December 2011
- SPECIAL EDITION – THE TOP-10 SPACE BUSINESS STORIES OF 2011 - #1 – Deal or No Deal #5 – Consolidation and Collaboration 2011 will be remembered for a number of Vertical integration, consolidation and transformative deals that happened, and some cooperative ventures were key 2011 themes: that did not: EchoStar acquired the assets of Inmarsat plc purchased maritime Move Networks Inc. and purchased Hughes communications services provider Ship Equip Communications, Inc., while sister company International AS; EADS subsidiary Astrium DISH Network picked up Blockbuster Inc.’s acquired mobile satellite and ground systems assets and acquired DBSD North America providers Vizada and ND Satcom; satellite Inc. and TerreStar Networks Inc. via manufacturers Thales Alenia Space and ISS bankruptcy proceedings; Honeywell Reshetnev agreed to jointly develop satellite purchased EMS Technologies Inc. and OHB platforms, components and subassemblies. AG acquired the Space Systems Division of #6 – Satellite Procurements Keep Pace Swedish Space Corporation; Telesat Despite an anticipated cyclical dip, 18 Canada’s shareholders terminated its sales commercial satellite orders kept pace with last process while co-owner Loral Space and year: Boeing: MEXSAT satellite Communications Inc. announced plans to communications system (2); Astrium: spin-off Space Systems/Loral. Intelsat S.A. MEASAT-3b, Eutelsat 3B and DIRECTV-15; planned its IPO. Lockheed: Jabiru-1; Mitsubishi Electric: #2 – Space Transportation Milestones Turksat-4A & -4B; Orbital: SES-8, Thaicom 6 Significant launch services industry milestones and the MEXSAT system (1); Space for 2011: NASA’s Space Shuttle program Systems/Loral: AsiaSat 6 & 8, DLA-1 & -2, ended after 30 years and 135 missions; Sea Optus 10 and THOR-7; and Thales: Launch resumed operations following its Turkmenistan’s first Ku-band satellite. bankruptcy restructuring with new owner #7– Satmex Finally Restructures Energia Overseas Ltd.; Arianespace th In May, U.S. bankruptcy authorities approved celebrated its 200 launch and the first Soyuz the restructuring plan of Satélites Mexicanos, mission from the Guiana Space Center; ILS S.A. de C.V., and with new financing in hand, International Launch Services performed its a fleet renewal program is underway with the first Proton Breeze M dual launch mission; anticipated 2012 launch of Satmex-8 and China Great Wall Industry Corporation
Space Business Review plans being drawn up for Satmex-7. secured additional international customers; and Space Exploration Technologies Corp. #8 – Hosted Payloads Capture Attention secured various commercial customers for its Orbital Sciences Corporation acquired a emerging Falcon 9 launcher. right of first refusal on 20% of the Iridium NEXT constellation’s hosted payload capacity; #3 – Spectrum Scarcity & Competition Boeing Commercial Satellite Services was Insatiable demand for mobile broadband formed to pursue governmental hosted connectivity highlighted the need for efficient payloads/services opportunities. capacity growth and spectrum management: LightSquared challenged allegations that the #9 – Evolution of the MSS Market terrestrial portion of its wholesale 4G LTE Iridium posts double digit subscriber growth wireless network is incompatible with GPS and adds new services and Globalstar looks nd services in the U.S.; DISH Network planned a to roll out future services with 2 generation competing service by combining the assets of satellites in orbit. What’s next for MSS? DBSD North America and TerreStar #10 – Modest Decline in Satellite Launches Networks; and Hughes and Star One picked 22 commercial satellite launch missions: up strategic orbital slots and spectrum rights Arianespace/Starsem: Yahsat 1A, Intelsat from Brazilian regulator Anatel. New Dawn, ST-2, GSAT-8, ASTRA 1N, Arabsat-5C, SES-2, Galileo constellation (2) #4 – Broadband Birds Up & Running nd A number of next-generation broadband and Globalstar 2 generation satellites (12); satellites were launched or commenced China Great Wall Industry Corporation: operations in 2011 to provide DSL-equivalent Zhongxing-10, PAKSAT-1R and W3C; ILS services in Africa, Europe, the Middle East and International Launch Services & Russian North America, including HYLAS-1 (Avanti government (Proton-M): Telstar 14R/Estrela BEIJING do Sul 2, SES-3, KazSat-2, QuetzSat-1, FRANKFURT Communications), KA-SAT (Eutelsat), Yahsat HONG KONG 1A (Al Yah Satellite Communications ViaSat-1, AsiaSat 7 and AMOS-5; and Sea LONDON Company PrJSC) and ViaSat-1 (ViaSat, Inc.). Launch: Atlantic Bird 7 and Intelsat 18. LOS ANGELES MUNICH To learn about Milbank’s Space Business Practice, or view previous issues of the Space Business Review, please visit www.milbank.com. NEW YORK The information contained herein is provided for informational purposes only and should not be construed as legal advice on any subject matter. Recipients of this publication should not take or refrain from taking any action based upon content included herein. If you do not wish SÃO PAULO to receive this newsletter, please send an e-mail to [email protected] with the word “unsubscribe” in the subject line. ATTORNEY SINGAPORE ADVERTISING. Prior results do not guarantee similar results. TOKYO © 2011 - Milbank, Tweed, Hadley & McCloy LLP. WASHINGTON DC