Intelsat

In March 2023, rival satellite operator SES confirmed that it was in talks about a merger with Intelsat but in June 2023, it was announced that these discussions had ended.[5][6] On 30 April 2024, SES announced that an agreement had been reached to acquire Intelsat for USD$3.1 billion, with the transaction expected to close in the second half of 2025.[10] These contracts point to the pursuit of a multi-year network transformation plan with investments designed to deliver higher speeds, more flexibility, redundancy, and backwards compatibility.Financial contribution to the organization, its so-called "investment share", was strictly proportional to each member's use of the system, determined annually; and this corresponded to the weighted vote each would have on the Board of Governors.[32] After 2014, Intelsat maintained its corporate administrative headquarters [33][non-primary source needed] in Tysons, Virginia,[34] where a majority of its employees worked at the time.[35] Intelsat maintains constantly staffed global network operations centers in its Tysons Corner location and in Ellenwood, Georgia.[37][non-primary source needed] Intelsat filed for a Chapter 11 bankruptcy in U.S. courts on 13 May 2020, just before the new 5G spectrum auctions, with over US$15 billion in total debt.[38][39] Public reporting showed that the company had been considering bankruptcy protection as early as February 2020,[40] as Intelsat formally withdrew from the C-Band Alliance.The consortium had been formed to lobby U.S. regulator, the Federal Communications Commission (FCC) regarding the reassignment and payment for the legacy 5G spectrum of its members.In connection with the emergence from bankruptcy, Intelsat also obtained $6.7 billion in new financing including a revolving credit facility, term loan, and secured notes.The vertical integration combined Intelsat’s next-generation global telecommunications network with Gogo CA’s customer-facing capabilities offering airlines and passengers an enhanced inflight entertainment and connectivity (IFEC) experience.[7][46][47] As of March 2011,[update] Intelsat has agreed to purchase one-half of the 2,000 kg (4,400 lb) propellant payload that an MDA Corporation spacecraft satellite-servicing demonstration project would take to geostationary orbit.[50] On 25 February 2020, a Northrop Grumman robotic servicing spacecraft, Mission Extension Vehicle 1 (MEV 1) docked with the Intelsat 901 satellite.