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Archive for the 'BUSINESS' Category

Hispasat and LeoSat sign strategic investment agreement

July 10th, 2018 by

LeoSat Enterprises, which is launching a constellation of low-earth-orbit communications satellites, has entered into an agreement with Hispasat to invest in LeoSat, both companies announced.

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Fate of Amos-8 appears uncertain

June 25th, 2018 by

Israeli satellite operator Space Communication Ltd. has reportedly been unable to make an advance payment on its US$112 million contract with SSL to build its latest satellite, Amos-8.

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Eutelsat confirms interest in Inmarsat

June 25th, 2018 by

Eutelsat Communications S.A. said it noted the recent speculation and confirms that it is currently evaluating a possible offer for Inmarsat.

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Echostar unveils stake in bid target Inmarsat

June 24th, 2018 by

EchoStar said that it had a near 3% shareholding in Inmarsat, as well as a 10.4% position in its convertible bonds. The disclosure, which was made in a stock exchange filing, comes after Inmarsat announced earlier this month that it had rejected a takeover approach from EchoStar because it “very significantly undervalued” its business.

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Inmarsat rejects take-over offer by EchoStar

June 11th, 2018 by

Shares in Inmarsat Plc surged around 12% on Monday after the company rejected a bid from EchoStar late last week. The approach by EchoStar was for the entire share capital of Inmarsat.

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Northrop Grumman receives clearance to close Orbital ATK acquisition

June 6th, 2018 by

Northrop Grumman Corporation announced that the U.S. Federal Trade Commission (FTC) has cleared Northrop Grumman’s proposed acquisition of Orbital ATK Inc.

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