SatNews

Satellite Industry Intelligence Since 1983

Mergers & Acquisitions

Loral Brings Telesat Canada Into The Fold… Officially!

August 20, 2007 / Mergers & Acquisitions

We all knew it was going to occur, but now all is official! Industry Canada has approved the acquisition of Telesat Canada by Loral [NASDAQ:LORL] and their Canadian partner, the Public Sector Pension Investment Board (PSP Investments. On December 16th, 2006, the joint venture company formed by Loral and PSP Investments entered into a definitive agreement with BCE Inc. [TSX/NYSE:BCE] to acquire 100 percent of Telesat Canada’s stock from BCE for CAD 3.25 billion.

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Antennas Acquisition By NovAtel

August 20, 2007 / Mergers & Acquisitions

NovAtel Inc. [NASDAQ: NGPS] has acquired privately-held Antcom Corporation, a communication company specializing in the design, development and manufacturing of antenna and microwave products for commercial and military customers in the space, ground and avionics telecommunications markets.

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ITT Gains More Defensive Acumen

August 17, 2007 / Mergers & Acquisitions

ITT Corporation [NYSE: ITT] and EDO Corporation [NYSE: EDO] have reached a definitive agreement for ITT to purchase all outstanding shares of EDO for $56 per share in cash. Including approximately $120 million of net debt and the anticipated conversion of convertible notes, this transaction values EDO at $1.7 billion.

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An Acquisition By Apax of Major Importance

August 6, 2007 / Mergers & Acquisitions

Apax Partners has successfully completed their purchase of Telenor Satellite Services. Telenor will now be blended into Apax’ Vizada brand. Apax now combines the resources of two industry veterans – the former Telenor Satellite Services (TSS) and the former France Telecom Mobile Satellite Communications (FTMSC) under the Vizada brand – maintaining continuity of service for existing customers while creating a new market leader in the global satellite communications industry.

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ORG On An Acquisition ORGy?

July 19, 2007 / Mergers & Acquisitions

NEW DELHI, INDIA: August 20, 2007—Satnews Daily—You probably have not heard about, or know much regarding, ORG Informatics. Based in Gurgaon, India, this company was established in 1976 by the late Dr. Vikram Sarabhai, the architect of India’s space program.

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