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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 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 MoreFrom 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 MoreThe 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 MoreOn 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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