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Intelsat

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Apr 30, 2024

Intelsat to be acquired by SES for $3.1B

McLean-based satellite services provider Intelsat announced Tuesday that it has made a deal to be acquired by SES, a Luxembourg-based competitor, for $3.1 billion in cash.  The deal is expected to close during the second half of 2025, depending on regulatory clearances and other factors, according to a news release.  Intelsat CEO David Wajsgras will […]

Mar 21, 2024

Intelsat strikes $250M deal with Eutelsat Group

McLean-based satellite services provider Intelsat has committed to secure low-Earth orbit service for six years for $250 million from Paris-based Eutelsat Group’s OneWeb low-Earth orbit (LEO) constellation service, with an option for another $250 million, Intelsat announced Tuesday. “We’ve been partnering with Eutelsat for quite some time now, leveraging its OneWeb LEO constellation [...]

Aug 30, 2023

Telecommunications 2023: DAVID C. WAJSGRAS

Wajsgras took over as CEO of Intelsat in April 2022 soon after the McLean-based satellite operator’s emergence from Chapter 11 bankruptcy and financial restructuring. A little more than a year later, in June 2023, news surfaced that merger talks between Intelsat and its Luxembourg-based competitor SES had been called off. Last year, Intelsat deployed emergency communications […]

Jun 22, 2023

Intelsat-SES merger talks called off

Merger talks between McLean-based satellite operator Intelsat and Luxembourg-based competitor SES S.A. have been called off, SES said in a post on its website Thursday. The merger was anticipated to have created a $10 billion global business. SES confirmed March 29 that the companies had “engaged in discussions” about combining, but said at the time, […]

May 9, 2022

McLean-based Intelsat names new execs

McLean-based Intelsat Corp. has named four new executives. Anthony “Toby” O’Brien will become the satellite provider’s next chief financial officer, after having served in the role for five years with Raytheon Co., Intelsat said in a news release May 5. Michael DeMarco will become the company’s new chief commercial officer, after having served as chief […]

Apr 4, 2022

Intelsat donates space artifact to Smithsonian

McLean-based satellite operator Intelsat Corp. has donated the launch backup of the first commercial communications satellite in geosynchronous orbit to the Smithsonian’s National Air and Space Museum. The company donated the ground spare of the Intelsat 1 satellite, also known as Early Bird. Intelsat 1 was launched on April 6, 1965, and is now inactive […]

Mar 8, 2022

Intelsat names new CEO

McLean-based satellite operator Intelsat has named David Wajsgras its next CEO. Wajsgras will take over from Stephen Spengler effective April 4, according to a company announcement. Spengler announced his retirement from Intelsat in October 2021. According to his LinkedIn account, Wajsgras has worked at Pine Island Capital Partners and served as president of the global, […]

Feb 28, 2022

McLean satellite operator emerges from bankruptcy

McLean-based satellite operator Intelsat Corp. announced on Feb. 23 that it has emerged from its financial restructuring process nearly two years after filing for Chapter 11 bankruptcy. The company’s debt has been reduced from nearly $16 billion to $7 billion, according to a news release. Intelsat obtained $6.7 billion in new financing. The company has […]

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