SES Americom<\/b> filed a $1.8 billion claim in Intelsat<\/b>\u2019s bankruptcy case on Tuesday, alleging breach of contract related to the C-Band Alliance (CBA). <\/p>\n
In the filing, SES said the two operators had reached an agreement in the CBA to split control of the CBA and most of the proceeds, with a percentage going to the other members of the CBA, but Intelsat \u201crepudiated its obligations\u201d after the FCC<\/strong> released its draft order in February. <\/p>\n At the time, Intelsat petitioned the FCC for adjustments to its proposed payout plan, timelines, deadlines, and penalties, specifically asking for 60% to 70% of the accelerated relocation payments. SES issued a heated response, calling it an \u201cegregious attempt to capture a greater share of the proposed accelerated relocation payments.\u201d <\/p>\n In Tuesday\u2019s claim, SES said it is asking for no less than $1.8 billion in damages for Intelsat\u2019s breach of fiduciary duties and Intelsat\u2019s \u201cunjust enrichment at SES\u2019s expense and other related tortious conduct by Intelsat.\u201d <\/p>\n The CBA was formed in 2018 by Intelsat, SES, Eutelsat<\/strong>, and Telesat<\/strong> <\/strong>to facilitate the FCC C-band spectrum clearing processes. The group pushed for a private spectrum auction. Eutelsat exited the group in September 2019. <\/p>\n In an April interview with Via Satellite<\/i>, Intelsat CEO Steve Spengler spoke highly of the CBA and said the group\u2019s collaboration was outstanding and effective. <\/p>\n \u201cWhen we created the CBA two years ago, the focus was to advocate fast clearing of the spectrum, protection of existing customers, and a market-based approach to achieve all of that. At the end of last year, the FCC rejected that approach and decided to go in a different direction. When you look at the final order, it addressed each satellite operator individually. The whole situation changed. We are proceeding as the FCC laid it out,\u201d Spengler said in the interview. <\/p>\n","protected":false},"excerpt":{"rendered":" SES Americom filed a $1.8 billion claim in Intelsat\u2019s bankruptcy case on Tuesday, alleging breach of contract related to the C-Band Alliance (CBA). In the filing, SES said the two operators had reached an agreement in the CBA to split control of the CBA and most of the proceeds, with a percentage going to the […]<\/p>\n","protected":false},"author":1,"featured_media":56978,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-59389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/59389"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=59389"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/59389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/56978"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=59389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=59389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=59389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}