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The US Court of Federal Claims has denied Sierra Nevada’s request to halt work by Boeing and SpaceX on NASA’s Commercial Crew Transportation Capability (CCtCap) programme.
Having lost out in the contract award process for CCtCap, which is worth a total US$6.8bn, Sierra Nevada filed a legal challenge with the US Government Accountability Office in late September citing inconsistencies in the source selection process.
Southeast Europe’s largest pay-TV provider SBB/Telemach has agreed to buy Slovenia’s third-biggest mobile operator Tusmobil for an undisclosed sum.
Telemach entered into an agreement to acquire the mobile operator from retail and telecoms group Tus Holding, owned by local businessman Mirko Tus, on 17 October.
French DTH firm Canal+ and Polish media holding ITI Group are reviewing their 51% stake in Poland’s TVN pay-TV broadcaster, after being approached by “strategic and financial investors”.
SatelliteFinance understands they have hired BofA Merrill Lynch and JP Morgan to carry out the strategic review.
US-based wide area network (WAN) optimisation specialist Riverbed Technology is reviewing strategic and financial alternatives as it struggles with declining sales in its core business.
As part of its preliminary third quarter fiscal 2014 results announcement, Riverbed revealed that has both initiated a restructuring plan to cut costs and mandated an unnamed adviser, believed to be Goldman Sachs, to assess its strategic options to enhance shareholder value.
IP-based communications solutions provider Level 3 Communications has increased the size of its existing senior secured credit facility through the creation of a new US$2bn term loan.
Via its subsidiary Level 3 Financing, the company will amend and restate its existing senior secured credit facility to include a new tranche B 2022 term loan, due 2022, which carries an interest of 350 bps over Libor and priced at 99.25.
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