Motorola plans another satellite system; Celestri network to deliver high-speed data, video at cost of $12.9 billion
Article Abstract:
Motorola will be adding a third satellite system, costing $12.9 billion, as it moves to become a major satellite systems manufacturer. The new network will deliver video and data at a very high speed to international broadcasters, businesses and telecommunications companies. The system is to be called Celestri and will deliver data to the ground at rates of 64,000 to 155 million bits every second. The satellite will be launched in 2001 and should be ready to begin service in 2002. The FCC received Motorola's plans for Celestri on Jun 13, 1997. Motorola is creating competition for Teledsic, a high-speed satellite system company that will also begin service in 2002. The number of satellite systems planed has analysts wondering it there will be enough demand to keep all of them in business.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
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Orbcomm Corp. public offering is withdrawn
Article Abstract:
Orbcomm Corp. withdrew from its proposed initial public offering after receiving a tepid response from investors. Orbcomm said that it would attempt another IPO at a later date. Analysts believe that the company's withdrawal from its IPO is a warning signal for the satellite communications business. Orbcomm is a closely-held partnership of Orbital Sciences Corp. and Teleglobe Inc. The company was hoping to sell 7.6 million shares in the IPO.
Comment:
Orbcomm Corp. withdraws from its proposed initial public offering after receiving a tepid response from investors
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Skybridge L.P. plans to boost satellite system
Article Abstract:
Skybridge LP announced that it will increase the size of its satellite system by adding 16 low-orbit satellites. This will mean an additional $700 million in project costs as the company works to provide rapid satellite telecommunications by late 2001. Skybridge will increase the number of satellites in its system to a total of 80. The company had previously planned a system of 64-low-orbit satellites.
Comment:
Announced that it will increase the size of its satellite system by adding 16 low-orbit satellites
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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