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LAUNCHPAD: Sea Launch secures court confirmation of bankruptcy reorganisation plan
The US Bankruptcy Court in Delaware has approved Sea Launch's plan of reorganisation enabling the launch provider to emerge from Chapter 11 bankruptcy protection after thirteen months, under a new owner, the Russian manufacturer RSC Energia....
OPERATORS: Measat to go private
Following a swirl of speculation in South East Asia, reclusive billionaire, Ananda Krishnan has confirmed to the Bursa Malaysia that he intended to acquire Malaysian satellite operator Measat and then take it private....
INSURANCE: Ironshore and Starr partnership to offer satellite insurance
Bermuda-based US insurer Ironshore is to enter the space insurance market following a tie up with the Starr Aviation Agency, a subsidiary of New York based insurer C.V. Starr & Co. Ironshore stated that its Aviation division has entered a treaty rein...
GROUNDSEGMENT: Pace looks to expand into US telco market through US$475m 2Wire acquisition
Pace, the UK-based set-top box manufacturer, is seeking to acquire privately-held US broadband services provider 2Wire for US$475m (£308m) in cash....
OPERATORS: ABS and KT Corp complete third transaction in a year
Asia Broadcast Satellite (ABS) has signed a multi-million dollar transponder leasing agreement with South Korean telecoms company KT Corporation. The contract is for multiple C and Ku-band transponders on ABS' satellites, including the new ABS-2 sate...
SERVICES: SatCom Global looks to organic growth with first in-house offering
UK-based satellite communications service provider SatCom Global is in the process of launching its first commercial in-house offering, Horizon. The company, whose core business has been reselling MSS products for the Thuraya, Iridium, Inmarsat and V...
OPERATORS: Iridium close to completing Coface-backed debt deal
SatelliteFinance understands that syndication on MSS operator Iridium's Coface-backed US$1.8bn credit facility is close to completion. The debt is integral to financing the construction of Iridium's second generation satellite constellation NEXT, the...
REMOTESENSING: Astrium Services forms Greek remote sensing subsidiary
EADS Astrium Services has formed a Greek remote sensing subsidiary called Spot Infoterra Hellas. The company will be 81% owned by Astrium via its earth observation division Spot Infoterra and 19% by the founders of Greek geo-information specialist Ge...
SERVICES: BSkyB to sell Easynet to LDC
UK satellite broadcaster BSkyB has agreed to sell its B2B telecoms business Easynet Global Services to UK private equity group LDC for £100m....
OPERATORS: Avanti in £70m share issue as it plans for third satellite
UK-based satellite operator Avanti Communications has raised approximately £70m following the conditional placing of 16,279,070 new ordinary shares at 430 pence per share....
LAUNCHPAD: Sea Launch resolves AsiaSat claim with launch deal
Launch provider Sea Launch has entered into an agreement with AsiaSat for the launch of a satellite, most likely AsiaSat 7, between 2012 and 2014. The contract marks the resolution of AsiaSat's claims as an unsecured creditor of Sea Launch and repres...
SPACESEGMENT: Loral selected for Eutelsat and ictQatar satellite
Space Systems/Loral has won the contract to build a mixed Ku- and Ka-band satellite for the joint venture between satellite operator Eutelsat and ictQatar, the telecom and technology agency of the government of Qatar....
OPERATORS: NBN Co chief outlines A$1bn satellite broadband plan
The chief executive of Australian government-owned NBN Company has stated that the company will spend up to A$1bn (US$872m) on two new Ka-band satellites to provide broadband internet services to rural areas of Australia....
OPERATORS: Globalstar moves headquarters to Louisiana
As it prepares for the launch of the first batch of its second generation satellite constellation, MSS operator Globalstar has announced that it is to relocate its corporate headquarters to Covington, Louisiana....
SERVICES: Five in the mix for Schlumberger's GCS
Schlumberger's sale of its Global Connectivity Services (GCS) business is gathering pace with five interested parties understood to have expressed an interest....
SERVICES: Lagardère to list Canal+ stake
Lagardère has launched the process for an initial public offering of its 20% stake in French DTH provider Canal+. The holding could raise as much as E1.5bn for the Paris-based media group....
SPACESEGMENT: Boeing bids for defence electronics intelligence firm
Boeing has launched a cash tender offer for Argon ST, a US-based specialist in command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance (C5ISR)....
SPACESEGMENT: Antrix blow as INSAT-4B suffers power anomaly
Indian Space and Research Organisation (ISRO) has revealed that its INSAT-4B communication satellite has suffered a power supply anomaly in one of its two solar panels....
LAUNCHPAD: ESA picks Astrium for next generation rocket study
EADS Astrium has been contracted by the European Space Agency (ESA) to undertake initial development studies for a Next Generation Launcher (NGL) that would replace the Ariane 5 rocket....
SPACESEGMENT: Eutelsat selects Astrium for W5A, names Wallace as new CCO
Satellite operator Eutelsat has contracted EADS Astrium to build its W5A satellite. The spacecraft, which will be based on the Eurostar E3000 platform and carry 48 Ku-band transponders, is scheduled to be launched in the fourth quarter 2012 and will ...