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Tag: Intelsat

  • Intelsat CFO Michael McDonnell resigns; to join Quintiles

    Intelsat CFO Michael McDonnell resigns; to join Quintiles

    MUMBAI: Intelsat S.A. chief financial officer (CFO) Michael McDonnell has resigned from the company.

     

    McDonnell is slated to leave mid-December 2015 and will join as executive vice president and CFO at Quintiles, which is a provider of product development and integrated healthcare services.

     

    Intelsat has commenced the process of an external search for a successor CFO.

     

    Intelsat CEO Stephen Spengler said, “Mike successfully led a number of strategic initiatives during his tenure at Intelsat, including our Initial Public Offering in April 2013 and the major reorganisation of our capital structure in 2011. We thank him for his contributions to Intelsat over the past seven years, and we wish him the best in his future endeavors.”

     

    At Intelsat, McDonnell served as CFO since 2008. Previously, he held CFO positions at MCG Capital Corporation and EchoStar Communications (formerly known as DISH Network Corporation). Earlier in his career, he was a partner at PricewaterhouseCoopers, LLP. McDonnell also served as a member of the board of directors of Catalyst Health Solutions, Inc., a publicly held pharmacy benefits management company. He earned a Bachelor of Science Degree in Accounting from Georgetown University and is a certified public accountant.

     

    On joining Quintiles, McDonnell said, “I’m looking forward to joining Quintiles and working with its talented leadership team and finance professionals. I’m excited to get started on enabling the company’s continued growth and opportunity.”

  • Intelsat expected to raise $471.7 million from IPO

    Intelsat expected to raise $471.7 million from IPO

    MUMBAI: Intelsat, world‘s leading provider of satellite services, is expected to raise net proceeds of approximately $471.7 million after deducting the underwriting discounts and commissions and estimated offering expenses, from its initial public offering on the New York Stock Exchange.

    This is well below the $1.75 billion target that the satellite operator had set for itself while filing for the IPO 11 months ago.

    Intelsat is offering 19.32 million common shares at a price of $18 per share and concurrent public offering of three million Series A mandatory convertible junior non-voting preferred shares at a price of $50 per share.

    Total net proceeds from the offering of common shares, after deducting the underwriting discounts and commissions and estimated offering expenses, is expected to be approximately $328.8 million.

    Total net proceeds from the offering of Series A preferred shares, after deducting the underwriting discounts and commissions, is expected to be approximately $142.9 million.

    The Company intends to use substantially all of the net proceeds from the offerings to repay, redeem, retire or repurchase a portion of its outstanding indebtedness.

    Intelsat is the leading provider of satellite services worldwide. For over 45 years, Intelsat has been delivering information and entertainment for many of the world‘s leading media and network companies, multinational corporations, Internet Service Providers and governmental agencies.

    For the fiscal ended 31 December 2012, Intelsat had reported net loss of $146.6 million on revenues of $2.6 billion. The company had a contracted backlog of $10.7 billion.

  • Intelsat signs multi-year agreement with Time Warner Cable Sports

    Intelsat signs multi-year agreement with Time Warner Cable Sports

    MUMBAI: Intelsat, a leading satellite services provider, has signed a multi-year agreement with Time Warner Cable Sports for a turnkey solution that combines the IntelsatOneSM terrestrial network with capacity on Galaxy 17 for the distribution of two new sports-themed channels.

    Intelsat will add Time Warner Cable SportsNet and Time Warner Cable Deportes to its video neighbourhood at 91° West, the premier orbital location for sports programming delivery in the United States. The agreement will enable reliable and broad distribution of the new 24/7, high-definition regional channels to viewers in the continental United States and Hawaii.
    Through partnerships with the Los Angeles Lakers, Los Angeles Galaxy, Los Angeles Sparks and the California Interscholastic Federation, the networks will feature more than 150 live events, extensive team coverage and unparalleled behind-the-scenes access. In addition, Time Warner Cable Deportes will be the first U.S. regional sports network to broadcast entirely in Spanish.

    Intelsat will provide on-site encoding and multiplexing at Time Warner Cable’s facility in El Segundo, California, as well as fiber connectivity and uplinking via IntelsatOne. The agreement allows Time Warner Cable Sports to scale its network easily and access Intelsat’s other solutions, such as occasional use services, to provide coverage of live games from across the country.

    “With nearly 100 percent penetration of the U.S. cable market, Intelsat’s video neighborhoods are the leading choice for sports programmers, such as Time Warner Cable Sports, seeking maximum viewership in the United States,” said Intelsat Regional Vice President of North America Sales Mark Rasmussen. “This agreement on Galaxy 17 reinforces our long tradition of providing effective delivery solutions to the top content providers in North America and across the globe.”

