
Intelsat expects to receive $4,870,000,000 of accelerated relocation payments in connection with the C-band spectrum clearing project, with $1,200,000,000 of that total already approved by the Federal Communications Commission for anticipated receipt in January.
Intelsat’s approved settlement reduces the company’s pre-bankruptcy indebtedness of about $16,000,000,000 by more than half.
Intelsat agreed to provide the ad hoc noteholders an additional $25,000,000 in cash and three board of director appointments to withdraw their objections to the bankruptcy plan.
Stephen Spengler plans to retire shortly after Intelsat exits Chapter 11.
Intelsat plans to invest in a fully software-defined network based around 0.005 kg technology.
The U.S. Bankruptcy Court for the Eastern District of Virginia approved Intelsat’s restructuring plan, marking the final court milestone for a Chapter 11 process that started in May 2020.
After meeting a regulatory deadline for clearing part of the spectrum, Intelsat expects to receive $1,200,000,000 of C-band clearing proceeds in January.
Intelsat and SES unlocked more than $2,000,000,000 in combined proceeds from the Federal Communications Commission for clearing C-band spectrum.
As Director of Flight Dynamics, Joe Chan oversees the FDS operation and engineering of more than 70 geostationary satellites that Intelsat currently operates.
Northrop Grumman has two Mission Extension Vehicles in orbit providing station-keeping services for two Intelsat geostationary satellites that were running low on fuel.