September 05, 2023
Satellite operator Intelsat SA filed a joint motion to reopen its Chapter 11 case late Friday in Virginia bankruptcy court, following through on a stipulation with competitor SES Americom Inc. that the proceedings would resume if the district court reversed the denial of SES' $421 million claim against the estate.
October 07, 2022
Alliance Health's liquidating trustee alleges a law firm helped a $100 million fraud scheme, the Alex Jones-controlled Free Speech Systems needs a new leader, and satellite operator Intelsat SA escapes from a $400 million contract dispute. This is the week in bankruptcy.
October 04, 2022
A Virginia bankruptcy judge has ruled against a satellite operator creditor of Intelsat SA on breach of contract claims related to an agreement to split the proceeds from selling capacity on communications spectrum, finding a decision by the Federal Communications Commission to hold a public auction instead nullified the agreement.
April 19, 2022
A satellite operator creditor of Intelsat SA told a Virginia bankruptcy judge on Tuesday that Intelsat pulled out of a contractual arrangement to split the proceeds from selling capacity on wireless communications spectrum as part of a money grab to stave off bankruptcy.
February 17, 2022
The Federal Communications Commission on Wednesday gave its blessing to Intelsat SA's plan to emerge from Chapter 11, finding that a transfer of control from the bankrupt commercial satellite operator to a planned new parent company is in the public interest.
February 07, 2022
A competitor of reorganized debtor Intelsat SA told a Virginia bankruptcy judge that it's entitled to $1.8 billion in damages from a joint project to vacate the companies' space on a satellite communications spectrum, accusing Intelsat of reneging on a contract at the last minute to keep an unfair share of $9.7 billion in payments from wireless carriers.
December 16, 2021
Intelsat SA brokered a last-minute deal Thursday morning that helped the bankrupt commercial satellite operator reach consensus among its creditors for a Chapter 11 restructuring, leading a Virginia judge to approve the reorganization plan later in the day.
December 15, 2021
Commercial satellite operator Intelsat SA filed a proposed settlement Wednesday in the Virginia bankruptcy court that would pay the allowed claims of first-lien noteholders in full from the proceeds of a new post-bankruptcy loan.
December 13, 2021
Confirmation opponents in the $15 billion Chapter 11 of global satellite telecommunications venture Intelsat SA received a 1½-day break after a sixth day of testimony Monday, with a judge reporting signs of progress during parallel mediation efforts.
December 09, 2021
An Intelsat SA creditor quizzed a company financial adviser Thursday on whether the bankrupt venture had taken a new look at reinstating some $1.8 billion in first lien notes to save cash and claims in its nearly $15 billion Chapter 11 debt restructuring case, pointing to recent success with the tactic in another proceeding.