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Apax Closes FTMSC Deal

Apax Partners has completed the acquisition of France Telecom Mobile Satellite Communications (FTMSC), a deal commenced in July. Apax also recently announced its acquisition of Telenor Satellite Services, bolstering its...

China Plans Satellite Navigation System

The People’s Republic of China has started to build its own satellite navigation system, Xinhua reported Nov. 2. The planned network, Compass — or Beidou, in Chinese — reportedly will...