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Latest Satellite News Discussion, For Sale: Two almost-new satellites at General Satellite News forum; For Sale: Two almost-new satellites Chris Forrester 25-08-2009 ProtoStar is to auction its two satellites on Oct 14. The Delaware ...

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For Sale: Two almost-new satellites
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Thumbs up For Sale: Two almost-new satellites - 26-August-2009, 05:50

For Sale: Two almost-new satellites
Chris Forrester
25-08-2009


ProtoStar is to auction its two satellites on Oct 14. The Delaware Bankruptcy Court approved the decision on Aug 24.

The move also authorises ProtoStar to reveal to qualified bidders the so-called Boeing Contract and its terms, whereby ProtoStar is obligated to pay Boeing for the ProtoStar 2 craft, and the amounts owing under that contract and ProtoStars ongoing obligations to Boeing. Indeed, such are the sensitivities of this contract that Boeing has the right to authorise who can and cannot see the contracts details.

The ProtoStar auction also includes the companys other assets, plus ground equipment.

Both Eutelsat and SES have expressed an interest in acquiring the assets, although the versatile and new craft are likely to be of considerable interest to many other satellite operators.

Qualified bids have to be in by October 8. Following on from the actual auction the Delaware Court will subsequently approve the sale between Oct 19 and 23.

New York lawyers Millbank, Tweed Hadley & McCloy are handling the actual auction.



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26-August-2009, 10:45

what channels could i receive with this kit?
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Originally Posted by Bacteria View Post
For Sale: Two almost-new satellites
Chris Forrester
25-08-2009


ProtoStar is to auction its two satellites on Oct 14. The Delaware Bankruptcy Court approved the decision on Aug 24.

The move also authorises ProtoStar to reveal to qualified bidders the so-called Boeing Contract and its terms, whereby ProtoStar is obligated to pay Boeing for the ProtoStar 2 craft, and the amounts owing under that contract and ProtoStars ongoing obligations to Boeing. Indeed, such are the sensitivities of this contract that Boeing has the right to authorise who can and cannot see the contracts details.

The ProtoStar auction also includes the companys other assets, plus ground equipment.

Both Eutelsat and SES have expressed an interest in acquiring the assets, although the versatile and new craft are likely to be of considerable interest to many other satellite operators.

Qualified bids have to be in by October 8. Following on from the actual auction the Delaware Court will subsequently approve the sale between Oct 19 and 23.

New York lawyers Millbank, Tweed Hadley & McCloy are handling the actual auction.



Regards,

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