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Technology Stocks : Loral Space & Communications
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To: JGoren who wrote (5562)3/23/1999 9:09:00 AM
From: Jeff Vayda  Read Replies (1) of 10852
 
Vman, anyone know more?


Columbia Asking FCC To Pull Slot From Loral (Space News, 03-29-99)
Columbia Communications Corp. asked the U.S. Federal Communications
Commission (FCC) to terminate Loral Orion Inc.'s authority to use the unoccupied
orbital slot at 47 degrees west longitude for Ku-band satellite services. In a petition
filed with the FCC March 19, Columbia officials said Loral Orion has left the orbital
slot, over the Atlantic Ocean, vacant for so long that it has violated FCC rules against
warehousing orbital real estate. Columbia wants to use the slot for a trans-Atlantic
satellite. (Not available on the web)

Brazil's Slot Auction Protested by Telesat (Space News, 03-29-99)
Brazil's award of a coveted orbital slot to Loral Skynet has prompted a protest
from one of the losing bidders because Loral and a third participant were allowed to
amend their proposals after submitting them to the government. Loral Skynet,
Bedminster, N.J., bid 33.1 million reals ($17.6 million) for the right to place a
communications satellite at either of two orbital slots auctioned in February by the
Agência Nacional de Telecomunicações (Anatel), the Brazilian telecommunications
regulator. That amount was considerably higher than the minimum required bid of
1.85 million reals and nearly twice as much as the 17.7 million real bid by
Ottawa-based Telesat Canada. The third participant, América Star
Telecomunicações - backed by Alcatel Space of Paris - bid 9.3 million reals. (Not
available on the web)
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