  • Intelsat to distribute ViewAfrica, ViewAsia Networks programming

    Intelsat to distribute ViewAfrica, ViewAsia Networks programming

    MUMBAI: Intelsat has announced that UK-based View Africa and ViewAsia Networks have launched two regional platforms on the Intelsat system, expanding their program offering in Africa and Asia.

    Through its multi-year contract on the Intelsat 7 and Intelsat 10 satellites, ViewAfrica Network is distributing a free-to-air programming bouquet that now reaches all the Sub-Saharan countries with specific DTH focus on South Africa and Nigeria, and ViewAsia is distributing its programming into the cable headends of Asia.

     
    ViewAfrica Network, uplinking out of Telemedia in South Africa, carries a free-to-air bouquet of religious programming that currently includes the following networks: Daystar, LoveWorld, Divine Truth Broadcasting and Emmanuel TV. ViewAfrica is among 27 DTH platforms built on the global Intelsat system.

     
    Intelsat 7 provides video, direct-to-home and telecommunications services throughout Europe, the Middle East, Africa and Asia. Intelsat 10’s Ku-band payload contains multiple high-powered beams focused on Africa, Europe, India, the Middle East, Central and Western Asia as well as Northeast Asia.

    The beams on Intelsat 10 can be switched between the various regions, offering greater flexibility in the creation of new platforms for the delivery of video, data and IP-based services, a company release says.

  • Intelsat board of directors chairman Conny Kullman to be inducted into SSPI Hall of Fame

    Intelsat board of directors chairman Conny Kullman to be inducted into SSPI Hall of Fame

    MUMBAI: Intelsat has announced that Intelsat Ltd., Board of Directors chairman (retired) Conny Kullman, is a 2007 inductee to the Society of Satellite Professionals International (SSPI) Satellite Hall of Fame.

     
    SSPI will induct its new Hall of Fame members at an invitational ceremony on 20 February, immediately before the start of the annual SSPI Gala, held on the opening day of the Satellite 2007 Conference and Exhibition in Washington, D.C., informs an official release.

    “Conny led Intelsat through its privatization and began the challenging task of transforming the company from an intergovernmental organization to a commercial company, positioning Intelsat to become the leading global satellite operator,” said Intelsat CEO Dave McGlade. “His many achievements throughout his career shaped Intelsat and the industry.”

     
    The release adds that Kullman led Intelsat and its global employee base through its privatization, and its metamorphosis into a highly competitive operator. In addition, he was a driving force behind commercial, operational and engineering changes during his tenure as Intelsat’s chief executive officer from 1998-2005. Under his leadership, Kullman implemented a terrestrial strategy resulting in the development of Intelsat’s GlobalConnex portfolio suite of services, which now represents approximately $130 million in annual revenues.

    In addition, Kullman led a $2.5 billion, three year fleet replenishment campaign that increased available capacity in growth markets. In 2003, Kullman was at the helm when Intelsat announced its acquisition of the North American satellites of Loral Space and Communications, providing Intelsat with access to the North American market and completing Intelsat’s global system.

    In 2004, Kullman recognized the opportunity to achieve the goals of the Orbit Act while at the same time obtaining premium shareholder returns, by conducting an LBO process which resulted in the acquisition of Intelsat by a consortium of private equity firms at a competitive price. Kullman capped his career in 2005 as chairman of Intelsat, playing a critical role in the completion of Intelsat’s acquisition of PanAmSat.

  • Discovery launches HD service in Europe via Intelsat

    Discovery launches HD service in Europe via Intelsat

    MUMBAI: Satellite services firm Intelsat has announced that Discovery will use its Pas-12 satellite to provide Discovery HD, the company’s international high-definition network, in Europe.

    The signing of Discovery as an anchor tenant on Pas-12 marks the start of a high-powered distribution alternative to new channels looking to deliver HD programming across Europe says Intelsat.

    Using capacity on Pas-12, Discovery will provide distribution of Discovery HD, which will originate at its European headquarters in London, to Europe. GlobeCast Europe will uplink the content at its Brookman’s Park teleport in the UK. The signing of the new agreement with Intelsat marks the significant expansion of an already successful relationship, as Intelsat currently provides distribution capacity for Discovery to reach its nearly 1.5 billion cumulative subscribers worldwide.

    Discovery executive VP media, technology and operations John Honeycutt says, “High-definition in Europe is fast growing and as the leader in HD programming, Discovery will continue to play a large role in the development and distribution of content and services utilizing this technology.

    “We have long relied on Intelsat’s global system to support the implementation of our global distribution strategy.”

    Intelsat senior VP, Americas Sales Kurt Riegelman says, “A programmer the caliber of Discovery Communications committing to anchor our new HD neighborhood speaks volumes about the confidence it has in our company and in our system.

    “Intelsat has played a significant role in the distribution of HD programming worldwide and is exceedingly dedicated to furthering the advancement of HD in Europe. We believe that Discovery’s desire to distribute HD across the continent signifies a healthy and growing demand which we’re committed to facilitating.”

