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Issue #42 - |
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Mistakes Made By Experts for EchoStar and Hughes in Pursuing MergerPanAmSat Stock Price Hit By Fallout From MergerSarantel Expands in US GPS MarketAustralia’s Oz Satellite Launched Successfully From JapanDT Selling Its Stake in EutelsatConsolidation Talk Continues For Europe’s Satellite MakersAriane 5 Failure Comes at Bad Time
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Mistakes Made By Experts for EchoStar and Hughes in Pursuing MergerThough they both hired high-priced talent, Hughes and EchoStar made enough mistakes to make their long-odds merger an impossibility. In addition, Murdoch & News Corp. added their own lobbying effort, effectively killing the proposed satellite marriage. PanAmSat Stock Price Hit By Fallout From MergerPanAmSat saw its share price drop 21% when its parent, Hughes Electronics, agreed to let EchoStar Communications walk from a deal to purchase the satellite operator. Sarantel Expands in US GPS MarketSarantel, a UK-based helical antenna manufacturer, has appointed eight more representatives in the US. The company recently announced a $14 million contract for its PowerHelix(TM) GPS antennas for use in cellular handsets. Sarantel now has technical representation across most of the USA where it is forecasting a significant sales growth in 2002/03. Barrie Foley, Sarantel's CEO, commented, "The GPS market is expanding rapidly, particularly in the USA, and uses now include in-vehicle navigation and logistics as well as incorporation in mobile handsets for emergency location detection. Our GeoHelix antennas offer a number of important benefits in these applications and we are confident that, with our new sales structure, we can further support both our existing and potential customers in the region." Australia’s Oz Satellite Launched Successfully From JapanAustralia’s Oz satellite was successfully lifted into orbit last week. It was the first time the Japanese-developed H-2A rocket had been launched with an international payload and the first Australian-built satellite to be launched since the late 1960’s. DT Selling Its Stake in EutelsatFurther clouding the future of Europe’s second largest satellite operator is Deutsche Telekom’s announced intention to sell its 11% share in Eutelsat to Italian publishing group De Agostini for 150 million euros ($153 million). France Telecom and BT, which together own 41% of Eutelsat, have also stated their desire to sell out. In the mean time, rival operators PanAmSat and Intelsat of the U.S., have made formal bids to purchase the company, as has a group of private investors. Consolidation Talk Continues For Europe’s Satellite MakersWith demand for new satellites in a slump, Europe’s leading satellite makers are talking more urgently about the prospects of combining forces. Ariane 5 Failure Comes at Bad TimeThe failure of the Ariane 5 rocket on Wednesday, Dec. 5, comes at a time when competition is fierce for the few commercial launches taking place. Commercial launch customers may be reluctant to risk their valuable payloads with a platform that has witnessed four failures - two explosions and two missed orbits - out of 14 launches over the past six years. The two birds lost were an experimental telecommunications satellite and Hot Bird-7, a television satellite owned by Eutelsat. Both were partly insured. |
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