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Onde Numérique seeks funds to launch pay radio service
Onde Numérique, a French pay radio service start-up, has confirmed it is currently looking to raise financing in order to launch its services throughout France by next year.
EchoStar Satellite Services, a division of EchoStar Corporation, has announced the appointment of Ken Carroll as its new chief operating officer.
Thuraya launches commercial onboard aviation communication system
UAE-based satellite phone company Thuraya Telecommunications announced this month that it had launched a new aeronautical communications system under the brand name AviationComms.
DigitalGlobe welcomes two new vice presidents
DigitalGlobe, the satellite imagery provider, has appointed Jeffrey Goebe and Jack Hild as vice president of geospatial value added products and vice president of US defence strategy, respectively.
ABS looks for private equity buyers
SatelliteFinance has learnt that Asia Broadcast Satellite (ABS) is up for sale and that a number of private equity firms, which have experience in the satellite services sector, have carried out due diligence on the Asian satellite operator.
SatMAX targets investments as it moves into aviation
Wireless satellite coverage provider SatMAX is planning to make strategic investments as it seeks to branch out from its core hand-held satellite voice and data market.
Gilat finally settles failed LBO dispute
Gilat Satellite Networks has finally settled its spat with the
Satcoms service provider, Norsat International, has instigated a share buy-back process, according to a regulatory filing on the TSX. The Vancouver-based communication company obtained regulatory approval to purchase up to 10% of its public issue on the Toronto Stock Exchange.
Hughes forms Chinese JV to tap state's rural broadband push
Hughes Network Systems has continued its push into Asia with the formation of a Chinese subsidiary. HughesNet China Co.
Indosat issues US$650m bond offering
Indosat, the Indonesian telecom and satellite operator, has completed a US$650m 10-year senior unsecured bond offering.
SatelliteFinance understands that Loral Space & Communications is running a parallel process for its satellite manufacturer Space Systems Loral and is considering a full sale of it subsidiary.
Telkom and Indosat team up for satellite service
Indonesian telcos PT Telekomunikasi Indonesia (Telkom) and PT Indosat are to jointly order a new satellite that is to be located at 150.5E, according to local media.
Changing strategic issues in the satellite communication sector
While the solid growth in the satellite sector could lead one to believe the market is consistent and steady, there are actually profound changes afoot driven by technological, commercial, financial and regulatory factors.
NBN Co put on hold until new government formed
The National Broadband Network Company (NBN Co), the Australian government-owned entity building a national fibre optic broadband network, has frozen its tender and hiring processes until a new government is formed.
Senator proposes tax breaks to boost commercial space
In a move aimed at encouraging commercial space ventures, US Senator Bill Nelson announced on August 18 legislation that would provide tax breaks to investors in private spacerelated businesses.
Italian aerospace company Finmeccanica is close to completing a ?2.4bn self-arranged refinancing. The debt comprises a 5-year revolving credit facility that pays around 75bp over Euribor with a step up depending on how much is drawn.
The Aging of the GEO Satellite Fleet In-orbit
TerreStar brings in Blackstone to find solution to funding crisis
Mobile satellite operator TerreStar has hired Blackstone to advise it on finding fresh financing as it struggles with a series of looming contractual, preferred stock and debt obligations.
LightSquared triggers L-band rebanding agreement with Inmarsat
Satellite/terrestrial wireless broadband venture LightSquared will pay Inmarsat US$337.5m over the next 18 months after triggering a cooperative agreement on August 18 to increase the contiguous L-band spectrum of both parties.
Satellite operators awarded US$100m in Recovery Act broadband investment
Satellite broadband operators have finally benefitted from the American Recovery and Reinvestment Act's Broadband Program, netting an aggregate US$100m in grants.