Author: Staff Writer

Sirius Stockholders Approve $1.2B Recapitalization

Sirius Satellite Radio [Nasdaq: SIRI] said its stockholders have overwhelmingly approved the company’s proposed recapitalization. A majority of Sirius (New York City) stockholders voted to approve transactions to exchange $700...

EchoStar Adds 400,000 Net New Subscribers

EchoStar Communications [DISH] netted approximately 400,000 new subscribers during the fourth quarter to boost its subscriber total to 8.18 million at the end of 2002. EchoStar (Littleton, Colo.) also reported...

Merrill Lynch Likes EchoStar

Merrill Lynch is boosting estimates for EchoStar Communications’ [DISH] fourth-quarter subscriber growth by 15,000 due to lower subscriber churn than anticipated. The change brings subscriber estimates for the direct broadcast...

GlobeCast Extends Fiber Ring

GlobeCast, a satellite broadcast subsidiary of France Telecom [FTE], has extended its fiber network to Asia with the inauguration of a 45-Mbps transpacific fiber trunk between Singapore and Los Angeles,...

ESA Signs Launcher Contracts

The European Space Agency has signed contracts with the ELV Co. to complete the development phase of the Vega European small launcher program and with FiatAvio to develop the P80...

Gilat Supports Mexican Venture

Gilat Satellite Networks [GILTF] is providing broadband satellite communications equipment and services to support an important new joint venture in Mexico between GlobalSat and Intelsat Global Service. GlobalSat is teaming...