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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?


To: Jeff Vayda who wrote (10660)1/22/2004 10:49:49 AM
From: ebg51  Respond to of 10852
 
The DEVIL is in the details! How much Loss? How Much money? What discount on a broken sat is being negotiated? What does it really mean?



To: Jeff Vayda who wrote (10660)2/16/2004 8:19:13 AM
From: Jeff Vayda  Read Replies (2) | Respond to of 10852
 
Intelsat Receives FCC Approval In
Connection With Loral Transaction
Hamilton - Feb 16, 2004
Intelsat, Ltd., a global
leader in satellite
communications, today
announced in connection
with its proposed
purchase of the North
American satellite assets
of Loral Space &
Communications
Corporation and its
affiliates that the U.S
Federal Communications Commission has approved the
transfer of Loral's FCC licenses to Intelsat. Intelsat CEO
Conny Kullman said,

"This FCC approval is one of the significant conditions to
the closing of the Loral transaction, and we are pleased
that the regulatory process has been concluded. We are
looking forward to completing the deal once all other
conditions to closing have been met."