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Friday, March 29, 2024
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Channel Services News

07 Aug 2002

Sea Containers Acquires 92 Percent of Silja

Sea Containers Ltd. passenger transport operator, marine container lessor and leisure industry investor, announced that its wholly-owned subsidiary, Silja Holdings Ltd., had received acceptances of its tender offer to acquire all the outstanding common stock of Silja Oyj Abp, bringing its total shareholding in Silja to 92 percent. The significance of the 90 percent threshold is that Silja Holdings may now compulsorily acquire all the remaining shares in Silja in accordance with Finnish law. Sea Containers shareholding in Silja was increased to 75% in the second quarter of 2002 which will result in consolidation of Silja's assets and liabilities with those of Sea Containers at June 30th.

29 Oct 1999

Stratos Wins Protest of Five-Year Contract

The U.S. Court of Federal Claims in Washington, D.C. has granted the Stratos protest of a five-year U.S. Navy SPAWAR (Space and Naval Warfare) Inmarsat lease contract award to Comsat. The court ruled the contract awarded this past June was legally invalid, and required the U.S. Navy to retender its request for proposal for the five-year $111.9 million contract. The Court directed the Navy to conclude the recompetition by January 28, 2000. Stratos won phase one of the SPAWAR contract in August of 1998, and provided full-time Inmarsat-B 64 Kbps service to all deployed vessels in support of the Chief of Naval Operations' Information Technology for the 21st Century (IT-21) Project through July, 1999. IT-21 provides for the rapid exchange of information between Naval as well as Joint forces.

12 Nov 1999

Stratos Wins Protest of Five-Year Contract

The U.S. Court of Federal Claims in Washington, D.C. has granted the Stratos protest of a five-year U.S. Navy SPAWAR (Space and Naval Warfare) Inmarsat lease contract award to Comsat. The court ruled the contract awarded this past June was legally invalid, and required the U.S. Navy to retender its request for proposal for the five-year $111.9 million contract. The Court directed the Navy to conclude the recompetition by January 28, 2000. Stratos won phase one of the SPAWAR contract in August of 1998, and provided full-time Inmarsat-B 64 Kbps service to all deployed vessels in support of the Chief of Naval Operations' Information Technology for the 21st Century (IT-21) Project through July, 1999. IT-21 provides for the rapid exchange of information between Naval as well as Joint forces.