Loral Reaches Global Settlement With Alcatel

SPACEMART

New York - Jul 02, 2003
Loral Space & Communications announced Monday that it has reached an overall settlement with Alcatel resolving all outstanding issues between them including a contract dispute that has been in arbitration.

Loral will pay Alcatel $5 million now and an additional $8 million within one year of closing.

As part of the settlement, Alcatel will transfer its minority interest in CyberStar to Loral, and Loral will transfer to Alcatel its minority interests in two Alcatel affiliates (Europe*Star and SkyBridge) that Loral had previously written off.

SPACEMART

Alcatel Space And Astrium Forge Agreement For AlphaBus

Paris (ESA) Jun 25, 2003
The European satellite communications industry today reached a landmark of cooperation at Le Bourget air show in France. The accord regards collaboration on large space platform AlphaBus.

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