IBM has agreement in principle to sell a minority interest in its Satellite Transponder Leasing Corp subsidiary to General Motors’s Hughes Communications Inc on undisclosed terms: Hughes will provide exclusive marketing services for the entire IBM fleet of communications satellites, SBS-4, SBS-5 and SBS-6, which are worth over $250m.
IBM has agreement in principle to sell a minority interest in its Satellite Transponder Leasing Corp subsidiary to General Motors’s Hughes Communications Inc on undisclosed terms: Hughes will provide exclusive marketing services for the entire IBM fleet of communications satellites, SBS-4, SBS-5 and SBS-6, which are worth over $250m.
