Intelsat-OneWeb deal collapses over failed debt swap

Intelsat said it expects its planned Softbank-backed merger with affordable internet provider, OneWeb, to now be terminated after failing to agree a debt exchange agreement. The satellite operator said that its offer to swap outstanding senior unsecured notes had not been accepted and that the minimum tender conditions for the offer had not been satisfied. […]

Globecast strikes deal with Intelsat for TRT World distribution

Globecast has struck a multi-year deal with satellite operator Intelsat to take the English-language version of Turkish news channel TRT world into the Americas and Asia. Globecast will use Intelsat satellites to distribute the English version of TRT World in high definition format to cable outlets in Asia and the Americas via the Intelsat 20 […]

Intelsat media revenues up in Q1

Intelsat’s media revenues climbed 6% year-on-year in Q1 with growth in DTH services in Latin America, the Carribean and Africa partially offset by declines in Asia Pacific and North America. Media revenue came to US$225.1 million for the three months ended March 31, 2017, and made up 42% of Intelsat’s total revenue. The two other […]

Satellite operators ‘set on high-risk strategy’ as competition tightens

Satellite operators are becoming more aggressively competitive and are seeking to diversify away from broadcast to invest in high-throughput satellites and low and medium-Earth orbit constellations as capacity prices tumble and debts continue to mount, according to a new report by Northern Sky Research (NSR). According to NSR’s Satellite Operator Financial Analysis 7th edition, top […]

Intelsat to merge with OneWeb in major SoftBank-backed deal

Satellite operator Intelsat has agreed to merge with affordable internet provider OneWeb, in a deal backed by a large investment from Japan’s SoftBank Group. Intelsat and OneWeb will merge in a share-for-share transaction, with Intelsat also agreeing a share-purchase agreement with OneWeb investor SoftBank. SoftBank will invest US$1.7 billion in newly issued common and preferred shares […]

Intelsat successfully lofts latest Epic satellite

Intelsat has successfully lofted its third EpicNG high-throughput satellite, Intelsat 32e, on board an Ariane 5 launch vehicle from French Guiana. The satellite, located at 317° East, will primarily deliver broadband coverage for the maritime and aviation markets in Caribbean and North Atlantic. Intelsat 32e is designed to overlay certain beams of Intelsat 29e, the […]

Intelsat 33e satellite enters service

Intelsat’s new high throughput satellite, Intelsat 33e, successfully completed all in-orbit testing and entered service on January 29. The satellite is the second Intelsat Epic-branded high throughput satellite (HTS) to go into service and will extend the satellite operator’s C-, Ku- and Ka-band footprint across the Europe, Middle East, Africa, Asia Pacific, Mediterranean and Indian […]

Over-capacity and changing market hits Intelsat

Pricing pressure fed by capacity over-supply and an ongoing decline in point-to-point and US government business contributed to another tough quarter for Intelsat in the three months to September. The satellite operator posted revenues of US$543 million (€494 million), down 7% year-on-year, and adjusted EBITDA of US$405 million, down 12%. Media revenue was flat in […]

Intelsat 36 enters service

Intelsat’s latest satellite Intelsat 36 has entered service, providing additional DTH capacity for leading African pay TV operator MultiChoice. Built for Intelsat by Space Systems/Loral (SSL), Intelsat 36 was launched aboard an Ariane 5 launch vehicle in August. The satellite, co-located with Intelsat 20 at 68.5° East, includes a Ku-band payload used by MultiChoice and […]

Intelsat looks to new growth as headwinds hit revenues

Multiple headwinds including price competition reflecting over-supply of wide-beam capacity, compounded with currency challenges contributed to a 9% drop in second quarter revenue for Intelsat to US$542 million, and a decline in EBITDA of 13% to US$411 million. Intelsat said that downward trend would continue ahead of the entry into service of four new satellites […]