Author: Staff Writer

New Valley Corp. [Nasdaq: NVAL], a company that offered to provide bankrupt Globalstar with $55 million in debtor-in-possession (DIP) financing to gain majority control, failed in its bid to proceed...

Don’t miss the world’s largest satellite industry conference and exhibition! SATELLITE 2003 February 26 – 28, 2003 Washington Convention Center Washington, DC http://www.satellite2003.com SATELLITE 2003 is the industry event where...

AOL Time Warner this week sold its 8.4 percent stake in Hughes Electronics for around $800 million. AOL sold the stake in Hughes–parent of DirecTV, Hughes Network Systems, and PanAmSat...

New Skies Satellites [NYSE: NSK] has signed a multi-year, multi-transponder deal with Indian telecom company Reliance Infocomm, enabling Reliance to offer international long-distance telephone services to the United States. The...

The government of Norway has agreed to purchase $15 million Canadian (US$9.8 million) worth of RADARSAT-2 data. Under the agreement, the first of its kind in Europe, Norway has committed...

Canada’s Norsat International Inc. [NSAT; NII], a designer and marketer of satellite products for high-speed data transmission, sold a specialized terminal to an unidentified New York-based broadcaster, company officials said....

Washington D.C.-based XM Satellite Radio Inc. [Nasdaq: XMSR] took a big step toward gaining the financial breathing room it needed this week by closing on its previously announced $475 million...

An oversight board convened by International Launch Services (ILS) to investigate the Nov. 26 launch failure of a Proton/Block DM rocket from Baikonur Cosmodrome in Kazakhstan has completed its initial...

By Piero Muscara Rupert Murdoch is a man of his word. Years ago he claimed that he “would never buy a newspaper” that he couldn’t “understand what’s written in it.”...

Don’t miss the world’s largest satellite industry conference and exhibition! SATELLITE 2003 February 26 – 28, 2003 Washington Convention Center Washington, DC http://www.satellite2003.com SATELLITE 2003 is the industry event where...