<\/strong>
WASHINGTON: Two of the largest satellite companies<\/a> are fighting in U.S. bankruptcy court over incentive payments to clear spectrum for next 5G<\/a> wireless use.
Satellite company SES SA<\/a> claims rival Intelsat<\/a> SA breached a 2018 agreement to work together as part of a Federal Communications Commission<\/a> (FCC<\/a>) plan to free up key C-Band<\/a> satellite spectrum for use by wireless carriers.
SES said in a court filing that Intelsat had agreed to split incentive payments designed to speed up spectrum clearing 50-50 but changed its mind after the FCC in February allocated Intelsat $4.9 billion and SES $4 billion.
SES's filing Friday recounted a Feb. 5 celebratory dinner at an upscale steak and seafood restaurant in northern Virgina between both chief executives after a call with a senior FCC attorney in which Intelsat confirmed it would split the proceeds 50-50. The FCC declined comment.
A few days after the dinner \"and at approximately 3 a.m. EST, (Intelsat CEO Stephen) Spengler called SES's CEO, Steve Collar, and said he had 'a problem,'\" SES's filing said.
Spengler told Collar Intelsat believed the agreement had been disbanded three months earlier, when the FCC decided to proceed with a public auction rather by a private sale, SES's filing said.
\"During his call with Mr. Collar, Mr. Spengler was contrite and rightly so,\" the filing said. \"Mr. Collar was shocked.\"
\"This case is about corporate desperation, greed, and dishonesty,\" the SES court filing said. \"Saddled with crippling debt and facing bankruptcy, Intelsat betrayed its faithful contractual partner in a brazen attempt to steal approximately $450 million.\"
Intelsat declined to comment Friday, but said in prior court filings SES's claim is \"based on meritless theories of breach of contract, breach of fiduciary duty, and unjust enrichment.\"
It calls the $1.8 billion sought \"flat-out absurd.\"
Intelsat filed for bankruptcy protection in May in Virginia; a judge scheduled a two-week trial on SES's claims for June 28, 2021.
Intelsat argued that SES \"does not need even close to the amount of time it seeks, but believes that delaying a trial will improve its leverage in plan negotiations\".
Both companies are based in Luxembourg.
The C-band is a block of spectrum used to deliver video and radio programming to 120 million U.S. households.
The auction is set to begin next week. An SES spokeswoman said Friday its claim \"will not impact SES's ability to complete the C-band clearing according to the FCC's accelerated time lines.\"
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SES说Intelsat拉塞在伙伴关系
卫星公司SES SA声称对手国际通信卫星公司违反了2018年的一项协议,共同作为联邦通信委员会(FCC)的一部分计划释放键c波段卫星频谱使用的无线运营商。
由大卫Shepardson
华盛顿:两个最大的卫星电视公司战斗在美国破产法庭激励支付清除谱未来5克无线使用。
卫星公司SES SA索赔的竞争对手国际通信卫星公司SA违反了2018年的一项协议共同努力的一部分联邦通信委员会(FCC)计划释放的关键c波段卫星频谱使用的无线运营商。
SES提交的法庭文件称,国际电信卫星已同意将奖励旨在加速谱清算后一半,但改变了主意FCC Intelsat分配49亿美元,SES 2月40亿美元。
SES上周五的文件叙述了一个在2月5日举行的庆祝晚宴在一个高档牛排和海鲜餐厅在弗吉尼亚州北部之间的首席执行官与FCC高级律师的电话后,国际电信卫星证实它将平分收益五五开。FCC拒绝置评。
几天后晚餐”和美国东部时间大约在3点左右,(Intelsat首席执行官Stephen)斯宾格勒称为SES的首席执行官史蒂夫的领子,说他有一个问题,”SES的文件说。
斯宾格勒告诉衣领Intelsat相信这项协议已经解散三个月前,当美国联邦通信委员会决定进行公开拍卖,而私人销售,SES的文件说。
”斯宾格勒先生与先生的电话在他的衣领,痛悔,确实如此,”文件说。“领先生惊呆了。”
“这里是关于企业绝望、贪婪和不诚实,“SES法庭文件中说。“背负着沉重的债务负担,面临破产,Intelsat背叛其忠实的合作伙伴在一个无耻企图偷大约4.5亿美元。”
Intelsat周五拒绝置评,但之前在法庭文件中表示SES的说法是“基于违反合同的法律依据理论,违反信托责任,和不正当得利。”
它调用的18亿美元寻求“彻头彻尾的荒谬”。
国际通信卫星公司在弗吉尼亚州5月申请破产保护;法官安排为期两周的试验SES申请6月28日,2021年。
Intelsat认为SES”不需要甚至接近它寻找的时间,但是相信推迟审判在计划将提高其利用谈判”。
两家公司都设在卢森堡。
一块频谱使用c波段提供视频和广播节目1.2亿美国家庭。
拍卖将于下周开始。SES一位发言人上周五说,其声称“不会影响SES的能力完成c波段结算根据FCC的加速时间线”。
华盛顿:两个最大的卫星电视公司战斗在美国破产法庭激励支付清除谱未来5克无线使用。
卫星公司SES SA索赔的竞争对手国际通信卫星公司SA违反了2018年的一项协议共同努力的一部分联邦通信委员会(FCC)计划释放的关键c波段卫星频谱使用的无线运营商。
SES提交的法庭文件称,国际电信卫星已同意将奖励旨在加速谱清算后一半,但改变了主意FCC Intelsat分配49亿美元,SES 2月40亿美元。
SES上周五的文件叙述了一个在2月5日举行的庆祝晚宴在一个高档牛排和海鲜餐厅在弗吉尼亚州北部之间的首席执行官与FCC高级律师的电话后,国际电信卫星证实它将平分收益五五开。FCC拒绝置评。
几天后晚餐”和美国东部时间大约在3点左右,(Intelsat首席执行官Stephen)斯宾格勒称为SES的首席执行官史蒂夫的领子,说他有一个问题,”SES的文件说。
斯宾格勒告诉衣领Intelsat相信这项协议已经解散三个月前,当美国联邦通信委员会决定进行公开拍卖,而私人销售,SES的文件说。
”斯宾格勒先生与先生的电话在他的衣领,痛悔,确实如此,”文件说。“领先生惊呆了。”
“这里是关于企业绝望、贪婪和不诚实,“SES法庭文件中说。“背负着沉重的债务负担,面临破产,Intelsat背叛其忠实的合作伙伴在一个无耻企图偷大约4.5亿美元。”
Intelsat周五拒绝置评,但之前在法庭文件中表示SES的说法是“基于违反合同的法律依据理论,违反信托责任,和不正当得利。”
它调用的18亿美元寻求“彻头彻尾的荒谬”。
国际通信卫星公司在弗吉尼亚州5月申请破产保护;法官安排为期两周的试验SES申请6月28日,2021年。
Intelsat认为SES”不需要甚至接近它寻找的时间,但是相信推迟审判在计划将提高其利用谈判”。
两家公司都设在卢森堡。
一块频谱使用c波段提供视频和广播节目1.2亿美国家庭。
拍卖将于下周开始。SES一位发言人上周五说,其声称“不会影响SES的能力完成c波段结算根据FCC的加速时间线”。
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