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Loral Completes Merger of Skynet, CyberStar
Loral Space & Communications [NYSE: LOR] said that it has completed integrating its Loral Skynet and Loral CyberStar units into a new Loral Skynet that willoffer a combination of fixed satellite and network services from a single source.
Loral Skynet’s new executive vice president of sales, marketing, and client services, Robert A. Hedinger, will head the core fixed satellite services business. Hedinger previously served as Skynet’s executive vice president of business development.
“The new Skynet is responsive and market driven, taking advantage of our established solutions for both our satellite services and our network solutions through a streamlined organization,” said Hedinger. “We are excited about Skynet’s combined business and expect to capitalize on new opportunities as we launch three new satellites into key global markets and continue to develop our network services platform.”
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