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EchoStar Impresses Analysts With Performance
EchoStar Communications [DISH] won praise from Wall Street satellite analysts and may well have caught the attention of cable TV operators by netting approximately 400,000 new subscribers during the fourth […]
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The Satellite News Financial Ticker
Week of Feb. 28 – March 6, 2003 Percentage Change Symbol March 6 Price One Week One Month Three Month Year to Date Operators APT SATELLITE HLDGS ATS 1.60 2.6 […]
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Tandberg Launches nCompass Integrated Control and Monitoring
Tandberg Television, a supplier of open-standard products for digital broadcasting, plans to launch its integrated control and monitoring system, nCompass, at the upcoming National Association of Broadcasters 2003 conference. The […]
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Star One Cautious Over LatAm Prospects
This year is likely to be a tough year for satellite operators in Latin America, according to Lincoln Oliveira, chief technology officer of Latin American satellite operator Star One. He […]
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Globalstar Receives Final Approval of Debtor-in-Possession Financing
Satellite phone provider Globalstar LP has been granted final court approval for its $10 million debtor-in-possession (DIP) financing. The court had earlier granted approval on an interim basis, making an […]
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Boeing’s Settlement With State Department Will Not Spur Export Flow
The settlement announced this week between Boeing Satellite Systems, Hughes Electronics [GMH] and the U.S. State Department resolving technology transfer violations stemming from Chinese launch failure reviews in 1995 and […]
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Integration Of Two Loral Units Eliminates Two COOs
The chief operating officers of both Loral Skynet and Loral Cyberstar are leaving their jobs as part of the integration of the two units of Loral Space and Communications [NYSE: […]
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ICESAT Spacecraft Passes Final Test
The Goddard Space Flight Center‘s Ice, Cloud and Land Elevation Satellite (ICESat) has completed testing of its laser altimeter, its final test before full operation. The focus of the operations […]
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Boeing Delta IV Launch Set for First Air Force EELV Mission
A Boeing [NYSE: BA] Delta IV rocket is scheduled to launch the first satellite for the U.S. Air Force Evolved Expendable Launch Vehicle program on Saturday from Cape Canaveral Air […]
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Israel Court Approves Gilat’s Debt Restructuring Plan
Gilat Satellite Networks [Nasdaq:GILTF] has received approval from the Israel District Court in Tel Aviv for its debt-restructuring plan. The court’s approval of the plan, allowing the company to restructure […]
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Hughes Moves Closer To Sale After AOL Break-up
The break-up of an alliance between Hughes Electronics [NYSE: GMH] and America Online appears to be a move to prepare for the eventual sale of Hughes, a non-core business unit […]
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Boeing, Hughes Agree To Pay $32 Million Penalty For Alleged Export Missteps
Hughes Electronics [NYSE: GMH] and Boeing Satellite Systems, formerly Hughes Space and Communication Co., reached a $32 million settlement with the U.S. Department of State involving claims of technology transfer […]
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Motorola Settles Chase Manhattan Claims Stemming From Iridium’s Collapse
Motorola [NYSE: MOT] reached an out-of-court settlement that covers all five remaining lawsuits filed against the company by Chase Manhattan Bank due to the financial failure of Iridium LLC, a […]
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Sirius Debt Holders Approve Refinancing
The path is clear for Sirius Satellite Radio [Nasdaq: SIRI] to operate without the financial questions that have followed it in recent months after its debt holders approved a recapitalization. […]
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FiberSat Gains Pact With Hotelevision
FiberSat Global Services, previously known as McKibben Communications, won a contract from Hotelevision to handle satellite installation services, technical support and installation base management, company officials said. FiberSat Global Services’ […]
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ITT To Build Teleports for Naval Satellite Communications System
ITT Industries [NYSE:ITT] has been awarded a contract by the Department of the Navy‘s Space, and Naval Warfare Systems Command to provide hardware and software for the management and control […]
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FAA Selects Lockheed Martin-Led Team To Provide WAAS Satellite Services
The Federal Aviation Administration has awarded a contract to Lockheed Martin Air Traffic Management for wide-area augmentation system (WAAS) satellite leased communication services. As the FAA moves toward implementation of […]
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Hughes Terminates Strategic Alliance With AOL
The strategic alliance forged between Hughes Electronics [NYSE: GMH] and America Online in 1999 has been terminated, Hughes reported in a document filed with the Securities and Exchange Commission. The […]
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U.S. Aerospace Industry Employment Hits 50-Year Low
U.S. aerospace employment has reached its lowest level since 1953, dropping to 689,000 jobs at the end of 2002. Based on the latest data from the Department of Labor‘s Bureau […]
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Telenor Extends Offer High-speed Wireless Packet Data Service
Telenor Satellite Services is extending its offer for customers to try out its wireless packet data satellite service–Regional Broadband Global Area Network (Regional BGAN). Telenor is offering 50 free megabytes […]
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Army Engineers Monitor Water Levels Using Satellites
U.S. Army Corps of Engineers hydraulic engineers are monitoring water levels in the New England region’s major rivers and the depth of snow cover throughout the region to regulate Corps […]
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NetCentrex Expands into Latin America with LatAmNap
NetCentrex, which provides next-generation networking products and applications for voice-over-IP (VoIP), PSTN and mobile networks, announced today that LatAmNap will use its CCS Softswitch and Media Server architectures to deploy […]
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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 […]
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M2sat, Thuraya Launch a New Mobile Broadband Service
M2sat and Thuraya Satellite Telecommunication are teaming up to offer satellite broadband services of 192 Kbps to the international broadcasting industry and other high-capacity users. Thuraya’s (Abu Dhabi, UAE) satellite […]
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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 […]
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DWJ Television, Fisher Pathways Sign Content Agreement
Fisher Pathways, a provider of video and data connectivity and distribution, and DWJ Television, which produces broadcast communications services, have signed an agreement under which Pathways will provide studio services, […]
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SAT-TEL, IROC Complete Merger
SAT-TEL [Toronto: SAJ] and IROC Systems [Toronto: IRC] have received shareholder approval to merge the two companies based in Red Deer, Alberta. Financial terms were not disclosed. SAT-TEL specializes in […]
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HDNet Selects PanAmSat for Satellite Delivery of HDTV Programming
High-definition broadcaster HDNet has selected PanAmSat [Nasdaq: SPOT] to provide satellite delivery of its high-definition television (HDTV) content to its cable and direct broadcast satellite (DBS) providers throughout North America. […]
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EMS Technologies Announces Business Deals
EMS Technologies [Nasdaq: ELMG] announced a series of deals in conjunction with the SATELLITE 2003 conference this past week in Washington, D.C. Among the announcements, EMS hardware will be part […]
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U.S. Patent Office Awards “We Are GPS” Service Mark
Global Positioning System servicesprovider FleetBoss Global Positioning Solutions has been granted use and ownership of the slogan, “We Are GPS,” by the U.S. Patent Office. GPS technology is used in […]