Last week, Intelsat announced that it has received the necessary regulatory approval from the U.S. Federal Communications Commission to proceed with the proposed purchase of Intelsat, Ltd. by Zeus Holdings Ltd.
Shareholder approval of the proposed acquisition was received earlier this year.
Zeus--a consortium of investors from Apax Partners, Apollo Management, Madison Dearborn Partners and Permira--has signed a deal to acquire global satellite communications provider Intelsat for $5 billion. The deal, which could close as early as the end of this year, includes approximately two billion in net debt. Cur
Intelsat, Ltd. reported Monday that the "Intelsat Americas-7 satellite experienced a sudden and unexpected electrical distribution anomaly that caused the permanent loss of the spacecraft" Sunday morning at approximately 2:30 AM EST. Intelsat said it had re-routed service to many of its customers using alternative ca
Intelsat today introduced Ampiage, a new satellite-based, open-architecture, content delivery and management service ideally suited for North American multiple system operators (MSOs) seeking to cost-effectively upgrade to MPEG-4 and telecommunications operators (telcos) looking to enter the IPTV market. “Our goal
BC Partners (BCEC Funds), along with other investors is acquiring about 76 percent of Intelsat Holdings Ltd., the parent company of Intelsat Ltd., a major provider of fixed satellite services.
The acquisition of PanAmSat by Intelsat for a price tag of $6.4 billion has been completed, leaving PanAmSat a wholly-owned subsidiary. The resulting company will carry approximately 25% of the world’s commercial satellite-delivered TV programming and can reach 99 percent of the globe’s populated areas via its 51 satel
Using a combined fleet of 53 satellites, the company will serve customers in more than 220 countries and territories.
ARRIS and TANDBERG Television have reached an agreement in which ARRIS acquires all outstanding TANDBERG shares for an aggregate purchase price of $1.214 billion at current exchange rates. The transaction is expected to be complete in the second quarter of 2007, and is subject to regulatory approval, as well as TO A
In a move that many broadcasters consider a victory for their industry, the Federal Communications Commission has approved a new must-carry regulation that forces cable operators to carry the analog as well as the digital channels transmitted by local TV stations.
