Historical Stock Chart
3 Months : From Jan 2020 to Apr 2020
-- AT&T Inc.'s (T) DirecTV said its Spaceway-1 satellite "suffered a major anomaly" causing battery damage, and warned that "battery cells could burst," CNBC reported. The satellite is operated by Intelsat SA (I) and was built by Boeing Co. (BA).
-- DirecTV is seeking permission from the Federal Communications Commission to remove the satellite from orbit, CNBC reported.
-- Boeing told CNBC that the issue "occurred in the course of beyond-contract-life operation after a collection of events that have a very low likelihood of occurring on other satellites." AT&T said the satellite will be replaced and the company doesn't expect the problem to affect service, CNBC reported.
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(END) Dow Jones Newswires
January 23, 2020 19:32 ET (00:32 GMT)
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