Is Global Eagle Entertainment the first domino to fall for a market shakeout?

23 July, 2020

A long-anticipated IFC market shakeout could be on the horizon after COVID-19 helped push another satcoms provider into bankruptcy. Global Eagle Entertainment, the US-based aero and cruise connectivity specialist, has agreed to sell itself to its lenders through a US$675m ‘stalking horse’ bid, setting a floor for a potential auction.

The bid for most of...

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Satellite sector entering crucial juncture as earnings season nears

7 July, 2020

The space economy has soared to record heights according to new research, but the upcoming Q2 results season will be the real measure of the satellite industry’s trajectory.

Investors are especially keen to see how maritime and aero revenues have been affected, as well as guidance for those segments for...

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OneWeb buyout stages smallsat operator for further funding drive and business revamp

7 July, 2020

OneWeb will pursue US$1bn-1.5bn in further financing as the smallsat operator develops a next-gen payload and broadens its business strategy following its buyout, a source familiar with the deal said.

The US$1bn sale of the UK-based bankrupt operator is likely to have global implications, with the biggest impacts to be felt keenly in the UK and India and more broadly in…

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