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Loral's North American satellites to be bought by Intelsat

New York,Usa -The price, USD 1.1bn

On Wednesday, October 22 the U.S. Bankruptcy Court for the Southern District of New York will consider Loral's motion to approve the sale to Intelsat, after this company won the auction held on October 21 for the sale of Loral's North American telecommunications satellites. Intelsat, Ltd won the auction with a bid of USD 1,1bn. Loral announced that it had reached a final agreement with Intelsat for...

AVIONEWS - World Aeronautical Press Agency - 53964

AVIONEWS - World Aeronautical Press Agency
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