Loral

Editor’s Note: Welcome to our weekly Reality Check column. We’ve gathered a group of visionaries and veterans in the mobile industry to give their insights into the marketplace.Out of sight, …

TerreStar Networks Inc. defended its request to the Federal Communications Commission to delay its mobile satellite launch, claiming that the 10-month postponement “is in the public interest.”The Reston, Va.-based firm …

Inmarsat plc may have raised the ante for mobile satellite services by launching land-based “broadband” voice and data service in the United States, close on the heels of launches in …

The departments of Defense and Homeland Security continue to be vital customers for the satellite sector. Satellite owners and operators may profit from the ramped-up need for their services, but …

Mobile satellite service providers continue to struggle financially, but rebuilding efforts in Iraq appear to have increased minutes of use and precipitated the launch of new services. Bankrupt Globalstar L.P. …

PALO ALTO, Calif.-Space Systems/Loral (SS/L), the satellite manufacturing subsidiary of Loral Space & Communications, announced that its Optus C1 communications, which covers Australia, New Zealand and the Asia-Pacific region, as …

NEW YORK-Bankrupt satellite communications company Loral Space & Communications has received an offer from EchoStar Communications Corp. for its six North American telecommunications satellites. EchoStar also indicated interest in acquiring …

SAN JOSE, Calif.-Satellite phone service provider Globalstar Telecommunications Ltd. reported an agreement with New Valley Corp. to provide Globalstar with $55 million in debtor-in-possession financing as the first step toward …

NEW YORK—Loral Space & Communications said it will pay a $14 million civil fine without admitting guilt as part of a settlement with the Justice Department concerning the firm’s involvement …

Mobile satellite service is an idea and a technology that today lies buried under the apprehension and disappointment of a number of major business deals gone bad. But about 10 …

Blackstone Blackstone announced Elaine Moncayo has joined its marketing department as marketing coordinator. In her new position, she will be responsible for internal marketing, including newsletter, brochures, Web site updates …

Heinz Corp. Heinz Corp., which provides services to wireless carriers, has promoted Rick Vogt to senior project manager. In his new position he will be responsible for Heinz’s projects for …

Globalstar L.P. reported revenues for the fourth quarter and year ended Dec. 31 of $1.1 million and $3.7 million, respectively, however the company continues to see minimal growth in voice …

WASHINGTON-Law firm Cohen, Milstein, Hausfeld & Toll P.L.L.C. filed a lawsuit against Globalstar Telecommunications Ltd. and Loral Space & Communications Ltd. in the U.S. District Court for the Southern District …

GroupServe GroupServe announced Tom Stroup, president, will also take on the role of chief executive officer. Stroup’s first task as CEO will be to oversee the commercial product launch of …

NEW YORK-Loral Space & Communications Ltd. reiterated in its fourth quarter and year-end 2000 financial results that it is substantially revising its plan for participation in the broadband communications market …

NEW YORK-Although some satellite companies, like Globalstar L.P. and Iridium, have stumbled badly while chasing mobile telephony, provision of broadband communications remains a meaningful business opportunity for these extraterrestrial carriers, …

LOS ANGELES-Loral Space & Communications will forgo plans to deploy a two-way broadband satellite system and instead focus on its core strengths of providing data delivery platforms for outside customers, …

Globalstar Telecommunications Ltd. took a bold, albeit peculiar, step last week, announcing it is suspending indefinitely principal and interest payments on all its funded debt, including its credit facility, vendor …

Globalstar USA, in desperate need of some debt relief, announced it launched Globalstar Data Services, which will provide 9,600 bit per-second Internet connectivity for the same per-minute rate as voice …

The satellite-based telecommunications market made headlines again last week as Globalstar Telecommunications Ltd. released disappointing financial results and bankrupt provider Iridium L.L.C. endorsed a $25 million buyout bid from former …

Mobile satellite services will shortly be available across the Middle East via the Thuraya network. United Arab Emirates-based Thuraya Satellite Telecommunications has announced the launch of its Thuraya-1 satellite. The …

The satellite-based telecommunications market made headlines again as Globalstar Telecommunications released disappointing financial results and bankrupt provider Iridium endorsed a US$25 million buyout bid from former airline executive Dan Colussy. …

NEW YORK-Globalstar Telecommunications Ltd. said five of its founding partners are purchasing 5.2 million shares of GTL common stock for $56 million. Loral Space & Communications, Vodafone, Qualcomm Inc., Elsacom …

WASHINGTON-A major satellite export reform bill passed by the GOP-led Congress two years ago has blown up in the face of lawmakers at a time when Republicans and Democrats are …