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  1. Technology
July 6, 1987

CONTEL PERSUADES COMSAT TO CALL THE WHOLE THING OFF

By CBR Staff Writer

The astrologers would no doubt have an explanation for these ruptured merger agreements being announced yesterday, (see Plexus-Arete, this page), but Contel Corp, Atlanta has finally persuaded Communications Satellite Corp, Washington that it is entirely for Comsat’s own good that the two should part as friends – but Contel comes away with some of the bits that it did want. Its Contel ASC unit is paying a total of $38m for Comsat International Communications Inc, which does some $12m a year in digital services and the $10m-a-year very small aperture terminal – micro-earthstation part of Comsat Technology Products Inc.

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