E-letter: News Feed
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Orbital Woes Continue As Orbcomm Deals With Cash Shortage
Orbital Sciences Corp. [ORB] can’t seem to catch a break. For years, the company struggled to solve a variety of accounting issues. Now, with those issues in the past, problems […]
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Secured Financing, Successful Launch Mark Good Week For DARS
It was a good week for the two competing digial audio radio service (DARS) providers. Sirius Satellite Radio’s [SIRI] first satellite launch was successful and XM Satellite Radio Inc. [XMSR] […]
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ICO-Teledesic Secure $250 Million In Fincancing From A List Investors
Both ICO-Teledesic Global Ltd. and Globalstar L.P [GSTRF] both picked up $250 million of much needed funding. But the amount of money is about the only similarities between how the […]
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Dan Marcus, Ex PanAmSat V.P., Establishes Communications Firm
Daniel Marcus, formerly the vice president for corporate communications at PanAmSat Corp. [SPOT], has established his own marketing and communications firm, Marcus Associates LLC, in Westport, Conn. He said the […]
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Telia Mobile Prepares To Extend Globalstar Service To Sweden
Telia Mobile, the cellular carrier subsidiary of Sweden’s largest telecommunications company, has signed an agreement with Globalstar Northern Europe Ltd. that will extend Globalstar’s satellite-based telephone service throughout Sweden. Subscribers […]
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Globalstar Picks Up An Additional $250 Million
Shrewd Financing Move Provides Cash Until Next Spring It looks like Globalstar L.P. [GSTRF] will be in business until at least the first quarter of next year. In a move […]
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Comsat Gets $9 Million Contract For 90 Mbps Internet Service
Comsat Corp. [CQ] has won a three-year, $9 million contract to provide Internet access at 90 megabits per second – the equivalent of about 500 pages of text per second […]
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GlobeCast To Provide Internet Access To India From Europe*Star 1
GlobeCast, the worldwide broadcasting arm of France Telecom [FTE], plans to launch a broadband service providing Internet access to the Indian subcontinent from the Europe*Star 1 satellite later this year. […]
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EMS Technologies Gives Norsat Contract For 10,000 Ka-band Outdoor Units
EMS Technologies Inc. [ELMG] which recently won a contract for more than 15,000 broadband, Ka-band, two-way VSAT terminals for service with SES/Astra’s 1H satellite, has subcontracted with Norsat International Inc. […]
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Arianespace Names Leo Mondale To Succeed Doug Heydon At U.S. Unit
Leo Mondale, 41, has been named president of Arianespace Inc., the U.S. subsidiary of the European launch company, and hopes his hard-learned lessons at Iridium LLC will help him in […]
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Motient Corp. Gets New Investment For Its Satellite Business
Motient Corp. [MTNT], formerly American Mobile Satellite Corp., has formed a new subsidiary, Motient Satellite Ventures LLC, and announced a $50 million investment from an investment group consisting of Columbia […]
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WIZJA FACES MERGER FALLOUT
A Geneva court has ruled that @Entertainment, the former owner of the Wizja TV digital satellite platform should pay a $10 million indemnity to Cyfra+ the Canal+ Polish affiliate. Two […]
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NEW HISPASAT SATELLITE IN 2002
Hispasat’s Board of Directors has approved the construction of a new satellite, Hispasat 1D which will be built by Alcatel Space Industries, and launched by International Launch Services in the […]
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PREMIERE WORLD REDUCES SPORTS SUBSCRIPTION FEE
In a move that observers are describing as an “almost desperate final attempt to win subscribers”, German media company Kirch-Group has decided to reduce the subscription fee sports fans have […]
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TVB HITS BACK AT HK MONOPOLY CHARGE
Galaxy Satellite Broadcasting has responded to charges from Hong Kong’s Wharf Cable that the TVB-owned company has a monopoly on the pay-TV market. General manager Stanley Tang See-tin told the […]
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TELENOR FREQUENCY REVAMP
Telenor is to introduce its long awaited reshuffle of frequencies at its One degree West slot on September 5, 2000. The change will make way for new channels and services, […]
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KIRCH REACHES HIS GOAL
After 44 years in the media business, Leo Kirch has finally managed to make his long term dream come true: becoming the biggest player in Germany’s competitive free-to-air television market. […]
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TRANSPONDER MONITOR
Interspace’s in-depth study of European satellite activity, compiled by Mike Fallon Key: D – Digital A – Analogue 83 degreesE: Insat-2E D – Doordarshan’s DD1 General Hindi service is available […]
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KINGSTON TLI GOES TO BOLLYWOOD
UK teleport operator Kingston TLI has won the contract to beam the B4U movie channel to the Middle East. B4U stands for Bollywood For You; Bollywood is the popular name […]
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SAT 1, PRO SIEBEN, KABEL 1 SHUFFLE MANAGING DIRECTORS
German general interest channels Sat 1, Pro 7 and Kabel 1 will get new managing directors after the planned unification of Sat 1 and Pro Sieben Media. According to a […]
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GLOBALSTAR DEFAULTS
Financially troubled Globalstar took the unusual step of deliberately defaulting on a $250 million bank credit line to get an additional six months of cash for its faltering satellite phone […]
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NEWS BYTES…
German news channel n-tv majority owned by CNN/Time Warner, announced improved financial figures at a press conference in Berlin. According to managing director Kenneth Jautz, 2000 marks a business year […]
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VIASAT WILL LAUNCH BALTIC SERVICE
Scandinavian Pay-TV operator Viasat is taking additional capacity on NSAB’s Sirius at 5 degrees East to simultaneously launch a digital TV platform in the Baltic region alongside the already announced […]
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THE DRIP, DRIP SKY ANALOGUE SHUTDOWN
Despite official announcements that BSkyB will not shutdown its analogue service until 2001 it is now clear that Sky is well underway in a gradual switch-off. The latest announcement is […]
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SES WINS FIRST KA-BAND CONTRACT
SES-Astra has signed up Kokua Communications as its first European Ka-Band return path client. SES says there are other major announcements pending. The deal calls for Kokua to use capacity […]
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TROUBLE AHEAD FOR NTV+
NTV-Plus, Russia’s DTH satellite pay-TV system, has begun transmitting from Eutelsat’s W4 satellite at 36 degrees East. A total of 19 transponders on W4 are switched into a high-power fixed […]
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GATES CALLS ON ICO
Microsoft founder Bill Gates is one of a group of private investors involved in a $1 billion refinancing of London-based ICI, the bankrupt LEO outfit that was taken under the […]
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Orbimage To Supply Urban Area Images To Geography Network
The Orbital Imaging Corp. subsidiary of Orbital Sciences Corp. [ORB] will participate in the Geography Network, an Internet-based global marketplace for geographic data and services. Orbimage will supply its high-resolution, […]
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Qualification Tests Completed On Booster Motor For Delta 4 Launchers
Technicians at Alliant Techsystems Inc. [ATK] completed qualification testing of the solid rocket booster motor that will be used as rocket boosters with The Boeing Co.’s [BA] new Delta 4 […]
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OSC Unit MacDonald, Dettwiler Gets $50 Million For Space Station Arm
Orbital Sciences Corp.’s [ORB] majority-owned Canadian subsidiary, MacDonald, Dettwiler and Associates Ltd. (MDA), has won a $50 million contract for the next-generation robotic arm on the International Space Station. The […]