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US satellite broadcaster Dish Network has vowed to focus its “efforts and resources” on its tender offer for Clearwire after missing a bidding deadline for larger telco Sprint.
The company had until 18 June to improve its US$25.5bn offer for Sprint, after the country’s third largest mobile operator called off the due diligence process and backed a rival bid from Japan’s Softbank.
Global satellite operator SES has announced that its president and chief executive Romain Bausch is to step down from his position at the next annual general shareholder meeting in April 2014.
The company’s board of directors has spent the past couple of months indentifying a successor and on 13 June voted to appoint Karim Michel Sabbagh as Bausch’s replacement. Sabbagh will join SES on 1 September as CEO Designate and, following a transition period, will officially take up the position of president and CEO on 3 April 2014.
United Launch Alliance’s exclusivity deal with rocket engine maker RD Amross is being probed by the US Federal Trade Commission (FTC).
The investigation is looking into whether the agreement violates antitrust laws by restraining competition in the provision of state launch services, according to reports citing a 22 April memo.
The Nigerian president Goodluck Jonathan has spoken of his desire for the country to not only construct its own satellites but develop a launch capability.
Speaking at the inauguration of the country’s National Space Council, President Jonathan said: “We must evolve clear cut initiatives that will not only fast-track our industrialisation process, but one that will also see us, within the shortest possible period, able to launch our own satellite manufactured in Nigeria, from a launch site in Nigeria, on a launch vehicle made in Nigeria.”
The special committee of wireless broadband operator Clearwire has called on its shareholders to accept Dish Network’s tender offer and to reject a rival bid from Sprint.
Clearwire investors were set to vote today on a US$3.40 per share offer from Sprint, the number three US telco, but that ballot has been pushed back to 24 June. Meanwhile satellite broadcaster Dish has extended the expiration date of its US$4.40 per share tender offer to 2 July from 28 June.
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