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XM Declares Quarterly Dividend On Series B Preferred Stock
XM Satellite Radio declared a regular quarterly dividend on its 8.25-percent Series B Convertible Redeemable Preferred Stock, payable in shares of the company’s Class A Common Stock at a rate […]
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ATK Acquires PSI Group
ATK [ATK] executives said the company reached an agreement in principle to acquire PSI Group, a manufacturer of satellite components and propellant tanks. According to ATK, PSI provides mission-critical components […]
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Globecomm Wins $1.5 Million Contract
Globecomm Systems Inc. [GCOM] was awarded a contract from an existing, unnamed customer valued at approximately $1.5 million. The contract is a follow-on to an existing $8.3 million contract from […]
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Polsat CEO Targets 500,000 Subscribers
Cyfrowy Polsat President and CEO Dominik Libicki is confident his DTH provider can continue its growth curve in Poland. Polsat is one of the leading pay-TV providers in Poland. In […]
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Stratos 2Q Net Income, Revenues Decrease
Stratos Global Corp. today reported net income for the second quarter ended June 30 decreased to $5.4 million, compared with $8.2 million earned during the same quarter one year ago. […]
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Anik F2 Carries Broadband Hope
The world’s largest commercial communications satellite ever built is scheduled to launch today to usher in a new era in satellite broadband services that promises to bridge the digital divide […]
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Cable TV Rivals Gain Strength
Former baseball great Satchel Paige once was quoted, “Don’t look behind, someone may be gaining on you.” That may well be the situation satellite-TV service providers are facing in the […]
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Intelsat RIF Signals A Renewed Readiness To Sell
By Paul Dykewicz Intelsat Ltd.’s latest reduction in force (RIF) by close to 50 people along with its restructuring of certain teams earlier this month are not surprising moves in […]
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Spotlight: Versatility Aids Sale Of Anti-Theft Device
Satellite-based, asset-tracking hardware from Alberta, Canada-based CSI Wireless Inc. is helping to catch crooks and assist motorists in other ways. Law-enforcement officials and private citizens alike are displaying increased demand […]
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Seeking African Hearts, Minds And Access
As part of a development program funded by Canada’s International Development Research Centre (IDRC), the Global VSAT Forum (GVF) conducted an in-depth survey of satellite communications in Africa. Examined were […]
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Cyfrowy Polsat Closing The Gap On Cyfra +
The Polish pay-TV market has seen the emergence of a dynamic new player in recent years, with Cyfrowy Polsat emerging as a major threat to Cyfra +. While cable still […]
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SES Astra CEO Hails DPC Deal
SES Astra CEO Ferdinand Kayser believes the company’s acquisition of German pay-TV operator Premiere’s Digital Playout Center (DPC) could offer a blueprint beyond Germany, particularly in Eastern Europe. DPC operates […]
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The Satellite News Financial Ticker
Week of July 1-8, 2004 Percentage Change Symbol July 8 Price One Week One Month Three Month Year to Date Operators APT SATELLITE HLDGS ATS 1.71 (12.3) – (14.9) (28.2) […]
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Mississippi Gov’t Taps DigitalGlobe For Satellite Images
DigitalGlobe said the Mississippi Department of Maritime Resources will use satellite imagery provided by DigitalGlobe’s QuickBird satellite in a suite of geographic information systems to help manage and protect a […]
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Spacehab Subsidiary Wins $1.3 Million NASA Contract
Officials from Spacehab Inc. [SPAB] said the company’s Astrotech Space Operations subsidiary was awarded a $1.3 million contract from the National Aeronautics and Space Administration (NASA)/Kennedy Space Center to provide […]
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Globalstar Targets U.S. Users With New Pricing
Globalstar LLC officials said the company will be introducing a new satellite airtime rate plan designed specifically for its U.S. customers. The plan, Timeline 40, costs $39.95 per month and […]
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More Dish Subscribers Get Local Channels
EchoStar Communications Corp. [DISH] subscribers to the Dish Network direct-to-home satellite television service in the Florence-Myrtle Beach. S.C.- area soon will be able to receive broadcasts from the local affiliates […]
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EuroNews Strengthens Spanish Position
EuroNews, a pan-European news channel, signed a distribution agreement with Spanish satellite operator Hispasat. Hispasat 1C will distribute its signal in Spain and all over Europe for a period of […]
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VOOM Wins CNET Editors’ Choice Award
VOOM, a comprehensive high-definition (HD) satellite service operated by Jericho, N.Y.-based Rainbow DBS, announced today that it received a CNET Editors’ Choice award that recognizes “outstanding” personal technology and consumer […]
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Telewest Aims To Put Pressure On BSkyB
UK cable operator Telewest is looking to put the pressure on satellite pay-TV operator BSkyB by revamping its digital TV packages in the UK market. The cable company is launching […]
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SBCA Joins Digital Transition Coalition
The Satellite Broadcasting and Communications Association (SBCA) joined the Digital Transition Coalition, a group originally formed to help accelerate the transition to digital television in the United States. The SBCA […]
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Eutelsat Partners With Europe Online
Eutelsat, one of the world’s largest satellite operators, will partner with Europe Online, a satellite broadband network services provider, to combine their satellite broadband Internet networks, operations, services and customers. […]
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Anik F2 Is Readied To Take Flight
All preparations have been completed for the July 12 launch of Anik F2, a Boeing-built [BA] high-power satellite that will deliver North America’s first commercial satellite-based consumer broadband communications service. […]
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Intelsat Cuts Staff, Advances Toward Possible Sale
Intelsat Ltd. reduced its workforce by between 40 and 50 jobs last week as part of an ongoing restructuring to realign its costs with revenues while advancing its search for […]
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Tachyon Appoints New VP/Distribution Channels
Tachyon Network, a Vienna, Va.-based provider of high-speed, broadband satellite communications for commercial enterprises, appointed Yaniv Oz to the newly created position of vice president of distribution channels. Oz joins […]
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BSkyB Confirms New CFO Start
U.K.-based pay-TV operator BSkyB has announced that Jeremy Darroch will assume the duties of CFO on Aug. 16. Darroch currently is group finance director of Dixons Group plc. BSkyB’s CFO […]
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StarBand Partners With C-COM
McLean, Va.-based StarBand, a high-speed, two-way satellite Internet provider, is teaming with C-COM Satellite Systems to launch a self-pointing, mobile, high- speed Internet service. The partnership provides a new level […]
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EchoStar Signs 1,000<SUP
EchoStar Communications Corporation [DISH], a Littleton, Colo.-based satellite TV services provider, signed ABC Channel 33, WYTV, in Youngstown, Ohio, as its 1,000th local channel in the United States. This addition […]
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Globecomm Negotiates $4 Million Payment From Troubled Customer
Globecomm Systems Inc. [GCOM], a global provider of end-to-end, satellite-based communications solutions, reached a $4 million settlement with an unnamed “major customer,” and it has received initial payments of $3.5 […]
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SES Global CFO Retires, Successor Named
Jurgen Schulte, CFO for SES GLOBAL S.A. [SESG], is retiring, succeeded by Mark Rigolle, who joins that company from Belgacom. Schulte joined SES in 1991 as finance director after a […]