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NewSat has suspended trading of its shares on the Australian Securities Exchange as it reaches a critical point in its negotiations with the lenders of its Jabiru-1 project financing.
The company requested a voluntary suspension from trading on 26 March so that it could conclude the ongoing negotiations.
Sky has acquired a 60% stake in US production firm Jupiter Entertainment as the British DTH operator continues to look to acquisitions to expand its international content business.
Financial details were not disclosed.
British DTH giant Sky has launched a €600m (US$653m) bond to refinance the last piece of bridge debt backing last year’s takeover of its sister companies in Germany and Italy.
The senior unsecured floating rate notes due 2020 priced at 99.901%, with a coupon of 75bps over three month EURIBOR that translates to 77bps on a re-offer basis.
US-based broadcast solutions firm NEP has acquired Swedish outdoor video and display specialist Mediatec for an undisclosed sum to expand its reach across Europe.
Mediatech was formed from the merger of three broadcast groups in 2007. It has made at least nine acquisitions since then with the backing of its current majority owner, private equity firm Stena Adactum.
LightSquared has secured bankruptcy court approval for a restructuring plan that will see it exit Chapter 11 proceedings after three years of wrangling.
Judge Shelley Chapman gave the US satellite/terrestrial venture the go-ahead after it finally reached an agreement with Charlie Ergen, its biggest creditor with more than US$1bn in debt.
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