FCC Moves on MSV/SkyTerra Transaction
Late Friday, the Federal Communications Commission granted a petition that would allow private equity group Harbinger Petitioners to increase its ownership in Mobile Satellite Ventures through open market purchases of SkyTerra shares. The effort would be limited to a 49.99 voting interest. Mobile Satellite Ventures is a subsidiary of SkyTerra Communications.
INTERNATIONAL - The Cable and Satellite Broadcasting Association of Asia said it added a "patron member" and seven new corporate members to its group. The new patron member is VOOM HD Networks Asia. New corporate members are pan-European television news channel EuroNews, India's Reliance Big Entertainment, Taipei- cable operator Kbro, broadcast solutions provider Arqiva, India-based channel operator INX Network, consultancy Spectrum Value Partners and wireless entertainment device manufacturer Universal Electronics.