Michael_72

Something is brewing

I sold mine as well. No luck with this stock, furthermore have bankruptcy new on loan.

When a company come out with news and the investor relations just didn’t come out for any clarification. I think it is solely a gamble.

Bring me the memories of bank of Greece.

Complicated own situation, furthermore servicing government bodies as well

One close industry observer, speaking to Inside Satellite, said that Intelsat has no choice other than to accept and participate in the FCC’s overall spectrum scheme. “Because the FCC is taking their frequencies whether they like it or not. The question for Intelsat is whether they will commit to expedited relocation from or evacuation of the lower 300MHz of C-band (3.7-4.0 MHz) and to coordinate the job of getting their earth station partners/customers to do the same. If they just go along, they will be reimbursed for their expenses, including new satellites, ground station equipment for their gateways and TT&C stations, and to pass along to their earth station partners. If they commit to expedited evacuation, which removes their use of those 300MHz by December 2023, then they will get incentive payments ESTIMATED by the FCC of close to $5 billion. But that number is dependent it seems on what the mobile folks pay for those frequencies. Given its debt, Intelsat has almost no choice but to commit to do it.”

A Chapter 11 bankruptcy further complicates matters, to say the least.

Intelsat has been somewhat silent on its intentions regarding the planned auction by the FCC of 280 MHz of spectrum over the US to help support the take-up of 5G telephony and data.

However, Bloomberg Law reports that Intelsat is seeking a bankruptcy loan in order to keep the satellite company in business under a Chapter 11 court protection while it waits for the FCC’s disbursement of around $5 billion from the planned spectrum auction later this year.

Bloomberg says that Intelsat has appointed JPMorgan Chase & Co is seeking the cash under ‘debtor in possession’ Chapter 11 rules to institutional investors “according to people with knowledge of the plans”. The loan – said to be of some $750 million – would help fund improvements to Intelsat’s spectrum ahead of the FCC auction.

Intelsat’s position is not helped by a number of legal actions already underway. Top of the list is that of David Hepper’s hedge fund Appaloosa (7.4 per cent investors in Intelsat) which has urged Intelsat to renegotiate the terms of the FCC’s auction and compensation solution. Or else to liquidate. There are also a number of Class Actions building up against two key Intelsat shareholders.

One close industry observer, speaking to Inside Satellite, said that Intelsat has no choice other than to accept and participate in the FCC’s overall spectrum scheme. “Because the FCC is taking their frequencies whether they like it or not. The question for Intelsat is whether they will commit to expedited relocation from or evacuation of the lower 300MHz of C-band (3.7-4.0 MHz) and to coordinate the job of getting their earth station partners/customers to do the same. If they just go along, they will be reimbursed for their expenses, including new satellites, ground station equipment for their gateways and TT&C stations, and to pass along to their earth station partners. If they commit to expedited evacuation, which removes their use of those 300MHz by December 2023, then they will get incentive payments ESTIMATED by the FCC of close to $5 billion. But that number is dependent it seems on what the mobile folks pay for those frequencies. Given its debt, Intelsat has almost no choice but to commit to do it.”

A Chapter 11 bankruptcy further complicates matters, to say the least.

If this is real than rumor than we should see it floating every where and official link. By the way, even David asks I to go for bankruptcy to delay the C-band options.

Are we saying we buy this share without knowing it is possible to bankrupt? Or we think it won’t bankrupt?

Any news where I secure loan or accept FCC will be great.

Everything is possible, it can go bankrupt it can also go 2x and 3x

One thing for sure, what do you buy this stock for? Because of the potential and institutional investors right?

Just sell if you think will bankruptcy and just buy if you think it will go up.

I have stakes here but better go and buy others.