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Technology / AI and automation

COMSAT PROFIT MARGIN OVER PERMITTED LIMIT

The US Federal Communications Commission reckons that Communications Satellite Corp, Comsat, now part of ConTel of Atlanta, exceeded its permitted 12.48% profit margin between 1983 and 1986, and is demanding that the firm either repay at least $62m and maybe more, or show why it shouldn’t – within 45 days.

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CBR Staff Writer

CBR Online legacy content.