The transaction involves the transfer of control to Intelsat of licenses and authorizations held by two subsidiaries of PanAmSat.

Using a combined fleet of 53 satellites, the company will serve customers in more than 220 countries and territories, including U.S. broadcasters and cable TV programmers

As a condition of the approval, the FCC imposed protections against the risk of harm to competition and required the merged entity to take steps to expand broadband deployment among low-income households.

The agreement has created a company that will carry about 25 percent of the world's commercial satellite-delivered television programming

Commission approval is contingent upon several conditions being met for a period of seven years.

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