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April 7, 1987

COMSAT PROFIT MARGIN OVER PERMITTED LIMIT

By CBR Staff Writer

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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