PARIS — Satellite fleet operator Satmex of Mexico has received approval from its bondholders to spend up to $100 million on a new Satmex 8 telecommunications satellite in return for increasing the interest rate Satmex pays on bonds due in 2011, a development that enabled Satmex to sign a firm satellite-construction contract with Space Systems/Loral, according to  statements from the companies.

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Peter B. de Selding was the Paris Bureau Chief for SpaceNews.