Satellite News

A newly-formed subsidiary of SkyPort International (USA)has signed a letter of intent to purchase RAMTelecom Inc. (Canada), a transaction that will significantly increase SkyPort’s capability to serve customers throughout North America with a range of satellite communications services.

Loral Space & Communications announced that it has completed its sale of US$300 million of convertible perpetual preferred stock to affiliates of MHR Fund Management LLC, Loral’s largest shareholder.

Inmarsat Holdings Ltd. reported financial results for the year 2006 and said it has decided to launch its Inmarsat-4 F3 satellite aboard an Atlas V.

Sirius Satellite Radio announced full-year and fourth quarter 2006 results.

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

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

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.

NASA officials signed a memorandum of understanding with a U.S. company, Virgin Galactic, LLC, to explore the potential for collaborations on the development of space suits, heat shields for spaceships, hybrid rocket motors and hypersonic vehicles capable of travelling five or more times the speed of sound.