Intelsat satellite loss threatens $3.1bn sale
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A planned $3.1 billion takeover of satellite operator Intelsat Ltd. appeared in jeopardy on Monday after the company said an electrical problem had ruined one of its satellites.
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PHILADELPHIA  - A planned $3.1 billion takeover of satellite operator Intelsat Ltd. appears in jeopardy after an electrical problem ruined one of the company's satellites.
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A $1.3 billion reserve price for a piece of wireless spectrum to be auctioned by the FCC in January is too high, according to one company.
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How the global satellite launch market is shaping up after a rocky few years.
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AT&amp;T on Thursday reported a $7.1bn third-quarter loss because of an $11.4bn writedown of its assets after its retreat from consumer services and other restructuring charges.
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MCI Inc. yesterday reported a loss of $3.4 billion during its third quarter, reflecting its recent decision to write down the value of its telecommunications network.
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London-based private-equity firm BC  Partners was in the lead to purchase satellite operator  Intelsat Ltd. for about $5 billion plus the assumption of about  $11.5 billion in debt, The Wall Street Journal Online reported.
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A $3.1 billion debt sale to pay for the buyout of General Motors' Allison Transmission unit has been postponed, the Wall Street Journal said on its Web site on Monday, citing an unnamed source.
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DirecTV Group, the largest satellite television programmer, said its loss widened considerably in the third quarter because of a one-time charge to pay for new satellites.
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BT Group, the privatised former British telecoms monopoly, has sold its entire holding in the French satellite operator Eutelsat for Â£363m.
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Intelsat Ltd. has regained communications with a satellite that it lost track of last weekend, but engineers do not know if they will be able to fully restore service. -The Washington Post
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MUMBAI: Satellite television provider, Direc TV in a regulatory filing on Friday said that it may take up to $1.6 billion in pre - tax charges to write down the value of satellites it would use for broadcasting instead of high-speed data services.
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MCI has reported a $3.4bn (Â£1.8bn) third-quarter loss due mainly to a write-off of the value of its assets. The company&#39;s efforts to recover from its bankruptcy are being hampered by stiff competition in
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3Com (COMS: news, chart, profile) reported a loss of $35.5 million, or 9 cents a share, compared with a loss of $106 million, or 29 cents a share, in the same period a year ago.
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Intelsat Ltd., the world's second-largest satellite operator, said on Monday it agreed to be bought by a consortium of four private equity firms for &#36;5 billion, including assumption of &#36;2 billion of debt.
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3Com Corp. COMS.O on Thursday   reported a net loss for its first quarter that was narrower   than a year ago, as sales increased mainly due its joint   venture with China's Huawei Technologies Co. Ltd.
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3Com said Wednesday that it has withdrawn a $2.2 billion offer for the network equipment maker from consideration by a federal national security regulator, marking the potential demise of yet another private equity deal. It crystallizes months of fears and skepticism by investors that the buyout, by Bain Capital and China's Huawei Technologies, would fail because [...].