[Satellite Today – 1-8-08] Mobile Satellite Ventures (MSV) and SkyTerra Communications Inc. have closed their agreement to sell $150 million worth of notes and warrants to Harbinger Capital Partners Master Fund 1 Ltd. and Harbinger Capital Partners Special Situations Fund LP, MSV announced Jan. 7.
The sale of MSV’s senior unsecured notes due 2013 and warrants will be used to purchase 7.5 percent of SkyTerra’s Common Stock, MSV announced Dec. 17
MSV and SkyTerra will use the proceeds from the deal for working capital and general corporate purposes.
MSV, SkyTerra Financing Agreement Closed
Space42 and Skylo Test D2D Test on Thuraya-4
Space42 and Skylo conducted direct-to-device (D2D) testing on the Thuraya-4 satellite, successfully demonstrating both SMS and SOS messaging. The partners said in a July 9 announcement they expect to roll […]
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Government/MilitaryL3Harris and Sierra Space Receive $1.75B for SDA Tranche 3, Tracking Layer
