09.02.2005 08:00 AM
Intelsat, PanAmSat announce $3.2 billion merger
Intelsat and PanAmSat announced the two companies have signed a definitive merger agreement under which Intelsat will acquire PanAmSat for $3.2 billion.
The new company will offer its customers expanded coverage with additional back-up satellites, supporting fiber networks and enhanced operational capabilities. With an increased focus on developing advanced communications technologies, the company will meet the needs of cable TV programmers, broadcasters, businesses, governments and consumers worldwide.
Using a combined fleet of 53 satellites, the company will serve customers in more than 220 countries and territories.
For more information, visit www.intelsat.com and www.panamsat.com.
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