Satellite News

Motient Corporation (MNCP) announced the close of the transactions that will consolidate the ownership and control of TerreStar Networks Inc. under Motient, and will consolidate the ownership and control of Mobile Satellite Ventures LP (MSV) and its corporate general partner under SkyTerra.

SkyTerra Communications, Inc. announced that it has completed the closing of the previously announced transactions to consolidate the ownership and control of Mobile Satellite Venture LP (MSV).

The U.S. Air Force has reportedly decided to phase out Lockheed Martin Corp.’s US$6.2 billion Advanced Extremely High Frequency (AEHF) satellite programme while ramping up spending for another programme, the Transformational Communications System (TSAT).

Hughes Communications, Inc. announced that it has received notification from NASDAQ that its common stock has been approved for listing on the NASDAQ Global Market, subject to standard listing requirements.

NASA said it has joined with Red Planet Capital, Inc., San Mateo, California/USA, in a partnership to help the agency gain access to new and innovative technologies through the venture capital community.

BCE has filed a preliminary prospectus and a registration statement with securities regulators for a US$400 million offering of non-voting shares in satellite operator Telesat.

News Corp. has held talks to swap its controlling stake in DirecTV Group Inc. for Liberty Media’s stake in News Corp., according to the Wall Street Journal, CNBC and other sources.

COM DEV International Ltd. announced its third quarter results for the three-month period ending 31 July 2006.