Satellites

Intelsat to purchase Loral's NA satellite assets

BERMUDA: Intelsat, the global satellite communications leader, has announced that it has signed a $ one billion definitive asset purchase agreement with Loral Space & Communications Corporation for six satellites and the rights to their orbital locations.

The proposed acquisition of the Loral assets would complement Intelsat's global network, which includes capacity on 26 satellites, by adding complete coverage of the North American market and by increasing Intelsat's customer base in the cable television and broadcasting segments, says a company release. The total consideration for the assets may increase or decrease based on business performance and as provided for in the agreement.

Of the six satellites to be purchased, four are operational, serving cable television, broadcast and private data network customers in North America. Two satellites are currently under construction and are scheduled to be launched into North American orbital locations in the coming year. Intelsat would assume responsibility for launch and insurance-related costs for one of the satellites currently under construction and would make a $100 million secured down payment on a future satellite to be built by Space Systems/Loral to Intelsat's specifications.

Intelsat CEO Conny Kullman has been quoted in an official release saying, "Intelsat has been pursuing a focused strategy that includes seeking strategic transactions that enhance Intelsat's service application mix and geographic coverage. This transaction, if consummated, meets both of these objectives and enhances our position as a global leader in the fixed satellite services sector. The transaction would provide Intelsat a North American franchise that, given the scarcity of orbital locations, is virtually impossible to build on an organic basis and can be quickly integrated into our business.

The assets to be purchased include the Telstar 4, Telstar 5, Telstar 6 and Telstar 7 satellites, which today provide North American coverage from the 89°W, 97°W, 93°W, and 129°W orbital locations. The agreement also includes two satellites currently under construction, Telstar 8 and Telstar 13. The Telstar 13 satellite, co-owned with EchoStar Communications Corporation, is expected to launch in early August and will be located at the 121°W orbital location.

The Telstar 8 satellite is scheduled to launch into the 89°W orbital location early next year, at which time Telstar 4 will move to 77°W. The in-orbit satellites to be acquired currently carry traffic for premiere broadcasters, cable operators and private data network operators, such as CBS and Fox Broadcasting, and have a contracted backlog of approximately $550 million. Collectively, the satellites have an average remaining orbital maneuver life of 13.7 years.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/09/04/teleport.jpg?itok=-BS19KKl
Intelsat signs distribution contract with Indian teleport operator

MUMBAI: Intelsat S.A., an operator of the globalised network and leader in integrated satellite communications, and LAMHAS, a teleport operator in India, have announced a multi-year agreement for satellite services supporting media distribution in India via the Intelsat 20 satellite.

Satellites Teleports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/31/Satellite1_0.jpg?itok=rcdME4E7
Private sector enters satellite building with 'IRNSS replacement' launch today

MUMBAI: India's success in space exploration has been growing tremendously. One of the seven satellites in the constellation, as three rubidium atomic clocks on board had stopped functioning, the IRNSS- 1H satellite, weighing 1,425kg, will be launched from the second launch pad of the Satish...

Satellites Satellite Launches
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/16/Barrie_Woolston-Graham_Warren.jpg?itok=_QGtMB9i
AsiaSat 5 & Eurovision to deliver Taipei event in 4K & HD from 19 Aug

MUMBAI: Eurovision Media Services, in collaboration with its long-term satellite partner, Asia Satellite Telecommunications Company Limited (AsiaSat), will use AsiaSat 5 to deliver the Taipei 2017 Universiade across the Asia Pacific.

Satellites Satellite Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/03/url.jpg?itok=lFHP9hx2
15 operational sats for communication, 26 under development

NEW DELHI: Fifteen of the 42 currently operational satellites are being utilised to meet the requirements of the communication industry, the minister of state in the department of space Jitendra Singh has said. Singh told the Parliament that the operational satellites in orbit comprise 18 earth...

Satellites Satellite Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/08/01/andrew.jpg?itok=e86OLpvB
AsiaSat 9 set for 28 September launch

AsiaSat 9, AsiaSat’s most powerful satellite, is set for launch on 28 September Moscow time 09:50pm (29 September Baikonur time 00:50am, Hong Kong time 2:50am) on a Proton M/Breeze M rocket from Baikonur Cosmodrome, Kazakhstan, after being in storage at Space Systems Loral’s facility with its Pre-...

Satellites Satellite Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/28/url.jpg?itok=E6E83tG1
Communication facilities increased with 7 satellites in last 3 years

NEW DELHI: Satellite Communication capability was augmented with seven more satellites in the last three years with GSAT-6, GSAT-9, GSAT-15, GSAT-16, GSAT-17, GSAT-18, and GSAT-19. Another major achievement since June 2014 has been the realisation of South Asia Satellite to enable South Asian...

Satellites Satellite Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/21/PSLV%20satellites.jpg?itok=sXnvEpvj
Transponder leasing yields Rs 7.5 bn for communication satellites

NEW DELHI: Communication satellites earned revenue of Rs 7.4668 billion through leasing of INSAT/ GSAT transponders in 2016-17.

Satellites Satellite Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/20/Jitendra%20Singh.jpg?itok=YnOXPneY
GSAT 17 to be inducted into INSAT/GSAT system after tests

NEW DELHI: The GSAT-17 launched last month is undergoing in-orbit tests after which it will be inducted into the INSAT/GSAT system for providing various communication services to the country in C, Extended-C and S-band. The communication satellite, with a lift-off mass of 3477 Kg - carrying...

Satellites Satellite Launches
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/06/29/GSAT-17.jpg?itok=klwqMY4i
India's GSAT-17 communication satellite launched successfully

MUMBAI: GSAT-17 became India’s third communication satellite to successfully reach orbit in the past two months. GSAT-17 was launched in the early morning hours using the European Ariane 5 Launch Vehicle from Kourou, French Guiana. The 3477 kg GSAT-17 carries communication payloads in C-band,...

Satellites Satellite Launches

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories