Author: Staff Writer

Jim Blomfield, CEO of Hong Kong-based Galaxy Satellite Broadcasting, resigned last week, citing personal reasons. There now, apparently, are concerns about the future of Galaxy, a joint venture between Intelsat...

AVC Broadband Managing Director Frank Tyler is confident the operator can build a profitable business but it is unlikely to reach the 80,000 subscribers it initially targeted for 2004. The...

Week of Aug. 6 – 12, 2004 Percentage Change Symbol Aug. 12 Price One Week One Month Three Month Year to Date Operators APT SATELLITE HLDGS ATS 1.49 (3.9) (13.4)...

Intelsat Ltd. today said it has signed a definitive agreement to be sold to a consortium of private-funds partners. The transaction, which includes the assumption of $2 billion in existing...

Satellite Today has learned that Intelsat‘s board members have met to consider proposals that could bring in more than $4.5 billion once the auction for the company ends. Reports are...

Frank Tyler, AVC Broadband‘s managing director, is confident that the satellite broadband provider can make an impact in the U.K. broadband market place. AVC Broadband is part of AVC Wireless...

India scheduled the launch of its Edusat satellite for mid-September. The launch of the satellite, dedicated to delivering educational content to Indian users, will be a milestone for the Indian...

ITT Industries Inc. [ITT] completed the purchase of the Remote Sensing Systems (RSS) business from Eastman Kodak Co. [EK] for $725 million in cash. According to the buyer, the acquisition...

Navigation systems provider Thales promoted Claude Boyard to vice president and CFO. Boyard joined the company in 1978, most recently serving as the business group director of finance for Thales’...

The Federal Communications Commission gave the nod to the sale of PanAmSat Corp. [SPOT] to affiliates of Kohlberg Kravis Roberts & Co. L.P., The Carlyle Group and Providence Equity Partners...