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SES Astra Increases Shareholding In Satlynx
Betzdorf, Luxembourg (SPX) Apr 13, 2005 SES Astra, an SES Global company, announced Tuesday that the SES Group increased its shareholding in Satlynx from 41% to 77%, taking full operational control. As a result of the equity realignment, Alcatel Space and Gilat now hold 6% and 17% of the shares of Satlynx, respectively. The SES participation will be managed through SES Astra, the leading satellite services provider in Europe, and the company managing the SES Group's activities in the EMEA region (Europe, Middle East and Africa). Ferdinand Kayser, President and CEO of SES Astra, stated: "This shareholder restructuring enables us to further align Satlynx with the strategic objectives of SES Astra. Satlynx's managed networks expertise complements SES Astra's and is consistent with our strategy of developing our ability to provide end-to-end customer solutions." Paul Heinerscheid, CEO of Satlynx, commented: "This shareholder restructuring, along with the operational integration into SES Astra, provides Satlynx with a secure financial base and enhances our market position. "It enables us to tap existing and proven resources for the development of new business opportunities, and to strengthen Satlynx's competitive positioning." Community Email This Article Comment On This Article Related Links SES Astra 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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