Satellite News

Shin Satellite reported a net loss of 46 million Baht ($1.4 million) in 2006, the company announced Feb. 26. Discounting a 675…

Ericsson has made an unsolicited offer to acquire Tandberg Television for 9.8 billion Norwegian kroner ($1.6 billion), Ericsson announced Feb. 26. Ericsson has acquired 11.7 percent of the outstanding shares in Tandberg and has entered into agreements to acquire another 13 percent, Ericsson said…

XM Satellite Radio brought in revenues of $933 million in 2006, up 67 percent from 2005, XM Satellite Radio Holdings Inc. announced Feb. 26. XM also added 1.7 million net new subscribers in 2006 to bring its total subscribers to 7.6 million. Subscription revenue grew 64 percent to $825.6 million in 2006…

Loral Space & Communications announced an update with respect to its agreement to sell US$300 million of convertible perpetual preferred stock to affiliates of MHR Fund Management LLC, Loral’s largest shareholder.

Shin Satellite PCL reported a loss in 2006 due mainly to higher expenses and the write-off of Thaicom 3.

XM Satellite Radio Holdings Inc. reported financial and operating results for the fourth quarter and full year ending 31 December 2006.

Boeing plans to install advanced anti-jamming technology on some future commercial satellites, the Wall Street Journal reported.

Solar Orbiter and the Laser Interferometer Space Antenna (LISA) have experienced cost overruns that have led ESA to “shuffle” the missions and look for partnerships, the agency said in a heavily sugar-coated statement.