Singapore Technologies Engineering  (ST Engineering) revealed that its U.S. subsidiary, iDirect Government (iDirectGov), acquired 100 percent ownership of Glowlink Communications Technology. This acquisition was carried out by way of a merger through a newly-incorporated special purpose vehicle, Intrepid Merger Sub and Glowlink, with Glowlink being the surviving entity. The aggregate purchase consideration was $20 million…

EchoStar revealed the completion of its previously announced spin-off and subsequent merger with Dish Network of the portion of its business that manages, markets, and provides broadcast satellite services primarily to Dish, Dish Mexico, S. de R.L. de C.V. and their respective subsidiaries; and telemetry, tracking, and control services to satellites owned by Dish and a portion…

SES CEO Steve Collar’s head may be in the clouds after a recent deal with Microsoft, but in this case, being in the cloud is not a bad thing. SES kicked off a busy week of trade shows with a huge announcement as the IT giant looks to gain an advantage in verticals such as…

Globalstar decided to proceed with an amendment to the current BPIFAE Facility Agreement together with a capital raise of a new second lien credit facility. Of the two financing options disclosed in the press release on August 9, the amendment was determined to be the optimal path. In June, the Company reached an agreement in principle…