Satellite News

Gilat Satellite Networks Ltd. said a group of private investors that in March 2008 agreed to buy the company said they would not close the deal at the agreed upon price of US$475 million. The company also reported its results for the second quarter ending 30 June 2008.

China will, under a recently signed agreement, help Laos develop a telecommunications satellite and a ground station, and train relevant staff, Lao newspaper Vientiane Times reported.

Angola reportedly ordered a satellite from Russia. ANGOP news agency said that the government of Angola had formalised the project.

Antrix Corp. Ltd, the commercial arm of ISRO, has won two deals from Algeria and Italy to launch Earth observation satellites next year on PSLV rockets.