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Loral Skynet Inks Deal With Rede TV
Loral Skynet do Brasil Ltd., a subsidiary of Loral Space & Communications [OTC: LRLSO], has signed an agreement with Brazilian television network Rede TV to provide satellite capacity on Telstar […]
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Orbital Selected For Military Launch Vehicle Contract
Orbital Sciences [NYSE: ORB] landed a contract from the U.S. Air Force‘s Space and Missile Systems Center Detachment 12 for a suborbital rocket that will test an advanced penetrator. The […]
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Sirius, Antex Electronics Unveil New Receiver
Sirius [Nasdaq: SIRI] and equipment manufacturer Antex Electronics have introduced what they say is the world’s first satellite radio specifically designed for use in multi-room, multi-zone audio systems. The companies […]
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EchoStar Completes Redemption of Senior Notes
EchoStar Communications [Nasdaq: DISH] confirmed that effective Sept. 3, 2003, its subsidiary, EchoStar DBS Corp., completed the redemption of $245 million principal amount of its 9 1/8 percent senior notes […]
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Survey Shows Satellite Radio Is Gaining Traction
Satellite radio is showing signs of advancing beyond the “early adopter” stage and achieving robust growth for the remainder of 2003 and beyond, according to a survey by ChangeWave Research, […]
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Lockheed Adds Partners For New GPS System
Lockheed Martin [NYSE: LMT] announced that Raytheon [NYSE: RTN], ITT [NYSE: ITT] and General Dynamics [NYSE: GD] have joined its team to develop the GPS III, the U.S. Air Force‘s […]
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Merrimac Industries Gets Estimated $4.4M Boeing GPS Contract
Merrimac Industries [AMEX: MRM] has signed a deal with Boeing [NYSE: BA] that could reach a value of $4.4 million to supply its Beamforming Networks and RF/Microwave signal processing components […]
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New Skies Completes $54M Share Buy Back Program
New Skies Satellites [NYSE: NSK], the Netherlands-based global satellite communications company, has completed its share repurchase program, acquiring a total of 13,057,024 ordinary shares at a cost of approximately $54.0 […]
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Gilat Inks Network Deal With Valero Energy
Spacenet, a U.S. subsidiary of Gilat Satellite Networks [Nasdaq: GILTF], has signed a deal with Valero Energy [NYSE: VLO] to provide a broadband satellite communications network for the company’s 4,000 […]
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C-COM Launches Two-way Internet For Residential Customers
C-COM Satellite Systems [Toronto: CMI], an Ottawa, Canada-based satellite Internet provider, has introduced a new high-speed Internet service intended for residential customers in Canada. The new residential service will allow […]
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Noteworthy
The battle for video and high-speed Internet access is here. Find out who is likely to win, who has the greatest challenges, and what opportunities that knowledge will open up […]
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Sirius Files $500 Million Shelf Offering
Sirius Satellite Radio [Nasdaq: SIRI] has filed a $500 million shelf registration with the Securities and Exchange Commission, but said it has no immediate plans to issue securities. The company […]
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Globecomm Inks $4.7 Million In New Contracts
Globecomm Systems [Nasdaq: GCOM] has won two satellite infrastructure contracts from repeat customers valued at $4.7 million. Globecomm didn’t reveal the names of the repeat customers. The company will provide […]
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New Skies Launches IP Platform In West Africa
New Skies Satellites [NYSE: NSK], the Netherlands-based satellite communications company, has established an additional IP transmission platform dedicated to Internet services providers, telecommunications carriers, government agencies and businesses throughout West […]
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German Broadcasters Renew Astra Distribution Contracts
German broadcasters ARD and ZDF have signed new long-term contracts to continue their partnership with SES Astra, a unit of SES Global [Luxembourg: SESG]. The new contracts allow for a […]
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Boeing Selects Eutelsat for In-Flight Satellite Connectivity
Connexion by Boeing, a business unit of Chicago-based Boeing [NYSE: BA], has signed a contract with Paris-based satellite operator Eutelsat for satellite transponder capacity for Connexion by Boeing’s mobile broadband […]
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Noteworthy
The battle for video and high-speed Internet access is here. Find out who’s likely to win, who has the greatest challenges, and what opportunities that knowledge will open up for […]
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Integral Systems Acquires Jackson & Tull Satellite Division
Satellite ground systems provider Integral Systems Inc. [Nasdaq: ISYS] has signed an agreement to acquire the intellectual property rights, inventory and other assets of the former Jackson & Tull Satellite […]
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FCC FOCUS: FCC Adopts Further Measures To Streamline Satellite Licensing
By John Quale, Brian Weimer and John Beahn Seeking to further expedite the review of satellite and earth station applications, the Federal Communications Commission (FCC) in July 2003 released yet […]
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Regulatory Review: Europe’s Satellite Action Plan Plenary
by Gerry Oberst This past July, the European Commission (EC) sponsored a plenary meeting in Brussels regarding the longstanding EC Satellite Action Plan (SAP). The EC initiated the SAP in […]
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Industry At Large
People GILAT: Names New Spacenet CEO Gilat Satellite Networks Ltd. named Bill Gerety as the new CEO of its Spacenet subsidiary. Prior to joining Spacenet, Gerety served as acting CEO […]
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Premiere Continues Slow Progress
Premiere, the German satellite pay-TV operator, added less than 100,000 net subscribers in the first six months of 2003. The operator continues to make slow progress towards profitability. By June […]
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New Skies Continues To Outperform Expectations
New Skies Satellites [NYSE: NSK] continues to show healthy revenue numbers, which are above most analysts’ expectations. In its second quarter results announced on Aug. 12, the operator announced quarterly […]
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EchoStar Dishes It Out Once Again
By Thomas Watts EchoStar Communications [Nasdaq: DISH] continues to outpace the competition, as shown by its second quarter results. EchoStar’s DISH network added 270,000 net new subscribers in the quarter, […]
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Satellite Regulatory Reform Needed To Bridge International Digital Divide
By Keith Bernard Last month, two officials representing the World Summit on the Information Society (WSIS) held a press conference in Washington, D.C., outlining developments and upcoming activities for the […]
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Frownfelter: PanAmSat Unworried By Intelsat
The North American satellite landscape has dramatically changed with Intelsat securing a deal to acquire some of the Loral Space & Communications satellite assets. But, Loral has now confirmed that […]
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Transponder Monitor
110.5ºE: Sinosat 1 D Followers of the banned Falun Gong cult are being blamed for another satellite jamming incident in China. On 12 and 13 August programmes from the state […]
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AsiaSat Sees Profits And Revenues Dip
AsiaSat, the leading Asian satellite operator, has seen its revenues and profits drop in the first six months of 2003. Its revenues in the first half of 2003 were HK$456 […]
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Intelsat, Ascent Import Russian TV
Ascent Media Network Services (AMNS), a division of Ascent Media Group, is teaming up with Intelsat to deliver Channel One Russia Worldwide Network (formerly known as Public Russian Television) from […]
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The Satellite News Financial Ticker
Week of Aug. 15 – 21, 2003 Percentage Change Symbol Aug. 21 Price One Week One Month Three Month Year to Date Operators APT SATELLITE HLDGS ATS 2.82 3.7 (18.3) […]