Space Business Review A monthly round-up of space industry developments for the information of our clients and friends. May 2014 AT&T TO ACQUIRE DIRECTV BRAZIL ORBITAL SLOT AUCTION On May 18, AT&T Inc. (AT&T) and DIRECTV, On May 7, Anatel, Brazil’s telecommunications LLC (DIRECTV) announced that they entered regulatory agency, announced that a government CONTACTS: into a definitive agreement whereby AT&T will auction of four orbital positions on May 6 acquire DIRECTV in a stock-and-cash produced $67.6m in winning bids. Hispamar Dara A. Panahy 202-835-7521 transaction. Pursuant to the terms of the merger, Satélites S.A., a subsidiary of Hispasat, S.A.,
[email protected] DIRECTV shareholders will receive $95 per won one of two auctioned Ku-band orbital slots share, consisting of $28.50 in cash and $66.50 in with a bid of $28.6m. SES DTH do Brasil LTDA, Bijan Ganji AT&T stock, representing a total equity value of a subsidiary of SES S.A., won the other Ku-band 202-835-7543 $48.5b and a total transaction value of $67.1b. slot with a bid of $12m as well as a slot offering
[email protected] The combined company will possess greater C-, Ku- and Ka-band frequencies, and rights to product offerings and enhanced distribution provide broadband services, with a bid of capabilities as a result of the combination of $14.9m. Eutelsat Brasil LTDA, a subsidiary of To learn about Milbank’s DIRECTV’s customer base, content and Eutelsat S.A., won a slot that, according to Space Business Practice, or technology with AT&T’s nationwide mobile ANATEL, involves frequency rights under view previous issues of the network and high-speed broadband network.