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Orbital Recovery Appoints Space Insurance Expert
Orbital Recovery Corp. has appointed Kirby Ikin as its senior vice president for risk management. Ikin has extensive experience in the space insurance and risk management sectors, which he will […]
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ITU Partnership To Provide Satellite Services for Disaster Management
The International Telecommunication Union is partnering with London-based Inmarsat to promote rural telecommunication and support emergency communications in developing countries. Inmarsat will make a 105,000 euro ($109,500) contribution toward the […]
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Globecomm Awarded $5.3 Million In Satellite Infrastructure Contracts
Hauppauge, N.Y.-based Globecomm Systems Inc. [GCOM], a provider of end-to-end satellite communications services, won two satellite equipment infrastructure contracts valued at $5.3 million. The first contract, obtained from an unidentified […]
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Satellite TV Gains Slow In Canada, Study Finds
Cable TV providers are gaining market share in the Canadian digital television market at the expense of satellite TV services, a new study has found. Canadian satellite TV providers have […]
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General Dynamics Provides Support For Tonga Satellite
General Dynamics Network Systems, a business unit of General Dynamics [NYSE: GD], will provide satellite engineering and flight-operations services for the first of several commercial communications satellites that Tonga-based Friendly […]
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Nimiq 2 Launched
The Nimiq 2 telecommunications satellite, designed and built by Lockheed Martin Commercial Space Systems (LMCSS) for Telesat Canada, was successfully launched from the Baikonur Cosmodrome in Kazakhstan. Lift-off occurred Dec. […]
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Comtech Gets $1.3M Order
Melville, N.Y.-based Comtech Telecommunications Corp. [CMTL] has received a $1.3 million order for satellite modems from an unidentified Asian customer for $1.3 million. The order includes the CDM-600 satellite modem […]
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EchoStar To Retire Notes
EchoStar Communications Corp. [DISH] announced that its subsidiary, EchoStar DBS Corp., has elected to retire all of its outstanding 9 º percent senior notes due 2006, three years early pursuant […]
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Beverly Deploys GPS
Beverly Enterprises [BEV] became the first major U.S. healthcare company to enter the field of GPS location and monitoring systems for patient care purposes when it signed a strategic alliance […]
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Pegasus Stock Trades Under Temporary Symbol
Pegasus Communications Corp. said that as a result of its previously announced one-for-10 reverse stock split, its Class A common stock has been trading on Nasdaq on a post-split basis […]
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Stratos To Repay Bridge Facility
Stratos Global Corp., a Bethesda, Md.-based remote communication solutions and services, has reached an agreement with its lending banks regarding amendments to certain terms and conditions of its credit facilities, […]
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MVS Sells 1,000 Inmarsat Regional BGAN Terminals
The MVS Group, a distribution partner for Inmarsat’s high-speed satellite-based Regional BGAN service, has sold 1,000 terminals for the service and expects Regional BGAN to triple its own commercial sales […]
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ViaSat To Supply VSATs To Mexico
ViaSat Inc. [VSAT] has been awarded a contract by INTERNET Directo S.A. de C.V. to provide a LinkStar broadband VSAT network for the Mexican government’s e- Mexico national IT project. […]
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KVH To Introduce Live Satellite TV in Cars
KVH Industries [KVHI] will unveil its TracVision A5 in-motion satellite TV antenna on Thursday at the Consumer Electronics Show in Las Vegas. The 4- 1/2 inch high TracVision in-motion satellite […]
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Castle Harlan Affiliate to Buy Stake in Australian Satellite TV Company
Australian private-equity investment firm Castle Harlan Australian Mezzanine Partners Pty. Ltd. (CHAMP) would become the largest shareholder in Australian satellite TV firm Austar United Communications Ltd. under a bankruptcy reorganization […]
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STMicroelectronics Passes the 100 Million Mark for Set-Top Box Chips
STMicroelectronics [STM], a supplier of set-top box and MPEG decoder chips, recently shipped its 100 millionth MPEG-2 device to set-top box manufacturers, company officials said. ST’s chips are used in […]
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Excessive Fuel In Engine Blamed For Russian Proton Launch Failure
Khrunichev State Research and Production Space Center, a joint venture partner in International Launch Services Inc., (ILS) made available information regarding the investigation into the Nov. 26 Proton K/Block DM […]
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PanAmSat Promotion Aimed At Freeing CEO To Grow Revenues
The promotion of James Frownfelter to the post of chief operating officer at PanAmSat Corp. [SPOT] is aimed at allowing CEO Joseph Wright to focus on growing the company’s revenues. […]
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The Satellite News Financial Ticker
Week of Dec. 30 – Jan. 3 2002 Percentage Change Symbol Jan. 2 Price One Week One Month Three Month Year to Date Operators APT SATELLITE HLDGS ATS 1.79 9.8 […]
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Gilat’s Recent Contract Wins in Latin America, Africa Boost Backlog
Gilat Satellite Networks Ltd. [GILTF], a satellite networking technology company, reported a “significant increase” in its order backlog when it released its latest quarterly results Monday. The gains are a […]
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WildBlue Rebounds With Financing
WildBlue Communications Inc. appears locked in to begin commercial service in 2004 after finalizing a $154 million financing package from key strategic partners. As reported in a front page SATELLITE […]
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The New Year Offers Little
A speedy industry recovery from a dismal 2002 is not expected anytime soon. The outlook is for modest improvement in the economy and in business prospects during the year. Satellite […]
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XM Refuels With Needed Financing
Washington-based XM Satellite Radio [XMSR] is sacrificing a big portion of the ownership stake of its existing shareholders in a planned $450 million restructuring that will gain the company about […]
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Spotlight: Wireless Company Offers GPS Feature
Companies increasingly seem open to using alternative technologies to serve their customers. The latest example is Atlanta-based Southern LINC, a wireless communications service from Southern Company [SO]. Southern LINC recently […]
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Foiled Merger Brings Providers Back To Basics
Termination of the proposed merger between DirecTV Inc. and EchoStar Communications Corp. [DISH] ended another chapter in the competitive landscape of the U.S. direct broadcast satellite (DBS) industry. Many now […]
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Arianespace Eyes Quick Recovery From Anomaly
France-based Arianespace S.A. will need a bit more time before it can shake off the Dec. 11 launch failure of an Ariane 5 that occurred during the first mission of […]
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Satellite TV Gaining Ground
The Federal Communications Commission (FCC) has released its ninth annual report on competition in the market for the delivery of video programming. The report finds that cable television still is […]
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Industry At Large
People Spectrum Astro Promotes New Executives Spectrum Astro promoted Daren Iverson to vice president of contracts and finance and CFO. His new duties include the oversight and management of Spectrum’s […]
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Reality TV Hits India
Zonevision has formed an alliance with Zee-Turner in Asia to launch its Reality TV channel in India. The channel will launch on Feb. 1, 2003. The deal was announced on […]
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New Skies Inks Microspace Deal
Microspace, operator of one of the largest business satellite broadcasting networks in the world, has hooked up with New Skies Satellites to broadcast real-time, IP-based information to thousands of locations […]