A class action lawsuit has accused David McGlade, former Intelsat CEO and chairman of its board of directors, along with shareholders BC Partners and Silver Lake, of insider trading around the FCC’s decision in November 2019 to hold a public C-band auction.  The class action lawsuit, filed Jan 14, alleges that McGlade and BC Partners and…

Sunil Bharti Mittal is one of India’s richest business people, and is worth over $10 billion according to Forbes. He is the founder and chairman of Bharti Enterprises, one of India’s leading conglomerates with diversified interests in telecom, insurance, real estate, and agriculture, in addition to other ventures. Recently, Mittal has made news in the…

SoftBank Group has made an investment into the new iteration of OneWeb, the company announced Jan. 15. This marks SoftBank re-investing into OneWeb, after the former majority investor pulled out of a funding round in March, sending the company into Chapter 11 bankruptcy.  OneWeb did not disclose the specific amount of funding for SoftBank’s new…

Eutelsat has taken on a eight-year, $243 million (200 million euro) financing agreement from the European Investment Bank (EIB) to back investments related to the procurement and launch of the KONNECT VHTS satellite.  KONNECT VHTS, is the follow-on satellite of KONNECT, which entered service in November 2020. Thales Alenia Space is building the satellite with…