Telesat satellite launch stalled for more testing

Article Abstract:

Telesat Canada has delayed the launch of its new direct broadcast satellite, which was originally scheduled for September 1998, after Lockheed Martin Corp., the manufacturer of the satellite, decided to subject the system to further tests. Lockheed Martin stated the tests are aimed at ensuring the satellite, built at a cost of C$400 million, will not experience the same glitches that affect other satellites. The satellite, called Nimiq, will be used by Express Vu, a unit of Bell Satellite Services Inc., in delivering direct-to-home broadcasts to over 100,000 customers.

Comment:

Delays launch of new direct broadcast satellite, originally scheduled for September 1998, to subject it to further tests

Facilities & equipment, Satellite Communications, Satellite Telecommunications, Telesat Canada, Article

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Atlantic phone firms talk merger

Article Abstract:

Four major Canadian telephone companies are planning to merge to create a C$3-billion Atlantic telecommunications player. The companies are Bruncor Inc. of Saint John, Maritime Telegraph and Telephone Company Ltd of Halifax, NewTel Enterprises Inc. of St John's and Island Telecom Inc. of Charlottetown. The merged entity would have combined annual revenues of C$1.48 billion, with more marketing, R&D and purchasing power in the region.

Acquisitions & mergers, Telecommunications, Telecommunications industry, NewTel Enterprises Ltd., Bruncor Inc., Maritime Telegraph and Telephone Company Ltd.

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CryptoLogic applies for Nasdaq listing

Article Abstract:

Internet gambling software developer CryptoLogic Inc of Toronto has announced its plan to list its shares on the Nasdaq Stock Market. Company officials said that the company is undervalued and needs to increase its exposure in the US market to boost shareholder value. CryptoLogic reported a revenue of C$22.9 million, C$40 million in cash and a market capitalization of C$220 million.

Securities issued, listed, Internet software, CryptoLogic Inc.

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