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OPERATORS: ICO to raise US$30m in rights issue
ICO Global is planning to raise US$30m through a rights issue of just under 42.9 million shares at a subscription price of US$0.70 per share. The offer price represents a discount of approximately 41.7% on ICO's average share price prior to the annou...
LAUNCHPAD: NASA cancels Constellation Moon Program
US President Barack Obama has cancelled the Constellation Moon program and confirmed that the US will now turn to the commercial sector for low earth orbit human spaceflight....
LAUNCHPAD: Commercial industry looks forward to NASA boom
NASA's open commitment to the development of the commercial spaceflight industry is the culmination of a shift in emphasis that has gathered pace over the past few years, most notably with the Commercial Orbital Transport Services contracts handed ou...
SERVICES: CMG weighs up potential sale
Catalyst Media Group, which owns a 20.54% stake in outside sports and betting broadcaster Satellite Information Services (SIS) and an on-line gambling platform, has announced that it has commenced a review of its strategic options, including a potent...
SERVICES: M6 sells Canal+ stake
RTL-owned French broadcaster M6 exercised a put option to sell its 5.1% stake in the Canal+ to majority shareholder Vivendi for E384m....
SERVICES: Murdoch planning to up Tata Sky stake
Rupert Murdoch's Star India has applied to the Foreign Investment Promotion Board (FIPB) for permission to raise its stake in DTH operator Tata Sky from 20% to 29.8%....
OPERATORS: Eutelsat restores services after satellite anomaly
Eutelsat's W2 satellite has been place in secure standby mode following a technical anomaly that occurred on the evening of January 27....
OPERATORS: Spacecom's African satellite goes live
The Israeli operator Spacecom has confirmed that its in-orbit purchased satellite Amos-5i has reached its new orbital slot at 17E and is now entered commercial service....
OPERATORS: FCC gives further authorisation to Ka-Band
The Federal Communications Commission (FCC) has moved to recognise the growing proliferation and popularity of Ka-band services in the United States by issuing a declaratory order to establish procedures for issuing licenses to US-based earth station...
SERVICES: Norsat backs away from WiMAX purchase
Satellite solutions provider Norsat International has pulled its acquisition of Irish WiMAX specialist Bluemoon 4G....
SERVICES: BSkyB wins EDS court case
The British satellite broadcaster BSkyB has won a court ruling against the IT supplier Electronic Data Systems (EDS), which it accused of lying in a sales pitch for a £50m customer service upgrade....
FRANCE: SES turns to COFACE for multi-sat package financing
SES has secured an E523m export credit funding facility from the French export agency COFACE for the financing of its recently announced package of four new satellites....
GLOBAL: GeoEye fault could impact 2010 revenue
GeoEye has suspended image collection on its GeoEye 1 satellite following the detection of a glitch in the equipment the satellite uses to point its antenna....
GLOBAL: Globalstar snaps up SPOT supplier Axonn
Globalstar has acquired satellite GPS asset-tracking and messaging specialist Axonn for up to US$18m....
GLOBAL: ICO regains Nasdaq compliance
ICO Global has announced that Nasdaq has notified the company that it has regained compliance with marketplace rules....
GLOBAL: Intelsat completes bond exchange
Intelsat has completed its exchange offer for just under US$5bn of notes held by its subsidiary Intelsat (Luxembourg), formerly known as Intelsat (Bermuda)....
GLOBAL: Telesat picks SS/L to build fully leased Nimiq 6
Telesat has selected Space Systems /Loral as the prime contractor to construct its new Nimiq6 satellite. The spacecraft, which will be located at 91W, will be based on SS/L's 1300 bus and contain 32 Ku-band transponders. Financial details were not di...
GLOBAL: Avanti secures funding for second satellite
The British satellite operator Avanti Communications has raised a total of £280m in equity and debt financing to fund the construction of its second Ka-band satellite, HYLAS 2....
GLOBAL: Astra to host second EGNOS payload on new satellite
SES Astra has announced that it will host a payload on one of its newly ordered satellites to serve the European Geo-stationery Navigation Overlay Service (EGNOS)....
UKRAINE: MDA finalises Ukrainian satellite contract
The Canadian manufacturer MacDonald, Dettwiler and Associates has confirmed that it has agreed to manufacture a communications satellite for the National Space Agency of the Ukraine (NSAU) at a cost of US$254m. The project is being financed by a loan...