FINANCIALLY SPEAKING… PROTOSTAR LTD.
A 245M/USD satellite financing arrangement has been completed by Milibank, Tweed, Hadley & McCloy LLP for ProtoStar Ltd.
Read MoreFunding & Venture Capital
Financially Speaking… ProtoStar…
ProtoStar Ltd., a Bermuda corporation, announced the closing of 245M/USD of debt and equity financing to complete the on-going development and launch of its second satellite.
Read MoreSatInsurance To Pump Up
Space insurers are targeting premium increases of up to 30 percent following losses in 2007, which included the failures of the Sea Launch rocket carrying the NSS-8 satellite, the Proton carrying JCSat 11, and the initial failure of the Proton rocket carrying the AMC-14 satellite.
Read MoreFinancially Speaking… Universal Space Network
Universal Space Network, Inc. (USN) provides outsourced space operations and ground control and communications services and they've just announced they have closed a $13M equity financing round and a $5M debt facility.
Read MoreWireless Internet Access Of More Than Passing Interest To EchoStar Corp.
$150 million is a tidy sum, and that's what EchoStar Corporation has invested in TerreStar Corporation.
Read MoreFinancially 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.
Read MoreNXGen 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.
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