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Eutelsat has priced €930m (US$1.276bn) of senior unsecured notes due January 2020.
The notes carry a coupon of 2.625% and priced at 99.289 to yield 2.753%. The debt was rated Baa3 by Moody's and BBB by Standard & Poor’s.
Aerospace giant EADS plans to cut 5,800 jobs from its future Airbus Defence and Space division as well as its corporate team as it seeks to consolidate its business in the wake of shrinking government budgets.
The headcount reduction at Airbus DS, which will combine satellite maker Astrium with transport aircraft specialist Airbus Military and defence firm Cassidian, will take place over the next three years.
The Federal Communications Commission has granted start-up space and analytics company Planet Labs authority to launch and operate its planned fleet of 28 Earth imaging microsatellites.
In a public notice issued on 6 December, the regulator stated that Planet Labs has permission to operate ‘28 non-geostationary-orbit remote-sensing satellites that transmit image and telemetry data to fixed earth stations in the 8025-8400MHz frequency band and receive command signals in the 2025-2110MHz band’.
The space assets sale of Italian defence and rocket equipment specialist Avio will likely be pushed into early next year, SatelliteFinance has learnt.
The assets, left over from when General Electric bought Avio’s aviation unit in December 2012, have attracted suitors including French satellite makers Astrium and Thales as well as Paris-based aerospace giant Safran.
Japanese electronics giant Sony Corporation has sold its entire 8.2% in Japanese satellite operator and DTH provider Sky Perfect JSAT for approximately Y15.24bn (US$149m).
The sale was part of a wider stock repurchase undertaken by JSAT on 4 December. In total, the company acquired 28.34 million shares of its common stock at Y538 per share. 28.31 million of those shares were held by Sony.
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