Focus: Telecom

[Satellite News 08-15-08] The CEOs of Inmarsat and Iridium have made it very clear that the two companies are direct and heated competitors. Andy Sukawaty, CEO of Inmarsat, has commented publicly on what he believes is the economic instability of low-Earth orbit (LEO) satellite constellations – comments which Matt Desch, CEO of Iridium, has taken...

[08-15-2008 Satellite News]  Brilliant Telecommunications Inc. (Brilliant) completed the second close of its Series B financing.      Series B is a timing system that helps service providers transition to IP backhaul, mobile WiMAX services and in-home basestations. The company said that they decided to close so that they can accelerate the launch of new products...

[Satellite Today 08-15-08] GeoEye Inc. restated its financial reports for 2005, 2006 and 2007.     According to GeoEye, auditors discovered that the company’s overstated imagery sales in 2007, incorrectly included cost-share payments received from the U.S. Government under the NextView program in its taxable income and reported timetable inaccuracies on its 2007 form 10-K.    ...

[Satellite Today 08-15-08] Second quarter results for 1worldspace saw revenues of approximately $3.3 million, a slight increase over revenues of approximately $3.0 million for the first quarter of 2008 and a net loss of $36.0 million. The company cut operating expenses by 26.5 percent from the same period last year.     1worldspace, which is the...

In these difficult economic times, U.S. federal and state governments are looking for alternatives to cut costs of living for citizens. While the concept of upgraded infrastructure has long meant building more bridges and roads, political parties are focusing on a new area — broadband and communications infrastructure.  Technology, it seems, is being explored as...

[Satellite News 08-14-08] By bringing the pulse assembly line to Boeing’s satellite manufacturing facilities, the company intends to reduce production cycle time by 50 percent by the end of the year.     Boeing unveiled plans Aug. 11 to change the satellite assembly operations to a pulse line system at its facility in El Segundo, Calif....

[Satellite Today 08-14-08] News Corp. and Permira Newcos have signed an agreement to make NDS a private company, sealing a deal that will take NDS off the public market, News Corp. announced Aug. 14     The two companies will pay about $63 per share for NDS, with Permira Newcos holding about 51 percent and News...

[Satellite Today 08-14-08] A potential contract dispute has developed between Gilat Satellite and a consortium of private equity firms looking to acquire the company.     A consortium of private equity investors agreed in March to acquire Gilat for about $475 million. Gilat has notified the consortium that it has fulfilled all conditions needed to close...

In these difficult economic times, U.S. federal and state governments are looking for alternatives to cut costs of living for citizens. While the concept of upgraded infrastructure has long meant building more bridges and roads, political parties are focusing on a new area — broadband and communications infrastructure.  Technology, it seems, is being explored as...

[Satellite Today 08-14-08] By bringing the pulse assembly line to Boeing’s satellite manufacturing facilities, the company intends to reduce production cycle time by 50 percent by the end of the year.     Boeing unveiled plans Aug. 11 to change the satellite assembly operations at its facility in El Segundo, Calif. The new process will move...