The 14 October 2009 auction-date of ProtoStar 1 became the deadline for bidders to express preliminary interest. At press time, bids were due 23 October, with the auction rescheduled for 29 October. Industry sources say interest has been such that the ProtoStar 1 satellite could sell for at least double its original estimated price, and the auction of ProtoStar 2 could also be delayed. Auction was organized after Bermuda-based ProtoStar filed for Chapter 11 bankruptcy in July 2009. July … [Read more...] about Newly-expressed interest delays ProtoStar auction
ProtoStar
Protostar links with PLDT; Intersputnik announcement irks AsiaSat
ProtoStar Ltd. (ProtoStar) and the Philippine Long Distance Telephone Company (PLDT) and PLDT's subsidiary, Mabuhay Satellite Corporation (Mabuhay) announced the signing of several agreements covering multiple areas of cooperation. Key aspects of the agreements include: an exchange of certain Mabuhay assets for an equity position in ProtoStar; expanded use of Mabuhay's Subic Space Center for the operation and control of satellites; an option for PLDT to make further investments in ProtoStar and … [Read more...] about Protostar links with PLDT; Intersputnik announcement irks AsiaSat
