Saturday, July 1, 2006

Intelsat Completes Acquisition of PanAmSat

Intelsat completed its acquisition of PanAmSat, creating the world's largest commercial fixed satellite services provider. Intelsat acquired all of the outstanding common shares of PanAmSat for approximately $3.2 billion. The deal was first announced in August 2005.PanAmSat brings a video-centric customer base, including leading providers of cable TV programming, while Intelsat's historical strength has been in providing core telephony and advanced data services to developing and underserved regions around the world.PanAmSat owns and operates...