Intelsat Agrees To Merger Deal With PanAmSat
Yuki Noguchi writes in The Washington Post:
Intelsat Ltd. of Washington plans to buy PanAmSat Holding Corp. for $3.2 billion in cash in a deal that would form the world's largest satellite company, and give the companies a bigger global footprint and a more diversified set of businesses.
The merger agreement, signed yesterday, would create a company with 53 satellites spanning the globe and annual revenue of more than $1.9 billion.
posted by Fergie @ 8/29/2005 05:21:00 AM
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