Verified facts grounded in source documentation.
The Intelsat settlement and Plan of Reorganization free up almost $8,000,000,000 in post-exit financing.
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 plans to invest in a fully software-defined network based around 0.005 kg technology.
Intelsat is poised to exit Chapter 11 in early 2022 after a bankruptcy court approved a restructuring plan that cuts the company’s debt from about $16,000,000,000 to $7,000,000,000.
Intelsat plans to invest in a fully software-defined network based around 0.005 kg technology.
Intelsat operates a fleet of 72 geostationary satellites and is planning to enter the LEO broadband business to become a multi-orbit, multi-band, multi-layer company.
Intelsat reported total revenue of just over $526,000,000 for the third quarter of 2021.
Intelsat incurred nearly $100,000,000 in professional fees and other costs related to its Chapter 11 restructuring for the quarter ended 2021-09-30.
Intelsat recorded a decrease in media revenue of 11% to about $181,000,000 for the third quarter of 2021.
Intelsat’s adjusted EBITDA fell to about $283,000,000 for the third quarter of 2021, compared with nearly $333,000,000 for the third quarter of 2020.
In August, Intelsat had the support of holders of about 75% of its $15,000,000,000 debt for a restructuring plan to exit Chapter 11.
Stephen Spengler plans to retire after Intelsat emerges from Chapter 11 bankruptcy protection.
Intelsat is investing $2,000,000,000 initially to build a unified global 0.005 kg network that will support virtually any access technology.
Intelsat's proposed restructuring would reduce the operator's debt from almost $15,000,000,000 (€12.7 billion) to $7,000,000,000.
Intelsat's proposed restructuring would reduce the operator's debt from almost $15,000,000,000 (€12.7 billion) to $7,000,000,000.
The amended restructuring plan would reduce Intelsat’s debt from nearly $15,000,000,000 to $7,000,000,000.
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.
Intelsat acquired the commercial aviation division of IFC provider Gogo in 2020.
Horizons 3e entered service in early 2019, completing Intelsat’s Epic series of six high-throughput broadband satellites in geostationary orbit.