The economics of geostationary (GEO) satellite operators: fleet utilization, debt, refinancing and how incumbents compete with low Earth orbit networks.
GEO Economics
Telesat GEO owes US$1.71 billion on 6 December. Its lenders proposed a rescue that repays that debt in full, about half of it from a shareholder rights offering.
GEO Economics
stc group bought a dedicated Astranis small GEO satellite rather than lease capacity. What ownership buys a national carrier, and what it has yet to prove.
GEO Economics
SpaceX petitions the FCC to deny ViaSat-3 F2 market access in NGSO-primary Ka-band, filed on day 30 of the recon window. The role reversal, explained.
GEO Economics
An undisclosed customer committed more than $600 million for three geostationary communications satellites on the former Maxar 1300 bus. The timing points at the FCC upper C-band clearing, and the anonymity is the most interesting part.
GEO Economics
Telesat's Q2 call changed the December vocabulary. A US$120 million loan at a non-guarantor subsidiary and what a consensual outcome means for creditors.
Sovereignty
Canada committed up to C$2.7 billion on Tuesday morning. The counterparty was Telesat LEO ULC, which is the part of the group the term lenders are in court trying to get back.
GEO Economics
Telesat GEO told its auditors that the cash will not cover December. Ten months earlier, 62 percent of the Lightspeed equity moved outside the reach of the lenders who are now suing to get it back. Ottawa is still funding the entity on the protected side of that wall.
GEO Economics
iDirect, Hughes, Iridium, Comtech. Who sells next in satellite M&A, why ground infrastructure clears at a fraction of what spectrum does, and the constraint that now kills more deals than antitrust ever has.
GEO Economics
DISH's bankruptcy is the headline. Hughes' August 1 debt maturity is the enterprise story with a date on it. Why it matters for JUPITER capacity.