    Intelsat currently operates an HD neighborhood in the US on its Galaxy 13 satellite. The establishment of a new HD satellite for Europe is the company’s first step at expanding full-time HD distribution to other areas of the world.

  • Intelsat promotes Linda Kokal to senior VP, treasurer

    Intelsat promotes Linda Kokal to senior VP, treasurer

    MUMBAI: Global satellite service communication provider Intelsat has promoted Linda J. Kokal to senior VP and Treasurer.

    Kokal’s areas of responsibility and oversight include treasury, risk management, and financial planning and analysis. She joined Intelsat’s finance department in April 2006 as Vice President and Treasurer and played an integral role in the capital structuring related to the merger with Panamsat.

    Intelsat executive VP and CFO Jeff Freimark says, “Linda has proven herself to be an invaluable member of Intelsat?s new finance team. With this promotion we are delighted to recognize the solid leadership and integration process expertise she brings to our company.”

  • Intelsat completes acquisition of PanAmSat

    Intelsat completes acquisition of PanAmSat

    MUMBAI: Leading satellite service provider Intelsat today announced the completion of its $ 6.4 billion acquisition of rival PanAmSat. 

    The addition of PanAmSat’s video market expertise, advanced satellite fleet and blue-chip media customer base makes the new Intelsat the largest provider of fixed satellite services (FSS) worldwide to each of the media, network services/telecom and government customer sectors.

    Intelsat acquired all of the outstanding common shares of PanAmSat for approximately $3.2 billion. As a result of the merger, PanAmSat is now a wholly-owned subsidiary of Intelsat, and the common stock of PanAmSat has been delisted from the New York Stock Exchange. The total value of the transaction, including PanAmSat debt that was refinanced or remained outstanding, is approximately $6.4 billion.

    Using optimized capacity on a combined fleet of 51 satellites and a large, complementary terrestrial infrastructure including eight owned teleports, fiber connectivity and over 50 points of presence in almost 40 cities, the new Intelsat:

    — Carries one out of every four television channels transmitted over fixed satellites;

    — Supports 27 DTH platforms worldwide;

    — Operates 16 satellites that are part of video neighborhoods around the world;

    — Is the number one provider of transponders for video programming worldwide;

    — Carries more high definition (HD) programming than any other FSS carrier;

    — Is the largest provider of commercial satellite services to the government sector;

    — Is the leading provider of services to enterprise, Internet and mobile network operators; and

    — Provides communications services to 99 percent of the world’s populated regions.

  • Intelsat-Panamsat merger approved by FCC

    Intelsat-Panamsat merger approved by FCC

    MUMBAI: America’s media regulatory body Federal Communications Commission (FCC) has approved Intelsat’s acquisition of Panamsat.

    Noting that the transaction was unopposed, the FCC Commissioners found that “the transaction will be in the public interest,” and they therefore granted Intelsat’s application for a transfer of control of Panamsat’s FCC licenses. No other regulatory approvals are required, in the US or elsewhere, prior to the closing of the transaction.

    Intelsat is planning on completing the Panamsat acquisition on 3 July 2006. Intelsat CEO David McGlade said, “The closing of the merger will open a new chapter for our industry and our customers, who will benefit from expanded services and improved network flexibility and resilience as we bring together these two great companies.

    “Serving our customers with innovation and quality is our highest priority, and the first step in accomplishing that objective is through implementing a seamless integration.”

    Intelsat and Panamsat had announced their merger agreement on 29 August 2005. Under the agreement, Intelsat will acquire Panamsat for $25 per share in cash, or approximately $3.2 billion in the aggregate.

  • Intelsat ranked first among teleport service providers

    Intelsat ranked first among teleport service providers

    MUMBAI: Intelsat has announced that it placed first on the World Teleport Association’s (WTA) annual rankings of the top teleport operators. Intelsat led the list of the 2006 global top twenty.

    Intelsat is a provider of fixed satellite services.

    WTA’s global top twenty ranks companies based on revenues from all satellite-related sources which includes independents, satellite carriers, fiber carriers, and technology providers.

    Intelsat SVP global marketing Vicki Warker said, “Our leadership in this sector of the satellite industry is a testament to the growth of our hybrid GlobalConnexSM managed solutions business. Since its introduction in 2002, our GlobalConnex revenues have grown dramatically and now represent an annualised run-rate of approximately $130 million.”

    “We provide seamless, secure and easy delivery of voice, data, video and IP traffic anywhere in the world through bundling our satellite capacity with our global teleports, points of presence and ground network infrastructure,” he added.

    Intelsat’s GlobalConnex services are among its highest growth services, driven by demand for corporate data and voice over IP applications, asserts an official release.

    The offering also provides end-to-end support for media, internet trunking, WiFi hotspots, distance learning, and point-of-sale transactions. Another component of Intelsat’s teleport services includes hosting disaster recovery facilities for broadcasters and other operators, adds the release.