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The Indian Space Research Organisation (ISRO) is working on a draft for an ‘Open Sky Policy’ that would enable domestic private companies to directly lease transponders from foreign satellite operators.
According to SatelliteFinance sources, ISRO will spend the next year putting together a draft proposal which would then be presented to the country’s Union Council of Ministers for consideration. The parliamentary approval process is then likely to take between six months and a year.
MENA-focused pay-TV provider OSN is reportedly wrapping up a US$400m financing, split between a US$250m five-year loan and a US$150m revolving credit facility.
According to a Reuters report, the debt would be used for general corporate purposes, including repaying its existing credit facility.
Aerospace technology firm Teledyne Technologies is to raise US$125m through a private placement of senior unsecured notes.
The financing is split between US$100m of 3.28% series B notes due November 2022 and US$25m of 2.81% series A notes due November 2020. The debt will be issued on 5 November 2015.
Suphajee Suthumpun has resigned as chief executive officer of Thaicom. She is to be replaced by Paiboon Panuwattanawong who has previously held the role of chief technical officer at the Thai satellite operator
Suthumpun will step down from her role on 1 October after which she will remain with the company as adviser to the chief executive until the end of the year. No reason has been given for her resignation.
Satellite/terrestrial LTE venture LightSquared has submitted plans to the FCC to test whether its L-band spectrum would interfere with GPS signals if it were switched on to provide mobile services.
Concerns that its spectrum could impede with GPS systems led to LightSquared applying for voluntary bankruptcy protection in May 2012, and the company only exited Chapter 11 earlier this year.
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