Infrastructure
News
8/29/2005
01:47 PM
50%
50%

Merger Will Create Satellite Powerhouse, Companies Say

Intelsat says PanAmSat Holding Corp. will allow it to expand satellite services to businesses and consumers in the U.S.

Intelsat Ltd. announced plans to acquire PanAmSat Holding Corp. today, which Intelsat says will allow it to become one of the leading satellite providers in the U.S. Intelsat paid $25 per share for PanAmSat stock, for a total of $3.2 billion.

Intelsat has a strong presence outside the U.S. It offers video, voice, and data services to customers in more than 220 countries and territories, primarily those that are developing and underserved. PanAmSat has a video-centric customer base in the U.S., including cable TV providers Time Warner and HBO. Telecom carriers, such as MCI and Sprint, also use PanAmSat's services.

The resulting company will offer customers broader coverage, expanded HDTV, broadband, and IPTV (Internet Protocol television) services, and back-up satellites that will support fiber networks. The company will have a combined fleet of 53 satellites and will serve cable TV providers, broadcasters, businesses, consumers, and governments worldwide.

The merger is expected to close in about six to 12 months, according to Intelsat.

Comment  | 
Print  | 
More Insights
2014 Next-Gen WAN Survey
2014 Next-Gen WAN Survey
While 68% say demand for WAN bandwidth will increase, just 15% are in the process of bringing new services or more capacity online now. For 26%, cost is the problem. Enter vendors from Aryaka to Cisco to Pertino, all looking to use cloud to transform how IT delivers wide-area connectivity.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest, Dec. 9, 2014
Apps will make or break the tablet as a work device, but don't shortchange critical factors related to hardware, security, peripherals, and integration.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
Join us for a roundup of the top stories on InformationWeek.com for the week of December 14, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.