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.
All verified mentions of this organization in source documents.
Judge Keith Phillips rejected the request for an independent examiner for Intelsat during a virtual hearing on 2021-09-29.
Northrop Grumman has two Mission Extension Vehicles in orbit providing station-keeping services for two Intelsat geostationary satellites that were running low on fuel.
The bankruptcy court will take into account investor support by votes when considering confirmation of Intelsat’s plan on 2021-11-08.
On 2021-09-07, Intelsat’s bankruptcy court entered an order approving Intelsat’s disclosure and exit plan from bankruptcy.
Intelsat operates geostationary communications satellites and plans to offer non-geostationary satcom and related managed services.
The Amended Plan has the support of holders of approximately $11 billion, or nearly 75 percent, of Intelsat's funded debt.
Intelsat filed a 607-page Amended Plan document with the bankruptcy court on 2021-08-24.
Intelsat's proposed restructuring would reduce the operator's debt from almost $15,000,000,000 (€12.7 billion) to $7,000,000,000.
SES is seeking at least $1,800,000,000 in damages related to Intelsat’s withdrawal from an alliance that was set up to evenly split proceeds for clearing C-band spectrum in the United States.
Holders of about $11,000,000,000 of Intelsat’s debt support the amended plan.
Intelsat contends the C-Band Alliance agreement was invalidated when the Federal Communications Commission decided to run an auction for the spectrum instead of a process managed by C-Band Alliance members.
When Intelsat announced the original plan in February, holders of about $3,800,000,000 of its debt supported that plan.
The amended restructuring plan would reduce Intelsat’s debt from nearly $15,000,000,000 to $7,000,000,000.
Under the original plan announced in February, Intelsat would have issued new stock with 95% of the shares going to unsecured creditors of subsidiary Intelsat Jackson.
Intelsat acquired Gogo Commercial Aviation.
Ovzon, through its partner Intelsat General Communications (IGC), received a new SATCOM-as-a-Service order from the U.S. Department of Defense for expanded access to the Ovzon global satellite network.
Intelsat will provide network sizing and design services to Orange to support a consistent and future-proof business model.
Orange will leverage the capabilities of the Intelsat 10-02 (IS-10-02) satellite to upgrade and expand its existing 0.002 kg network and provide 0.003 kg/0.004 kg services in French Guiana, including remote and rural areas.
Intelsat reported a net loss of $152,300,000 for the quarter ending 2021-06-30 compared with a $405,400,000 loss for the same period in 2020.
Intelsat reported media business sales of $184,200,000 for the quarter ending 2021-06-30, down 9% year-over-year.