Kudelski shares take off on news of US deal

Kudelski shares were boosted by news of the US deal

Shares in the digital technology group, Kudelski, were up around seven per cent on Monday after news that its biggest client, Echostar, is to buy General Motors's satellite television unit.

This content was published on October 29, 2001 - 15:47

Kudelski's stock closed at SFr98.90 after opening the session at SFr105. Analysts said the American deal had the potential to substantially increase Kudelski's client base. Its US customers currently number 23 million but analysts say the Echostar transaction could boost the figure to 34 million.

General Motors agreed on Sunday to sell its satellite television subsidiary to Echostar for $25.8 billion after a rival bid from Rupert Murdoch's News Corp was withdrawn.

However, the transaction is expected to come under close scrutiny from US regulators as it would bring 16 million satellite television subscribers, a majority of the US market, under single ownership.

The deal is a significant setback for Rupert Murdoch who wanted to combine the unit with his other global broadcast assets.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?