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Latest SatelliteFinance Articles

  • 22 Sep 14

    Telecoms and DTH giant Bell Canada Enterprises (BCE) has successfully completed the first phase of its offer to purchase all the issued and outstanding common shares of fibre operator Bell Aliant.

    According to the depository agent for the offer, CST Trust Company, a total of 103.49 million Bell Aliant common shares, representing 81.2% of the company’s publicly held stock, were validly tendered on 19 September.

  • 22 Sep 14

    Satellite manufacturer Thales Alenia Space has appointed Ben Olivier as the new president and CEO of its UK subsidiary.

    Olivier replaces Martin Gee as the head of Thales Alenia Space UK after the latter announced he was retiring.

  • 19 Sep 14

    Private equity firm Veritas Capital is to acquire Emcore Corp’s satellite solar panel assets for US$150m in cash.

    Under the asset purchase agreement, the sponsor’s investment vehicle Photon Acquisition Corporation will acquire all of the assets and assume substantially all of the liabilities of Emcore’s photovoltaics business.

  • 19 Sep 14

    Microsoft has thrown its weight behind US telco AT&T’s US$48.5bn bid to buy satellite broadcaster DirecTV.

    The technology giant called on the Federal Communications Commission, the country’s telecoms regulator, to approve the deal because it would further the “deployment of critical broadband infrastructure”.

  • 19 Sep 14

    The United States Congress has approved a temporary nine-month extension to the US Export-Import Bank’s operating authority.

    The export credit agency’s current charter was due to expire at the end of September but will now run until 30 June 2015.