PanAmSat, JSAT launch joint Ku-band venture

July 11, 2005

PanAmSat is joining with long-time partner JSAT to form a joint venture that will launch a new Ku-band satellite to satisfy the growing demand in the U.S. market. The joint venture will be named Horizons-2 and include a high-powered satellite that will support digital video, HDTV and IP-based content distribution networks to broadband Internet and satellite news gathering services. The formation of the venture with JSAT, which is on a 50/50 basis, will permit PanAmSat to replace a satellite scheduled to “de-orbit” with no capital outlays during the two-year construction period.

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