Satellite News

French state savings bank Caisse des Depots et Consignations (CDC) has agreed to buy 25.5 percent of Eutelsat from investment company Eurazeo for EUR862.7 million (US$1.15 billion).

Spanish communications infrastructure company Abertis Telecom has announced a deal to acquire a 32 percent stake in Eutelsat Communications for EUR1.07 billion (US$1.42 million),

Sirius Satellite Radio Inc. lowered a forecast of its year-end subscriber count to 5.9 million to 6.1 million.

Boeing and Lockheed Martin announced that they have completed the transaction combining their expendable launch vehicle businesses, forming the 50-50 joint venture called United Launch Alliance, LLC (ULA).

EMS Technologies, Inc. announced that it has completed the sale of its EMS Wireless division to Andrew Corporation.

Alcatel and Lucent Technologies announced the completion of their merger transaction and that they will begin operations on 1 December.

Orbcomm Inc., which recently completed an initial public offering, announced third quarter financial results.

Gilat Satellite Networks Ltd. said it plans to sell, along with a selling stockholder, 7 million ordinary shares in an underwritten public offering.