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Sirius Stockholders Approve $1.2B Recapitalization

Sirius Satellite Radio [Nasdaq: SIRI] said its stockholders have overwhelmingly approved the company’s proposed recapitalization. A majority of Sirius (New York City) stockholders voted to approve transactions to exchange $700...

EchoStar Adds 400,000 Net New Subscribers

EchoStar Communications [DISH] netted approximately 400,000 new subscribers during the fourth quarter to boost its subscriber total to 8.18 million at the end of 2002. EchoStar (Littleton, Colo.) also reported...

SAT-TEL, IROC Complete Merger

SAT-TEL [Toronto: SAJ] and IROC Systems [Toronto: IRC] have received shareholder approval to merge the two companies based in Red Deer, Alberta. Financial terms were not disclosed. SAT-TEL specializes in...