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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 […]
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 [...]
McLean’s Iridium to purchase Satelles
McLean-based Iridium Communications, a global satellite communications company, has entered into an agreement to acquire Satelles, a Reston-based provider of satellite-based time and location services that serve as a backup for GPS and other global navigation satellite systems (GNSS), Iridium announced Monday. Satelles’ positioning, navigation and timing (PNT) service is known as Satellite T[...]
Shentel to sell cell towers portfolio for $310.3M
Shenandoah Telecommunications (Shentel) has entered into an agreement to sell its portfolio of cellular towers and associated operations to Vertical Bridge Holdco for $310.3 million in cash, the Edinburg-based company announced Friday, a move that appears to largely transition Shentel out of the last remnants of its cellular phone business. Vertical Bridge is the nation’s […]
Shentel to acquire Ohio fiber company
Edinburg-based Shenandoah Telecommunications, better known as Shentel, plans to acquire Horizon Telcom for $385 million, the company announced Tuesday. Shentel will pay $305 million in cash and the rest in common stock. The transaction is expected to close in the first half of 2024. Ohio-based Horizon, founded in 1895, is a commercial fiber provider with […]
Federal Contractors | Technology 2023: JILL SINGER
Singer has been leading the telecommunications company’s business activities for the Department of Defense and the U.S. intelligence community since 2020. She oversees efforts to bring 5G connectivity to a broad swath of uses from helping first responders communicate during disasters to enabling U.S. Air and Space forces to adopt autonomous vehicles and robots. Recently, […]
Telecommunications 2023: CHRISTOPHER E. FRENCH
Shentel is focusing on growing Glo Fiber, its optical fiber home and business broadband service. It had more than 138,000 broadband customers at the end of 2023’s first quarter, a period when it added more than 1,000 route miles of fiber to support customers. With 649 employees in Virginia and 845 total, Shentel reported fiscal […]
Telecommunications 2023: ERNEST ‘ERNIE’ ORTEGA
Ortega began 2023 by announcing GTT had completed its financial restructuring and was marking “the beginning of an important new chapter” as a “customer-focused managed services provider.” Two weeks later, he revealed the company’s new marketing tagline, “Making exceptional possible.” In 2021, the global provider of managed network and security services sold its infrastructure [...]
Telecommunications 2023: MATTHEW J. DESCH
Iridium launched five spare satellites in May, completing its plans to upgrade the resilience of its constellation of communication satellites. It now has 66 operational crosslinked satellites and 14 spares. Iridium’s mobile voice and data satellite communications network is used in ships, planes and land vehicles and for Internet of Things systems. For fiscal year […]
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 […]
Telecommunications 2023: J.D. MYERS II
Myers has been with Cox since 2006, leading its Virginia operations and now its East Coast region. Earlier this year, the home and business telecommunications and cable TV provider expanded Myers’ role, placing him in charge of day-to-day operations for much of the eastern U.S., including Connecticut, Florida, Georgia, North Carolina, Ohio, Rhode Island and […]
Telecommunications 2023: MAGGIE HALLBACH
In May, Verizon Business announced a $145.7 million contract to help the U.S. Postal Service transition to a cloud technology platform as it modernizes. Hallbach said Verizon’s network-as-a-service offering will help USPS’ customer support systems run more efficiently. The Postal Service is among Verizon Public Sector’s federal, state and local government customers. Verizon Publi[...]
