Financially Speaking… SkyTerra Communications…
An infusion of $150m in debt financing has been afforded to satservices provider SkyTerra Communications Inc. by hedge fund Harbinger Capital Partners.
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NXGen Enjoys Monetary Infusion
NXGen, Inc. has announced they have obtained a commitment, of $1.65 million in equity financing over the next twelve months.
Read MoreRigNet’s Righteous ReFi
RigNet, Inc. provides managed communications solutions for the upstream oil and gas industry and the company announced today the refinancing of its debt with Comerica Bank. This refinancing will continue the funding of the Company’s strong growth, reduces total borrowing costs as well as simplifies the debt structure.
Read MoreGalileo SatNav Funding Draws Cold EU Block Shoulders
You may recall reading about the funding troubles plaguing the European Union’s (EU) Galileo satellite in previous issues of SatNews… processes for an implementation to pay for this positioning system space vehicle continue to have trouble. A week after the EU proposed to pay for the satellite using the bloc’s joint budget to come with the needed 2.4 billion euros.
Read MoreOmniGlobe Dives Into Expansion Waters With Financing
OmniGlobe Networks, Inc. has received $3 million in financing from the Bank of Montreal (BMO), the Business Development Bank of Canada (BDC), and FIER CPVC Montreal L.P. OmniGlobe is a global telecommunications company that provides affordable satellite and WiMAX broadband Internet and VoIP services to various geographic regions around the world where terrestrial telecommunications are unavailable, unreliable, or too expensive.
Read MoreGalileo Versus GPS Funding Furrows Brows
From a Deutsche Welle German radio broadcast on September 19th, information regarding the EU’s Galileo project was broadcast. And as most of our readers are well aware, the multi-billion-euro Galileo satnav project, a counter to the US global positioning system GPS, has experienced some troubles of late.
Read MoreSealand Seizes The Moment With Russian Chats
The Principality of Sealand has received a multi-million dollar investment opportunity from a Russian investment group to fund the launch of a new communications satellite. So states the official newspaper of the country, the Sealand News.
Read MoreMoney Acquisition By Loral Skynet
On September 4, 2007, Loral Skynet Corporation, a wholly owned subsidiary of Loral Space & Communications Inc., entered into a Loan and Security Agreement with Valley National Bank. The purpose of the Loan Agreement is to make available to Skynet a loan to fund the redemption of Skynet’s 14 percent Senior Secured Cash/PIK Notes due 2015.
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