{"id":87755,"date":"2009-12-18T20:28:52","date_gmt":"2009-12-18T10:14:06","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/ses-wins-protostar-2-auction\/"},"modified":"2026-08-19T14:46:21","modified_gmt":"2026-08-19T06:46:21","slug":"ses-wins-protostar-2-auction","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/ses-wins-protostar-2-auction\/","title":{"rendered":"SES Wins ProtoStar 2 Auction"},"content":{"rendered":"

[12-18-09] SES<\/strong> placed the winning bid in the ProtoStar<\/strong> 2 satellite auction, the company announced Dec. 17.
\n    SES\u2019 Satellite Leasing Business will pay $185 million in cash for the satellite. ProtoStar 2, launched in May, carries 27 Ku-band and 13 S-band transponders and is located at 107.7 degrees East. The spacecraft will be integrated into the global satellite fleet of SES World Skies<\/strong> to provide incremental capacity over Asia.
\n    \u201cBy acquiring a healthy satellite in orbit we are fast-tracking future revenue growth and providing our customers with incremental capacity while reinforcing our commitment to the continued development of the Asian DTH market,\u201d Rob Bednarek, president and CEO of SES World Skies, said in a statement.
\n    SES paid the same amount of money it offered in a rejected proposal to the U.S. Bankruptcy Court of Delaware<\/strong> on Dec. 9. Under the terms of that agreement, SES would have offered a floor bid of $185 million in cash for ProtoStar 2 in exchange for a guaranteed $6.3 million in compensation from the bankruptcy court if SES were outbid.
\n    ProtoStar argued that SES\u2019s offer would attract higher bids for the satellite, since its floor bid was close to the high-end of ProtoStar 2\u2019s estimated value. ProtoStar also claimed that SES would withdraw its $185 million bid if it were not guaranteed compensation.
\n    In November, Intelsat<\/strong> won the auction for ProtoStar 1 with a bid of $210 million.<\/p>\n

Related Stories-<\/h2>\n

\nBankruptcy Court Rejects SES ProtoStar 2 Bid Agreement<\/b>   \t\t\tSatellite Today   \t\t\tDecember 14, 2009
\n[12-14-09] The U.S. Bankruptcy Court of Delaware has rejected a proposed agreement between ProtoStar and SES over the auction of the ProtoStar 2 satellite, scheduled for Dec. 16. Under the terms of the agreement, filed with the\u2026<\/p>\n

Intelsat Wins ProtoStar 1 Auction for $210 Milllion<\/b>   \t\t\tSatellite Today   \t\t\tNovember 2, 2009
\n[11-02-09] Intelsat won the bidding for the ProtoStar 1 satellite, the operator announced Oct. 30. Intelsat will pay $210 million in cash for ProtoStar 1 and will rename the satellite Intelsat 25. The spacecraft was placed on\u2026<\/p>\n

ProtoStar Files for Chapter 11 Bankruptcy Protection<\/b>   \t\t\tSatellite Today   \t\t\tJuly 29, 2009
\n[07-29-09] ProtoStar and its five affiliates have filed for Chapter 11 bankruptcy protection, the U.S. Bankruptcy Court of Deleware confirmed. The case, number 09-12658, was registered with the court July 29. ProtoStar\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

[12-18-09] SES placed the winning bid in the ProtoStar 2 satellite auction, the company announced Dec. 17.     SES\u2019 Satellite Leasing Business will pay $185 million in cash for the satellite. ProtoStar 2, launched in May, carries 27 Ku-band and 13 S-band transponders and is located at 107.7 degrees East. The spacecraft will be integrated […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","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-87755","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87755"}],"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=87755"}],"version-history":[{"count":1,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87755\/revisions"}],"predecessor-version":[{"id":87942,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/87755\/revisions\/87942"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=87755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=87755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=87755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}