Bid for Loral could crimp Ergen rivals.(Satellite)(EchoStar Communications Corp. makes a $1.85 billion play for bankrupt Loral Space & Communications Ltd.)
Multichannel News, October, 2003 by Farrell, Mike
EchoStar Communications Corp. made a $1.85 billion play for bankrupt Loral Space & Communications Ltd. last Wednesday, a move some saw as an effort by the direct-broadcast satellite giant to delay construction of at least one bird for rival DirecTV Inc. EchoStar chairman and CEO Charlie Ergen had been considering a bid for months.
The company sent a letter to Loral back in August to express its interest. At the time, a spokesman said EchoStar had not decided whether to actually make a bid. EchoStar's offer is contending against an earlier bid by Intelsat Ltd. to acquire Loral's North American satellite assets for about $1.1 billion. Intelsat had planned to buy the Loral assets--five operational satellites and one being constructed for...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
