TS News - Skynet Sale Completed

TELE-satellit News, 18 March 1997

Skynet Sale Completed
  BEDMINSTER, New Jersey, USA, 97/03/17 (TS) -- AT&T and Loral Space &
Communications have completed the transfer of ownership of AT&T Skynet. The
transfer was complicated by the loss of Telstar 401, which was part of the
deal. The two companies had originally agreed on a price of $712.5 million
but a new purchase price of $478.1 million was agreed by the two companies.
(c)TELE-satellit 1997. All rights reserved.

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