To: SafetyAgentMan who wrote (6257 ) 6/9/1999 5:37:00 PM From: SafetyAgentMan Read Replies (1) | Respond to
Wednesday June 9, 3:51 pm Eastern Time
Company Press Release
Satmex and Innova Sign Contract to Provide DTH Services Through
Solidaridad 2
MEXICO CITY--(BUSINESS WIRE)--June 9, 1999--Satmex (Satelites Mexicanos
S.A. de C.V.) announced today the extension of its contractual
relationship with Innova, S. de R. L. (Sky in Mexico) to provide DTH
services through the Solidaridad 2 satellite, through December of the
year 2001 with an option to extend this service.
Under the recently signed contract with Innova's subsidiary, Corporacion
de Radio y Television del Norte de Mexico S.A. de C.V., Satmex will
deliver DTH services for Sky through 12 Ku-band transponders on
Solidaridad 2 (Sol 2). Sol 2 is a HS601 geosyncronous satellite at
113(degrees) W.L. It operates 16 C-band and 18 Ku-band transponders and
gives Sky coverage of Mexico.
''This new and flexible contract reinforces the good relationship that
began in 1996 with Sky,'' stated Satmex CEO, Lauro Gonzalez Moreno.
Based in Mexico City, Satmex delivers voice, data and video services,
such as direct-to-home applications (including the leading DTH platforms
in Latin America), broadcast television, occasional use, distance
learning, government channels and radio. Satmex currently operates three
satellites: Solidaridad 1, Solidaridad 2 and Satmex 5. For more
information, visit Satmex's web site at satmex.com.mx .
Principia is a leading Mexican telecommunications company that is
majority owned by the Autrey family and Mr. Lauro Gonzalez Moreno. In
1997, Principia and Loral Space & Communications were selected to
acquire 75 percent of Satmex in connection with the privatization of
Mexico's fixed satellite services. In association with Loral Space &
Communications and AirTouch Communications, Principia founded Globalstar
de Mexico in 1996. Besides its participation in Globalstar de Mexico and
Satmex, Principia also owns Optel Telecomunicaciones, a company that
provides computer network communications in 17 cities throughout Mexico.
Loral Space & Communications (NYSE:LOR - news) is a high technology
company that primarily concentrates on satellite manufacturing and
satellite-based services, including broadcast transponder leasing and
value-added services, domestic and international corporate data
networks, global wireless telephony, broadband data transmission and
content services, Internet services, and international direct-to-home
satellite services.
