All verified mentions of this organization in source documents.
Intelsat requested that it receive 60% to 67% of the proposed $9,700,000,000 in accelerated clearing payments on the basis that it must clear the largest share of North American C-band spectrum.
The FCC’s draft plan allocates the largest share of accelerated clearing payments to Intelsat, with a 50% share that could be worth up to $4,850,000,000 if the spectrum is cleared by the 2023 deadline.
Eutelsat helped form the C-Band Alliance with Intelsat, SES, and Telesat in 2018 and quit the group in 2019 after disagreeing with its members.
Eutelsat aligned with Intelsat on 2020-02-21 and urged the FCC to allocate 62.6% of the proposed accelerated clearing payments, or $6.07 billion, to Intelsat.
SES wrote on 2020-02-20 that Intelsat has no right to unilaterally disband the C-Band Alliance.
Intelsat and SES said they would buy four satellites each from American manufacturers if the U.S. FCC chose their private auction plan.
Intelsat reported $913,600,000 in losses on $2,060,000,000 in revenue for 2019.
Intelsat is budgeting for five new satellites through 2022, including the already-ordered Galaxy-30 being built by Northrop Grumman and the Intelsat-40e under construction at Maxar Technologies.
Intelsat forecast 2020 revenues of $1,980,000,000 to $1,930,000,000.
Intelsat’s backlog stood at $7,000,000,000 and total debt at $14,700,000,000 as of 2019-12-31.
Intelsat’s stock was $4.38 a share as of 1:00 p.m. Eastern and was up more than 25% from where it was trading the previous week.
Intelsat on 2020-02-19 urged the FCC to provide the company at least $1,000,000,000 more of the $9,700,000,000 in proposed compensation for clearing C-band spectrum for 0.005 kg networks.
Intelsat has more than $800,000,000 in unrestricted cash and is not concerned about a $421,000,000 debt payment due in June 2021.
Hedge fund Appaloosa of Short Hills, New Jersey took a 7.4% stake in Intelsat to compel the company to demand more clearing payments from the FCC.
Intelsat requested $5,800,000,000 to $6,500,000,000 in accelerated clearing payments instead of the $4,850,000,000 offered under the FCC’s proposed plan.
Intelsat expects to announce a launch provider to ensure Intelsat-40e reaches orbit in 2022.
Intelsat intended to award a contract by the end of 2019 for a direct replacement for the three-year-old Intelsat-29e satellite.
Intelsat-40e was ordered from Maxar Technologies to serve as a partial replacement for Intelsat-29e.
Intelsat ordered Intelsat-29e from Boeing in 2012.
Intelsat notified satellite trackers that the 15-year-old Spaceway-1 had been successfully decommissioned well above the threshold for the GEO graveyard orbit.