Hughes Signs Pact for 2 Satellites
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Reuters
HONG KONG — APT Satellite Co. Ltd., a Chinese-Hong Kong joint venture, plans to spend more than $200 million to buy two communications satellites and equipment from General Motors Corp.’s Hughes Communications International Inc.
APT signed an agreement with Hughes for one APSTAR satellite, an option on a second satellite and satellite control equipment and orbit control services, the two companies said at a news conference.
