spacetoday.net: space news from around the webin association with SpaceNews


DirecTV subsidiary considers bankruptcy
Posted: Thu, Jan 9, 2003, 7:14 AM ET (1214 GMT)
The Latin American subsidiary of satellite TV broadcaster DirecTV said Wednesday that it may restructure or even file for bankruptcy protection. DirecTV Latin America officials said that economic turmoil in Brazil, Argentina, and other nations in the region has caused a loss of subscribers and revenue for the company. Devaluation of local currencies has also hurt the company in some of its dollar-denominated contracts. If it cannot restructure those contracts, the Miami-based company may file for Chapter 11 bankruptcy protection. PanAmSat, which provides DirecTV Latin America with satellite services, said that DirecTV Latin America represents its biggest risk to future revenue, as the company accounts for over half of PanAmSat's $1.06 billion in future at-risk revenue.
<<previous article   next article>>
news in brief
Starlink suffers global outage
Posted: Sun, Jul 27 12:55 PM ET (1655 GMT)

Soyuz launches space science satellites
Posted: Sun, Jul 27 12:53 PM ET (1653 GMT)

House appropriators seeking alternatives to SLS EUS upper stage
Posted: Sun, Jul 27 12:52 PM ET (1652 GMT)

news links
Monday, July 28
Supporting the ethical development of UK spaceports
Northumbria University — 5:36 am ET (0936 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list