StarBand & Loral Sign Satellite Leasing Accord

SPACEMART

McLean - Mar 23, 2004
StarBand, America's first consumer high-speed, two-way satellite Internet provider, has signed a five-year agreement to extend its lease of six satellite transponders on the Telstar 7 satellite currently operated by Loral Skynet.

The high-powered Telstar 7 satellite, located at 129(degree) West Longitude, provides comprehensive coverage of the continental United States as well as Alaska and Hawaii. The agreement continues an accord that has been in place between StarBand and Skynet since the launch of StarBand in 2000.

"This agreement enables the ongoing growth of StarBand and its customer base and ensures the capacity for tens of thousands of StarBand's current customers located across the U.S.," said StarBand Chief Executive Officer Zur Feldman.

In October 2003, Loral Space & Communications accepted a bid by Intelsat Ltd., a global satellite communications provider, to purchase Loral's North American fleet of satellites including Telstar 7 as part of Loral's Chapter 11 reorganization.

Last week, Loral filed an amendment in the US Bankruptcy Court for the Southern District of New York incorporating the StarBand agreement as part of its sale to Intelsat. The agreement, including a provision that Intelsat assume the StarBand-Loral agreement, was approved by Loral's bankruptcy court on March 15.

"StarBand will launch a stream of innovative new products and services this year -- the first one to be announced later this month," said Feldman. "As such, this agreement was critical in securing the room for growth anticipated from these new services."

Following StarBand's own emergence from Chapter 11 late last year, the company has secured relationships with several new partners in order to launch a wide array of new products and services. These services will meet the broadband needs of a wider audience, provide improved performance levels, and deliver wider operating system compatibility.

SPACEMART

EADS Space Division Improving Despite Loss

Paris - Mar 19, 2004
Europe's largest aerospace company, swung to a larger-than-expected net profit in 2003 as a strong fourth quarter at its Airbus plane-making unit and a drop in charges offset losses in its space division.

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.