Tuesday, January 11, 2005
Telesat Buys TheSpaceConnection
Satellite operator Telesat has purchased North Hollywood-based TheSpaceConnection, a provider of satellite transmission services to the US television and cable network industry. Telesat is a satellite operations and systems management company that provides telecommunications and broadcasting services. Robert M. Patterson, founder of TheSpaceConnection will remain as President and CEO. TheSpaceConnection provides bandwidth to major television networks, and other companies that need to uplink and downlink video, audio, data, and Internet services. Terms of the transaction were not disclosed.