Archive

ASIASAT BORROWS $250M

Hong Kong-based AsiaSat (half-controlled by Astra) has negotiated a US$250 million (E297.97m) syndicated loan to part-finance the building of AsiaSat 4 and 5. AsiaSat 4 will be positioned at the...

CZECH HONOURS EU TV RULES

The Czech Republic has approved draft legislation that sees it harmonise local regulations that affect satellite and cable broadcasters. Jan Pelcova from the government office press department says various amendments...

INTERSPUTNIK PLANS 100 SMALL SATELLITES

Intersputnik (international organisation for space communications) revealed in Moscow that it intends to launch some 100 small telecommunication satellites, each of 500kg in weight. These satellites will be used for...

NEW BACKING FOR SKY GLOBAL

Saudi financier Prince Alwaleed Bin Talal, nephew of Saudi Arabia’s King Fahd, has said that he is potentially interested in becoming an investor in News Corp’s satellite television spin-off, Sky...

LORAL BUYS GLOBALSTAR CREDIT FACILITY

Loral Space & Communications has acquired all of a bank credit facility under which Globalstar had borrowed $500 million (E593.02 million). The purchase was financed by a new $500 million...