THE YEAR 2OO3 HAS LEFT THE NORTH AMERICAN SATELLITE INDUSTRY WITH A BIT OF UNCERTAINTY AS THE FIXED SATELLITE SERVICE (FSS) ARENA ADJUSTS TO A SWIRL OF ACTIVITY SURROUNDING LORAL SPACE AND COMMUNICATIONS CORP., WHICH FILED FOR BANKRUPTCY THIS SUMMER AND PROMPTLY DREW COMPETING OFFERS FOR COMPANY ASSETS FROM INTELSAT LTD. AND ECHOSTAR COMMUNICATIONS CORP. IN MID-SEPTEMBER, ECHOSTAR REQUESTED THE BANKRUPTCY COURT INTERVENE IN ORDER TO COMPEL LORAL TO SHARE DUE DILIGENCE INFORMATION. A U.S. BANKRUPTCY JUDGE SUBSEQUENTLY DENIED THIS REQUEST BY ECHOSTAR RELATED TO ACCESSING LORAL'S BOOKS, IN OCTOBER , LORAL'S BOARD OF DIRECTORS REJECTED ECHOSTAR'S PURCHASE OFFER.
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