Focus: Telecom

[Satellite News 10-22-08] Space Systems/Loral (SS/L) has entered into a three-year, fully secured $100 million revolving credit agreement led by J.P. Morgan Securities Inc. and syndicated among six of the world’s largest banks, SS/L announced Oct. 22.     "We are pleased to close this financing despite the current market challenges," said Michael Targoff, CEO of...

[Satellite News 10-22-08] ICO Global Communications has been awarded at least $371 million plus interest in its breach of contract lawsuit filed against Boeing Co. and Boeing Satellite Systems International.     After weeks of deliberation, a Los Angeles Superior Court jury found that Boeing acted against ICO with malice, oppression or fraud, awarding ICO $279...

[Satellite News 10-22-08] Arianespace won a contract to launch the Rascom-QAF 1R satellite in 2010 aboard an Ariane 5 or Soyuz rocket from French Guiana, Arianespace announced Oct. 22.     The satellite, being manufactured by Thales Alenia Space, will be equipped with 12 Ku-band transponders and eight C-band transponders. The satellite will provide telecoms services...

[Satellite News 10-22-08] Spacenet Inc. has increased the speed of its commercial grade Connexstar performance series service to include a 5 megabit per second option, the company announced Oct. 22.     The service speed increase aims to meet growing demand for business continuity communications and for hot stand-by and rapid fail-over requirements for healthcare organizations,...

[Satellite News 10-22-08] A jury awarded ICO Global Communications at least $371 million plus interest in its breach of contract lawsuit filed against Boeing Co. and Boeing Satellite Systems International over a plan to launch a fleet of mobile telephone and Internet service satellites     The Los Angeles Superior Court jury found that Boeing acted...

[Satellite News 10-22-08] VT iDirect  CTO Dave Bettinger has been elected to the board of the Global VSAT Forum, a London-based non-profit international association of the VSAT industry.     The forum, which promotes the commercial, economic, political and technological advantages of VSAT-based communications, represents more than 200 organizations in the satellite communications industry.

[Satellite News 10-22-08] Satamatics has relocated its U.S. operation to larger premises in Marion, Ill., the company said Oct. 21.      The office will become the central point for all of Satamatics’ U.S. and South American business. Satamatics, a global provider of satellite telematics, asset tracking and monitoring services, also moved to bigger premises in...

[Satellite Today 10-21-08] Nynex Network Solutions, a satellite network operator headquartered in Germany, has launched a DVB-S2 network with adaptive coding and modulation based on iDirect’s Evolution product line.     According to iDirect, the network will enable Nynex to deliver bandwidth efficiency to current and prospective customers throughout the Middle East, supporting enterprise-class applications such...

[Satellite Today 10-21-08] The launch of the Astra 1M satellite on a Proton rocket was postponed after an anomaly was discovered with ground equipment at the launch site in Bakinour, International Launch Services (ILS) announced Oct. 21.     The problem with the equipment, which supports testing for the Breeze M upper stage, was identified and...

[Satellite Today 10-21-08] KVH Industries reported third quarter revenue of $15.7 million, a 10 percent decrease from the same quarter in 2007. Net loss for the period was $800,000, the company announced Oct. 21.     KVH’s mobile communications revenue was $12.3 million, down 6 percent on a year-over-year basis.     "A combination of challenging economic...