Intelsat to Get Much Bigger, but Not Yet Profitable

From: The Washington Post | Date: July 3, 2006| Author: Griff Witte - Washington Post Staff Writer | Copyright information

Intelsat Ltd. of Washington is to become the world's largest commercial satellite operator today when it completes its purchase of the firm that had been its toughest domestic competitor.

The deal to buy longtime rival PanAmSat Holding Corp. creates a company that will carry about a quarter of the world's commercial satellite-delivered television programming on a fleet of 51 satellites and can reach 99 percent of the world's populated areas with communications services.

Intelsat...

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