ICO Global renegotiates pact to buy satellites from Hughes

Article Abstract:

Hughes Electronics Corp. has renegotiated an agreement to supply bankrupt ICO Global Communications Ltd. with 12 communications satellites, with an option to purchase 4 more. The deal is valued at $3 bil. Officials say ICO Global owes Huges about $300 mil on the original $2.5 bil contract for 12 satellites. The first launch is scheduled for March. ICO is shifting its marketing emphasis from voice services to data and Internet transmission. Craig McCaw and his Eagle River Investments LLC are involved in the reorganization of ICO.

Use of services, Guided missiles and space vehicles, Communications Satellites, Guided Missile and Space Vehicle Manufacturing, Statistical Data Included

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Hughes Electronics may get $1 billion in extra revenue from ICO satellites

Article Abstract:

With the expected acquisition of ICO Global Communications Ltd. by Craig McCaw's Teledesic L.L.C., Hughes Electronics Corp. may see about $1 billion in contracts. The company may supply up to eight communications satellites to the new venture, in addition to engineering and systems-integration services. ICO is emerging from bankruptcy protection and will be merged with Teledesic in an effort to take advantage of ICO's high-orbit satellite constellation and Teledesic's high-speed computer data transmission satellites. However, it's not yet been determined how completely the two systems will be linked together.

Radio & TV communications equipment, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing, Satellite Communications Eqp, Mergers, acquisitions and divestments, Equipment and supplies, Satellite communications systems, Teledesic L.L.C.

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Airports and tunnels are getting wired for wireless; little company uses a network of tiny antennae and cables to service multiple carriers

Article Abstract:

A small Springfield, MA-based company, Concourse Communications Group LLC, has received a wireless-services contract from the Port Authority of New York and New Jersey. Concourse will improve wireless communication signals in the Port Authority's airports, subways and tunnels by using an antennae and cable network to transport signals from wireless service providers to their customers, bypassing the providers' antennae.

Company technology development, Port Authority of New York and New Jersey, Concourse Communications Group L.L.C.

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