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General

AT&T FAILS TO MAKE CONTACT WITH TELSTAR SATELLITE

Monday 20 January 1997 | 00:00 CET | News
AT&T has failed to re-establish contact with the Telstar 401 satellite, which failed on 11 January 1997. The company has given up hope of re-establishing contact with the satellite, which broadcasts computer data, telephone calls and television programmes. The failure of the satellite is expected to result in a revaluation of the value of AT&T Skynet Satellite Services, which was sold to Loral Space & Communications for USDlr712 mil in 1996. The Telstar 401 satellite was one of AT&T Skynet's two main satellites.

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Categories: General
Companies: Magnet Networks / Telia
Countries: United States
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