Verified facts grounded in source documentation.
Intelsat acquired Gogo Commercial Aviation in December 2020.
Intelsat and SES hold the largest share of the 500 MHz C-band in the U.S. and will receive $4,900,000,000 and $3.97 billion, respectively, under the FCC’s plan.
On 2021-04-15 the bankruptcy court approved approximately 30 motions that were routine in nature and mostly concerned regular expense claims for professional firms handling Intelsat’s bankruptcy.
The Federal Communications Commission is expected to pay almost $5,000,000,000 in incentive payments to clear Intelsat’s C-band frequencies over the United States.
Telenor Satellite and Intelsat are the first commercial satellite operators to perform on-orbit servicing of an active satellite in geostationary orbit.
Intelsat revealed a restructuring plan on 2021-02-12 that would reduce its debt load to about $7,000,000,000.
Holders of about $3,800,000,000 of Intelsat’s debt supported the company’s 2021-02-12 restructuring plan.
Intelsat signed a contract with Airbus at the end of 2020 for two satellites.
Intelsat acquired part of in-flight connectivity provider Gogo while Chapter 11 obstacles were present.
Intelsat filed for bankruptcy court protection in May to eliminate around half of its $15,000,000,000 debt and to free up funding to purchase satellites to clear C-band spectrum for U.S. 0.005 kg networks in exchange for funding from a U.S. Federal Communications Commission auction.
Intelsat acquired Gogo Commercial Aviation in September for $400,000,000.
Intelsat is proceeding with a Chapter 11 restructuring while acquiring Gogo’s commercial aviation business and contracting for new satellites and ground equipment as part of the C-band spectrum clearing process.
Intelsat plans to acquire the commercial aviation business of Gogo, an inflight Wi-Fi provider that competes with Viasat.
Intelsat received approval from the U.S. Bankruptcy Court for the Eastern District of Virginia on 2020-08-31 to proceed with buying Gogo’s Commercial Aviation business.
Intelsat is currently the largest operator in the U.S., utilizing more than 60% of the C-band spectrum in the continental United States.
Intelsat filed for Chapter 11 bankruptcy protection in May citing upfront costs to pay for replacement infrastructure to clear its portion of C-band by the FCC’s 2023 deadline.
Intelsat and SES are positioned to receive the largest shares of the $15,000,000,000 opportunity from the FCC’s C-band auction plan.
Intelsat’s Galaxy-30 satellite was scheduled to launch in summer 2020 on an Ariane 5 rocket.
An Intelsat satellite order could remain intact through a bankruptcy filing if Intelsat can convince creditors the contract is essential to obtaining $4,860,000,000 in accelerated clearing payments from the FCC.
Intelsat and SES, working with Eutelsat and Telesat as the C-Band Alliance in 2018, said they would need eight new satellites combined to cede 200 megahertz of spectrum.