Loral Skynet Inks Rede TV Deal

Loral Skynet do Brasil, a subsidiary of Loral Space & Communications [OTC: LRLSO], has signed an agreement with Brazilian television network Rede TV to provide satellite capacity on Telstar 12 for coverage of Brazilian winter festival Campos do Jordao and the Championship Auto Racing Teams’ (CART) events. Financial terms of the deal weren’t disclosed.