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New York - Sep 23, 2003 Loral Skynet, a subsidiary of Loral Space & Communications, today said that it has been unable to re-establish contact with its Telstar 4 satellite and has declared the satellite a total loss. As previously reported, Telstar 4 experienced a short circuit of its primary power bus on September 19, 2003. At the time of the satellite's failure, Loral Skynet initiated a comprehensive restoration plan that has provided capacity to nearly all Telstar 4 customers on Loral's Telstar 5, Telstar 6 and Telstar 7 satellites. Loral Skynet and Lockheed Martin, the manufacturer of the satellite, continue to work to identify the cause of the problem. The satellite was insured for $141 million. Under Loral's agreement to sell its six North American satellites to Intelsat, the purchase price will be reduced by any insurance proceeds received by Loral. Loral continues to expect to complete the sale in a timely manner. As previously planned, Loral will replace Telstar 4 at 89 degrees West in mid-2004 with the larger and more powerful Telstar 8 satellite, currently under construction at Space Systems/Loral. Telstar 8 carries a Ka-band payload, in addition to C- and Ku-band. Telstar 4 covered the continental U.S., Alaska, Hawaii, Puerto Rico, U.S. Virgin Islands, and southern Canada. Telstar 4 was launched in September 1995. Community Email This Article Comment On This Article Related Links Loral Space & Communications SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
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